If the city governments would get wise and write into their gas drilling ordinance that water is being withheld for fracking until the price goes back up, then it will be a win win for all three parties 1)the drillers can claim force majoure and not have to comply with their contracts 2) the mineral holders will not get their minerals produced at the worst possible economic times and 3) the city will get higher royalties later too once the price goes back up. Heaven forbid that the majority of the EUC on these wells have peaked in the first 12 months of going on line months and that we produce our motherload during low NG prices.
I just read that the very aged coal plants that needed to shut down or bring into new technology standards that were "saved" the the EPA cross interstate rules will shut down o their own for most of the year voluntarily due to their own ineconomics....HAH!
while I don't want to pay $100 bucks for the book, it is easier and cheaper to go the Railroad Comission reports on production and see the time line of declines.
As much as I wanted to believe that NG could replace stinky diesel trucks, but I'd rather the status quo than extreme weather events taking out my home, jobs and food sources. Methane leaks speeds up global manmade warming!
TXDOT admits they have been undercharging for truck permits and that unprecendented amounts are being directed towards areas where those trucks have trashed the roads. Rumor has it that the Chesapeake building in Ft Worth is up for sale...in my lease, my contact person was laid off. My former contact person, Tony Rutigliano, went "back" to work for the City of Arlington in an indirect job capacity. The city is in bed with the frackers.
Saw it, watch the rebuttal 'The Sky is Pink". Then go to my website BarnettShaleHell, and see and hear testammony with facts on how Arlington TX is doing with their 55 plus padsites. Or just go to Youtube and type in " Visit Industrialized Arlingotn TX Cowboy Stadium URBAN Drilling" and read the points of where we went wrong in protecting the citizens.
I'd say for those that collected lease bonuses like me during the "unenlightened to pollution period" when the speculation was at a frenzy and for those cities like Arlington TX who banked on allowing them in...that they got in on the winning payoff side (Arlingotn has 80 million I think in their drilling revenues fund)....it was a zero sum game and the drillers lost....now for the longterm investment the towns made in industrializing themselves....not such a good deal....especially if these wells are not being choked down during this low price of NG environment
and there has been talk of re-fracking those wells after so much time has past (some say 5 years- others talk of wells are being re-worked, nitro lifted, & lift compressors added.....) who can tell me if there is such a thing as a re-fracked horizontal well?...has it actually happened yet? I heard that with horizontal drilling that re-fracking isn't feasbile..I read in a blog on the gohaynesville site that "Les B....it is not technically feasible to re frac horizontal, multi-stage frac'd wells. The decline in flowing pressure is expected and occurs in both vertical and horizontal producing formations."
yeah and the people near the sinkhole in Louisiana too are finding "enlightenment".....so if storage caverns are NOT gonna work out for us, then that puts even more of a pickle into the mix
The more planes in the sky, the more chances of crashes, only with shale accidents, air & soil pollution, and migration issues; the difference is that people have no choice but to live near where they drill if they were there first.
So if over 500,000 shale wells have been drilled in recent years, then those people are the "entlightened" ones to air, soil and water pollution issues and those like near that disposal site in Arkansas who saw the migration of the drilling waste fluids...http://bit.ly/TpwD3X I would think that going long on natural gas might be safer than investing in these drilling companies who get the tarsands sued out of them.
How To Play A Rebound In Natural Gas Prices [View article]
Matthew..."That's my good dead for mankind..." spot on even though you prob meant to say good deal. BTEX sux especially in folk's backyards and schoolyards.
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
The Natural Gas 'Ponzi Scheme' [View article]
I would think that going long on natural gas might be safer than investing in these drilling companies who get the tarsands sued out of them.
How To Play A Rebound In Natural Gas Prices [View article]