"And I think its important to remember that while similar to a "cap and trade" type policy or other permitting restrictions, a carbon tax, properly implemented, is a fair market way to achieve a desired outcome, without mandating the…"
"A rational carbon tax, preferably revenue neutral through rebates or assistance to lower income folks is necessary for the long term health of the industry. A tax puts a value on carbon, in excess of current costs, and will promote…"
"I'm not disagreeing with this: "The major companies that have joined ONE Future have come to the conclusion that it is better to be seen as taking action as opposed to just ignoring climate change or claiming that the problem is of little…"
I'd appreciate it if you can post the segment of the article related to Haynesville companies lagging behind. Part of that may be due to how emissions are lumped in a given area. If you lump East Texas and North Louisiana…"
"Just adding to the thread. This person seems to think we are exporting about 4.7 Bcf/day and will approach 9 Bcf/day next year. That is essentially 5% of production today and 10% next year at this time. Frankly, I can't…"
"No - depending on the offset activity, the well from 2010 might have experienced a small bump in production. However, in Louisiana, wells in the same unit use the same LUW code. Most likely, that production value is the production for…"
"So, two things -
Supply in storage is well below the typical 5 year range as we near the end of "storage season" and transition to withdrawal season. That, in and off itself, is bullish for prices.
My friend at Panda didn't know anything beyond what was in the article. He's nearing retirement and I guess his mind is elsewhere. You know everyone directly and indirectly connected to the electrical power generation industry is watching this demonstration plant.
Are you still working in the Caddo Pine Island? If so Julie and I are bored and want to invite you to lunch one day while you are in transit through E TX.
Agreed. I'm always curious when I see significant condensate production. A majority of new wells that are profitable owing to liquids don't look especially impressive in their IP and production data because there is no btu value reported for the gas component. You might see an IP of 75 bbls of condensate and 4 MMcfd and think it an average well then see a report by the operator that the well is making 2,500 BOED. Most state reporting regs don't require specifics as to NGL production or btu per mcf of gas. Dry gas, such as Haynesville, may have a btu value of 0.95 while a good wet gas well may have a btu value of 1.15.
Doesn't make sense to me either, dbob. That's why I think it's likely inaccurate. Encana needs to concentrate on oil and liquids no matter where located. What I'm seeing in the TMS currently would lead me to believe they will have at least three rigs there sometime this year. If not, it doesn't bode well for the TMS play.
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