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Permalink Reply by po boy on August 11, 2008 at 22:00

Also add Petrohawk to this list and many independent lease buyers. China will soon be
joining .Canada and the Netherlands are already in, Encana and Shell.

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Permalink Reply by Grice on November 17, 2008 at 3:11

Petrohawk Energy
5891 Highway 157
Haughton, LA 71037
(318) 987-3377

http://www.petrohawk.com

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Permalink Reply by Ben Eagle on November 17, 2008 at 9:00

Po Boy:
Why and how in the world would you say "China". No way, Jose. Somebody is blowing smoke. If you can vertify, please explain that wopper.........

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Permalink Reply by Coonman on November 17, 2008 at 10:42

This maybe where he got it from....


By Jasmin Melvin

WASHINGTON, July 30 (Reuters) - The United States has over 100 years worth of natural gas supplies, and forecasters have consistently low-balled the amount of the clean-burning fuel trapped in unconventional places like shale rock, an industry group said on Wednesday.

Total U.S. recoverable supplies amount to 2,247 trillion cubic feet, or 118 years worth of supply at current production levels, according to a report funded by the American Clean Skies Foundation and completed by Navigant Consulting Inc.

The foundation is chaired by Aubrey McClendon, the outspoken chief executive of Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz), the third-largest U.S. natural gas producer.

"The size of these shale gas deposits is so enormous that they can no longer be overlooked," said McClendon, whose company is making big bets in shale gas plays like the Barnett Shale in Texas and the Haynesville Shale in Louisiana.

More conservative estimates peg U.S recoverable natural gas supplies at 1,680 trillion cubic feet, or 88 years of supply.

But such estimates ignore the potential of unconventional gas production from shale, tight sands and coal-bed methane, said Rick Smead, co-author of the report and project manager for Navigant.

Forecasts from the U.S. Energy Information Administration "have been significantly outstripped by actual behavior," Smead said.

Shale formations, sedimentary rock found across the United States that makes natural gas, were once untouchable.

But new technology like horizontal drilling and fracture stimulation in recent years have "liberated enormous amounts of natural gas," McClendon said.

A conservative estimate for sustainable production from just the "big seven" shale plays is at least 27 billion cubic feet per day -- half of current total natural gas production, Smead said. But many unconventional natural gas plays, especially in the West, are off-limits to drilling because of a congressional ban.

McClendon's Oklahoma City, Oklahoma-based company is spending $13.5 billion on drilling and leases in 2008, with the aim of being the biggest U.S. natural gas producer in coming years.

Chesapeake is the third largest U.S. natural gas producer, behind BP (BP.L: Quote, Profile, Research, Stock Buzz) and Anadarko (APC.N: Quote, Profile, Research, Stock Buzz), according to first-quarter data.

Other U.S. natural gas producers like EOG Resources Inc (EOG.N: Quote, Profile, Research, Stock Buzz), have taken a more cautious approach to securing rights to drill in unconventional shale plays.

U.S. natural gas futures prices have fallen about 30 percent since the start of July, and settled at $9.248 per mmBtu on Wednesday. McClendon told Reuters he expected prices to hover in the $10/MMBtu range.

"I think somewhere in that $9 to $11 range with an average of $10 is a pretty good price," McClendon said.

McClendon also declined to comment on a rumor that China National Petroleum Corp might bid for a minority stake in Chesapeake's shale gas assets. (Reporting by Jasmin Melvin; Editing by Chris Baltimore and Christian Wiessner)

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Permalink Reply by Grice on November 17, 2008 at 11:08

Also, Encana holdings sold their acreage in Africa to CNPC International in 2007. With Encana holding a sizable amount of acreage in the HS, it would be possible for CNPC to work another deal with Encana, either as a complete sale or a joint venture.

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Permalink Reply by Coonman on November 17, 2008 at 10:49

HONG KONG, July 28 (Reuters) - China National Petroleum Corp (CNPC), China's top state oil firm, is thinking of bidding for minority stakes in shale gas assets of Chesapeake Energy Corp (CHK.N: Quote, Profile, Research, Stock Buzz), according to a local newspaper report.

Chesapeake is looking to raise as much as $5 billion this year from selling minority stakes in its Arkansas and Pennsylvania shale gas properties, the South China Morning Post reported on Monday, citing unnamed market sources.

Energy companies are spending heavily to lock up acreage in hot shale plays, where oil and natural gas are trapped in layers of rock. Record energy prices and technology such as horizontal drilling have made retrieving hydrocarbons from shale profitable.

Earlier this month BP Plc (BP.L: Quote, Profile, Research, Stock Buzz) agreed to buy 90,000 acres of Chesapeake's Oklahoma natural gas properties, currently producing about 50 million cubic feet of natural gas equivalent per day, for $1.75 billion in cash.

In the same week, Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research, Stock Buzz) agreed to spend about $5.9 billion to buy Canada's Duvernay Oil Corp (DDV.TO: Quote, Profile, Research, Stock Buzz) to boost its own production from tight gas.

But any large Chinese investment in the United States risks reopening the scars of a $18.5 billion bid by CNPC's stablemate CNOOC for U.S. oil firm Unocal in 2005, which failed after stirring up political opposition in Washington

There investors are building confidence again even with the falling prices of Natural Gas....CHK is Focusing on the HS more and more everday.
http://www.reuters.com/article/marketsNews/idINHKG8501520080728?rpc=44

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Permalink Reply by VSC DeSoto South on November 17, 2008 at 2:38

Is their a landowner contact number for SWEPI, not including local landmen?

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Permalink Reply by Grice on November 17, 2008 at 3:04

This is the information for their office in Red River Parish

EnCana Oil & Gas (USA) Inc.
Rt. 2, Box 2462, Hwy.786
Coushatta, LA 71019
Telephone: 318-932-8602
Fax: 318-932-8605
Mailing address:
P.O. Box 1457
Coushatta, LA 71019

http://www.encana.com

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Permalink Reply by Holly Lawrence on November 17, 2008 at 10:59

Please add our company to the List of Buyers...

Ilios Exploration, LLC
9467 Ellerbe Road
Shreveport, LA 71106
(318) 219-2464
www.iliosresources.com

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