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Low volume and down:
we need an up date from management.
Up 16% today: Good!
Something is up.
News articles from company site:
http://www.biofuelspower.com/PressRelease.html
Where are the news articles on this company?
I will investigate and report back to post here.
Thanks, toddfitz,
has Willie reportedly condemned him? Link?
You are very welcome, 89,
we need to know all sides.
Thank you, coach
we need to see all sides. It's our hard earned money at stake.
Do you have any reason to believe R/S
will take place, or are you just worried like any pink stock?
Dennis G. McLaughlin III, chairman and CEO of Earth Biofuels:
Also see below or just google his name:
http://findarticles.com/p/articles/mi_m0DTI/is_6_28/ai_63192187
STEP ON THE GAS
For an idea of exactly how hot our past Hot 100 finalists are, you need look no further than our 1995 No.1 entrepreneur: Dennis G. McLaughlin III, co-founder of Aurora Natural Gas LLC, a natural gas distribution company now held by A & G Holdings LLC in Dallas. A & G Holdings now has five companies in its control, with $393 million in sales last year.
Through the company he began in 1993 with partners Malcolm Smith and Eric Spomer, McLaughlin has created an empire by his mid-30s--and changed the way the natural gas industry thinks about start-ups and emerging technology. A & G Holdings' technological advances--once scorned by investors-- have now spun off Aurion Technologies, which is poised for an IPO this year or the next. And true to form, that is what McLaughlin is most excited about.
A & G Holdings--which is comprised of Western Natural Gas, a retail marketing company selling natural gas in Arizona, Colorado, New Mexico and Utah; Aurora Productions, an oil and gas production company; Aurora Field Services, a natural-gas gathering and processing company; natural-gas supply aggregator, Aurora Natural Gas; and Aurion-- has succeeded in part because of the founders' commitment to innovation. "We concentrate on bringing in younger people to groom them to be managers as well as leaders in the company," says McLaughlin, 34. "That's really critical if you're going to maintain an entrepreneurial spirit. Reward people for taking risks and don't punish failure when the best foot is put forward to succeed."
In June, one of A & G's innovations provided the sweet spot in a $26 million deal to sell off Aurora Northeast, yet another company that emerged from McLaughlin's umbrella. A & G lured the buyer in by offering a seven-year data-collection contract using Aurion's Amnet technology. "[Such interest] showed confirmation of our theories by the marketplace and by larger utility companies," McLaughlin says.
"A software company has to guess what the customer wants, and then build and modify it," continues McLaughlin, who expects A & G to top $500 million in sales this year, "We actually use this stuff to run our business so we know what the market wants."
The future can be profitable,
just look at this power generating company. Time for more DD!
November 2008 SEC Filing:
(This is not your average penny stock.)
"...At September 30, 2008, we had $6,251,372 in total assets and $3,382,850 in total liabilities, resulting in a stockholders' equity of $2,868,522. Our net working capital deficit at September 30, 2008 was ($2,060,972), which is a decrease in working capital since December, 31, 2007 of $3,401,339.
During the nine months ended September 30, 2008, we incurred a net loss of ($5,613,769), which included $789,355 in non-cash expenses relating to equity issuance and compensation transactions and $1,064,197 in non-cash depreciation expense and an ($835,966) charge to record our derivative liabilities. For the three months ended September 30, 2008, we incurred a net loss of ($2,468,222), which included $128,750 in non-cash expenses relating to equity issuance and compensation transactions and $361,963 in non-cash depreciation expense and ($835,966) charge to record our derivative liabilities.
During the nine months ended September 30, 2008, our revenues were limited because our 10 Mw Montgomery County facility was placed in service during the first quarter and we experienced significant down-time as we refined and resolved our start-up issues, developed new operating protocols and resolved the typical problems associated with placing a new generating facility in service. Our revenues for the first nine months of 2008 were adversely impacted by seasonally low electric prices. While our revenues were low during the first nine months, our operating expenses were higher than normal because of the non-recurring costs associated with the start-up of our Montgomery County facility, the non-recurring costs of registering our securities under the Exchange Act, and use of higher priced feedstock and fuel inventories that we purchased in 2007. Additionally, we experienced a serious disruption in our business due to Hurricane Ike including the shutdown of the electrical grid into which we sell our power. For the remainder of the year, we expect our cost of sales to decline significantly as a direct result of reduced start-up expenses and significantly reduced fuel costs. We also expect our outlays for legal and accounting services to decline significantly.
We believe our available resources, together with our anticipated operating revenue and the anticipated proceeds of certain planned short-term borrowings, will be sufficient to pay our anticipated operating expenses for a period of three to six months from the date of this quarterly report on Form 10-Q. Our available resources are not sufficient to pay all of our anticipated capital costs and we are presently seeking additional financing. We believe we will need at least $20 million in additional capital to finance our planned facility expansions and future acquisitions. Capital requirements are difficult to plan for companies like ours that are developing novel business models. We expect that we will need additional capital to pay our day-to-day operating costs, finance our feedstock and fuel inventories, and finance additions to our infrastructure, pay for the development of additional generating facilities and the marketing of our green electricity. We intend to pursue additional financing as opportunities arise."
MORE NEWS RELEASED TODAY!!!
http://www.autobloggreen.com/2009/02/25/carls-corner-biodiesel-truck-stop-finally-reopens-willie-nelso/
Things are heating up! Anybody care?
