The international trade in liquefied natural gas, or LNG, has collapsed, squeezing an important outlet for U.S. shale gasBy Ryan Dezember July 7, 2020 5:30 am ETNatural-gas prices have bounced back from the 25-year low reached late last month, but analysts and traders don’t expect them to go much higher—at least until it is time to turn on the heat.As other assets recover from the coronavirus meltdown and even…See More
Wall Street JournalBy Rebecca ElliottJune 28, 2020 3:58 pm ETChesapeake Energy Corp. CHK -7.28% said Sunday that it had filed for bankruptcy protection as an oil- and gas-price rout stoked by the coronavirus pandemic proved to be the final blow for a shale-drilling pioneer long hamstrung by debt.Co-founded in 1989 by the late wildcatter Aubrey McClendon, Chesapeake was…See More
"Castleton's acquisition of SWEPI Haynesville assets was announced in late December 2019.
From the Houston Chronicle Dec. 31:
Shell sells last of its Haynesville position
Royal Dutch Shell is officially moving out of the gassy Haynesville…"
"Funny how free market capitalism works until it does not. All those Eddie Chiles quoting, swashbuckling, tough individualists want a community and government to become all touchy-feely about their problems. To paraphrase Eddie: If you do not have a…"
Wall Street Journal Editorial Board / April 21Oil traders are storing crude in the expectation that they can get a higher price later, but storage capacity is running out. Traders who are long in the market are having trouble finding storage for delivery, so they have to sell at a firesale price. Meanwhile, the oil price for contracts due in June was $21.40 on Monday, and for August it was $29.15.Few traders actually take delivery on these contracts, so the tangible damage will be losses for…See More
April 14 - Kristen Mosbrucker / The Acadiana AdvocateThe future of a planned liquefied natural gas export terminal near Lake Charles is unclear after a deal for its parent company to be acquired was canceled. LNG Limited is an Australian company, which proposed building Magnolia LNG. It was slated to be taken private by investors in Singapore, but investors withdrew their bid to buy the company after its initial bridge loan fell through. LNG9, the company in Singapore, didn't secure the…See More
"The list from LOGA seem driven by operators in the coastal area of Louisiana. That's where most of the state lands are, and where, I think, nearly all of the environmental lawsuits are pending. Others on this site will know far more…"
Baton Rouge Advocate / April 7, 2020Energy producers may have to shut-in more than half the oil and natural gas wells operated in Louisiana, potentially reducing their workforce by as much as 70% over the next 90 days without emergency relief from an oil glut and price slump, an industry survey shows.The glut is being exacerbated by reduced demand caused the coronavirus and production increases by Saudi Arabia and Russia.The survey of 450 companies conducted by the Louisiana Oil and Gas…See More
Shares of gas-focused companies that drill in Appalachia are among the only U.S. energy stocks that have risen this monthRyan Dezember Updated March 25, 2020 4:42 pm ETTraders are backing off their bearish bets on natural-gas prices, stock buyers are flocking to the beaten-down shares of Appalachian producers and analysts are forecasting short supplies of the fuel next year unless those companies get back to drilling.All this comes with natural gas fetching its lowest price in a quarter-century…See More
"Wow, bring costs down to 53¢ to 67¢ per Mcf in 2020? No wonder we continue to see drilling in these times of depressed prices. And hedge prices for 2021 and 2022 in the upper $2 range? I suppose this is the new normal - lower prices,…"
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