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Permalink Reply by dbob on February 10, 2012 at 11:09

bump

 

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Permalink Reply by Hopeful About Natural Gas on February 10, 2012 at 12:42

After you get past the sound and fury the regulations on Federal lands don't sound all that bad to me.  The vast majority of taxpayers want fracking fluids disclosed.  The well casing regs don't sound that onerous either. However, I don't work in the field.  How much realistically would that hamper producers?

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How much different are these new fracking rules than those proposed in Texas?

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Under the draft proposal:

• Thirty days before operations begin at a proposed well, the operator must submit a report that includes the ingredients of the fracking fluids, the origins of the water being used and a fluid treatment plan.

• Operators will have to disclose all additives in the proposed fracking fluids, including the additives’ trade name and purpose. The report must also disclose “the complete chemical makeup” of all materials used in the fluids.

• Operators will be required to test well casings to “the maximum anticipated treating pressure.” The test will be considered successful if the casing can sustain the pressure for 30 minutes with no more than 10 percent pressure loss.

• The operator must also record the pressure in the area between the pipe and the casing and submit a log of that pressure to Interior. An “authorized officer” must be notified within 24 hours if the pressure increases by more than 500 pounds per square inch, and a report on the incident must be submitted within 24 hours.

• All recovered fluids must be stored in tanks or lined pits, but officials can also require “additional measures to ensure protection of wildlife or other resources.” Operators will also be required to provide a proposed plan to handle and dispose of flowback fluids, as well as an estimated volume of fluid they expect to recover.

http://naturalresources.house.gov/Blog/?postid=278317

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Permalink Reply by Two Dogs, Pirate on February 10, 2012 at 13:01

The feds are stupid. They worry about all that crap then  will turn around and grant a lease for 10 years paid up term with 1/8 royalty for $4.38 per  acre bonus.

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Permalink Reply by Two Dogs, Pirate on February 10, 2012 at 14:37

sesport I ain't gonna read all that stuff because it would make me want  to puke. My post is true it is the real deal of a fed gov OGML in DeSoto Parish. If I remember correctly the property was West of Mansfield and South of Hwy 84. I can't remember if the total acerage was 40  or 80 but if it was 80 acres you can cut the above mentioned bonus in half. This property belongs to me  and you and all US citizens. Do you want someone to negotiate your lease that isn't concerned about the money or Pugh Clauses? Would you grant a lease for 10 years paid up with 1/8 royalty for $4.38 or $2.19 per acre bonus? We are getting screwed and someone at BLM is probably getting something under the table. The feds would be better off if they let Louisiana DNR negotiate for them but we know that will never happen. If all they want is discloser of stuff in frac fluid and casing pressure tests then that should be a no brainer for O&G, as long as the previous terms dictate the lease.

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Permalink Reply by Sum1NSabine on February 13, 2012 at 17:12

I think I would take a look at the press releases such as the one attached before making such a statement.  Looks like the State takes home a good piece of the pie.  Other press releases concerning other open bid sales are available @ es.blm.gov.

Attachments:

• Press Release for June Sale.pdf, 76 KB

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Permalink Reply by dbob on February 11, 2012 at 7:34

FYI, the water source is already coming up and BLM typically wants to know how the water will be handled.  Their O&G folks are smart enough to know what is in the water.  

The only new things appear to be pressure testing the casing - that may be a good thing and is probably not particularly expensive once you've got pressure pumps on the site.  The other, is of course, monitoring the pressure.  IMHO, fairly reasonable, but most of the change is for PR.

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