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HELLO TRUEHEART, HOW ARE YOU
Halliburton Hunts New Bacteria Killer to Protect Shale-Gas Boom
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By David Wethe
March 29 (Bloomberg) -- Halliburton Co. and Schlumberger Ltd., trying to forestall a regulatory crackdown that would cut natural-gas drilling, are developing ways to eliminate the need for chemicals that may taint water supplies near wells.
At risk is hydraulic fracturing, or fracking, a process that unlocked gas deposits in shale formations and drove gains in U.S. production of the fuel. Proposed regulations might slow drilling and add $3 billion a year in costs, a government study found. As one solution, energy companies are researching ways to kill bacteria in fracturing fluids without using harmful chemicals called biocides.
“The most dangerous part in the shale frack is the biocide,” said Steve Mueller, chief executive officer at Southwestern Energy Co., the biggest producer in the Fayetteville Shale of Arkansas. “That’s the number-one thing the industry is trying to find a way around.”
U.S. House and Senate bills introduced in 2009 would force producers to get federal permits for each well. That and other proposed environmental measures would cut drilling by as much as half and add compliance costs of as much as $75 billion over 25 years, according to a study done for the U.S. Energy Department.
Biocides are employed because the watery fluids used to fracture rocks heat up when they’re pumped into the ground at high speed, causing bacteria and mold to multiply, Mueller said. The bacteria grow, inhibiting the flow of gas.
“You basically get a black slime in your lines,” he said in an interview. “It just becomes a black ooze of this bacteria that grew very quickly.”
Ultraviolet Rays
Halliburton and Schlumberger, the world’s largest oilfield contractors, are among companies seeking biocide substitutes. Houston-based Halliburton said March 9 that it’s testing a process using ultraviolet light to kill bacteria in fracking fluid.
About 80 percent of gas wells drilled in North America are stimulated or fractured in some way, Tim Probert, corporate- development chief at Halliburton, said in a telephone interview.
“It’s incumbent on the industry to continue to develop tools and technologies that are compatible with minimizing the environmental impact of the stimulation process,” Probert said.
Houston-based ConocoPhillips, the third-largest oil company, said March 9 that the world has centuries of gas supplies, largely in unconventional deposits such as shale.
Schlumberger, based in Houston and Paris, spoke with Southwestern about testing a biocide that would last only a few hours before becoming nontoxic, Mueller said. “We have not tested it,” he said. “We only know they’re working on it.”
Ultrasonic Fluid
Schlumberger spokeswoman Mary Jo Caliandro, who confirmed the company is testing new technology, declined to comment on any advance before it’s “commercial.”
Houston-based Southwestern has tested an ultrasonic technique that moves water faster than the speed of sound through a cone-shaped vortex to kill bacteria before the fluid is sent down the well, Mueller said.
“At high speeds, something will happen called cavitation,” he said. “You’re basically smacking the bugs upside the head and killing them.”
Chemicals, including biocides such as chlorine, make up less than 1 percent of fracking fluids. The rest is water and sand. Companies haven’t identified the chemicals they use, citing competitive reasons. Advocacy organizations such as the Environmental Working Group in Washington have called for lawmakers to require energy companies to disclose the chemicals.
Disclosure Issue
“I think the industry’s going to have to be more transparent,” Steven Farris, CEO at Houston-based Apache Corp., the biggest independent U.S. oil producer by market value, said March 22 at the Howard Weil Energy Conference in New Orleans. “‘You can’t say, ‘Trust me.’”
Gas producers are realizing they have to find ways to clean and recycle the water used in hydraulic fracturing, said George P. Mitchell, the Houston billionaire who pioneered development of shale gas in the Barnett formation of North Texas.
“I think a lot of action is going on to get that done,” Mitchell said in a telephone interview. “It’s not an insurmountable task.”
Environmental issues generally begin to be addressed after companies realize there will be a financial cost if they don’t act, said Geoff Kieburtz, an analyst at Weeden & Co. in Greenwich, Connecticut. “The oil industry is as good as any at recognizing those things change over time,” he said.
EPA Permits
House and Senate bills introduced in June would force producers to wait for the U.S. Environmental Protection Agency to develop a permitting process. They’d then have to get approval from the agency for each well. The EPA said March 18 it will spend $1.9 million to study risks associated with fracking.
