10:30pm CDT
Haynesville Shale
Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
August, 2008
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Note: This post will be updated over next few days so check back
(Scroll below for latest updates within this post)
Image courtesy of Chesapeake Energy
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Monday, August 11, 2008
Let’s get caught up with the Haynesville Shale News by starting off with this news article posted Sunday on the TheAdvertiser.com website. It starts off like this... By now just about everyone has heard about the natural gas boom in Northwest Louisiana, called the Haynesville Shale... As with any boom, the talk of the town is money. Less than a year ago, companies were paying $150 per acre lease bonuses with 1/6th royalty and now rumors are flying around about $25,000 bonuses and ¼th royalties...
Read the full story at link below...
Louisiana Oil and Gas Association: Everyone benefits from Haynesville Shale
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* The Fort Worth Business Press website had this report up the morning early...
Devon Energy reports earnings, new Haynesville acreage
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* The Shreveport Times website has this update... A Haynesville Shale meeting for the Pinecroft Group will be Wednesday at 6:30 p.m. In order to accommodate the group, the meeting location has been changed from the Pinecroft Baptist Church to Shreveport Community Church (previously known as First Assembly of God), 5720 Buncombe Road, at the corner of Buncombe and 70th Street.
Read the rest HERE
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* TexasInsider.org brings us this report... Natural gas production in Texas is up dramatically in 2008, outstripping gains in other states through the first five months of the year, according to an investment bank analysts’ report... The report notes that newly developed natural gas plays using unconventional drilling techniques such as the Barnett Shale and Haynesville Shale hold ample reserves to spur growth rates in total U.S. production...
Read the full report at link below...
Texas Gas Production Up 2,440 million Cubic Feet per Day
* The Wall Street Journal has this interesting article posted on their website. It goes in part like this... As major oil companies search for more oil to meet growing global demand, U.S. natural-gas companies face the opposite problem: what to do with all the gas they soon will be producing... U.S. natural-gas production is soaring, thanks to high energy prices and new technologies that have unlocked reserves considered too difficult or expensive to tap in earlier eras. Production is up 8% this year, according to government data, and the growth is expected to continue as companies drill thousands of wells in Texas, Louisiana and Oklahoma, and look at massive new reserves in Appalachia and Canada... Demand is growing, too, but more slowly. Total U.S. natural-gas consumption is up 5.5% this year through May, spurred largely by a gradual shift from coal power plants to cleaner-burning gas-fired ones. Consumption actually fell slightly between 2003 and 2006...
Read the rest at link below...
Natural-Gas Firms Seek Outlet for Growing Supplies
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* UPDATE *
Wednesday, August 13, 2008
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* The Shreveport Times had the following news article posted on their website early Wednesday morning and it starts off like this... Another record could be broken Wednesday when the state Mineral Board meets to accept bids on mineral leases in the Haynesville Shale play in northwest Louisiana...
Read their article in full at link below...
State lease sale poised to break another record
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* Here’s a great read I found this morning by Vivian Norris de Montaigu at the Huffington Post website.
Click it out at link below...
The Largest Onland Gas Field in the U.S.: The Haynesville Shale and My Father Was Right
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* And here’s another fun read I found this morning at the BEYONDbones website...
Click it out at link below...
Shall All Hail the Shale? (Shertain Shources Shay Yesh!)
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* CNW Group website reports...
Trinidad Drilling Ltd. reports solid second quarter and year-to-date 2008 results; record revenue and EBITDA recorded
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* UPDATE *
Thursday, August 14, 2008
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* EnergyCentral.com had the following report posted on their website yesterday and it starts off like this... Natural gas may once again become a preferred fuel, but only if the confluence of events surrounding it convinces a majority of U.S. lawmakers to give producers more access to federal areas now forbidden... Concerns over climate change in combination with escalating energy prices are forcing policymakers to take a harder look at issues once considered off-limits. The Bush administration in July lifted the executive ban on oil and gas leasing operations on the Outer Continental Shelf. It then subsequently moved to jumpstart further development by asking the U.S. Department of the Interior to analyze the nation's future energy needs... President Bush and the presumptive Republican Nominee John McCain are now pushing Congress to amend its own ban that has been in place since 1982. The two are also working to enact legislation that would give states a say in the process. For his part, Barack Obama, the apparent Democratic nominee, has softened his view. If off-shore drilling is part of a comprehensive energy strategy, then he says that he would not resist...
Read the rest at link below...
Digging Deep for Support
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* NOLA.com had this report up earlier today and it starts off like this...