Management stated that the primary goals of the Company are as follows:
Per Today's Press Release:
* Completion of a commercial scale cellulosic ethanol production
facility in the state of Washington.
* The securing of cellulosic and biodiesel projects in the Delta
region of Mississippi and Louisiana.
* The development of transportation fuel markets for higher blends
of ethanol.
* Modifications to the Company's biodiesel plant in Durant, Oklahoma
to allow the processing of animal fats and reclaimed cooking
grease.
* Establishment of at least two additional truck stops similar to
the Willie's Place Truck Stop near Hillsboro, Texas, in which the
Company is a 50% owner.
THE FUTURE ALWAYS LOOKS LIKE THIS AT FIRST, FOLKS.
So now we are called Evolution Energy: NEWS TODAY!
And there are no posts about it yet???
Earth Biofuels to Change Name to Evolution Energy
* Wednesday February 25, 2009, 1:10 pm EST
DALLAS, Feb. 25, 2009 (GLOBE NEWSWIRE) -- Earth Biofuels, Inc. (Other OTC:EBOF.PK - News) (``Earth Biofuels' or the ``Company') today announced that it is moving forward with its plan to change its name to ``Evolution Energy, Inc.'
The name change has been planned as part of the company's strategy to pursue the development, production, and distribution of next generation clean and renewable forms of energy.
The Company is in the process of working with FINRA to effect the changes described in the Company's Schedule 14C filed with the Securities and Exchange Commission on November 3, 2008, and management expects its new ticker symbol to be issued within the next 20 to 30 days. Earth Biofuels will issue a press release announcing the ticker change as soon as it is effective.
``The renewable energy industry is poised to play a major role in leading the country out of its current economic condition by virtue of job creation, technological innovation, and moving the country towards energy independence. It has become clear that alternative fuels are absolutely essential to our nation's energy and national security, as well as our ability to maintain economic independence. This nation can no longer afford to make energy policy a subject that is not taken with the utmost of seriousness and urgency. It is our view that many of the economic problems faced by this country are the direct result of not producing adequate forms of energy from available domestic sources. We plan to play a part of solving this problem,' said Dennis G. McLaughlin III, chairman and CEO of Earth Biofuels. ``Our management spent much of the past twelve months negotiating a significant reduction of our corporate debt, and we are now ready to pursue the goals of the Company.'
Management stated that the primary goals of the Company are as follows:
* Completion of a commercial scale cellulosic ethanol production
facility in the state of Washington.
* The securing of cellulosic and biodiesel projects in the Delta
region of Mississippi and Louisiana.
* The development of transportation fuel markets for higher blends
of ethanol.
* Modifications to the Company's biodiesel plant in Durant, Oklahoma
to allow the processing of animal fats and reclaimed cooking
grease.
* Establishment of at least two additional truck stops similar to
the Willie's Place Truck Stop near Hillsboro, Texas, in which the
Company is a 50% owner.
The Company plans to emphasize non-food feedstocks, the re-commissioning of existing facilities to reduce capital expense and lead times for production operations, and the utilization of geographic areas with resource and logistical advantages, such as the Mississippi and Louisiana Delta regions.
Where are all the biofuel bulls?
Crude oil has bottomed.
Anyone have any DD to share
with the board? I'll say this. Crude oil has bottomed. Biofuels can't be far behind.
Someone is pushing it up 11%
on low volume.
Trip canceled. Too busy.
2 to 1 sellers over buyers today:
market makers are winning! They have been reloading at .004 in after hours trades.
I'm loaded to the gills with ECCI stock (long "co-pilot"- not short) and I'm off to meet with ECCI management to see what, if anything, is going on down there in Texas. They do not have to tell me any material statements, just SHOW ME where the production units are! I'm dying to see a few. It's the least that they can do for a major shareholder. Silence is Golden...
Cheers!
The “day of reckoning has arrived”,
and the market is selling off. So much for the Presidential jaw bone. Maybe Helicopter Ben can tell the market what it wants to hear. Most of all the stock market wants to know: Where is Timothy Franz Geithner with his "details" for the resurrection? I like to call him young Dr. Strangelove. Now Tim, 'vee have our ways to make you talk! If he grabs his own throat while while talking the next time, it will explain the panic expression on his face:
http://blog.rebeltraders.net/wp-content/uploads/2009/01/tim-geithner-uses-turbotax-300x150.jpg
Turbo Tim!
From .0005 to .015? May qualify for this board:
ECCI, an energy services play, is trading in the .0005 to .0007 range. It should make it to .015 by St. Patrick's Day. Why? See the following:
Old Posted by: stervc ("Edited" by Crusader with new info):
Date: Friday, May 02, 2008 3:25:50 AM
In reply to: tkcomputer9999 who wrote msg# 4107 Post # of 7233
"...ECCI .12 per share Valuation Consideration…("discounted" buy Crusader to .03pps)
This ECCI valuation consideration was derived in effort to try to determine a fair valuation for ECCI from some of the variables mentioned in the post below presented to us by Tkcomputer9999:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28927851
ECCI Presumed Variables to Consider:
** 5 units running per day
** ECCI net $2,000 per day per unit (.02 per gallon of water processed was obtained from DD by sterling & friends)
** Worse case scenario Outstanding Shares (OS) amount of 350,000,000 shares (Comment: now it is 3 billion worst case but I expect even then about 1/2 would be "restricted" shares (not trading for a year) so one way or the other, the "float" would be up to 1.5 billion shares. So I will just take 25% ("discounted") of the bottom line stervc estimates below. He assumed only 350 million shares outstanding when he wrote in May 2008.