Environmental concerns over gas production go beyond biocides. Two of 94 monitoring sites at the Barnett Shale, the most productive U.S. shale formation, had elevated levels of the carcinogen benzene in the air, the Texas Commission on Environmental Quality said in January.
“Now, when they have the possibility that something might stop the fracturing and stop the development of the shale, that’s what you have to worry about,” said
Southwestern Energy Announces Exploration Program in New Brunswick, Canada
Company Wins Bids on Approximately 2.5 Million Acres to Explore for New Hydrocarbon Basins
Buzz up! 0 Print
Companies:Southwestern Energy Co. Related Quotes
Symbol Price Change
SWN 40.73 +3.03
{"s" : "swn","k" : "c10,l10,p20,t10","o" : "","j" : ""} Press Release Source: Southwestern Energy Company On Sunday March 28, 2010, 7:00 pm EDT
HOUSTON, March 28 /PRNewswire-FirstCall/ -- Southwestern Energy Company (NYSE:SWN - News) announced that the Department of Natural Resources of the Province of New Brunswick, Canada has accepted the company's bids for exclusive licenses to search and conduct an exploration program covering over 1,018,000 hectares (2,519,000 acres) in the province in order to test new hydrocarbon basins. The company's winning bids require it to make investments of approximately $47 million USD over the next three years. The three-year exploration program represents the company's first venture outside of the United States.
"While the Maritimes Basin has been recognized for years, we have identified a large area which we believe is prospective for oil and natural gas. There is a significant amount of data yet to be collected in order to confirm its economic merit, but if our testing yields positive results, we expect that our activity in the area could increase substantially over the next several years. This could be the beginning of an exciting new chapter in our company's history," stated Steve Mueller, President and Chief Executive Officer of Southwestern Energy.
"This tender call was the largest ever issued in New Brunswick by land mass and has generated the highest bid ever received for exploration rights in our province," said Natural Resources Minister Wally Stiles. "It is indicative of the strong level of interest in oil and natural gas exploration that we are currently experiencing in our province, and we are pleased to welcome Southwestern Energy to our province."
Southwestern Energy Company is an integrated company whose wholly-owned subsidiaries are engaged in oil and gas exploration and production, natural gas gathering and marketing. Additional information on the company can be found on the Internet at http://www.swn.com
BY BEN CASSELMAN
Natural-gas producers are searching for more environmentally friendly ways to get the increasingly popular fuel out of the ground.
Big players such as Devon Energy Corp., Southwestern Energy Co. and Newfield Exploration Co. are experimenting with ways to recycle waste water, use nontoxic chemicals for drilling and eliminate the need for some chemicals altogether. Companies that offer such technology —including long-standing oil-service giants like Halliburton Co. as well as new competitors, one of which is backed by former football quarterback Drew Bledsoe—have spotted an opportunity.
Hydraulic fracturing—in which millions of gallons of water, sand and chemicals are injected deep into
drilling permits for Marcellus gas
Inquirer graphic: see all of the sites where the state has issued drilling permits for Marcellus gas.
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Gas Drilling Going Deep
By Andrew Maykuth
Inquirer Staff Writer
So far in 2010, natural gas exploration companies have broken ground on three Marcellus Shale wells in Pennsylvania every day, triple the pace of a year ago.
The Marcellus Shale Coalition, the industry trade group, estimates that up to 1,750 wells will be drilled this year, up from 763 last year.
At $4 million a well, that's a $7 billion investment - not counting land-acquisition costs or royalties on gas produced.
Some costs are being financed by foreign companies, which are pouring billions into a region that not long ago was barely worth a glance from the window of a passing airliner.
Operators are now consolidating their holdings and lowering their production costs by drilling longer lateral bores that thread through the mile-deep shale, which lies under much of Pennsylvania and four other states.
They're also scrambling to manage the wastewater from hydraulic fracturing, the environmentally controversial extraction technique that has come under congressional scrutiny.
According to industry analysts, the pace of development is not sustainable if the price of natural gas remains below $6 per thousand cubic feet. (It's currently below $5.)
"Operators do not have the money to drill in 2011 the way they're drilling in 2010," said Subash Chandra, an energy analyst for Jefferies & Co. Inc. Some small operators are vulnerable, he said.
According to public statements and documents filed with the Securities and Exchange Commission, the Marcellus has become a top priority for many big gas operators. Clear patterns are emerging about where the biggest companies have planted their flags.