The state collected a $93.8 million windfall Wednesday thanks to a boom in land leases by energy companies betting on a major discovery of underground natural gas reserves in northwest Louisiana called the Haynesville Shale... The amount was the highest in 28 years for a Louisiana Mineral Board auction and dwarfed the usual total of lease-sale deals at the agency's monthly meetings... Since an industry announcement in March of Haynesville's potential, gas exploration and production companies have been enriching private property owners, parish governments and the state with large bonuses for the rights to mine gas in the region...
Read the full report at link below...
Gas find producing windfall in state - Haynesville Shale leases snapped up
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* TheStockAdvisors.com website reports...
Haynesville shale: A 'natural' for Mainland (MNLU)
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* The Shreveport Times has this one-sided story posted on their website today...
Water worries dip into other parishes
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* UK.Reuters.com brings us the following report... The frenzy over new shale plays sweeping the U.S. energy industry has prompted investors to ponder when the granddaddy of shale assets will start to produce less natural gas... That field, the Barnett Shale of north Texas, has been a boon to major producers like Devon Energy Corp (DVN.N: Quote, Profile, Research) and Chesapeake Energy Corp (CHK.N: Quote, Profile, Research), and helped set off the rush to develop new shale plays that were once deemed too difficult and too expensive to develop... Analysts repeatedly quizzed chief executives during second-quarter earnings calls for their take on when natural gas production in the Barnett Shale, where the first well was drilled in 1981, will plateau... Some estimate the Barnett will hit peak production next year, while others peg the date as far out as 2013...
Read the report in full at link below...
New U.S. shale plays spark debate about Barnett
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* Forbes.com has the following AP report... The Louisiana Mineral Board collected $93.8 million at its August sale of petroleum lease rights to government-owned land - with almost all of the money coming from operators trying to develop a potentially huge natural gas find... Wednesday's sale was the second largest in history, exceeded only by a $157.7 million sale in May 1980... Officials said $92.2 million came from leases granted within the Haynesville Shale in northwestern Louisiana...
Read the full report at link below...
Louisiana has 2nd-best petroleum lease sale ever
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* KSLA website has had a little run of Reports/News Videos, in part about the Haynesville Shale, over the last couple of days... Click them out at the links below...
> Haynesville Shale attracts international attention
> How secure is your bank
> Haynesville Shale royalties: The real 'cash cow'
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* UPDATE *
Friday, August 15, 2008
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* TheNewsStar.com reports... A geologic formation 12,000 feet below the surface in northwest Louisiana could contain enough natural gas to supply much of America's needs for the next 15 years or more, state oil and gas officials say... The activity in the area from the Arkansas line down to Natchitoches and over to Ruston "is exciting," said Chris John, president of Louisiana Mid-Continent Oil and Gas Association... "It's mind-boggling" how much national interest is being focused on the largely rural area by major companies that had written off production in the state, John said... "The really big presence is yet to come," he said. "In the next year or so, there will be two or three times the number of wells."...
Read the rest at link below...
Haynesville Shale making millionaires
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* KSLA website has the following News/Video report...
Haynesville Shale hold-out risks
* UPDATE *
Saturday, August 16, 2008
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* TheTownTalk.com website brings us the following report...
Landowners warned about mineral scam
* CEOBlogger’s website has this report... Mainland Resources, a small natural gas play, could be a giant in the space in a short period of time,” says Charles Payne... In his WStreet Market Commentary he explains, “The company involved in the super exciting Haynesville shale region, which could be one of the largest domestic on shore natural gas fields ever.”... “The stock has been coming on lately as more investors learn about the company’s potential in the Haynesville shale region...
Read the rest at link below...
WStreet Newsletter Recommends Mainland Resources
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* Guardian.co.uk has this fun read posted on their website today... Judy was, until very recently, a normal 61-year-old great grandmother from rural Arkansas who taught English at the local middle school and spent her spare time taking care of five troublesome terriers... Now, in a story reminiscent of the 1960s sitcom The Beverly Hillbillies, she has joined a rapidly growing group of millionaires cashing in on a natural gas gold rush that is sweeping the American south...
Read the rest at link below...
Hillbillies making millions out of American gas rush
* MORE TO COME SO CHECK BACK! *
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Parts of a Drilling Rig described
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> At the following TwinCitiesDev.com link, you can you can learn how the Fracing Process makes it possible to release gas from deep below the surface...
Fracing Process
Click HERE for Free QuickTime Player Download
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> At the following TwinCitiesDev.com link, you can watch how horizontal drilling increases production rates while reducing the impact to the surface...
Click HERE for Free QuickTime Player Download
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> Thursday, June 5, 2008...
> Monday, July 21, 2008...
> Monday, July 28, 2008...
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AubreyJ.........
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