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Studies indicate shale gas development is “climate-friendly, environmentally safe and economically stimulating”

Jan 06, 2015

The shale oil and gas revolution has helped to transform North America into what some experts have called an “Energy Colossus,” bringing lower energy prices for consumers, cleaner air, new family-sustaining jobs, landowner royalties, and tax revenues for local, state and federal government, while making North America more energy secure.

It’s also brought a lot of questions, particularly for those who may not be as familiar with the oil and gas industry and the men and women who work in it.Studies

There have been countless studies conducted over the years and data that supports this industry is safe and providing enormous benefits. Perhaps best summarized by the United States Secretary of the Department of Energy said “Fracking for natural gas is climate-friendly, environmentally safe and economically stimulating.”

Further, a former United States Secretary of the Department of the Interior said that “The average American citizen needs to be well informed about what hydraulic fracking is, and the fact that it can be done safely.”

As stated in Range’s Corporate Responsibility report:

“Range understands the importance of scientific data and third party studies to aid in the discussion of natural gas development across the United States. Range participates in a number of efforts aimed at best practices and transparency, including data collection and studies by federal and state agencies, accredited universities, peer companies, environmental groups and industry trade groups. Fact based, objective scientific data is the key to clearly understanding the energy industry from a regulatory and public perspective.”

To better help stakeholders form their own opinions about this industry; Range has compiled nearly 200 studies from regulatory agencies, independent experts, industry sources, and studies that have highly questionable and negative commentary on the industry in one place. Those studies can be found here.

Additionally, the Company has compiled key commentary and takeaways from a broad array of international and regional experts on various matters associated with this industry. Those remarks can be found here.

While Range respects and appreciates the diverse opinions that many share about this industry, perhaps these issues have been best summarized by the United States Secretary of the Department of the Interior, “I know there are those who say fracking is dangerous and should be curtailed, full stop. That ignores the reality that it has been done for decades and has the potential for developing significant domestic resources and strengthening our economy and will be done for decades to come."

The enormous positive opportunity that shale oil and gas means for North America is simply too important to not get right, which is why scientific study and an ongoing dialogue with stakeholders clearly aligns with Range’s Core Values.