Here are the top 20 Marcellus players, ranked on the basis of the number of wells drilled since 2008, when the Pennsylvania Department of Environmental Protection (www.depweb.state.pa.us) began keeping separate statistics on Marcellus wells.
Atlas Energy Inc., Moon Township, Pa. Active in the Appalachian Basin for more than 40 years, Atlas controls 586,000 Marcellus acres, mostly in southwestern Pennsylvania. Most of its 226 wells are vertical, which produce less gas than horizontal bores.
Atlas plans to drill about 25 horizontal Marcellus wells in 2010. It has hired an investment banker to sell a stake in its acreage.
Range Resources Corp., Fort Worth, Texas. The first Marcellus well was drilled by Range in 2004, and most of its capital budget is allocated to Pennsylvania. At the end of 2009, it produced 113 million cubic feet of gas a day, top among operators. It plans to drill 150 wells this year - it has 167 already.
Range has leased 1.1 million acres in Pennsylvania. Most of its drilling has been in Washington County, but it is poised to move into Lycoming, Clinton, and Centre Counties, where it has 85 well permits.
East Resources Inc., Warren, Pa. A private company, East Resources has transformed from a traditional shallow-well operator into one of the biggest Marcellus players, with about 900,000 acres. Most of its wells, and 94 percent of its drilling permits, are in Tioga County.
Last year, it attracted a $350 million investment from private-equity firm Kohlberg, Kravis, Roberts & Co. to finance its drilling program.
Chesapeake Energy Corp., Oklahoma City. A big national gas-exploration company, Chesapeake has 1.6 million Marcellus acres and is the biggest Marcellus stakeholder, according to Jefferies & Co.
Chesapeake's well permits are mostly in Bradford and Susquehanna Counties. It has a 50-50 joint venture with Anadarko Petroleum Corp.
StatoilHydro ASA of Norway has invested $3.4 billion in Chesapeake's Marcellus venture.
Talisman Energy Inc., Calgary, Alberta. The Canadian company, which until this year operated in Pennsylvania as Fortuna Energy Inc., has acquired 218,000 Marcellus acres, primarily in Tioga and Bradford Counties.
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Gas companies eager to tap Marcellus Shale
Buzz up!By Rick Stouffer, PITTSBURGH TRIBUNE-REVIEW
Wednesday, March 17, 2010
Last updated: 9:20 am
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Rick Stouffer is a Pittsburgh Tribune-Review staff writer and can be reached at 412-320-7853 or via e-mail.
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Cracking the Marcellus Shale to gather natural gas has exploration-production companies competing to acquire each other to lease and/or purchase acreage, industry watchers said.
This rush to develop the Marcellus region, which has an abundance of the fossil fuel 6,000 feet below much of the state, could lead to an influx of new companies in Western Pennsylvania to take advantage of low-cost energy and a boom in blue-collar jobs, the experts said.
"This region will become self-sufficient in terms of energy. There's enough natural gas in the Marcellus to power this state for 180 years," said Kent Moors, director of Duquesne University's Energy Policy Research Group.
On Monday, coal producer Consol Energy Inc., based in Cecil, became the latest company to take advantage of the Marcellus Shale region, agreeing to pay Dominion Resources Inc. $3.5 billion in cash for its entire Appalachian Basin exploration-production business. Consol will combine that with its natural gas business that developed from extracting methane from coal seams.
"We're not getting out of the coal business; we're getting more into the gas business," Consol CEO J. Brett Harvey said.
"Short term, there will be fair number of jobs developed in this area to drill the wells," said Lester Lave, a Carnegie Mellon University professor and co-director of the university's Electricity Industry Center.
Long term, Lave believes the lure of cheap, close-by natural gas could make this region the place to relocate for those needing cheap power to operate.
"You could have a blue-collar boom here. Cheap gas really could stimulate industry, everything from glass making, to fertilizer, to power plants -- a lot of industries run on cheap fuel," Lave said.
Consol's deal with Dominion was preceded by other Marcellus-related transactions, including Exxon Mobil Corp.'s $41 billion deal in December to buy Houston-based XTO Energy Inc.; a $350 million investment in June by private equity firm Kohlberg Kravis Roberts & Co. in Warrendale-based East Resources Inc.; and Oklahoma City, Okla.-based Chesapeake Energy Corp's $3.4 billion sale of 580,000 Marcellus acres to Norway's Statoil in 2008.
