As natural gas companies buy, trade and sell leases with one another, property owners often don’t know who might show up to inspect, survey or drill on their land. When renewal time arrives the property owner might be presented with a very different deal. More on the Post-Gazette.com website.
The Texas Army National Guard wants to buy 22,232 acres of land over the Eagle Ford Shale and owners of the land under consideration don’t want to sell because they want to keep the land for potential oil and gas royalties. More in the Houston Chronicle.
The Deep Carbon Observatory is an initiative dedicated to achieving a transformational understanding of Earth’s deep carbon cycle, including its poorly constrained reservoirs and fluxes, the unknown role of deep biology, and unexplored influences of the deep carbon cycle on critical societal concerns related to energy, environment and climate.
A few oil and gas companies have received shareholder resolutions calling for disclosure of risks associated with hydraulic fracturing. Some resolutions even specify field operating methods for the fracking procedure. More in an article titled “Investors Seek Disclosure of Fracking Oil, Gas Risks” at BusinessInsurance.com.
A study on the economic, legal, regulatory, and environmental issues related to development of the Marcellus Shale has been published by the West Virginia University College of Business and Economics, Bureau of Business and Economic Research.
Several landowners in Texas are going after Chesapeake Energy for promising to lease their Barnett Shale properties and then backing out of the deal. More on a Christopher Helman blog post at Forbes.com.