This Post Last Updated: Tuessday, September 18, 2008
12:35pm CDT
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Haynesville Shale
Large Natural Gas Deposit, Northwest Louisiana
UPDATES:
September, 2008
Note: This post will be updated over next few days so check back
(Scroll below for latest updates within this post)
Photo Credit: AubreyJ.........
Wells of Past, 1967 - Grandfather’s Farm - Red Shute Plantation
Bossier Parish
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.Monday, September 08, 2008
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* Sorry for missing last week’s post!
With that said... If I’m correct, I had saved over 40 news articles and reports over the last week and culled them down today to the best 12. I posted the newest first, down to the oldest last..
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You ready???
Let’s get caught up with the Haynesville Shale News....
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* MarketWatch.com has this report up on their website today and it goes in part like this...
HAYNESVILLE SHALE ACTIVITY UPDATE- The Company has completed the T. Swiley No. 5 well in the northwest portion of the Minden field in Rusk County, Texas. The well is a vertical Haynesville Shale test with an initial production rate of 1,300 Mcf per day from approximately 150' of net Haynesville Shale pay. The well is the fourth vertical well the Company has drilled and tested in the Haynesville Shale formation in the Minden and Beckville fields in East Texas, where the Company maintains a 100% working interest in approximately 39,000 net acres. The Company's initial horizontal Haynesville Shale test in East Texas is planned for the fourth quarter of 2008...
Read the full report at link below...
Goodrich Petroleum Announces Mid-Year Reserves, Angelina River Trend Acquisition and Haynesville Shale Activity Update
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* Bloomberg.com has this report and it goes in part like this...
Massive Amounts- One shale formation, the Haynesville Shale in Louisiana and Texas, may hold enough gas to meet U.S. demand for a decade, according to Chesapeake Chief Executive Officer Aubrey McClendon... “What the hedge-fund community has been concerned about is you have massive amounts of natural gas,” said Scott Gieselman, the managing partner at Natural Gas Partners, a private-equity firm in Houston. “The amount of discoveries over the past five months has been prolific.”... Vince White, a vice president at Oklahoma City-based Devon Energy Corp., said investors have “some unrealistic optimism” about Haynesville. It will take at least 10 years to develop the formation, pipelines and related infrastructure, he said...
Read the rest at link below...
Ospraie Killer XTO Bottoms, Stock Cheapest Since 2001
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* Fort Worth Business Press has the following report that goes in part like this... Chesapeake Energy CEO Aubrey K. McClendon said the Fayetteville deal, as well as a July 1 deal to sell Haynesville Shale holdings to Houston-based Plains Exploration & Production Co., will pay for future development of other shale plays. McClendon also said he would look at additional future sales... “The PXP Haynesville Shale joint venture and the BP Fayetteville Shale joint venture together will pay for approximately $2.5 billion of Chesapeake’s drilling and completion expenditures currently planned for the second half of 2008 through 2010,” McClendon said in the statement. “As previously announced, we are also pursuing a similar transaction involving our Marcellus Shale assets with others in the industry that we hope to complete by year-end 2008.”...
Read the full report at link below...
Range Resources pipeline progresses ahead of schedule
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* The Shreveport Time had this Article posted on their website a couple days back and it starts off like this... Two recent news reports highlight the fact that now is the time to prepare for some of the upcoming challenges that will come along with the benefits of the massive Haynesville Shale natural gas play... The discovery of the Haynesville Shale pumped nearly $100 million into Louisiana's general fund in August, with more expected in September when 11,000 more acres of state lands are up for lease... In a Baton Rouge Advocate report, north Louisiana legislators point to poor central and north Louisiana parishes that are in need of roads and infrastructure. They also note areas that need to protect underground water aquifers that could be affected by the considerable water needs that accompany drilling. One lawmaker wants to invest the funds into finishing Interstate 49 in both north and south Louisiana... Our opinion: the oil and gas companies drilling here should be responsible for their share of impact on roads, water and the environment...
Read the rest at link below...
Keep portion of La.'s shale dollars here
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* WDAM.com had this report posted on their website Sep 4th...
A couple of gas companies drilling in the Haynesville Shale formation in north Louisiana have acquired permits to drill at three sites in Columbia County in south Arkansas...
Read the rest at link below...
North La. gas drilling spreads to Ark.
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* EarthTimes.org had this report on Sep 4th...
Southern Star Energy Announces New Well Discovery; Company Moves Rig to Drill First of Two Haynesville/Lower Bossier Shale Test Wells in the Sentell Field
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* Reuters.com website had this article up on Sep 3rd... Looking to get into the Haynesville Shale? Your best bet might be to buy a company... Companies with assets in the red-hot natural gas discovery in west Louisiana could soon be in play as oil and gas companies look to gain access to what could be the next big unconventional gas play in North America...