The Marcellus formation stretches from southern West Virginia, through most of Pennsylvania and into upstate New York.
Talisman Energy Inc., one of the world's largest, independent oil and natural gas exploration-production companies, this year will spend $1 billion developing its Marcellus Shale reserves in the state.
The Calgary, Alberta, Canada-based company this summer will relocate its U.S. headquarters to Cranberry from Long Island. By year's end, 125 employees will occupy 50,000 square feet of new office space.
"Our land holdings in the Marcellus Shale region primarily are in Bradford, Tioga and Susquehanna counties, in the northern tier," said Talisman spokesman Mark Scheuerman. "But the Marcellus covers a wide expanse, and we felt from a recruiting perspective, the best place to put our U.S. shale headquarters was Warrendale."
"It's our opinion that the Marcellus formation represents a huge economic opportunity for Pennsylvania and New York," said Andrew Bradford, manager of energy market analytics for Bentek Energy LLC of Evergreen, Colo.
A Penn State University study last year projected that Marcellus-related activity by 2020 could translate into $13.5 billion of economic impact and nearly 175,000 related jobs.
The experts believe that potential obstacles to Marcellus Shale development can be overcome.
Water is a key component to a process known as fracking, which allows the natural gas to escape and be gathered. For each well, as much as five million gallons of water, mixed with sand and chemical additives is pumped at high pressure underground to fracture the shale, with 30 percent to 60 percent of the polluted waste water returned to the surface once the process is completed.
"I don't think fracking bothers the water table because it's performed well below the water table," Lave said. "Companies use a lot of water to frack, but Pennsylvania has been blessed with a lot of water, so I don't think we will run into a lot of water problems."
Bradford said the fracking process has been utilized worldwide for decades and that keeping drinking water safe shouldn't be a deterrent to development
85k trade so far so what did you sell 4000 share
STUART, Fla., May 10 /PRNewswire-FirstCall/ -- Ecosphere Technologies, Inc. (OTC Bulletin Board: ESPH), a provider of clean air and water technology solutions, today announced that it will showcase its Mobile Water Purification System (MWPS) for disaster relief efforts at the Florida Governor's Hurricane Conference.
rumor, sweet deal over sea, and landed deal with big oil co.
where political thread located
A Guy Goes into a Bar..... 25-Jan-10 12:59 pm "Guy goes into a bar, there’s a robot bartender. The robot says, "What will you have?" The guy says, "Martini." The robot brings back the best martini ever and says to the man, "What’s your IQ?" The guy says, "168". The robot then proceeds to talk about physics, space exploration and medical technology. The guy leaves, but he is curious, so he goes back into the bar. The robot bartender says, "What will you have?" The guy says, "Martini". Again, the robot makes a great martini, gives it to the man and says, "What’s your IQ?" The guy says, "100." The robot then starts to talk about Nascar, Budweiser and John Deere tractors. The guy leaves, but finds it very interesting, so he thinks he will try it one more time. He goes back into the bar. The robot says, "What will you have?" The guy says, "Martini", and the robot brings him another great martini. The robot then says, "What’s your IQ?" The guy says, "Uh, about 50." The robot leans in real close and says, "So, you people still happy you voted for Obama
The HydroPack, FROM ARIZONA BEWARE OF SOME OF THERE SITES THERE ARE VIRUS ON THERE SITES MAKE YOU WONDER WOW
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on may 8 2009 ccc took out a loan for 100million did the co, ever post this.
let me tune u up, there are college's on the east coast, that has in there 401k millions of shares. and holding for a long term. so keep fishing
hello j-ro nice name from bud, take a look at esph only if you want some extra $$$$$$$$$$
blue shoe loves esph
Why didn't i buy when .52 was broken,i wanted it confirmed,why didn't i buy when the PR came out,cuz i have a crew of men/painters i have to administer to and who would have guessed it would travel that fast,hope ya all made bank,watching to see where we consolidate since real numbers aren't for another 2 months.....doh
as howlow would say...later and GL
call your broker ask the question, where does a stock have to trading at, what price my understand is one of these exchange require the stock to be at 3.00 to 5.00
-- Prepare to move up to the NASDAQ or NYSE/AMEX exchange.
-- Increase our exposure within the brokerage community and to
institutional investors
well trueheart,there 2 way u can look at this, one what he know we don't know, and 2 is if you had the cash buy these share's direct from him at 5 cent to 7 cent. or name a price.
