"You're right Skip. Although, I believe Pegasi only has a 56% interest ( I could be off with this number), $4mm is still not enough. We need an update about what happened to the $4mm, intentions to raise more, and plans for operations in CC."
"I should clarify. They have done a terrible job keeping people updated. The first well had some issues but it was successful enough to pursue a larger project there.....15 stage HZ well. They go out and raise $4 million for that purpose 6 months ago…"
"They have done a terrible job CC Gal. They will be reporting numbers on 4/1. Maybe we get an Operational Update along with it. Don't know if Damon's post (that disappeared) about Pegasi selling interests in CC, has any merit."
"Very well done Keith. Although there is no excuse for "shoddy science" or political reasons for the EPA's position, I disagree with your conclusion. The Federal Government should not embrace hydraulic fracturing just because it is the…"
"You are right Skip. With radical positions come irrational fear, misunderstanding and the stifling of productive debate. The best way to combat this is to be up front with the issues and solutions. The industry chose to not go that route but to…"
"I am an investor in exploration companies and companies that provide various fracking services. So, I say this while ignoring the old saying: "Don't bite the hand that feeds you."
I am glad we have the more radical anti-fracking…"
"From the data I've seen on Eagleford and Bakken decline rates I tend to agree with the article.
In the big picture whats the average oil well in the united states produce? Not much. We have a bunch of stipper wells out there already, so…"
"I find it hard to get a clear sense of what the article is trying to say. Example:
"Costs are going to be crucial as oil prices recede. Oil field services already moan of high costs of raw materials such as guar gum, apart from rising labour…"
http://business.financialpost.com/2012/08/10/tempering-u-s-shale-potential/"It’s tough to get a word in edgewise as U.S. producers beat their chest over their shale oil and gas finds and impending energy independence, but one analyst has managed to deflate some of the hype. Bob Brackett, an analyst at New York-based Bernstein Research, says oil wells in Montana, part of the giant Bakken shale basin, are…See More
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