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Tuesday, January 24, 2012

Arlington City Council Rejects Chesapeake's Proposed Gas Well Site

BREAKING NEWS
The Arlington City Council tonight rejected Chesapeake Energy's request for proposed gas well site. The Rush Creek site would have been located in southwest Arlington. Details are sketchy at this time on the decision to reject the proposed site. The city council has rejected a number of the company's proposals during the past 18 months. Many residents of the proposed site at the corner of South Bowen Road and West Bardin Road had voiced concerns about safety, noise, traffic and the potential environmental impact a site would have on the neighborhood. Stay tuned for a followup on this story as details become available.

UPDATE:
The Rush Creek site (Bowen and Bardin) was denied approval by a 7-1 vote. The Truman site in north Arlington was unanimously approved for 2 permits.

Chesapeake Energy to Cut Drilling Production Due to Gas Glut

Chesapeake Energy announces major cutbacks in natural gas exploration after gas prices fall to a 10 year low. A huge surplus of natural gas is another driver in Chesapeake's decision to curtail it's drilling efforts.

Read the entire RIGZONE article by clicking the link below.

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It's Time to Buy Natural Gas!

Interesting article by Motley Fool contributor Sean Williams.
Click on the link below to read his commentary:
It's Time to Buy Natural Gas (CHK, DVN, XOM):

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Monday, January 23, 2012

Devon's Benbrook Federal A, B, C and D Units and Perrone SWD Well

Devon has drilled 35+ horizontal units and 1 salt water disposal well from this padsite.
The facility is located close to the shoreline of Benbrook Lake in Tarrant County.






A large network of pipelines and compression equipment can be observed at the facility.
The skyline of downtown Fort Worth is visible in the distance. Click on the photo to enlarge the image.

Monday, January 16, 2012

Gas Bears Up Bets on ’Catastrophic’ Surplus

Hedge fund "bears" have emerged from hibernation and are on the prowl, as a huge surplus of natural gas continues to further glut the market.
Read the entire Bloomberg article by clicking the link below.

Gas Bears Up Bets on ’Catastrophic’ Surplus - Bloomberg:

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Saturday, January 07, 2012

For Chesapeake, Weak Gas Prices Could Further Quiet Barnett Shale Activity

With currently just 10 rigs drilling in Tarrant county, and one lone drillbit turning in Johnson county, Chesapeake Energy has considerably slowed it's Barnett Shale exploration efforts. In addition to deeply depressed natural gas prices, the Barnett's "dry" gas brings less money at market compared to other shale plays that produce more oil and petroleum liquids.

Click on the following link for the complete Star-Telegram article.

Wednesday, December 28, 2011

“Shale Gas Development is a Game-Changer of Huge Proportions”

What They’re Saying: “Shale Gas Development is a Game-Changer of Huge Proportions” | NorthCentralPA.com:

“Shale-Gas Boom Spurs Race”: The boom in low-cost natural gas obtained from shale is driving investment in plants that use gas for fuel or as a raw material, setting off a race by states to attract such factories and the jobs they create. Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. A report issued earlier this month by PricewaterhouseCoopers LLC estimated that such investments could create a million U.S. manufacturing jobs over the next 15 years. … “This shale gas development is a game-changer of huge proportions,” said Dan DiMicco, chief executive officer of Nucor Corp., a steelmaker based in Charlotte, N.C. … Because electric utilities often burn gas, that price drop has helped bring down average electricity costs. (Wall Street Journal, 12/27/11)

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Tuesday, December 27, 2011

Shale Oil In America: Economy Fix Or Dangerous Fantasy?

Shale Oil and Gas - The hydraulic fracturing debate rages on!
Click on the link below for the Fox News article.....
Shale Oil In America: Economy Fix Or Dangerous Fantasy? | Fox News

Saturday, December 17, 2011

The EPA - A ROGUE Federal Agency? - Say it Isn't So!