5 x $2,000 = $10,000 per day
Understand that…
Revenues – Expenses = Net Income.
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
This $10,000 per day we will consider as “Net Income” since we have already taken any kind of Expenses under consideration. Consider the monthly calculations to derive an annual calculation below:
$10,000 per day x 30 days = $300,000 Income per month
$300,000 x 12 months = $3,600,000 Income per year
From above…
Net Income ÷ OS = EPS
$3,600,000 ÷ 350,000,000 shares = EPS
.0102 = EPS
Since we are not quite sure just yet what Sector or Industry ECCI would trade under, it is a little difficult to determine a finite PE Ratio to use as its growth multiple to multiply with the EPS to determine its fair trading price. Because of this, it is generally accepted to use 12 as a conservative PE Ratio which would then give us the ECCI trading price of where ECCI could potentially be trading below:
12 Conservative PE Ratio x .0102 EPS = .1224 per share("discounted"= .03)
This means that given the variables that were mentioned as a consideration were true, ECCI would logically and fundamentally be worth somewhere in the area of .1224 per share.
This also means that the .1224 per share represents per increments of 5 units. So…
.1224 x 2 units of 5 = .2448 per share ("discounted" = .06pps)
.1224 x 3 units of 5 = .3672 per share ("discounted" = .09pps)
(Editor: This increase in number of units might require equity financing which was mentioned in the 8/06/08 press release as a reason for increasing the number of authorized shares.)
Again, this is considering that the variables that were used to derived the calculations for these figures are released as such."
v/r
Sterling
(Sterling, is "OK" with this editing of his post. He did not know the share structure would change on 8/06/08.)
Oh, one other thing: based upon recent PR's and current rumors, a significant contract should be announced shortly. OCICBW
Do your own DD!
Does the board accept 15 to 20 baggers?
ECCI is trading in the .0005 to .0007 range. It should make it to .015 by St. Patrick's Day. Why? See the following:
Old Posted by: stervc ("Edited" by Crusader with new info):
Date: Friday, May 02, 2008 3:25:50 AM
In reply to: tkcomputer9999 who wrote msg# 4107 Post # of 7233
"...ECCI .12 per share Valuation Consideration…("discounted" buy Crusader to .03pps)
This ECCI valuation consideration was derived in effort to try to determine a fair valuation for ECCI from some of the variables mentioned in the post below presented to us by Tkcomputer9999:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28927851
ECCI Presumed Variables to Consider:
** 5 units running per day
** ECCI net $2,000 per day per unit (.02 per gallon of water processed was obtained from DD by sterling & friends)
** Worse case scenario Outstanding Shares (OS) amount of 350,000,000 shares (Comment: now it is 3 billion worst case but I expect even then about 1/2 would be "restricted" shares (not trading for a year) so one way or the other, the "float" would be up to 1.5 billion shares. So I will just take 25% ("discounted") of the bottom line stervc estimates below. He assumed only 350 million shares outstanding when he wrote in May 2008.
5 x $2,000 = $10,000 per day
Understand that…
Revenues – Expenses = Net Income.
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
This $10,000 per day we will consider as “Net Income” since we have already taken any kind of Expenses under consideration. Consider the monthly calculations to derive an annual calculation below:
$10,000 per day x 30 days = $300,000 Income per month
$300,000 x 12 months = $3,600,000 Income per year
From above…
Net Income ÷ OS = EPS
$3,600,000 ÷ 350,000,000 shares = EPS
.0102 = EPS
Since we are not quite sure just yet what Sector or Industry ECCI would trade under, it is a little difficult to determine a finite PE Ratio to use as its growth multiple to multiply with the EPS to determine its fair trading price. Because of this, it is generally accepted to use 12 as a conservative PE Ratio which would then give us the ECCI trading price of where ECCI could potentially be trading below:
12 Conservative PE Ratio x .0102 EPS = .1224 per share("discounted"= .03)
This means that given the variables that were mentioned as a consideration were true, ECCI would logically and fundamentally be worth somewhere in the area of .1224 per share.
This also means that the .1224 per share represents per increments of 5 units. So…
.1224 x 2 units of 5 = .2448 per share ("discounted" = .06pps)
.1224 x 3 units of 5 = .3672 per share ("discounted" = .09pps)
(Editor: This increase in number of units might require equity financing which was mentioned in the 8/06/08 press release as a reason for increasing the number of authorized shares.)
Again, this is considering that the variables that were used to derived the calculations for these figures are released as such."
v/r
Sterling
(Sterling, is "OK" with this editing of his post. He did not know the share structure would change on 8/06/08.)
Oh, one other thing: based upon recent PR's and current rumors, a significant contract should be announced shortly. OCICBW
Do your own DD!
Management: 1st step to success:
The Company is currently led by its Chief Executive Officer, Chief Financial Officer, and General Counsel:
Ed Hennessey. Mr. Hennessey is CEO and President of the Company. He also serves as Chairman of the Board of Directors of the Company. He has been President and CEO of CleanTech Biofuels and its predecessor companies, since 2002. He has developed the business strategy, and secured the existing technology licenses and the funding required to date. Prior to becoming involved in the waste-to-energy industry, Mr. Hennessey worked in the securities industry beginning with Shearson Lehman Brothers in 1986 and ultimately opening and managing his own securities brokerage and investment banking firm, which he sold in 1999.
