Tuesday, October 14, 2008

#23- Haynesville Shale Updates - Post Date Tuesday, October 14, 2008

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

Photo Credit: AubreyJ.........
Wells of Past, 1967 - Grandfather’s Farm - Red Shute Plantation
Bossier Parish
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Tuesday, October 14, 2008

Let’s get started off with this short report posted on the Shreveport Times website today. It starts off like this... A Ruston-based engineering firm has decided to open an office in Shreveport... Hunt, Guillot & Associates, a design engineering, project management and program management firm, will open a new office in the Chase Tower in downtown Shreveport this month, according to Kathy Wilks, executive assistant at the firm. Professional engineer Mike Causey will serve as the new office's operations manager...The new office is located at 400 Texas St., Suite 1000, Shreveport, LA 71101...
Read the rest at link below...
Firm to open Shreveport office
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* CBS11TV.com had this short article posted on their website yesterday, Oct. 13th...
Chesapeake Energy Halting Development Of Shale.TV
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* PennEnergy.com had the following report posted on their website Oct. 13, 2008...
Harding buys Texas assets, sells to Chesapeake
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* The Shreveport Times had this editorial posted on their website yesterday, Oct. 13th and it started off like this... With an apparent time out in the fevered Haynesville Shale play, local government commendably took a moment last week to pause and reflect on both the bounty and bugaboos created by natural gas exploration...
Click out the rest at link below...
Editorial: Haynesville play feeds hopes, poses threats
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* The Shreveport Times had this news article posted on their website Oct. 10th and it starts off like this... Six months ago, the parish governing body, at the request of an oil and gas company, put up more than 1,000 acres around the parish airport for leasing mineral rights for Haynesville Shale exploration. The result: a $28.7 million check in July... So far, the parish government is the only one in northwest Louisiana to get such a windfall...
Read the rest at link below...
DeSoto shale meeting touches on various topics - Groups gather to discuss projects up for funding
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* KSLA had this write-up on Oct. 9th...
Parishes looking at best ways to deal with pros, cons of Haynesville Shale
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* Kansas.com had the following article on their website Oct. 9th... Production of U.S. natural gas is surging at a pace that hasn't been seen in this country in half a century... New technology has allowed producers to release gas trapped in mammoth shale beds throughout the country... One of the largest is known as the Haynesville Shale in Louisiana, which only began producing in January...
Read the rest at link below...
Technology fuels natural gas surge - Increased production in Louisiana and Texas should mean lower prices this winter
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* Now here’s a good read I found at the IStockAnalyst.com website, post date Oct. 8th, and it starts off like this... The U.S. is set to become the world’s leading producer of natural gas — and is on track to become an exporter of the same. And yet you hear none of this on the radio or see it in other mass-media outlets...
Click it out at the link below...
How To Profit From The Natural Gas Boom: New Technology Makes Natural Gas A Viable Replacement For Oil
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* The Shreveport Times had this news article posted on their website October 8th... Cooling of the leasing frenzy associated with the Haynesville Shale was evident today as upfront bonus payments offered for local government owned land in northwest Louisiana was less than half of what some received two months ago... That means no big pay days for the City of Shreveport, Bossier City, Caddo Parish Commission, Bossier School Board and Bossier Police Jury. Mansfield’s 113 acres also were ignored... The only one getting a significant pay check for leasing mineral rights will be Northwestern State University...
Read this article in full at link below...
Today's lease sale disappointing for area governing bodies
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* The KTAL website reported the above news with the following write-up/ News Video... Shreveport and Bossier City leaders went before the state mineral board Wednesday hoping to get millions of dollars from the Haynesville Shale. But, once they were there they learned they would get nothing at all. There were no bids for property in either city...
Click this report out at the link below...
Shreveport and Bossier City Don’t Cash in on the Haynesville Shale
....>KTAL had this follow-up, (with News Video) on October 9th...
Haynesville Shale mineral lease sales down
....>KTAL also had this follow-up, (with News Video) on October 14th...
Thousands of acres -- and no bidders
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* The Shreveport Times had this article up on October 8th, and it started off like this... There's a new kid on the block in South Highlands. Greater South Highlands Neighborhood Association, founded in early August, represents Dudley Drive, Cecile Place, Creswell Avenue and Greg Street to the south, Southern Avenue on the west, Parkway Place, Madison Park Boulevard, Stephenson Street, Gilbert Drive on the east and Kings Highway to the north... President Penny Durham, who started the organization, said GSHNA is organized to cooperate and network with other neighborhood associations, businesses and organizations for the improvement of the quality of life in the community; to have a unified, cohesive voice to protect and preserve the integrity, character and value of the neighborhood; address issues that relate to environmental, social, governmental, educational, safety, land use concerns, etc.; and mobilize resources to meet identified needs. Dunham said Haynesville Shale, though an important catalyst for organizing, does not top the list of concerns for the association...
Read this article in full at link below...
New neighborhood association in effect in South Highlands
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* CHRON.com/Business posted this report on their website Oct. 7th and it starts off like this... The financial crisis that has choked credit markets also may stem the flow of capital spending by oil and natural gas companies as the situation shakes out, analysts said... "All the oil companies, large and small, will cut back their capital spending," Fadel Gheit, an oil analyst with Oppenheimer & Co. in New York, predicted. "The ones that keep their capital spending intact will be the exception, not the rule."... Even if companies have the money for new exploration and production projects, "they will say, 'We will wait for the market to cool off,' " he said...
Read the full report at link below...
Energy firms likely to trim their spending - Analysts expect slowdown will create caution
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* KSLA.com had this report on Oct. 7th. It starts off like this... For now, the Haynesville Shale is increasing property values which is also driving up the cost of the project...
Read the rest at link below...
Shreveport mayor holds talks on progress of I-49

