NATSOURCE Site MapTerms and Conditions
About Natsource Corporate News Global Offices Contact Us Search

Markets Quick Link
Markets Quick Link
Advisory Services
Asset Management Services
Transaction Services
Corporate Links
[graphic]
Member Login
Email

Password

Request Access


Change Password
Home > Recent Industry News Archive > Industry News
Industry News
Print This Page

Saving Powder River

Author(s): Anonymous
Source: Onearth
Date of Publication: January 01, 2005

As fossil fuel prices climb, sources of energy that had little value a decade ago are now hot commodities. Such is the case with coal bed methane-a gas that is naturally produced and trapped in coal seams. When the Bureau of Land Management awarded Pennaco Energy three exploration leases in Wyoming's Powder River basin in 2000, it studied the environmental impacts of traditional oil and gas development, but not of coal bed methane extraction-a different process with very different effects on the environment. To get the gas, groundwater has to be pumped out, and often that water is dumped into nearby streams or allowed to spill right onto the ground. It tends to be extremely saline, which means it kills crops, makes soil too salty to farm, and sometimes contaminates drinking water supplies. More than three years ago, NRDC and its local allies challenged the environmental review for Pennaco's three leases. In August, a federal appeals court agreed that the bureau had performed an inadequate review. The Department of the Interior has cancelled future lease sales for coal bed methane in the Powder River basin, but 39,000 new wells had already been approved before the August ruling. NRDC has requested meetings with federal officials to respond to the problem.

(C) 2005 Onearth. via ProQuest Information and Learning Company; All Rights Reserved

Recent Industry News Archive




About Natsource | Corporate News | Global Offices | Search | Member Log in | Site Map | Home
Advisory Services | Asset Management Services | Transaction Services
© 2006 NATSOURCE Terms & Conditions