Thomas Jennewein. Mr. Jennewein is Chief Financial Officer of the Company. Previously he served as Manager of Financial Reporting for the Maverick Tube Corporation and prior to that worked in a similar position for the Argosy Gaming Company. Mr. Jennewein began his career in 1985 as a Senior Auditor with Arthur Anderson & Company.
Michael D. Kime. Mr. Kime serves as General Counsel of the Company. Prior to joining the Company in 2007 he was a partner in the law firm of Sauerwein, Simon, Blanchard, & Kime, P.C. Mr. Kime has been a practicing attorney since 1994, focusing on securities law, finance, mergers and acquisitions. Mr. Kime also co-wrote and co-produced the award winning documentary, Can Mr. Smith Get to Washington Anymore?. Mr. Kime attended Louisiana State University Law School where he graduated ranked second in his class and served on the Louisiana Law Review.
Board of Directors
In addition to Mr. Hennessey the Board of Directors includes:
Benton Becker. Mr. Becker is a lawyer in private practice in Miami Dade County. He also teaches constitutional law at St. Thomas University School of Law in Miami, Florida. He has served on the Board of Directors of Tengasco, Inc., an American Exchange public oil and gas company. Mr. Becker began his legal career in Washington D.C. with the United States Department of Justice, eventually rising to serve as legal counsel to President Gerald Ford at the time that President Ford was assuming the Presidency from former President Richard Nixon. He received his J.D. from the American University.
Ira Langenthal. Dr. Langenthal co-founded Signal Analysis Industries Corp. (SA/COR), an instrument manufacturing company that was subsequently acquired by Honeywell. After the acquisition Dr. Langenthal continued to work at Honeywell, where he served as Director of Engineering, Vice President of Operations and Vice President and General Manager of Honeywell’s Test Instruments Division until retiring in 1991. Since his retirement, Dr. Langenthal has been active as a consultant and on several Boards of Directors and has been active in Colorado’s Incubator System. . He received a M.Eng. and a Ph.D. from Yale University in statistical communications/information theory and received the award for distinguished individual performance.
Larry McGee. Since 1998 until his retirement in 2006, Mr. McGee was Senior Vice President and Chief Development Officer of IESI, an environmental services company that collects, transports, and disposes non-hazardous residential, industrial and commercial wastes as well as providing recycling services. IESI was founded in 1995 and purchased by BFI Canada in 2005. Mr. McGee previously held various financial management positions in the waste management business and worked as a Certified Public Accountant. Since his retirement from IESI, Mr. McGee purchased, and now operates, a landfill in Slidell, Louisiana. He is in the process of acquiring additional landfill locations. He has a B.S. in accounting from the University of Tennessee.
Paul Simon, Jr. Mr. Simon is a practicing attorney and partner in the law firm of Sauerwein, Simon, and Blanchard, which he joined in 2006. Prior to that he was a partner in the firm Helfrey, Simon and Jones, P.C. He received his J.D. from the St. Louis University School of Law. Mr. Simon serves as outside legal counsel for numerous corporations and concentrates his practice in the areas of real estate and corporate transactions, construction and business litigation and governmental law and relations.
SEC Filings:
http://cleantechbiofuels.net/investorrelations/SECFilings/tabid/152/Default.aspx
This stock will fly after crude oil
gets back over $50 bbl. Wait & see.
The obvious share accumulation is heartening:
There are a lot of people taking new positions in ECCI and a few of the long time investors are adding. That is clear from the ratio of buys to sells. (Up to down volume) What is even better, the hordes of hysterical pumpers have not taken up residence on this board. That means the run up in price, when it becomes obvious, will not be short lived and dangerously volatile.
Hand in hand with this investor mind set, the company management is being very conservative and letting the ink dry before turning loose the public relations campaign. Pump and dump by the company itself is a low risk concern. No, I think the skies are clearing and the sky is the limit for this little company. There is a place for ECCI technology in the oil and gas industry as is becoming apparent. The first contract to be announced will be VERY credible just like the approach of shareholders and management style. No wonder some very prominent players in the oil patch want to do business with ECCI. Its technology and service have cost effective uses both alone and in conjunction with other technologies. This may anger competitors who have already announced contracts or at least pilot programs. But the energy sector is a big place with plenty of money to go around for the various needs to clean water recovery. One size does not fit all! Some customers want to use the water to frac again. Others only want water clean enough to safely put into an injection well forever. Whatever the need, two cents per gallon treated is a hell of a lot cheaper than the competition. Do your own DD on that one. Read a few of the old ESPH filings with the sEC or the Fountain Quail articles on distillation.
Move over boyz, there is a new cowboy at the bar. "Royis, the next round of drinks is on you!"
GLTAL- not much longer to wait!
Bid:.0005/ ask:.0007
I know someone buying the bid. LOL
It was a form T trade: after hours
Extended-Hours Trading
Nasdaq can now transact "after-hours" trades. These are trades that take place after the regular market close at 4:00 p.m. ET up until 6:30 p.m. ET. There is also a "premarket window" permitting Nasdaq trades before the regular trading session begins at 9:30 a.m. ET. These trades can take place as early as 8.00 a.m. ET.
