Ryan Lance, CEO of ConocoPhillips believes that the “shale boom” in the United States is just getting started, with several decades ahead.More at Denver BizJournal.
“A new study from the Bureau of Economic Geology at The University of Texas at Austin forecasts that one of the nation’s most productive shale gas basins, the Fayetteville Shale, will continue to be a major contributor to U.S. natural gas supplies for years to come, with economically recoverable reserves of 18 trillion cubic feet through 2050.” Quoted from The University of Texas at Austin press release.More at The University of Texas at Austin.
Lots of property owners who signed a lease in one of the natural gas shale plays are now receiving monthly or quarterly royalty payments. Many of these people were pleasantly surprised with the size of their first royalty check — but then shocked to see the size of subsequent checks fall rapidly. What’s happening?More at Geology.com.
Some people think that a few “sweet spots” are supporting most of the production in the oil and gas shale plays. They point to the huge annual production declines and speculate that the “shale boom” will not last very long.More at USA Today.
Royal Dutch Shell is in negotiations with Louisiana government to build a plant that would manufacture diesel fuel and jet fuel from natural gas. These products are currently made from crude oil and making them from natural gas would produce a cleaner…More at FuelFix.com.
Reports of rapidly rising natural gas production from the Marcellus, Utica and other shale formations, even while thousands of completed wells are waiting on pipeline, has some experts predicting a slowdown in drilling activity in anticipation of depre…More at WESA FM.
Although natural gas production from the Fayetteville Shale has declined steadily since January, 2010 there is still an enormous amount of gas in the ground. Low natural gas prices and the lack of natural gas liquids in the Fayetteville have made dril…More at Fairfield Sun Times.
USGS has released a report about groundwater quality and geochemistry for the Fayetteville Shale gas production area.
A goal of the report was to compare analyses conducted prior to natural gas development with those conducted after drilling and prod…
“Natural gas at the TCO Appalachia index has historically been priced about $0.25 per million British thermal units above Henry Hub. However, the spread between these two points in spot markets reflects rough parity now, and in forward markets TCO is priced less than at the Henry Hub.” Quoted from the Energy Information Administration website.More at Energy Information Administration.
“After decades of hydraulic fracturing-related activity there is little evidence if any that hydraulic fracturing itself has contaminated fresh groundwater. No occurrences are known where hydraulic fracturing fluids have moved upward from the zone of fracturing of a horizontal well into the fresh drinking water.” Quoted from the Association of American State Geologists statement.More at Association of American State Geologists.
The natural gas industry has prepared a movie, “Truthland”, that responds to the HBO movie “Gasland”.More at Truthland@YouTube.
The EIA Annual Energy Outlook 2012 report includes information about projected average production profiles for shale gas wells in major United States shale plays by years of operation.More at Energy Information Administration.
“The economic impact of natural gas production in the Fayetteville Shale has exceeded projections made in 2008, despite sharply lower gas prices and indications of lower expenditures in the area in 2012 than in 2011.”More at University of Arkansas.
“The chances of rogue fractures due to shale gas fracking operations extending beyond 0.6 kilometres from the injection source is a fraction of one percent, according to new research led by Durham University. The analysis is based on data from thousands of fracking operations in the USA and natural rock fractures in Europe and Africa.” Quoted from the Durham University press release.More at Durham University.
Rig counts in the Fayetteville Shale of Arkansas have fallen to their lowest level in six years.More at TheCityWire.com.
“Hydraulic fracturing of shale formations to extract natural gas has no direct connection to reports of groundwater contamination [...] many problems ascribed to hydraulic fracturing are related to processes common to all oil and gas drilling operations, such as casing failures or poor cement jobs.” Quoted from the University of Texas at Austin press release.More at University of Texas at Austin.
The EIA Natural Gas Weekly Update has an interesting graph that tracks the month-by-month dry gas production growth from various shale gas fields in the United States. For example, it shows that production from the Haynesville Shale started to increas…More at Energy Information Administration.
Many property owners are very surprised when the royalties that they receive from a natural gas well on their property decline sharply. They are learning about production decline curves.More at Geology.com.
An article in the New York Times reviews some potential rewards and problems that occur when a landowner decides to lease his property for oil and and gas development.
Related: Mineral Rights 
 http://geology.com/articles/mineral-rights.shtmlMore at New York Times.
More in the Houston Chronicle.
An injection well used to dispose of waste water produced by natural gas drilling in the Fayetteville Shale of Arkansas was thought to be causing hundreds of small earthquakes. The Arkansas Oil and Gas Commission voted to close the disposal well but c…More at NPR.
Arkansas has two significant natural gas plays in the Haynesville and Fayetteville Shales. A proposal to significantly increase the natural gas severance tax to 7% has some companies threatening to drill in other states.More at TodaysTHV.com.
The Baker Institute for Public Policy at Rice University has published a report titled: “Shale Gas and U.S. National Security”. “This study assesses the impact of U.S. domestic shale gas development on energy security and U.S. national security, with emphasis on the geopolitical consequences of rising supplies of U.S. natural gas from shale and the implications for U.S. foreign policy.” Quoted from the report summary.
Governor Mike Beebe of Arkansas answers questions related to natural gas drilling causing earthquakes, environmental problems and economic damage within the State of Arkansas.
A post on the Seeking Alpha blog details how successful Chesapeake Energy has been at rapidly leasing enormous acreages in all of the major natural gas shale plays in the United States. They author calls them a “land acquisition machine”.
An article on the ABCNews site reports that Chesapeake Energy hopes to sell $5 billion in assets during calendar year 2012. Included in the sale are all of Chesapeake’s holdings in the Fayetteville Shale in Arkansas.