Replies to This Discussion

Permalink Reply by The_Baron on November 17, 2008 at 4:59

True, but the higher the n.g. price the more money in the budget for leasing, as well as more pressure from investors to increase leaseholds and drilling.

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Permalink Reply by The_Baron on November 17, 2008 at 5:01

All part of the Boom bust cycle,

low supplies => High prices => More drilling => Oversupply => Low Prices => Not much Drilling => Low supplies

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Permalink Reply by Antsu-in-Japan on November 15, 2008 at 5:00

I just read about CHK teaming up with a European company (from Sweden maybe?) in regards to drilling US gas. Does anyone have any specifics regarding this partnership?

Also, are there any national or local laws that prohibit foreign companies from drilling in our shale...OR can anyone compete when it comes to leasing in the area?

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Permalink Reply by Grice on November 15, 2008 at 5:47

The company is called Statoilhydro. After the joint venture is finalize, statoilhydro will own 32% (600,000 acres) of Chesapeake's leaseholds in the marcellus shale areas.

http://www.wayneindependent.com/news/x776446194/Chesapeake-joins-wi...

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Permalink Reply by Snake Stewart on November 15, 2008 at 5:48

Group out of Austrailia, (Pryme) has already teamed with Nelson Energy on a project or two so I dont think there are many rules in place regarding the foreign drillers on private lands. I believe there may be some in place regarding public lands but I cant swear to it. I believe Mr. Krow may have eluded to such in a discussion the other night.

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Permalink Reply by Antsu-in-Japan on November 15, 2008 at 6:25

Thanks Grice and Snake S. Both foreign companies mentioned have partnered with an American company. Has there ever been a foreign company come in and do it alone that you are aware of? I figure US companies would fight such a move with everything they have...

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Permalink Reply by Grice on November 15, 2008 at 7:17

The "Burmah Oil Company" is one foreign company who has been drilling on domestic soil for years.

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Permalink Reply by Antsu-in-Japan on November 15, 2008 at 20:29

Thanks Grice!

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Permalink Reply by Antsu-in-Japan on November 15, 2008 at 20:24

Thank you for that info, Jim Krow. I figured there had to be some kind of restrictions, otherwise a lot more foreign companies would be stirring in the shale.

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Permalink Reply by The_Baron on November 17, 2008 at 5:03

These regulations won't prevent a foreign corp. from buying leases from private citizens. Besides, they could always partner up with a domestic corp. anyway.

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