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Gas Shales: August, 2008



 



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British Columbia Natural Gas Lease Records


Sunday, August 31st, 2008

Lots of natural gas records are being set in British Columbia. An article in the Vancouver Sun says that provincial gas reserves are at a new high and a record $1.8 billion was collected from gas leases on provincial land.


Natural Gas: The Transportation Fuel of the Future


Sunday, August 31st, 2008

People in Utah are buying natural gas cars as fast as they can find them. The reason: these cars get a gasoline gallon’s worth of mileage for just 87 cents worth of natural gas. More in a New York Times article.


Major Oils and Natural Gas Shales


Sunday, August 31st, 2008

Some speculation at the Seeking Alpha blog about the major oil companies getting into the organic black shale natural gas business. This might happen through buy-outs or lease purchases as the small companies have a huge head start in acquiring the best acreage.


Horizontal Drilling for Gas Pipelines


Sunday, August 31st, 2008

Horizontal drilling is used in more than a natural gas production well. The companies that build gas pipelines are able to drill horizontal wells to install gas collection pipelines 20 or more feet below the surface – deep enough to avoid waterlines, sewers and other underground utilities. Here’s an article telling one story near Fort Worth.


Natural Gas Discoveries Boost the Energy Sector


Thursday, August 28th, 2008

Natural gas production is up 9% this year after a steady production decrease since 1984. The turning point was the discovery of the new shale gas plays such as the Barnett, Marcellus, Haynesville, Fayetteville and others. More on this story at MoneyMorning.com.


New Albany Shale Lease Exchange


Thursday, August 28th, 2008

Aurora Oil & Gas Corporation traded acre-by-acre a large number of New Albany Shale leases in an effort to optimize their holdings. The trading partner in this deal was not mentioned. See the report at YourOilAndGasNews.com.


Water Challenges for Hydrofracing the Marcellus Shale


Thursday, August 28th, 2008

This article has a great photo of the water lines used on one Marcellus well in Dimock Township, Susquehanna County. The subject of the article is the water challenges faced by drillers who are managing wells in the Marcellus Shale of Pennsylvania.


Legal Advice for Marcellus Shale Property Owners


Thursday, August 28th, 2008

A Penn State Cooperative Extension seminar contained some interesting advice from an attorney to property owners about natural gas leases and royalties. Details at the CitizenVoice website.


Gas Shales in Europe


Tuesday, August 26th, 2008

The United States is leading the way in developing its natural gas from shale resources. An article at the redOrbit website says that the gas rush mentality is just starting to hit Europe. The article reports on a six year study that is just getting started. Most likely an expert on the stratigraphy of Europe could count the best deposits on his/her fingers today.


Shale Gas to LNG for Export


Tuesday, August 26th, 2008

The Fort Worth Business Press has an artilce “The Business of Change“. Perhaps the gem in this article is a story that Freeport LNG (liquified natural gas) has been importing natural gas INTO the United States for years. Now they have filed a request to EXPORT the commodity.


Marcellus Shale Wastewater Plants


Monday, August 25th, 2008

In May, 2009 wastewater facilities must obtain special permission to accept water from Marcellus Shale drilling operations. There are a few facilities in Pennsylvania which are specifically designed to treat the water but they have a combined capacity of a few hundred thousand gallons per day. More are needed to treat the volume of water that will be produced from the thousands of wells that will be drilled. More information in TheDailyReview.com.


Shale Gas Drilling Boom Will Be Good for America


Monday, August 25th, 2008

A positive article on the current drilling boom in shale gas was published in the New York Times. It could lower the cost of US utility bills and make our energy-intensive industries more competitive, among other things.


Pennsylvania Was “Unprepared” for the Marcellus Shale


Sunday, August 24th, 2008

The Marcellus Shale took most of the natural gas industry by surprise as its potential was recently realized so it is not too surprising that state government was surprised as well. Now they are playing “catch up” and are looking at some aggressive action on environmental fronts. more in the Times-Tribune.


Haynesville Shale Earns Louisiana $100M


Sunday, August 24th, 2008

According to an article at TheAdvocate, the state of Louisiana will earn nearly $100 million from the Haynesville Shale this month. Next month will be another big one as 11,000 acres of state land go up for lease.


Employees for Developing the Marcellus Shale Gas Field


Saturday, August 23rd, 2008

Thousands of wells will be drilled in Pennsylvania within the next few years to tap the natural gas in the Marcellus Shale. Workers will need skills to fill these jobs. Lacawanna College is launching an oil and gas technology program to produce skilled workers for this industry. More at the Times-Tribune.com.

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