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Wednesday, September 24, 2008

#21- Haynesville Shale Updates - Post Date Wednesday, September 24, 2008

Haynesville Shale
Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
September, 2008

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Hello everyone...
Here’s a little News Video report I found yesterday at the BBC News website, that I thought you just might like to watch.
Click it out at link below...
Natural gas makes residents rich
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Thanks for stopping by...
AubreyJ.........
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More below...

Photo Credit: AubreyJ.........
Wells of Past, 1967 - Grandfather’s Farm - Red Shute Plantation
Bossier Parish

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Wednesday, September 24, 2008

* The Fort Worth Business Press has this troubling news for us folks in the Ark-La-Tex with larger than norm interest in the Haynesville Shale gas field... Chesapeake Energy Corp. plans to cut 17 drilling rigs by the end of the year and reduce its drilling budget by 17 percent, or $3.2 billion, over the next two years in response to a 50 percent decrease in natural gas prices, according to a press release... The Oklahoma City-based natural gas development company also dropped its fiscal year 2008 production target to 18 percent, from 21 percent, and will continue to seek a 25 percent interest partner in its Marcellus Shale holdings. 2009 and 2010 production targets were reduced to 16 percent, from 19 percent...
Read the rest at link below...
Chesapeake Energy cuts budget, lowers outlook in response to natural gas price drop
> Read the full Chesapeake Energy Corp Press Release HERE
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* KTBS.com had this report/news video about Chesapeake’s cutback...
Chesapeake reducing spending on natural gas drilling
> Here’s another report/news video that KTBS had posted yesterday, talking about the Haynesville Shale helping in jumpstarting the DeSoto economy...
DeSoto parish looks to cash in on Haynesville shale
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* The Shreveport Times had this posted on their website on the 12th of September...
Regency Energy Partners LP this week announced plans to expand its pipeline system in north Louisiana to bring natural gas from the Haynesville Shale - one of the most active new natural gas plays in the United States - to market...
Read the rest at link below...
Regency Energy Partners announces major expansion of Louisiana pipeline system
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* MarketWatch had the following article on their website on the 22nd of September...
Petro Resources Announces Participation in East Texas Bossier Trend Project
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Post Update:
Thursday
, September 25, 2008
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* CNNMoney.com has this report posted on their website today and it goes in part like this. ...the latest deal would reduce the company's debt by at least $1 billion and allow the oil-and-gas explorer to focus more closely on its 20% interest in the Haynesville Shale natural gas field in Louisiana and East Texas. Plains purchased the interest in July in the hot new drilling area in a joint venture deal valued at as much as $3.3 billion... "The Haynesville Shale will become a key driver to our production and reserve growth for most of the next decade while bolstering our return on investment," Plains said Thursday...
Read the full report at link below...
Occidental To Buy Rest Of Plains' Stake In Props For $1.25 Billion
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* Forbes.com
reported it this way...
Oil and gas producer Plains Exploration & Production is shedding stakes in energy properties in Colorado and Texas to concentrate on its interest in Louisiana's vaunted Haynesville Shale play that it gained through a joint venture with Chesapeake Energy...
Read the full report at link below...
Plains Hones In On Haynesville
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Post Update:
Sunday,
September 2, 2008
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MarshallNewsMessenger.com is reporting...
...Kilgore College Small Business Development Center is presenting a seminar just for you — Mineral Owner Rights — in Marshall and Longview... Mac Abney of Abney, Simmons and Company, and Dean Searle, attorney-at-law, will be the presenters for this seminar...
Read more at link below...
Seminars set for mineral owners
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* MORE TO COME SO CHECK BACK! *

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* Links of Interest *
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* City of Shreveport website...
Shreveport Shale
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> At the following TwinCitiesDev.com link, you can click on various parts of the rig (indicated by numbers) and read or listen to part descriptions...
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

Requires QuickTime Player
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...


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* Gas Leases - You’re sitting on a Gas Mine
This link is full of info you need to know before signing an Oil/Gas Lease Contract
Click it out at link below...
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* Past Post *

> Sunday, May 4, 2008...
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> Sunday, May 11, 2008...
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> Thursday, May 15, 2008...
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> Wednesday, May 21, 2008...
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> Thursday, May 29, 2008...
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> Thursday, June 5, 2008...

> Monday, July 14, 2008...
#12 Haynesville Shale Updates - Tuesday, July 28, 2008
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> Tuesday, August 05, 2008...


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AubreyJ.........

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