"That the EPA would blame oil and gas drilling as the reason for including Hood County in the nonattainment area when drilling in this county has declined significantly is just one example where EPA's rhetoric doesn't match reality." - Quote from state Rep Bill Keffer of Eastland.

Read the entire article by Star-Telegram writer Jack Z. Smith by clicking on the following link:
Legislators representing Hood, Wise counties challenge EPA findings | Barnett Shale | Da...

Tuesday, December 13, 2011

Holiday Lights Adorn Chesapeake Plaza in Ft. Worth, TX

Chesapeake Energy's N. Texas facility is adorned with thousands of lights reflecting the Christmas spirit to all who visit it's Cowtown headquarters.


The brightly decorated Chesapeake tower is highly visible to observers approaching
the downtown area of Fort Worth in Tarrant County - the Barnett Shale's largest shale gas producing county.  

Monday, December 12, 2011

Tainted Water Pushes EPA to Act on Fracking

If it smells bad and tastes strange - it must be tainted, right? Residents of Pavillion, Wyoming; along with Encana Corp and the EPA weigh in on the issues surrounding possible ground water contamination in that area. Click the link below for the complete article.

Tainted water pushes EPA to act on fracking | Barnett Shale | Dallas Business, Texas Bus...

Sunday, December 04, 2011

U.S. Becomes a Net Energy Exporter, Green-Energy Push on Last Legs

Could the push for "Green Energy" possibly be on it's last legs? The following is an interesting article about the U.S. becoming much less dependent on foreign oil and gas. This scenario comes as the result of the latest methods of developing abundant natural shale gas and oil from formations throughout the country.
Read the complete article by Daniel Nestlerode by clicking the link below.

State College, PA - Daniel Nestlerode: As U.S. Becomes a Net Energy Exporter, Green-Energy Push on Last Legs

Sunday, November 27, 2011

Chesapeake Energy to Let Leases in Southlake Expire

The people of Southlake spoke, and Chesapeake Energy listened. The company will allow it's lease holdings to expire in this N. Texas community due to the city's restrictive new drilling ordinances. XTO Energy pulled out of Southlake earlier this year after drilling opponents made known their feelings against gas exploration. Read the entire article by clicking the link below.
Chesapeake Energy to let leases in Southlake expire | Barnett Shale | Dallas Business, T...

Wednesday, November 16, 2011

Drillers Using Counterinsurgency Experts

When all else fails bring in some counterinsurgency officers to deal with the media and citizens opposed to drilling and fracking in the Marcellus. Could this be war - or simply "customer relations?"Read the Pittsburgh Post-Gazette article below.

Drillers using counterinsurgency experts:

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Tuesday, November 15, 2011

The Heated Competition for Shale Gas

A friend directed my attention to the following article that discusses
exporting shale gas overseas. The competition to do just that is building according to sources.
Would such action be beneficial, or undermine our efforts to achieve energy independence? Thoughts?

Monday, November 14, 2011

Has the Barnett Shale Left it's Best Days Behind?

Are the Barnett Shale's best days ahead? Gene Powell, publisher
of the Powell Shale Digest weighs in on the subject.
Click the link below for the complete Star-Telegram article.

Has the Barnett Shale left its best days behind? | Barnett Shale | Dallas Business, Texa...

Monday, November 07, 2011

"Folks in Barnett Shale territory Should Hang on to those Mineral Rights"

Many lessors are keenly aware that owning property in which their mineral rights have been leased to a natural gas producer (lessee) could prove financially advantageous, especially over the long term. However, other mineral owners may be in the dark regarding this "ace in the hole", and might be enticed into selling their rights at a huge discount. Also, if your minerals are included in a producing well(s), the future could be brighter than some might imagine. For an opinion by Charles Reasons of the Fort Worth Star-Telegram please click the link below.