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Post Update:
Saturday, October 18, 2008

* KTAL had this story up on their website Oct. 14th and it starts off like this... Desoto Parish is expecting 500 new jobs in about a year and has the Haynesville Shale to thank. Two companies have acquired 30 acres of land in the Parish’s I-49 Business Park. Some of this land will be used to build rigs needed for the Haynesville Shale. Another portion of this land will be used to service trucks, essential for oil drilling purposes...
Story Details/News Video at link below...
500 New Jobs Expected in Desoto Parish..
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* Columbian.com had this report on the 15th...
The Louisiana Mineral Board collected $43.5 million at its October lease sale for petroleum rights to state and local government property with a major natural gas prospect in northwestern Louisiana again fueling most of the interest...
Read the rest at link below...
Haynesville Shale fuels another big sale.
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* Now here’s an interesting article I found by Rob Cornelius at The State Journal website. It starts off like this... Chesapeake Energy CEO Aubrey McClendon is dabbing his wounds this week. The very public face of that company and the national push to use more natural gas more of the time suddenly looks very human...
Read the rest at link below...
Chesapeake's McClendon Went 'All In' ... and Lost.
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* MarketWatch.com had the following report Oct. 16th...
Champlain Resources Inc., Update on Leasing Acres of Marcellus Shale in Pennsylvania, Texas, Louisiana and Wyoming.
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* The Shreveport Times had this report on the 16th...
Northwestern State gets $4.4M mineral lease check.
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* KTBS had the following News/Video Report on the 16th...
Did urban landowners wanting to lease their land for Haynesville Shale dollars miss the boat? The groups that set out to negotiate those leases say probably, at least for the time being...
Click it out at link below...
Shale game changes with economic downturn...
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* KSLA had this fiery report on the 16th...
It now appears the gold rush mentality has crashed into the Haynesville Bust, at least for the 100 or so property owners told Thursday night (10/16) that their signed leases are worthless...
Click out this News/Video report at link below...
Haynesville Shale busted leases creates anger, confusion.

* NewsOK.com has this report posted on their website this Saturday morning, Oct. 18th... No. 2Climb to high list position reflects company’s focus on prime locations for production of natural gas...
Quality work force cited in success.
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* The Shreveport Times also has this article out this morning...
Chesapeake promotes positive outlook.
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* International Business Times had this Press Release posted on their website Friday evening... It starts off like this...
Dynamic Resources Corp. ("Dynamic" or the “Company") (PINKSHEETS: DYRFF) (CNQ: DYRF) has been informed by the operator of its Sentell Field project that it has successfully drilled and logged the targeted Haynesville interval in its Atkins-Lincoln 17-2 Well with positive results. [This is the well drilled just across the road from my Brother and not to far off from what’s left of the family farm.] The well reached a total depth of 11,300 feet on October 14, 2008. This well is strategically located in the center section of the Company's Sentell Field in Bossier Parish, Louisiana. The Atkins-Lincoln 17-2 is the second well in the Company's 2008 development program and the first of two Haynesville Shale vertical test wells in the Sentell Field planned for 2008...
Read the rest at link below...
Dynamic Resources Corp. Announces Sentell Field Update Haynesville/Lower Bossier Shale Test Well Results Positive.

* 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 MineThis 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...
#12 Haynesville Shale Updates - Tuesday, July 28, 2008
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> Tuesday, August 05, 2008...
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>Wednesday, October 01, 2008...
#22 Haynesville Shale Updates - Wednesday, October 01, 2008
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AubreyJ.........
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