Trades outside of regular trading hours are classified as "Form-T" trades. Form-T trades don't impact last, high, low or closing prices, but are reckoned in volume reporting. Nasdaq has specified that the "closing quote" of the regular session will be identified separately from extended-trading-hours quotes.
Tim, booyah............
thank you for serving.
Why is it so quite???
Storm coming soon....?
Math- I hope so too for you
and all those who deserve some profit. At least we are up to .0004 on the first lots sold today. I'm HOPEFUL!!! Lord knows, the potential is great here- greater than most appreciate:
************************************************************************
Old Posted by: stervc ("Edited" by Crusader with new info):
Date: Friday, May 02, 2008 3:25:50 AM
In reply to: tkcomputer9999 who wrote msg# 4107 Post # of 7233
"...ECCI .12 per share Valuation Consideration…("discounted" buy Crusader to .03pps)
This ECCI valuation consideration was derived in effort to try to determine a fair valuation for ECCI from some of the variables mentioned in the post below presented to us by Tkcomputer9999:
http://investorshub.advfn.com/boards/read_msg.asp?message_id=28927851
ECCI Presumed Variables to Consider:
** 5 units running per day
** ECCI net $2,000 per day per unit (.02 per gallon of water processed was obtained from DD by sterling & friends)
** Worse case scenario Outstanding Shares (OS) amount of 350,000,000 shares (Comment: now it is 3 billion worst case but I expect even then about 1/2 would be "restricted" shares (not trading for a year) so the "float" would be up to 1.5 billion shares. So I will just take 25% ("discounted") of the bottom line stervc estimates below.
5 x $2,000 = $10,000 per day
Understand that…
Revenues – Expenses = Net Income.
Net Income ÷ Outstanding Shares (OS) = Earnings Per Share (EPS)
This $10,000 per day we will consider as “Net Income” since we have already taken any kind of Expenses under consideration. Consider the monthly calculations to derive an annual calculation below:
$10,000 per day x 30 days = $300,000 Income per month
$300,000 x 12 months = $3,600,000 Income per year
From above…
Net Income ÷ OS = EPS
$3,600,000 ÷ 350,000,000 shares = EPS
.0102 = EPS
Since we are not quite sure just yet what Sector or Industry ECCI would trade under, it is a little difficult to determine a finite PE Ratio to use as its growth multiple to multiply with the EPS to determine its fair trading price. Because of this, it is generally accepted to use 12 as a conservative PE Ratio which would then give us the ECCI trading price of where ECCI could potentially be trading below:
12 Conservative PE Ratio x .0102 EPS = .1224 per share("discounted"= .03)
This means that given the variables that were mentioned as a consideration were true, ECCI would logically and fundamentally be worth somewhere in the area of .1224 per share.
This also means that the .1224 per share represents per increments of 5 units. So…
.1224 x 2 units of 5 = .2448 per share ("discounted" = .06pps)
.1224 x 3 units of 5 = .3672 per share ("discounted" = .09pps)
(Editor: This increase in number of units might require equity financing which was mentioned in the 8/06/08 press release as a reason for increasing the number of authorized shares.)
Again, this is considering that the variables that were used to derived the calculations for these figures are released as such."
v/r
Sterling
(Sterling, is "OK" with this editing of his post. He did not know the share structure would change on 8/06/08.)
"Ask Chesapeake" for information!
Now there is a pro-active straight forward way to find the TRUTH!
Chesapeake Plaza
100 Energy Way
Fort Worth, TX 76102
Main: 817-502-5000
http://www.askchesapeake.com/EN-US/Pages/default.aspx
http://www.askchesapeake.com/EN-US/Drilling/Pages/default.aspx#water101
Water Use in Natural Gas Production
How much water does the natural gas industry use in the Barnett Shale?
The entire amount of water used for all drilling and fracing operations in the Barnett Shale is between 0.5% and 2% of the total water used in this region. This data was acquired from a 2006 report from the Texas Water Board and a study conducted in 2007 by Dr. Peter Galusky of the environmental consulting firm Texerra and commissioned by the Gas Technology Institute. These water-use figures have been confirmed by various city water departments as well as the Tarrant Regional Water District, a major water supplier in the area.
Where does this water come from?
The sources for water in Barnett Shale vary, and much of the water used in operations comes from rivers, creeks, lakes, discharge water from industrial or city wastewater treatment plants and ground water. Water is often purchased from the city when drilling inside city limits and can be delivered through existing conduits, such as fire hydrants. All water must be metered and purchased regardless of the source. The public can rest assured that the gas industry would not use any community’s water supply to the point that it would cause hardship for local citizens, nor would they be allowed to do so by the local governing authority. The delivery of municipal water to gas companies would be curtailed more quickly than it would be to residential users. During periods of water restrictions, cities limit lawn and yard watering to particular times of the day for the purpose of conservation rather than rationing. These restrictions prevent waste by not allowing yards to be watered during the heat of the day, and evaporating before it soaks into the ground.
Water Generated During Natural Gas Production
What is hydraulic fracturing or “fracing”?
In order to release natural gas from the Barnett Shale which has low permeability, small cracks or fractures must be created in the rock — much like a windshield might be spidered or fractured if struck by a stone — to allow the gas to flow. “Fracing” is the process in which a mixture of sand, water and lubricants is pumped into the underground formation under high pressure to break open tiny fractures. These fractures are designed to release natural gas trapped inside the shale.
