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Continental Confirms Springer Success
“Rigzone” reports that Continental Resources, Inc. has announced 4 more wells in the Springer shale play in the South Central Oklahoma Oil Province (SCOOP). The operator estimates that the Grady County wells will have an estimated ultimate recovery (EUR) of 940,000 barrels of oil equivalent each. The wells averaged a vertical depth of 12,625 feet… Read More
Fracking Ban on November 4 Ballot in Denton, TX
In a previous post I mentioned the controversy in a Denton, TX, City Council meeting regarding a proposed ban on fracking within the city limits. The council chose to defer a decision and put it on the November 4 ballot. While the outcome of this referendum is unknown, a recent article in “Rigzone” offers legal,… Read More
Investing in Natural Gas
A recent article in “Rigzone” featured six factors natural gas investors often ignore or do not completely understand. I have summarized them below and added my own comments. The Role that Coal Plays in Natural Gas Demand-Currently the federal government is antagonistic toward coal. This has been advantageous for natural gas. In 2012 coal fired… Read More
Encouraging Results from New Hydrocarbon Sensing Technology
“Rigzone” reports that Wyoming based WellDog Pty. Ltd., is working with Shell International Exploration and Production to adapt spectroscopy technology to shale formations. Spectroscopy has long been used to detect methane and volatile methane/carbon dioxide combinations in coal beds. What makes this technology so promising is its potential to improve the identification of completion intervals… Read More
Ready Market for Bakken Natural Gas
Badlands NGL, LLC and its partners will invest $4 billion in a polyethylene plant in North Dakota which will use natural gas as its feedstock. Polyethylene is used in the manufacture of a number of industrial and consumer plastics and the plant will produce 3.3 billion pounds a year. The plant will also provide 500… Read More
