Webinar to examine world oil and gas resources, consumption, trends

UNIVERSITY PARK, Pa. -- A Web-based seminar presented by Penn State Extension's Marcellus Education Team will present a global view of oil and gas reserves.

The one-hour webinar, which begins at 1 p.m. Thursday, May 15, will feature Aloulou Fawzi, project manager for the exploration and production team, Energy Information Administration, U.S. Department of Energy. He will discuss world oil and gas resources, consumption and new trends.

Understanding the economic relationships of world energy resources and consumption, and what is on the horizon is important in understanding local and global situations, according to Fawzi, who is an industry economist. The Energy Information Administration collects, analyzes and disseminates a wide range of energy information covering all aspects of production, supply, demand, imports, exports and pricing.

"That data helps promote sound policymaking, efficient markets and public understanding of energy and its interaction with the economy and environment," he explained. "During the webinar, I will share some of this current information regarding world oil and gas resources, and use."

Penn State Extension's Marcellus Education Team has been providing at least monthly webinars on a variety of topics. Upcoming webinars include the following:

-- June 19: "Utica/Pt. Pleasant -- Where Are We Now?" Manuj Nikhanj, managing director, head of energy research, ITG Investment Research.

-- July 17: "Industry Workforce and Training," Pennsylvania College of Technology and Pennsylvania Department of Labor and Industry.

-- Aug. 21: "Natural Gas Processing and Effects on Royalty Income Streams," Steven Karabin, president and CEO, The Rhino Group.

The webinars are free, but participants must register on the events page of the Penn State Extension natural-gas website at http://extension.psu.edu/naturalgas/events. It is important that registrants provide an email address to receive the link to the upcoming webinar.

Previous webinars, publications and information also are available on the Penn State Extension natural-gas website, covering a variety of topics, such as natural gas production and waste figures; oil and gas best practices; Act 13 (Pennsylvania's oil and gas law); the volume of gas in shale formations; seismic testing; air pollution from gas development; water use and quality; natural gas liquids; gas-leasing considerations for landowners; gas pipeline trends and right-of-way issues; legal issues surrounding gas development; the impact of Marcellus gas development on forestland; royalty calculations and decline curves; and reclamation of drill cuttings.

For more information, contact Carol Loveland at 570-320-4429 or by email at cal24@psu.edu .

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Last Updated May 09, 2014