Read the rest at link below...
Haynesville Shale land grab could spur deals
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* CNNMoney.com had this short report posted on their website Sep 3rd... International Paper Co. sold about 13,000 acres of mineral rights in the Haynesville shale natural gas formation in northwest Louisiana to Chesapeake Energy Corp. for about $263 million... The Haynesville shale lies in parts of east Texas and northwest Louisiana... International Paper said the deal, announced last month, is part of an effort to profit from its remaining U.S. forests, real estate and mineral holdings to pay off debt and strengthen its balance sheet...
Read the rest at link below...
Intl Paper completes sale of rights to Chesapeake - International Paper completes $263M sale of Louisiana mineral rights to Chesapeake Energy
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* CNW Group website reports...
Trinidad Drilling Ltd. announces the redeployment of five Canadian rigs to higher day rate and utilization areas in the U.S. and Mexico.
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* RedOrbit.com had the following article up on Sep 1st and it starts off like this... Rising energy prices have made exploiting many of Arkansas' natural resources more viable, and many of those resources are in south Arkansas... "The price of energy commodities always renews interest in Arkansas' resources," said Ed Ratchford, senior petroleum geologist at the Arkansas Geological Survey... "Arkansas is rich in fossil fuels and has a long history of production of fossil fuels."... Recent developments prompting increased interest in energy production in south Arkansas include:
- Improved technology that could make mining deposits of lignite, a low-grade form of coal, economically feasible.
- New technology that could allow energy companies to reach the roughly 70 percent of oil believed to remain beneath the surface of the area's fields.
- Indications that the Haynesville Shale Play, a natural gas shale play beneath northwest Louisiana and cast Texas, may extend into south Arkansas.
- Identification of the Ouachita Mountains as a possible source of natural gas...
Read the rest at link below...
South Arkansas Rich in Resources
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* Houston Chronicle website had the following article posted on their website Aug 30th...
Locked in shale, riches beckon - Energy services companies among those eager to tackle natural gas work
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* Now here’s an article I loved reading (if for no other reason than from what part of the world it came from,) at TheNational.ae website. This article was posted on Aug 30th and it starts off like this... While Americans fret about their growing dependence on foreign oil, few seem to have noticed an upswing in domestic gas output... And this unexpected surge could pave the way for the world’s biggest energy consumer to become self sufficient in natural gas – years after US production was widely believed to have peaked... Since the beginning of last year, US gas production has grown 8.4 per cent while oil production has stayed flat... The nation’s gas producers have not waited for politicians to tell them to drill. They have been drilling flat out for the past 18 months, with new gas wells being developed at more than twice the rate they were in 2002... The upturn in US gas output has been all the more surprising following nine years of flat production. Even more remarkably, it has largely resulted from producers tapping hitherto untouched gas deposits. Some of the new resources – found in large shale beds – are in parts of the US that have previously seen little if any hydrocarbon development...
Read the rest at link below...
Tapping into the shale gas boom***************************************
.Post Update:
Wednesday, September 11, 2008
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* EarthTimes.org had the following report up on the 9th and it starts off like this... Nevada corporation (the "Company") (OTC Bulletin Board: MNLU; 5MN-Frankfurt) has signed a Letter Agreement to acquire 5000 net acres in Mississippi where the Company plans to drill the first test well to evaluate the potential Haynesville Shale gas formation in the region...
Read the full report at link below...
Mainland Resources, Inc. Signs Letter Agreement for Acreage to Test Potential New Haynesville Shale Area in Mississippi
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* MarketWatch.com had the following report on the 9th...
Regency Energy Partners Announces Major Expansion of Louisiana Pipeline System to Meet Growing Natural Gas Production from Haynesville Shale
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*ArkansasBusiness.com had this article up on their website on the 10th and it starts off like this... Energy production experts say there is little chance that southern Arkansas will enjoy a boom from the Haynesville Shale similar to the drilling rush in the central part of the state, where companies are tapping the Fayetteville Shale... Read the rest at link below...
Expert: Likely Little Gas Under South Arkansas
* BusinessWire.com had this report on the 10th...
Boardwalk Announces Binding Open Season for an Expansion of Its Gulf South Pipeline System
* MORE TO COME SO CHECK BACK! *
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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.
> 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 .
* 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...
>Tuesday, August 26, 2008...
>Tuesday, September 18, 2008...
#19 Haynesville Shale Updates - Tuesday, September 18, 2008.
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AubreyJ.........
No. 763-08 September 10, 2008
No. 764-08 September 10, 2008
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