BP Buys Fayetteville Shale Assets
September 4 | Arkansas News Bureau
BP America is buying a 25% stake in the Fayetteville Shale holdings of Chesapeake Energy in Arkansas for $1.9 billion. The Fayetteville Shale is a deep natural gas-bearing rock unit that has recently been made productive by the technologies of horizontal drilling and hydraulic fracturing.
More on the geology of the Fayetteville Shale. Fayetteville Shale news.
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New Shale Gas is an Energy Boom
August 28 | Money Morning
United States natural gas production is on a new rise after many years of steady decline. The newly tapped plays such as the Barnett, Haynesville and Marcellus have the promise of replacing a lot of oil that otherwise would have been imported.
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Mineral Rights Information
August 15 | Geology.com
Lots of people are being asked to sell the minerals beneath their property or sign a contract that gives a drilling company the right to explore their property for oil and natural gas. This article explores many aspects of mineral rights, and attempts to inform the potential seller/lessor that the transactions and agreements can be very complex and that advice from an expert is a good idea.
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China Eyes Marcellus and Fayetteville
July 28 | Reuters
China National Petroleum Corporation is considering to take minority ownership stakes in some of the Marcellus Shale and Fayetteville Shale properties that will be offered by Chesapeake Energy.
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Natural Gas Royalty Calculator
July 22 | Geology.com
Lots of people have leased their acreage for potential gas drilling and are curious about how much their royalties might amount to. We now have a tool to estimate gas royalty income based upon a few assumptions. You just type in your royalty rate, an assumed natural gas wellhead price, an assumed well production rate, the number of acres in the production unit and the number of production unit acres that belong to you - then push a button.
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Major Oils Are Getting Into Shale
July 20 | NewsOK
Most of the leasing and drilling in the United States gas shale plays have been done by smaller independent companies, but now some of the international oil companies are starting to buy in. BP just purchased $1.75 billion of unconventional shale assets from Chesapeake Energy.
More info on gas shales: Marcellus, Haynesville, Fayetteville, Barnett.
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The Pickens Plan
July 13 | Pickens Plan
T. Boone Pickens has a plan to help America replace the use of foreign oil with domestic energy sources. His plan calls for a greater utilization of wind power and the use of domestic natural gas to replace gasoline as a motor vehicle fuel. With the many new natural gas discoveries made in the past few years the United States is in a better position to support natural gas vehicles.
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Fayetteville Shale & Environment
July 6 | The Daily Citizen
The Fayetteville Shale is an organic-rich shale that is being tapped to produce natural gas in northern Arkansas. This article on the Daily Citizen website explains some of the concerns that the Sierra Club and State Agencies have with the rapid development of this resource.
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Gas Lease? Consult With Your Attorney and Talk to Your Neighbors
June 14 | KSWO
This is an article about how some people are immediately signing gas leases without seeking the advice of their attorney or asking their neighbors what they have been offered. If you want to get some anonymous data about what other folks in your county have been paid you can check an online gas lease database.
More information on Marcellus Shale and Haynesville Shale.
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Geology Field Books and Covers
Promotion | Geology.com
Keep your field notes safe by writing them in a waterproof fieldbook with a waterproof pen that writes at all temperatures and at all angles - even upside down. Protective covers have pockets for three pencils, an acid bottle and a 6" ruler/ scale (items not included). A plastic clip keeps the cover closed and book firmly secured. Has 2" belt loops for easy carrying, or stash the case in your field pack. |
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