"So after reading all of the comments here I am wondering what will happen with our wells that the permits are filed for. They brought a rig in back in May and drilled for a week or so and loaded up and left. I think most of us have a…"
"Building on Skip's comments, attached are two PDF's - BP leases filed in Angelina Co over past 60 months (some as recent as a couple of months ago) and 25 Haynesville permits filed in the past year.
BP isn't walking away from this…"
Short term solution to the Waha glut would be finishing the infrastructure builds to the gas-fire plants in Mexico. It'll also relieve supply constraints to have extra capacity feeding Corpus LNG as well. Petrochem synthesis…"
"PS to my note above:
The 2 BCF per day of flaring is not just the Permian Basin - it is the combined flaring from the Permian Basin and Bakken Plays (North Dakota). Note that this will normally be very high NGL yield gas (i.e. 100 to 300+ bbls NGL…"
"No operator (and this one is OXY) will enter into an area for expensive horizontal drilling with the concept of not getting any revenue off of the gas stream. The Board of Directors would be thrown out for such planning.
The massive drilling efforts…"
"Gas vs oil wells depends where you are in the Permian Basin - and varies in both the Midland and Delaware Basin. Well types go from oil with very little gas to gas wells with hardly any oil.
I saw a news items last month that over 2 BCF of gas PER…"
"Could be worse - I just saw a revenue statement from the Delaware Basin where the gas is not being paid for at all (at least it wasn't a negative price). But the gas is still being produced so as to extract the NGL's at the plant and get…"
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More