During fracing, water and sand are pumped under high pressure into the rock formation, creating tiny cracks in the shale and allowing gas to escape.
What is frac water, and how does it differ from flowback water?
In the Barnett Shale, frac water is the mixture of sand, water and lubricants used to fracture stimulate the well (see previous answer). During fracing, the water is exposed to the mineral deposits in the rock formation. After fracing, the water used for fracing the well flows back to the surface as “flowback” water. Because of its exposure to the minerals (primarily salts) in the formation, the flowback water gradually develops a higher salt content as it returns to the surface. Flowback water makes up only about 5% of the water from a Barnett Shale gas well. Produced water (see below) makes up the remainder of the water returned from a gas well.
How much water is used to fracture stimulate a well?
For a typical well in the Barnett Shale, Chesapeake Energy uses about 3 million gallons of water in drilling and fracing operations. In comparison, a typical golf course uses about 3 million gallons of water in just 10 days.
What chemicals are used in fracing?
About 98% or more of the fluid used in fracing consists of water and sand. Other typical ingredients and their corresponding concentrations include:
(click on chart to enlarge view)
What is produced water?
Produced water naturally exists in the Barnett Shale formation. This water comes to the surface with the natural gas during production operations. Containing naturally occurring elements such as salt, produced water can have up to three times the chloride content of seawater and continues to flow throughout the life of the well. The flow diminishes significantly over time, with water output dropping approximately 75% after 60 days. Produced water makes up about 95% of the byproduct from a gas well in the Barnett Shale.
Salt Water Disposal
What happens to the produced water?
In the Barnett Shale, once produced water is separated from the gas, it is returned deep within the earth from where it came using salt water disposal (SWD) wells, a type of Class II injection well used by the oil and gas industry. SWD wells are licensed and regulated for the disposal of water generated from the production of oil and gas. There are currently more than 50,000 Class II injection wells and over 11,700 active SWD wells operating in Texas. Barnett Shale SWD wells are drilled into the Ellenburger formation, more than 1.5 miles below the surface, for the disposal of water generated from natural gas operations.
Tank batteries are present at each drillsite to store water from natural gas production.
What is the Ellenburger?
The Ellenburger is a porous rock formation which exists beneath the Barnett Shale. Located about a mile and a half underneath the earth’s surface, this subsurface stratum already contains naturally occurring salt water, making it an ideal location to inject produced water from the Barnett Shale operations. The span between the fresh water aquifers and the Ellenburger formation is made up of multiple layers of impervious rock, which prevent the injected water from migrating upward.
What measures are taken to ensure the safety of a salt water disposal well?
The Railroad Commission of Texas regulates disposal wells and their construction. These regulations are the industry standard and are considered safe and effective. Still, Chesapeake exceeds the Commission’s standards, constructing SWD wells with seven layers of protection in order to effectively isolate the water being injected from any drinking water aquifers.
1. Surface casing is run 150 – 200 feet below the deepest drinking water aquifer
2. A layer of cement holds the surface casing in place
3. Production casing runs through 1.5 miles of rock between the groundwater sands
and the Ellenburger formation
4. A layer of cement holds the production casing in place
5. A packer is installed at a level below the Barnett Shale (more than 7,000 feet below
the surface)
6. Steel tubing is added all the way down to the Ellenburger
7. An internal plastic coating is added to the tubing to prevent corrosion
In addition, more than 1.5 miles of impervious rock exists between the injected water and the fresh water aquifers, making it virtually impossible for any produced water to come into contact with these zones.
The mechanical integrity of SWD wells is tested regularly, and the pressure in the well is monitored continuously to ensure that all of the disposed water reaches the Ellenburger formation.
Why use Saltwater Disposal Wells?
Saltwater disposal wells are a proven technology. The disposal of produced water through use of this technology is a monitored, safe and necessary practice which is overseen and inspected regularly by the Railroad Commission of Texas.
“When wells are properly sited, constructed and operated, underground injection is an effective and environmentally safe method to dispose of wastes.”
— Environmental Protection Agency
“What is a way to safely dispose of millions of gallons of liquid waste per year from many manufacturing sites?
“In what way can millions of gallons of municipal sewage-derived liquid waste be disposed of without impacts to lakes, rivers or oceans?
“How can we dispose of, or even better, use billions of gallons of fluids from oil and natural gas production to help produce more oil?
“The answer to all of these questions can be summed up in two words: underground injection.”
– Groundwater Protection Council
Why use SWD wells & pipelines?
Strategically located SWD wells can reduce the miles trucks must travel in order to dispose of produced water. Connecting water pipelines from gas well sites to SWD sites would lessen truck traffic even more dramatically, reducing emissions, traffic noise, traffic congestion, road repairs, and improving the safety of the city.
Natural gas pipeline is laid at DFW International Airport as planes fly overhead. To reduce the need for water trucks, the wellsites at the airport are connected to saltwater disposal wells via
water pipeline.
Recycling Technology
Why can’t the water generated from natural gas production be recycled?
Most of the water from natural gas production is too highly concentrated with naturally occurring minerals, such as salt, to be recycled effectively. There has been some success in recycling the first 5% of returned water, which is the frac or flowback water. However, by the end of the first week after fracing, flowback salt content can reach as high as 70,000 ppm, more than twice the salinity of sea water (30,000 ppm). At this time, the majority (95%) of the water returned from the well, with its high salt content, is too saturated to make recycling economically viable. Chesapeake and others in the industry are constantly evaluating opportunities to treat this produced water, so that less of it will need to be injected using SWD wells.
