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Gas Shales: May, 2009



 



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Is the Next Natural Gas Play in North Carolina?


Friday, May 15th, 2009

Although North Carolina has no current oil or natural gas production, drilling methods developed in other states might be used to tap natural gas reservoirs in Mesozoic basins beneath several North Carolina counties. The Cumnock Formation of the Deep River Basin and the Cow Branch Formation of the Dan River Basin both contain organic-rich shales that might yield commercial quantities of natural gas. More at Geology.com.


Pennsylvania State Government: 37 New Natural Gas Employees


Friday, May 15th, 2009

John Hanger, the newly appointed Pennsylvania Department of Environmental Protection Secretary reports that 37 new employees will be hired to respond to natural gas activities in the state and allow most permitting functions to be served by a single agency. See RiverReporter for more details.


Severance Tax and Property Tax on Natural Gas?


Friday, May 15th, 2009

The Commonwealth of Pennsylvania is having budget problems similar to every other state – and they are looking for ways to raise revenue. This article on “The Bulletin” website explores two proposals related to gas shales: 1) severance taxes and 2) property tax.


Water Resources and Natural Gas Production from the Marcellus Shale


Wednesday, May 13th, 2009

A new USGS Fact Sheet: “Water Resources and Natural Gas Production from the Marcellus Shale” provides an overview of the Marcellus Shale gas play with an emphasis on the environmental impact on water resources.


Large Gas Field in the South China Sea


Tuesday, May 12th, 2009

Husky Energy has drilled a 150 million cubic feet per day well in the Liwan Natural Gas Field in the South China Sea. The field is thought to contain four to six trillion feet of gas. More in the Calgary Herald.


Should Power Plants Run on Coal or Natural Gas?


Tuesday, May 12th, 2009

“What would happen if the United States stopped building coal-fired power plants?” The short answer: “more electricity is generated using natural gas” – but the longer answer might surprise you. An article on ScienceMag.org investigates.


Articles on Mineral Rights, Leases, Royalties & Taxes


Tuesday, May 12th, 2009

Mineralweb.com has several articles related to mineral rights, oil and gas leasing, royalties, taxes and more.


US & Canadian Shale Gas Disarm the “Energy Weapon”


Tuesday, May 12th, 2009

“Rising shale gas production in the United States and Canada as well as potential natural gas supplies from Iraq could be pivotal in curbing Russia’s ability to organize an “energy weapon” against European consumers, according to a new study released today by Rice University’s Baker Institute for Public Policy.” Quoted from the Rice University news release.


Colorado Law Requires Downhole Chemical Inventory


Monday, May 4th, 2009

In some states where hydrofracturing is used to stimulate natural gas production many people are concerned that the chemicals used are considered to be “trade secrets” and not released. A new law in Colorado requires an inventory of each chemical used downhole during drilling, completion, and workover operations in amounts exceeding 500 pounds. More at the Oil and Gas Journal.


Drilling Chemicals and Contamination of Shallow Ground Water


Sunday, May 3rd, 2009

Companies that employ hydrofracturing as a method of stimulating deep natural gas wells take many precautions to contain any chemicals or waters used in that work. There are also no clearly documented cases of those fluids contaminating shallow ground water. However, there are plenty of anecdotal reports of water supply problems in areas where active hydrofracturing has been done. An article on the Reuters website explores this topic for an area of Pennsylvania.


Oil and Gas Groups Blast Pennsylvania Severance Tax


Saturday, May 2nd, 2009

The Pennsylvania Budget and Policy Center released a report supporting a severance tax on natural gas production in Pennsylvania. Industry groups pointed to numerous flaws in the analysis and said that while wellhead prices are at just $3.32 per mmbtu a severance tax would knock many marginal wells out of production and result in lost jobs. More at PRNewsWire.com.


Range Resources Orders Six Rigs


Saturday, May 2nd, 2009

As part of a report on first quarter income, which was up sharply, Range Resources reported that they have ordered six rigs custom designed for drilling in the Marcellus Shale region. They plan to drill sixty wells this year. More at Forbes.com.

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