July 2012

31st July 2012

Fayeteville Shale = No Severance Tax

Submitted by blogwriter on Tue, 07/31/2012 - 23:58

If you live in a part of the state not affected by the Fayetteville Shale Play, be thankful — not because of the issues surrounding the process of extracting natural gas from underground, but because you don’t have to listen to the daily back-and-forth between the sides

There are two sides. Not many people reside in the undecided middle. You’re either for the gas industry and its “fracking” process or you’re against it for one or more of several reasons. Read more »

31st July 2012

African Country > to Raise Gas Royalties

Submitted by blogwriter on Tue, 07/31/2012 - 00:01

Tanzania plans to raise royalties on gas and demand signature bonuses for energy contracts as the east African nation tries to secure bigger benefits from major offshore discoveries. Read more »

27th July 2012

On Hopes of Stimulus > Oil Prices Rise!

Submitted by blogwriter on Fri, 07/27/2012 - 06:34

Oil prices changed course Wednesday July 25th ,2012 as gloomy economic news raised hopes that global central banks will take more steps to stimulate growth. Read more »

27th July 2012

Big Holder of Barnett Acerage > Chesapeake Energy Selling Some of It!

Submitted by blogwriter on Fri, 07/27/2012 - 06:29

Chesapeake Energy Corp , a U.S. oil and gas company facing funding shortfalls this year and next, is selling 3,300 acres in the Barnett Shale in north Texas as part of its effort to limit exposure to low-priced natural gas. Read more »

25th July 2012

Study = Monitoring of Gas Emissions From Marcellus Shale

Submitted by blogwriter on Wed, 07/25/2012 - 00:25

The Department of Environmental Protection says in a release Monday July 23, 2012  that the study will focus on areas with gas processing plants and compressor stations in Washington County, about 25 miles southwest of Pittsburgh.

The study will monitor the air for ground-level ozone, carbon monoxide, methane, and 60 other pollutants. Read more »

21st July 2012

Oil > Two Year High!!!!

Submitted by blogwriter on Sat, 07/21/2012 - 02:23

Oil prices hit two-month highs this week, driven by Federal Reserve stimulus hopes and Middle East unrest.

Other commodities enjoyed mixed fortunes as traders tracked the latest twists and turns in the eurozone debt crisis. Read more »

17th July 2012

Barnett Shale > 2012>2020 Analysis & Forecasts = Good!

Submitted by blogwriter on Tue, 07/17/2012 - 23:59

The major role played by the strategically developed Barnett shale in the US natural oil and gas production is expected to provide a model for the development of other shale plays, according to a new report by GlobalData.

The new report states that the Barnett shale combo has historically attracted substantial investments from oil and gas companies. High crude oil prices are anticipated to encourage oil and gas companies to explore and develop Barnett shale combo projects in the future. Read more »

15th July 2012

Fayeteville Shale Productions > Exceding Projections!

Submitted by blogwriter on Sun, 07/15/2012 - 00:55

The economic impact of natural gas production in the Fayetteville Shale has exceeded projections made in 2008, despite sharply lower gas prices and indications of lower expenditures in the area in 2012 than in 2011. A study released Tuesday, June 5, provides updated economic impact figures generated by the activities of the natural gas industry concentrated in the north central region of Arkansas. Read more »

12th July 2012

Oil Prices Rebound On Bullish USA Inventory Data

Submitted by blogwriter on Thu, 07/12/2012 - 02:07

Oil prices rallied Wednesday July, 11, 2012 on bargain hunting a day after a sell-off driven by the end of a Norwegian oil workers' strike and as traders digested an upbeat US energy inventories report.

Read more »

7th July 2012

Rise In Shale Energy Brings More Road Repairs > Locals Not Happy+ Investors Are!

Submitted by blogwriter on Sat, 07/07/2012 - 04:36

Some East Texas counties are faring better than those in other parts of the state, where oil and natural gas production trucks are tearing up roads and leaving taxpayers on the hook for the damage.

Though increased energy production in recent years has created thousands of jobs and kept the Texas economy chugging along, the industry has left behind an estimated $2 billion in needed repairs to local and farm-to-market roads across the state, a Texas Department of Transportation executive said this week. Read more »

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