Is Chesapeake employing any methods of recycling?
As part of a joint pilot project with the City of Fort Worth, Chesapeake is studying water evaporation systems as a potential way to reduce the amount of produced water being injected into SWD wells. Using the heat generated by natural gas compressor stations — an energy source that would typically be wasted — the system filters and then evaporates a portion of the produced water. The clean water vapor is then released into the atmosphere, where it will eventually return to the earth in the form of rain as part of the earth’s hydrological cycle. For more information on this technology, visit www.intevras.com/evras.html.
This EVRAS sytem has the ability to evaporate a portion of the produced water from natural gas drilling, reducing the amount of water needing to be injected into saltwater
disposal wells.
Water Transportation Options
What are the methods to transport the water generated from natural gas production?
Water from wellsites is either trucked or piped to salt water injection wells for disposal. Water trucks can transport between 5,000 to 6,300 gallons of water per load, depending on the size of the vehicle. Truck traffic, like the amount of water produced from well, drops significantly in a relatively short amount of time. After three months of production, less than one truck per day per well is needed to carry water to an SWD well. After 6 months of production, only one truck per week per well is required.
Use of water pipeline systems can further reduce the amount of trucks needed to travel to and from wellsites. Formed from polyethylene pipe, these systems are corrosion-resistant and contain monitored sensors at every well pad and no less frequently than every mile per pipe to ensure immediate response to potential leaks.
What measures are taken to ensure the safety of a salt water pipeline?
The pipeline used to transport produced water is made of corrosion resistant polyethylene and is nearly an inch thick. Fused couplings are used to maximize leak protection, making the seams the strongest portion of the pipe. Sensors are installed no less frequently than every mile to monitor the flow in the pipe, while state-of-the-art SCADA controls can be shut down immediately and remotely should a change in flow be detected.
References
Where can I find more information?
To learn more about the topics on this page, contact the following organizations:
Railroad Commission of Texas
www.rrc.state.tx.us
877-228-5740
U.S. Department of Transportation
www.dot.gov
202-366-4000
U.S. Department of Energy
www.eia.doe.gov
202-586-8800
Intevras
www.intevras.com/evras
512-538-2668
Natural Gas Regulations
www.naturalgas.org
202-326-9300
Code of Federal Regulations
www.ecfr.gpoaccess.gov
U.S. Government Printing Office
202-512-0000
Environmental Protection Agency
www.epa.gov
National Response Center Hotline
800-424-8802
Clean Air Technology Hotline
919-541-0800
Barnett Shale Water Conservation & Management Committee
www.barnettshalewater.org
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We are the largest producer of natural gas in the United States. We own interests in approximately 39,200 producing natural gas and oil wells that are currently producing approximately 2.3 billion cubic feet equivalent, or bcfe, per day, of which 92% is natural gas. Our strategy is focused on discovering, acquiring, and developing conventional and unconventional natural gas reserves onshore in the U.S., east of the Rocky Mountains.
Our most important operating area has historically been in the Mid-Continent region of Oklahoma, Arkansas, southwestern Kansas and the Texas Panhandle. At March 31, 2008, 47% of our estimated proved natural gas and oil reserves were located in the Mid Continent Region. During the past five years, we have also built significant positions in various conventional and unconventional plays in the Fort Worth Basin in north-central Texas; the Appalachian Basin, principally in West Virgina, eastern Kentucky, eastern Ohio, Pennsylvania and southern New York; the Permian and Delaware Basins of West Texas and eastern New Mexico; the Ark-La-Tex area of East Texas and northern Louisiana; and the South Texas and Texas Gulf Coast regions. We have established a top-three position in nearly every major unconventional play onshore in the U.S. east of the Rockies, including the Barnett Shale, the Arkansas Fayetteville Shale, the Louisiana Haynesville Shale, the Appalachian Basin Devonian and Marcellus Shales, the Delaware Basin Barnett and Woodford Shales in West Texas, and the Alabama Conasauga and Chattanooga Shales.
Our proved natural gas and oil reserves have increased more than nine-fold from 1.2 tcfe in 1999 to 11.5 tcfe as of March 31, 2008. Similarly, since 1999 our average daily production has grown at an annualized rate of 25% to approximately 2.3 bcfe per day, of which 92% is natural gas. We own interests in approximately 39,200 producing natural gas and oil wells and have built what we believe is the largest combined inventories of onshore leasehold (13.9 million net acres) and 3-D seismic data (20.0 million acres) in the U.S. On this leasehold, the company has approximately 33,700 net drillsites, representing more than a 10-year inventory of drilling projects, on which we believe we can develop approximately 4.0 tcfe of proved undeveloped reserves and approximately 37.2 tcfe of risked unproved reserves. Chesapeake's 11.5 tcfe of estimated proved reserves and its 37.2 tcfe of estimated risked unproved reserves together total approximately 49 tcfe.
http://www.askchesapeake.com/en-us/chesapeake/Pages/default.aspx
tkcomputer9999: I see what you mean:
North La. gas drilling spreads to Ark.
http://www.aogc.state.ar.us/ALL%20FayettevilleFrac%20FINAL.pdf
MAGNOLIA (AP) A couple of gas companies drilling in the Haynesville Shale formation in north Louisiana have acquired permits to drill at three sites in Columbia County in south Arkansas.
