Fayetteville Shale Land Farms was ordered to stop collecting wastewater from Fayetteville Shale drilling sites because it was improperly handling the water. More at The Morning News website.

Low energy prices and lack of credit access are two key factors holding back development of the new natural gas plays such as the Marcellus Shale, Haynesville Shale, Fayetteville and others. More details at The Oil Drum.

A PowerPoint presentation titled “Fayetteville Shale Play: Reducing Environmental Impacts” by Dr. Gregory J. Thoma of the University of Arkansas is posted at the Arkansas Conservation Alliance website.

John Thaeler, CEO of Southwestern Energy Company says that drilling for natural gas in the Fayetteville Shale remains viable even after the recent fall in natural gas prices.  Read more at RedOrbit.

The Fayetteville Express Pipeline is a joint project between Kinder Morgan Energy Partners LP and Energy Transfer Partners LP.  They are building a nearly 200-mile-long line to transport gas from the Fayetteville Shale to local distribution facilities.  More in Arkansas Business.

Some of the first properties leased in the Fayetteville Shale natural gas play in Arkansas are approaching their five year anniversary. Mineral rights owners are wondering about their options. More at ArkansasBusiness.com

British Petroleum America announced that they have purchased, for $1.9 billion, a 25% stake in the Fayetteville Shale natural gas assets of Chesapeake Energy Corporation. As Chesapeake acquires new property in the Fayetteville play, BP will have the option to purchase a 25% stake.

An article in the Arkansas Democrat Gazette tells about a proposed facility outside of Griffithville that is intended to accept the waste water from hydraulic fracturing of Fayetteville Shale natural gas wells. Issues raised by the facility are compared to experience with similar facilities that have long operated in Texas.

Southwest Energy reported their second quarter 2008 results. Their production from the Fayetteville Shale increased from 200 MMcf per day in 2007 to 500 MMcf per day in 2008.

The Arkansas Game and Fish Commission is leasing over 10,000 acres of mineral rights and 26,000 surface acres in Yell County and Van Buren County to Chesapeake Energy for about $29,000,000. More details about the transaction and the Game and Fish Commission’s decision to allow this at RedOrbit.com.

A 500-mile, $1.34 billion natural gas pipeline connecting Fayetteville Gas Shale deposits and destinations in Texas, Oklahoma and Arkansas has been approved by federal regulators. Details about the pipeline can be found in the Houston Business Journal.

Chesapeake Energy has recently sold portions of its holdings on large tracts of natural gas shale leases. ArkansasBusiness.com reports that a Chinese firm is interested in their Fayetteville Shale leases.

An article in Lancaster Farming has some colorful quotes from Dick Ehmann, a retired attorney who specialized in gas and oil leases. Read it to learn “Why God made black markers.”

In a recent announcement, Chesapeake Energy’s CEO, Aubrey McClendon, said that the company is worth $155 per share instead of the current market price of about 1/3 that amount. Here’s his valuation of their gas shale stakes per share of company stock:

Haynesville Shale – $30/share
Fayetteville Shale – $25/share
Marcellus Shale – $30/share
Barnett Shale – $20/share
Other Plays – $50/share

More information in an article on the BullishBankers website.

A new one-billion-cubic-feet-per-day gas pipeline is being built in Cleburne County to collect Fayetteville Shale natural gas from numerous wells and transport it to market. The full story is at TheSunTimes.com website.