Print reportFind insider trading for:
Deep Down Inc: Insider TradingThe following transactions were listed on a Form 4 document filed with the SEC.
Transaction Detail back to Transactions Overview
Name CHAMBERLAIN ROBERT EDWARD JR
Title Beneficial Owner of more than 10% of a Class of Security
Remaining Shares 26 Mil
Trade Date 11/13/09
Transaction Sold
Quantity 305,100
Price $0.20
Value $61,020.00
Insider filings are updated daily and are based on forms filed monthly with the SEC.
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Data providersCopyright © 2009 Thomson Reuters. Click for Restrictions.Quotes supplied by Interactive Data Real-Time Services.
NEW YORK (AP) - Prosecutors investigating Bill and Hillary Rodham Clinton were prepared to seek indictments of them for their roles in the Whitewater and Monica Lewinsky affairs, an explosive new book about the former president's scandals charges.
In "The Death of American Virtue: Clinton vs. Starr," due out in February, author Ken Gormley also says that Lewinsky believed Bill Clinton lied about their affair during grand jury testimony about his relationship with the White House intern.
The Associated Press on Friday obtained a copy of the book by Gormley, a Duquesne University law professor, about the scandals that enveloped the final years of the former president's second term. Excerpts from the book were first reported Thursday on the Politico news Web site.
Calls seeking comment from now-Secretary of State Hillary Rodham Clinton and the former president's foundation weren't immediately returned Friday.
Gormley didn't return AP calls seeking comment; his publicist, Penny Simon, said Friday Gormley wouldn't speak about the book until its Feb. 16 release.
Former independent counsel Kenneth Starr's office spent millions in the 1990s on a probe of Clinton's affair with Lewinsky and efforts to cover it up, which led to the president's impeachment by the House. Starr's five-year probe also investigated the Clintons' Whitewater business dealings, the suicide of deputy White House counsel Vincent Foster, firing of White travel office workers and charges that White House officials misused FBI files.
After Starr left office, his successor, Robert Ray, sent a message to the ex-president that he was prepared to prosecute Bill Clinton. The books says Ray "took steps to instill the fear of God in the White House."
"I wanted them to know I was coming," Ray said. "I was fully of the view that if I was not prepared to carry out the threat, it wasn't worth making."
Lewinsky told Gormley that Clinton lied in grand jury testimony about the sexual affair they had.
"There was no leeway on the veracity of his statements because they asked him detailed and specific questions to which he answered untruthfully," Lewinsky said this year, according to the book.
Starr prosecutors in 1998 proposed to formally indict Hillary Rodham Clinton on charges she and a former law partner lied about her business dealings with Madison Guaranty, a failed savings and loan connected to friends James and Susan McDougal, Gormley wrote.
The indictment was drafted against Clinton and Webster Lee Hubbell to be filed in Arkansas federal court, the book said.
"Yet the consensus was that any effort to prosecute Mrs. Clinton would be extremely risky," Gormley wrote. Prosecutors believed that "getting an Arkansas or a Washington grand jury to indict the First Lady seemed like a long shot." Starr prosecutors instead decided to focus efforts on charges against the former president, the book says.
In a deal with prosecutors on his last full day as president, Clinton acknowledged that he gave false testimony in the Lewinsky scandal, heading off the threat of indictment. As part of the deal, the president said he gave false answers in a January 1998 deposition, but he insisted he didn't do so knowingly, an important element of the crime of perjury.
In Gormley's new book, former Secret Service Director Lewis Merletti says that the FBI was suspicious that he had colluded with Clinton in order to get the agency's top job. Merletti claimed an FBI agent accused him of concealing Clinton's indiscretions. The FBI agent denied the accusation.
Gormley interviewed the former president, Starr, Lewinsky, Susan McDougal - who spent 18 months in prison for refusing to testify before a Whitewater grand jury - and ex-Arkansas state worker Paula Jones who filed a sexual harassment lawsuit against Bill Clinton.