The Haynesville Shale stretches across parts of Louisiana, Oklahoma and Texas and holds an estimated 29 to 39 trillion cubic feet of natural gas, though the range of the formation is not fully known. The Fayetteville Shale formation in central Arkansas holds an estimated 20 trillion cubic feet.
It's not clear whether the companies interested in Columbia County intend to tap the Haynesville formation, but the planned wells would go quite deep. Two wells would go 8,800 feet and one would go 11,000 feet, and one is to be horizontally drilled.
Discovery of the Haynesville Shale was announced by Chesapeake Energy Corp. spokesman Saire Joubert says the Haynesville Shale's close proximity to Columbia County and its unknown boundaries would lead to natural gas exploration in Columbia County.
"According to our producers, the boundaries have not yet been discovered. It doesn't mean that you're not included, but it doesn't mean that you are included. Chesapeake and the other companies are planning to produce within boundaries that have been discovered and then once that has started, they will begin looking to expand those boundaries," Joubert told the Banner-News in Magnolia.
The Louisiana Department of Natural Resources' description of the Haynesville Shale says it extends into southwestern Arkansas.
Major players in the Fayetteville Shale development, including Southwestern Energy Co. and Chesapeake, have committed billions of dollars to getting the gas out of the ground. The companies have been paying landowners for rights to drill. Joubert said south Arkansas could see a smaller scale pursuit of leases.
"If there are good indications of production capabilities, you might see the same level of interest as what has been going on here," Joubert said.
She said the Haynesville shale is currently being explored by geoscientists and petrophysicists using three-dimensional seismic testing and actual well drilling. No time frame was given for expansion of production outside Louisiana.
"It is based on your ability to get rigs, for one thing. There are several factors, mainly your ability to get rigs," she said.
http://www.ksla.com/global/story.asp?s=8952681&ClientType=Printable
hal, I agree- it's moving!
Bid:.0004 /Ask: .0005
I'm off to work now.
Does anyone know if an E-C Water Pure unit is in La. on the Haynesville field? There are some major energy companies there who want to keep local environmental authorities at ease with the green development of this very young and HUGE world class gas field!!!!!
http://geology.com/articles/haynesville-shale.shtml
Reg. D was used for more E-C Water Pure units
and for operating personnel payroll as stated in the filing. The newest unit and the two refurbished units back from England are now in use. I do not know why the last few ECCI Press Releases have not been more specific about all this. There are only veiled references about testing for various customers.
I am informed and believe that the work being done now at least in one location in South Texas and at another location in North Texas with E-C Water Pure Units is not being done for free. The oil patch is secretive. Small operators and large majors all keep their cards close to the vest.
But I do not think ECCI has conducted any unnecessary share dilution. Management at ECCI are the biggest shareholders and they want a big pay day as much and more than any of us.
When the time is right, the lights will be turned up and they will roll over their cards. Then I think the posters here will be VERY surprised who the players are and how strong of a hand ECCI has. I would not recommend shorting ECCI much longer. You know who you are!
http://www.stwresources.com/_pdf/tarrant-county-produced-water.pdf
http://www.tradingmarkets.com/.site/news/Stock%20News/1798042/
Give Jay Ewing a telephone call!
Interesting Reg D from last April:
It was a paper filing (now scanned into link below) without an Edgar html filing or ECCI press release. Note what the private equity financing was purportedly used for:
http://www.sec.gov/Archives/edgar/vprr/08/9999999997-08-021156
I think some of these 6 investors were the sellers from .0012 down to .0001 for months and months. I sure hope ECCI benefited from this private equity financing. It was painful. But now the sellers in size are gone, and we have normal trading- and something's up! I wonder what it is? Could it be a CONTRACT?
Primary Wave 3 of 5 up will be the result of the revelation of the latest secret...I wonder if we are in wave ii of 1 or Primary 2 correction already.
Time favors the former but the magnitude of price actually favors the latter.
That has been my custom and habit for the last 9 months on this one.
LOL
History is what it is. So is the future. GLTY
Another interesting morning on low volume?
I see that a food fight broke out while I was away at work yesterday. Then ECCI stock price made a normal and healthy "correction" from recent trend. Wave 2 of an impulsive 5 wave set up? It all makes sense. But which caused the other- the correction or the food fight? LOL Elliott Wave is all about investor psychology.
I called ECCI yesterday and spoke to all the Usual Suspects. I'll say this about the company: they are playing by the SEC rules.They will not give out ANY private material information. This behavior is the dead ass opposite of the scams that I have seen in the past Pinksheet post office wanted posters. Further more, there is no discernible news cycle where there is an effort to pump up share price so the company can sell into it: dilute.
This may be frustrating to some, but I find it reassuring. Now, when the next press release does come out, I only need to look for the substance mustangny outlined so well in one of his last posts on the subject. And I think there will be news, sooner than later, about CONTRACTS with respectable corporations with names and reputations that we all know and respect. If not, I get CRUSHED again in Pinkland. It is a matter of time until we are updated. I just pray it all comes out in a PR when we are at .0008 or higher and not when we are at .0001.
Either way, someone will make a bunch of money. And my friends across the country at Aqua-Pure/Fountain-Quail may end up either resigned with ECCI or furious. LOL At least I hope so.
Oh, Canada!
Mot excited, mick....
just bored. Need to go to work now in the real world. Snow, ice and labor. over and out.
He is going ballistic, so am I