10Q Detective

Oil Industry: Farewell, Good Old Days

Tough times ahead!

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T. Boone Pickens' Stocks Struggle

I guess when you're worth $3 - $4 billion, owning just 60% of "little" CLNE, worth about $480 million to Pickens, is a small holding.

Pennsylvania's Marcellus Shale: Welcome to America's Next Great Energy Boom

EXCO Management tacitly acknowledged on the earnings call that it has identified potentially attractive other resource plays, but had no additional comment. The company is discreetly acquiring large contiguous leases on other unconventional onshore locations.

Delaware Basin (West Texas), Green River (Wyoming), Antrim Shale (Northern Michigan) — where oh where is the next Barnett Shale play to be found?

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Plains Exploration Pays Chesapeake $1.65 Billion for 20% of Haynesville Shale

North Dakota’s Bakken Shale, Texas’ Barnett Shale, Louisiana’s Haynesville, and the Marcellus gas formation in the Appalachian Basin –six-months from now, where will the next land-grab frenzy take place?

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Petrohawk and Chesapeake Fly on Haynesville Shale News

Let's not lose sight of the fact that the drillers are going down more than 10,000 feet and then slanting 3,000 feet! Aside from that, there's gold in them there hills!

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Chesapeake Energy Reverts to Resource Acquisition Mode

IS CHK Copying XTO's business strategy? They might be too late in the game! EXAMPLE: In January 2008, Continental Resources paid $60 million, or about $15 million per million barrels in proven oil reserves over at Bakken Shale play. XTO is now paying $38.5 million per million barrels for proven reserves in this exciting new playground--thank you $125 oil & $13 natural gas!

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