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Natural Gas Price Market Slowly Recovers Amid Worst Recession Since 1931

The worst recession since 1931 continues this Spring-Summer 2009. Energy markets have recovered somewhat from crude oil prices falling into the upper 30 dollar range per barrel several months ago. On June 15, 2009, the energy markets showed the following:



Natural Gas : Natural gas for July delivery jumped 32.5 cents to settle at $4.182 per 1,000 cubic feet. For June 16, natural gas for July delivery fell 7 cents to settle at $4.312 per 1,000 cubic feet.



Crude… Continue

Added by weatherman on June 15, 2009 at 14:00 — 1 Comment

Fracking: The Next Agent of Global Crises

First drinking water, now earthquakes? Truly becoming a "nuisance" for all seasons. Fracking may need an image makeover before this is all done. Maybe a new & younger woman by its side.



"At issue is a drilling practice called "fracking," in which water is injected into the ground at high pressure to fracture the layers of shale and release natural gas trapped in the rock. There is no consensus among scientists about whether the practice is contributing to the quakes. But such… Continue

Added by Keith Mauck (Site Publisher) on June 12, 2009 at 9:00 — 13 Comments

American Energy Act

Washington, DC -



Fleming is co-sponsoring this.



American Energy Act:



Renewable Energy



· The bill creates a Renewable and Alternative Energy Trust Fund to provide funding for energy programs authorized by federal law, such as biomass, hydroelectric, clean coal, solar, wind, geothermal and other forms of renewable energy. The fund will encourage the development of renewable, alternative and unconventional fuels, and new energy sources, using… Continue

Added by Keith Mauck (Site Publisher) on June 11, 2009 at 11:03 — No Comments

It's close to time for companies to renew sec. leases

It's getting close to the time where O & G companies to renew their land leases, especially with municipalites,levee districts and whole sections. If anyone has any info. please let GHS members know. I know of one that is up in October north of town. Joe

Added by Joe Dyer on June 10, 2009 at 19:30 — 1 Comment

Obama: "We have a lot to learn from Brazil" - Ok then, let's learn it.

See video - at least the first minute.





I definitely agree. Let's follow Brazil's 2 prong energy policy. Sounds good to me.



- Neither the Brazilian government nor state-run Petroleo Brasileiro SA (Petrobras) is willing to stop producing oil and natural gas or to decrease output. Petrobras produces 1.9 million b/d of oil,… Continue

Added by Keith Mauck (Site Publisher) on June 3, 2009 at 4:30 — No Comments

Featured Shaler: Dorcheated A1

Dorcheated when he was just a lad..



The name your Daddy gave you? Patrick Sean Meredith



How'd you come up with that profile name? I felt like the O&G's where cheating people on their bonuses, and I live on Dorcheat. Hence my name Dorcheated.



Your history? I was born in Colorado Springs Colorado, but my dad got stationed at Barksdale AFB when I was three months old, and I have lived here ever… Continue

Added by Keith Mauck (Site Publisher) on May 28, 2009 at 2:30 — 9 Comments

Elwood Mead, where are you when we need you?

As some of us realized early on in the Haynesville Shale play, environmental issues would soon begin to surface. The environmental group in the back pages of GHS was formed early on even if mostly ignored. Currently at issue seems to be our water supply ... the aquifers, the watersheds, the waterways & lakes.



Recently continuing my search for information, I dug up the Selected Writings of Elwood Mead. And there I got immersed, although not necessarily for baptismal purposes, for… Continue

Added by sesport on May 26, 2009 at 17:15 — 8 Comments

Water Resources, Water regulation & the Haynesville Shale - by ALL Consulting (Part 3 of 3)



Guest Authors: Brian Bohm, P.G., ALL Consulting; Teri S. Holmes, M.S., ALL Consulting



Water Resources



Water is a necessary component of the hydraulic fracturing process and is utilized in significant quantities, usually several million gallons for a horizontal well to be completely drilled and fractured, although the amounts will vary depending on the well and geological characteristics of the formation… Continue

Added by Guest Columnist on May 26, 2009 at 4:59 — No Comments

Haynesville Shale Primer - The Haynesville Shale (part 2 of 3)



Haynesville Shale—A Primer

Guest Authors: Brian Bohm, P.G., ALL Consulting; Teri S. Holmes, M.S., ALL Consulting





The Haynesville Shale

Encompassing approximately 9,000 square miles in northern Louisiana and eastern Texas, the Haynesville Shale has an average thickness of 200 feet to 300 feet. Current predictions for the Haynesville Shale have 251 Tcf of technically recoverable resources with a total… Continue

Added by Guest Columnist on May 21, 2009 at 4:00 — No Comments

A Haynesville Head-Scratcher

Didn't see this coming....





On Friday, Canadian media reported that EnCana (NYSE: ECA) and its partner Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B) were looking to farm out over 130,000 acres of their Haynesville shale position to a partner. I don't blame you if you're confused by the move.



