http://www2.macleans.ca/2011/03/02/175553/
Here is the shale section...NB clearly knows how to deal with it, and seems to be tackling it in a manner that involves common sense. Arkansas used to considered a very poor state, but is now balancing their budget and they seem to be doing extremely well because of shale revenues. I believe they picked Arkansas also because Southwestern Energy has been drilling in Arkansas for a long time now (5+ years) and they are also the in the lead in NB.
Alward also had extensive conversations with Mike Beebe, the governor of Arkansas about the development of oil shale:
Q – Over the weekend in Washington you met with the New England Governor’s Association, and had a meeting with the governor of Arkansas, Mike Beebe. What did you talk about?
A – New Brunswick has had recent exploration taking place and it looks very promising for development of shale gas. Because of that we have different companies working in New Brunswick. One of them is Southwest Energy which has a number of wells in Arkansas. Arkansas has been involved in shale gas for about a decade. We just had a delegation including three ministers and people within government departments and a conservation organization go to Arkansas to look at what is going well, what they have learned over the last decade, what can we learn to do things better, or to deal with issues as they come up.
This was an opportunity for me to sit down with the governor and get his view on shale gas development and what it has done for them, and see if there are ideas for the future if it comes to New Brunswick.
We also talked about their success in changing education results in Arkansas over the past five years and what the priorities were that they focused on.
Q—What was your main takeaway on the shale issue?
A—We are fortunate in New Brunswick that we are on the ground floor. I believe it will be very important to have a robust regulatory regime that provides clarity for developers and at the same time provide clarity and protection for communities and individuals on issues such as water. Quite frankly, the companies we have met with believe that having that clarity makes a lot of sense. That is the main takeaway I’ve had from it – that the opportunity for us is a game-changer – from an economic development point of view – and the importance of doing it in a responsible way.
Q—What was the main piece of advice from Governor Beebe?
A—The clarity in the regulatory regime was an important piece of advice.
Q—What are the timelines?
A— Exploration is taking place right now. I think we will have a sense of the viability as we go. I believe it will be 3 years before any major development takes place.
Q – Do you have an estimate on the size of the resource in New Brunswick?
A—Not at this point in time. But we believe it could be very significant. But in terms of the projected volume, I am not in a position to say.
