Lots of people have leased their acreage for potential gas drilling and are curious about how much their royalties might amount to. We now have a tool to estimate gas royalty income based upon a few assumptions. You just type in your royalty rate, an assumed natural gas wellhead price, an assumed well production rate, the number of acres in the production unit and the number of production unit acres that belong to you – then push a button.

Chevron continues to find more natural gas off the northwest coast of Australia with two wells in the Carnarvon Basin. These fields are close to their Gogron LNG terminal. (See press releases from August 12 and 16.)

Who owns the mineral rights beneath your property? That can determine what drilling companies can do and what rights a landowner has when drilling begins. More in an article on the ArkTimes.com website.

Westmont Resources Inc. will acquire 92 wells in the Chattanooga Shale of Scott County and Morgan County, Tennessee that are presently owned by Domestic Energy Corp. This announcement reveals some information about the Chattanooga and the wells that have been drilled. More at the Oil and Gas Journal.

Talisman Energy is increasing its activity as a producer of natural gas from shale with growing production in the Marcellus Shale and several wells drilled in the Utica and Montney Shales.

According to TradingMarkets.com, Reliance Industries has a new deal to buy $1.3 billion in Eagle Ford Shale assets and in April paid $1.7 billion for Marcellus Shale assets.

An article on The Motley Fool website reports that despite low natural gas prices Encana has a healthy cash flow and aggressive plans to double their gas production over the next five years.

Here are some clips of unnarrated YouTube video that show scenes from the Huntley and Huntley natural gas well fire that occurred near Indiana, Pennsylvania. This accident involved a conventional well that was not drilled into the Marcellus Shale.

Range Resources has voluntarily decided to disclose the chemicals used in their Marcellus Shale hydraulic fracturing fluids no more than 30 days after well completion. Data will be posted on their website.

Several major energy companies are getting involved in the natural gas shales of Poland. More in an article on the BusinessWeek.com website.

Chesapeake Energy is diversifying. An article on the BusinessWeek site reports that they started diversifying into oil and natural gas liquids.

A New York Times article reports that Royal Dutch Shell is buying the Marcellus Shale resources of East Resources.

EOG Resources is buying the shares of Galveston LNG, a company that hopes to build an LNG plant on the northern coast of British Columbia. EOG is also holds a major stake in the Horn River Shale Gas Play in the same area. More in an article at Reuters.com.

Goodrich Petroleum is buying acres in the Eagle Ford and Haynesville Shale gas plays. More at Reuters.

Total, SA has received permits for exploratory drilling in southern France. Their goal is to test the potential for natural gas shales. More on the BusinessWeek website.