Thursday, November 03, 2011

Shale Sparks Natural Gas Revolution Built to Last

By Myra P. Saefong, MarketWatch
SAN FRANCISCO (MarketWatch) — "The story of natural gas has been a relatively happy one for consumers, a tale about a more than 75% drop from record prices nearly six years ago — with shale production playing the part of the fairy godmother."
Read the entire article by clicking on the following link.
Shale sparks natural gas revolution built to last - Commodities Corner - MarketWatch:

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Monday, October 31, 2011

Chesapeake's Edgecliff South Drillsite in Tarrant County

Urban drilling continues in Tarrant County at the Edgecliff South pad site in south Fort Worth. 

As of this writing 7 horizontal gas wells have been drilled from this site. Chesapeake has plans to complete a total of 17 wells before wrapping up exploration at this location. It will be home to all of the Edgecliff A,B,C and D horizontal units, and 4 each in both the Hallmark East and Hallmark West units.

WILLBROS T&D SERVICES was contracted by Chesapeake Energy to provide more power to the Edgecliff facility.
Higher capacity lines were completed in October 2011 to handle the needed requirements.

Tuesday, October 25, 2011

Report clears fracking blowout at Chesapeake Energy Drill in Pennsylvania

A 179-page report prepared by the SAIC shows "no environmental impact" from a massive "blowout" in April at Chesapeake Energy's Atgas wellsite in Pennsylvania. "This accident was among the most serious that can happen during the completion of an onshore shale-gas well. Yet nobody was injured, the public was never in danger, and there was no lasting impact on the environment, as the analysis shows."

"The safety of hydraulic fracturing is well-documented, with zero confirmed cases of groundwater contamination in 1 million applications over 60 years."

Read the New York Post article in it's entirety by clicking the link below
Report clears fracking--Karen Moreau - NYPOST.com

Energy In America: Drilling Contract Regrets For Some New York Landowners | Fox News

Numerous landowners in New York claim they have been "fracked" by Energy companies who are drilling for shale gas on their properties. Many land/mineral owners have joined in filing lawsuits against companies such as Anschultz Exploration, crying foul over badly negotiated leases, and deceptive exploration practices. Seems that folks are claiming they were misled about the "environmental impact being much greater than they were told." Anschultz denies any wrongdoing. The entire article by Fox News writer Rick Leventhal can be accessed by clicking on the following link.
Energy In America: Drilling Contract Regrets For Some New York Landowners | Fox News

Sunday, October 23, 2011

In the Barnett Shale, the Bloom is Off the Boom

The Barnett Shale exploration in North Texas has been a blessing to some and a downright "curse" to others, depending upon which side of the drilling rig you happen to be observing from. Regardless, the drilling activity in the gigantic formation beneath numerous North Texas counties has quietened as other shale gas plays expand to a fever pitch. Will the frenzy ever return? Star-Telegram writer Jack Z. Smith weighs in with comments from industry sources.
Click on the link below for the complete article.

In the Barnett Shale, the bloom is off the boom | Barnett Shale | Dallas Business, Texas...

Monday, October 17, 2011

Renewed Activity at SWD Disposal Well in Hill County

It appears that some type of work-over rig is operating at Salty's SWD well in northern Hill County near Blum, TX. Hopefully, we will see a resumption of drilling in the not too distant future. 



This injection well site has been closed for quite a while, but apparently something is up. Maybe someone in this area of Hill county will post a comment if they have any information they would like to share.

Kinder Morgan to Buy El Paso for $21.1 Billion - WSJ.com

Kinder Morgan to Buy El Paso for $21.1 Billion - WSJ.com:

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Monday, October 10, 2011

RIGZONE - Exxon CEO: To Invest over $37B on Capital Projects this Year - CNBC

RIGZONE - Exxon CEO: To Invest over $37B on Capital Projects this Year - CNBC: "ExxonMobil's acquisition last year of natural-gas producer XTO Energy for $25 billion was a "recognition of how significant the unconventional resources are going to be," Tillerson said. Exxon Mobil expects unconventional resources, such as shale oil and gas, to increase five-fold in the next five years."