Just the other week, EnCana decided to pour more dollars (freed up by sagging service costs) into the Haynesville play. On the conference call, management identified the play as… Continue

Added by Omar Rodriguez on May 17, 2009 at 11:24 — 2 Comments

RESULTS of the Producers Poll - Who Can Drill Your Property?





IF YOU HAVE ALREADY VOTED - TELL US WHY. COMMENT section now enabled... GO HERE



Results after 580 votes. These are IP votes. Each IP gets one vote.



28% - Petrohawk

22% - Chesapeake Energy

10% EnCana

10% Devon Energy

5% Shell



VOTE… Continue

Added by Keith Mauck (Site Publisher) on May 19, 2009 at 2:00 — 5 Comments

Sign GHS's Petition



"As landowners, mineral owners, oil and gas professionals, and concerned citizens, we respectfully ask Congress to maintain fiscal policies that encourage domestic exploration and to NOT add hurdles, in the form of additional taxes & fees, to our domestic energy industry. America needs policies that encourage domestic exploration and prompt the pursuit of our own abundant energy resources."…



Continue

Added by Keith Mauck (Site Publisher) on May 4, 2009 at 8:00 — 5 Comments

Drilling - Spider Field - Sec 32-12N-13W

New drilling started 2 weeks ago by St Mary's Land & Exploration. They have 4 permits to drill in the same hole. Has anyone had success with this particular… Continue

Added by Pr. Lester Hughes on May 9, 2009 at 12:00 — 1 Comment

State to Review Haynesville Shale Unitization

Many of you have noticed the billboards around Shreveport posted by our "fairdrilling" group. Many are aware of our mission: to influence our state to enforce our state law on drilling units (Title 30:9) and to craft a new unitization system, specifically for the Haynesville Shale, that will protect property rights and be fair to everyone. Progress is being made! For details please visit: www.fairdrilling.com and go to "Letters from State."…



Continue

Added by Andrew Walker on May 7, 2009 at 12:13 — 2 Comments

The Cost Hurdles of Unconventional Gas



This is some additional info from Austin's coverage of DUG2009. I wanted to be sure to get it posted. Keith "Haynesville"



The Cost Hurdles of Unconventional Gas

Speaker: Sabash Chandra, Managing Director, Jeffries & Co.



-Removing shale oil and gas is not an easy task. There are several variables that an operator must consider when making decision on the economic viability of an unconventional play.… Continue

Added by Keith Mauck (Site Publisher) on April 17, 2009 at 10:00 — No Comments

The Natural Gas session at the EIA Energy Conference

I have posted a series of reports on the presentations at the EIA Energy Conference this week at Bit Tooth Energy , which is my main posting site. However this is the report on the session that was held on Natural Gas .



Following the coffee break the meeting broke into two sessions, one that dealt with the future of transport demand, and one on the… Continue

Added by David Summers on April 9, 2009 at 18:14 — 1 Comment

The Gas Glut and the Pickens Plan



Part 2 of 3 in a series covering the 2009 Developing Unconventional Gas Conference

By Austin Eudaly



Currently, we are seeing what is being commonly referred to as a natural gas glut in the US. Today, we have an over abundance of supply, and a not so copious demand. Thomas Gardner, Director for Simmons & Co. International discussed the causes… Continue

Added by Keith Mauck (Site Publisher) on April 10, 2009 at 5:54 — 6 Comments

BP Vice President DIscusses the Haynesville Shale



Developing Unconventional Gas Conference 2009

April 8-9, Fort Worth, TX

By: Austin Eudaly



Exploration and production companies from across the globe gathered in Fort Worth, Texas over the past two days for the 4th annual Developing Unconventional Gas (DUG) Conference presented by Hart Energy Publishing. The list of companies in attendance read like a “who’s who” in today's US shale exploration industry. What better place… Continue

Added by Keith Mauck (Site Publisher) on April 9, 2009 at 11:00 — 3 Comments

Minerals and Royalty: Or, What Did I Just Sell to That Guy?

Now that NAPE has been over for a couple of weeks, and the hangover(s) and short week after Mardi Gras has come to an end, I figured I would address a topic that has come up on more than a few occasions in various discussions on GHS, and seems to have been revived again in the wake of the latest mass mailings from mineral and royalty brokers.



I should probably mention here that my area of discussion, and the state in which I predominantly work is Louisiana. No knocks to the Texas and… Continue

Added by Dion Warr, CPL on February 28, 2009 at 11:30 — 3 Comments

Haynesville Shale Continues to Shape Congressman Fleming's Role in DC



FROM CONGRESSMAN FLEMING'S OFFICE



House Republican Leadership Taps Congressman Fleming to Join American Energy Solutions Group



WASHINGTON, DC—House Republican Leader John Boehner (R-OH) and Conference Chairman Mike Pence (R-IN) announced today the appointment of Congressman John Fleming to the House GOP American Energy Solutions Group. This group of House Republicans is tasked with crafting Republican solutions to… Continue

Added by Keith Mauck (Site Publisher) on April 1, 2009 at 6:30 — 1 Comment

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The Lithium Connection to Shale Drilling

Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…

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Posted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40

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