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Permalink Reply by Hopeful About Natural Gas on December 24, 2011 at 3:17

Interesting. We are getting lots of foreign investment ("ownership") of our shale gas.  I'd like to see what the percentage is of foreign ownership just out of curiosity.  We have China, Australia, South Africa and several other companies I can't remember.  Old timers would sure be shocked.

I'm not jingoistic, it's a realativly free market and if foriegn companies want to bail out our US companies then that's good.  But, I'd be interested in others thoughts and if the overseas ownership has made any changes in operations on the ground.

Have a good holiday.  I'm up early getting the house ready for my wife's family to come over (groan).

HANG ...

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Permalink Reply by JHH on December 25, 2011 at 14:40

I found this quote interesting since we have not heard much lately about going below shale rock for oil.

 The tracts go by the tags Extension Mississippian and Original Mississippian and aren’t household names–yet–but that was the case, too, for plays such as Haynesville and Marcellus that are now synonymous with the surge in oil drilling through underground shale rock.

but could just be reading too much in it too.

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Permalink Reply by MLE on December 27, 2011 at 7:39

This is not a shale play, it is the Mississippi Lime which has been producing in these areas for 75 years in some cases. It's a household name in Northern OK/Southern KS. The reason it's attracting foreign investment is because companies like Sandridge and CHK are now drilling the formation horizontally and achieving excellent production rates.

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