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Saturday, September 10, 2011

Barnett Shale Leasing Activity Picking Up

Interesting article on increased leasing activity in potential high production areas of the N. Texas Barnett formation. Click on the link below for the complete article.

Barnett Shale leasing activity is picking up again | Barnett Shale | Dallas Business, Te...:

Monday, August 29, 2011

Happy Tenth Birthday Barnett Shale

Happy Tenth Birthday Barnett Shale:

Sun about to shine on natural gas

As several of the shale plays reach maturity can we expect an increase in natural gas prices this winter? Calgary money manager Josef Schachter expresses his optimism in the following article. Click on the link below to read the detailed article by Gary Lamphier of the Edmonton Journal.

Sun about to shine on natural gas

Monday, August 22, 2011

In Texas, Perry Has Presided Over Wind, Gas Booms

What would be the likely scenario with regards to energy if Texas Gov. Rick Perry wins the White House in 2012? The following article by Kate Galbraith of The Texas Tribune sums it up for us. Click the following link for the complete article.

In Texas, Perry Has Presided Over Wind, Gas Booms — 2012 Presidential Election | The Texas Tribune

Sunday, August 21, 2011

TCEQ Levies Hefty Fine on Wise County Driller

J-W Operating Co., an oil and natural gas producer in North Texas' Barnett Shale has been fined for air emissions violations. Read Star-Telegram writer Jack Z. Smith's entire article by clicking on the following link.

Barnett Shale: Barnett Shale operator fined $212,500

Friday, August 19, 2011

Pa. natural gas production rises 60 percent - WSJ.com

Pennsylvania's Marcellus Shale becoming Huge Gas Producer. Read the WSJ article by clicking the following link.

Pa. natural gas production rises 60 percent - WSJ.com

Monday, August 15, 2011

Devon Energy's Barnett Shale Bet Pays Off

The following Star-Telegram article highlights Devon Energy's Barnett Shale drilling success. The article also examines in closer detail the Benbrook Federal 12 acre drill site in SW Tarrant County that will be home to 35 wells when drilling is completed in March of 2012. I recently visited the site mentioned in this article and posted several of my own photos to this blog prior to this article's release. Check out those photos in this previous post http://hillcountygasboom.blogspot.com/2011/08/patterson-drills-devons-benbrook-fed.html, and then read the complete Devon article by clicking on the following link.

Devon Energy's Barnett Shale bet pays off | Barnett Shale | Dallas Business, Texas Busin...

Tuesday, August 09, 2011

One of Devon's Benbrook Fed Units at Lake Benbrook

Patterson's Drillbit continues to turn at one of Devon's Benbrook Fed Units located at Benbrook Lake in SW Ft. Worth.

Red "Christmas Tree" wellheads stand at attention at Devon's Fed Drillsite. This is but 12 of the 30+ planned wells to be completed on this site.

12 more completed wells at the same Devon drill site.

Monday, August 08, 2011

Could the EPA Be Planning a "Told You So" Moment?

Gene Powell, Editor/Publisher of the Powell Shale Digest voices concerns about recent EPA actions that could have a profound effect on Benzene Emissions beginning in 2013.
Click here for the complete story  

Monday, August 01, 2011

EPA proposes emissions cuts for oil, gas operations

A proposed regulation by the EPA may result in more "green completions" of future gas wells, as well as older wells that are slated for re-fracture. The plan aims at reducing emissions not only at the well site, but to facilities such as processing plants, compressor stations and storage tanks located at the well sites. The EPA applauds this proposed measure stating that "the regulation would not only curb harmful emissions, but save the gas industry tens of millions of dollars annually from the value of natural gas that would no longer escape in the air." (Click the following link for the full story)

EPA proposes emissions cuts for oil, gas operations | Barnett Shale | Dallas Business, T...