Sydney, 28 October (Argus) — UK-Australian resources firm BHP Billiton may sell its Fayetteville shale gas assets in Arkansas, bought in 2011 as part of the $4.75bn purchase of assets from US independent Chesapeake Energy.The deal marked its entry…See More
"I listened in on the telecon tonight, 10/29/2014.... Nothing really new. They now have 40 law suits filed. First trial is in Texas, in May 2015. They are on track to have 10,000 plaintiffs signed up by the end of the year.…"
"This website has some interesting data.
First there is a review of NG production in the blog The Big Kahuna Helps Keep a Lid on NatGas Prices The Marcellus/Utica now produces 39.4% of all shale NG produced in the US.
Second he has posted…"
That is a really good question that we talked about a lot in the early days of this play. The reality is that if they spud a well (begin drilling) before your lease expires then your leased minerals are either "held by production"…"
"Could you explain if a permit is good for 2 years... but your lease expires 5 months into that 2 year period then what. for instance say they drilled it, etc.. but it is not yet in production when the lease expires.... then…"
I would note the points of the above article re: addressing the needs to funnel Marcellus gas into the greater market and the implications as to arbitrage on ng ca. 2017-18 and beyond. What I would also point out per the articles and the…"
imo, excellent article.
of the projects, only one, atlantic coast, is to create new (virgin) market opportunities. the four others will be essentially moving gas east and or west to get it out of the field by tying into existing pls…"
"A permit is good for two years.
If they (surprise!) started next week it takes a month to six weeks, maybe longer down here where depth is around 14,000', to drill the well (if there are no problems). Then it is typically 3-6 months for final…"
As exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More