As seen in the Houston Chronicle, November 29th
Chesapeake Energy Corp., an independent producer of natutal gas, fell 15 percent Friday after saying late Wednesday it may sell nearly $2 billion of shares to finance projects and acquisitions. Shares of Chesapeake, based in Oklahoma City, dropped $3.06 to $17.18 Friday, erasing Wednesday's 11 percent gain. U.S. markets were closed Thursday.

Also, a couple of days ago someone on this site mentioned something about the stockpiling of pipes and seeing trucks lined up to load these pipes.....There was an article in the Houston Chronicle, November 29th, entitled: WHERE PIPELINES BEGIN: Natural Gas projects keep Baytown (TEXAS) steelworks busy. There is a VIDEO: See steel being turned into pipe at JSW Steel (An Indian company--Jindal Group).
The video site is as follows: Chron.com/business
It seems that recently the pipes being made will carry natural gas from unconventional sources, in this case shale formations in Texas, Arkansas, and Oklahoma. This particular article is interesting.

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Tuscaloosa Trend Sits On Top Of Poorest Neighbourhood For Decades - Yet No Royalties Ever Paid To The Community -- Why??

In researching the decades-old Tuscaloosa Trend and the immense wealth it has generated for many, I find it deeply troubling that this resource-rich formation runs directly beneath one of the poorest communities in North Baton Rouge—near Southern University, Louisiana—yet neither the university ( that I am aware of)  nor local residents appear to have received any compensation for the minerals extracted from their land.

This area has suffered immense environmental degradation…

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Posted by Char on May 29, 2025 at 14:42 — 4 Comments

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