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Permalink Reply by Parkdota on June 28, 2011 at 6:14

Aubrey McClendon makes some good points.  Also, how can one have a "bubble" if the shale gas is in it's embryonic stages?  It would be like the real estate industry screaming bubble during construction of the 1st built homes....ever.

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Permalink Reply by Bill Meaney on June 28, 2011 at 9:44

Here's a new letter to the NYT.

 

 

Attachments:

• Letter_to_the_Editor_of_the_New_York_Times.pdf, 736 KB

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Permalink Reply by Skip Peel - Mineral Consultant on June 28, 2011 at 9:50

Bill, Mr. Darden writes an excellent letter.  Thanks for posting it.

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Permalink Reply by Clyde T. Williams on June 28, 2011 at 10:17

Darden like the NYT and others all have vested interests for whatever purposes.

Yeah the NYT apparently doesn't know much about a well and its working, reworking, redrilling, slants, directionals, and horizontals...BUT everyone is starting to suffer from the $4+ gas and California can't take it all...we are still using cheap coal in Arizona and Utah and can't store much.

 

I don't like the ways that the Feds and many states respond to concerns and complaints of leasors when the bad driller get sloppy...ultimate DWH in GOM and we have had a few blowouts requiring evacations and dam failures...some gas companies have had to buy out houses because of old or bad wells. 

 

What are we interested in good driller doing a good job and being open with the leasors and neighbors.  Yeah the fracking is "unconventional" or "extreme" and may use 10+Kpsi which very few people have any or even a little experience with...consider that BP was dealing with >2000psi at the seafloor and another >6000psi in the play before it blew... Unconventional drilling requires unconventional communications and cooperation with all associated - not the typical secretive aqpproaches of some cowboy operations when you can kill people.  I had to deal with a blowout from another operation overpressuring the field and 22 people in the hospital and several blocks evacuated for three days...in LosAngeles.

 

Why can't everyone just get the same pages and work together??  Thanks for all of the web pages...gives me something to do before I take my nap...

 

Tom (C.T.Williams)

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Permalink Reply by Joe Aldridge on June 28, 2011 at 10:13

Les B,

Great Post!!!!!!!! I agree with both the McClendon and Exxon articles. I did not read any further. The problem is they don't have the publication power that the NYT has. The information that they state is good but does not have an audience or readership. Once something like this is printed it plants a seed in the public's mind that is hard to overcome with facts. The only way to get this back to reality would be to have the NYT and the publication of this article investigated for some possible criminal intent on there part. To me It seems this article is an attempt to attack the honesty and information that is required by the SEC from these public companies in the estimating of their reserves. This creates doubt about that information and thus may manipulate the price of the stock and value of these companies. I don't see an investigation of this type happening with this President, his administration or even the SEC. 

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