He did not interview the former first lady
any u guys have any ideal where this stock will be trading when esph DOES A COOL 1 BILLION IN SALES????????
i have talked to alot of heavy hitter people out of western pa about this stock and after they did there home work on this stock
i have got calls saying they are loading up. these folks are aware of all the drilling going on in pa.
trueheart name of the game is to sell or least whoever
Marcellus projects rival Haynesville core
Published: Nov 16, 2009
Mikaila Adams
OGFJ Associate Editor
Marcellus one of few North American plays to see activity increase
The Marcellus shale has been a hotbed of activity over recent months. Here are a few highlights:
Recent permits
There were 25 vertical and 227 horizontal Marcellus permits issued in Pennsylvania in October compared to 184 horizontal permits issued in September. Bradford (65 H), Tioga (54 H, 3 V), and Washington (37 H, 2 V) Counties had the highest number of horizontal permits, while Greene (8 V, 9 H) and Westmoreland (6V, 1 H) Counties had the highest vertical permit count.
Companies issued the most horizontal permits in the time period were East Resources with 23 in Tioga, Talisman Energy Inc. (Fortuna) with 38 in Bradford, Ultra Petroleum Corp. with 18 in Potter, Chesapeake Energy with 27 in Bradford, and Range Resources Corp. with one in Beaver and Westmoreland and 35 in Washington.
According to research by Pritchard Capital partners, the play was one of only a few North American plays to see an increase in activity. The rig count for the play increased from 32 to 63 this year, and increased 186% since 4Q08. These numbers “dramatically” beat the aggregate count for major unconventional plays, which decreased 38% over that same time period, noted Pritchard.
Year to date, Chesapeake (Chesapeake Appalachia LLC) has been granted the most permits across the Marcellus with a total of 246 (Bradford 217, Cambria 1, Somerset 4, Susquehanna 23, Washington 1).
Recent transactions
There were a few recent transactions of note in the Marcellus. In early October, Newfield Exploration Co. and Hess Corp. signed an agreement to jointly explore the play. The agreement covers up to 140,000 gross acres primarily in Susquehanna and Wayne Counties, Pennsylvania.
In late October, Houston-based Magnum Hunter Resources entered an agreement with privately-held Triad Energy Corp. to acquire substantially all of Triad's oil and gas exploration and production operating assets. The $81 million deal, which includes Triad’s 47,000 net Marcellus acres, will take effect after Triad’s Chapter 11 reorganization plan becomes effective.
As of June 30 2009, Reno, Ohio-based Triad had total proved reserves of 5.2 MMboe (69% crude oil and 29% proved developed), and daily production of 1 Mboe from 2,000 wells. The deal is expected to close in late 2009 or early 2010.
Then, in early November, Petroleum Development Corp. and Lime Rock Partners formed PDC Mountaineer LLC, a joint venture principally focused in the Marcellus shale region. Petroleum Development contributed assets valued at roughly $158.5 million, including 115,000 Appalachian acres, 55,000 of which are prospective for the Marcellus. Lime Rock funded $45 million as a return of capital at closing, and PDC has an option to take a second cash contribution of $11.5 million by year-end 2010.
Investment thesis
According to recent analysis by Pritchard Capital Partners, at $4/MMbtu, $5 and $6 NYMEX gas prices, a typical Marcellus horizontal generates a 26%, 48% and 70% IRR, respectively, thus making the Haynesville core (DeSoto, Bossier, and Red River Parishes, LA) the only comparable US shale play project.
Equitable Resources Inc. reported a 9 MMcf/d 30-day IP rate for a horizontal well that cost $3 million to complete. Cabot Oil and Gas Corp. brought on a well with a 10+ MMcf/d IP rate (2,500 foot lateral, eight stage frac) at a cost of $3.6 million. Chesapeake Energy Corp. reported horizontals with peak rates of 10.1 and 8.9 MMcf/d at well costs for $4.5 million.
When comparing the two plays, Pritchard Capital noted Marcellus wells “achieve the same IRRs at less than half (44%) the price. Using a CXG type well, Marcellus wells achieve a 16% IRR at $3.50/Mcf gas
i can only show you where the water at, can't force you to drink it?????????????????
thank you for your shares
thank you
trueheart remove my email address, please
read the email
trueheart, this dr, kent moors, google his bio.
read my post number 890 look at that web site
go to message 890, look up the web site see if you can up load to the i box, give you ideal, in color and some history.
i know about the barrel of water, however its amt of saving to the natural gas co's per m.c.f. its around 1.25 saving. that these co's can add to there bottom line. i am aware of the leasing these units. however if you have a gas co. that are drill 200 to 400 wells you need more than one or 2 units,so the next step will to buy them for about 300k each. i have a friend from pa. he saying with in 6 to 36 months the drilling is going realy go 20,000 to 30,000 wells if not more. now look at the profits