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Chesapeake’s “Propageddon”
Chesapeake Energy Corp. recently set a new record by pumping more than 25,000 tons of sand down a well in North Lousiana’s Haynesville shale, according to “World Oil”. This record volume of sand was used in a frac job on the company’s Black 2&11-15-11 1H gas well with a 9,764 foot lateral leg. Jason Pigott,… Read More
Downside of Oil Rally
“World Oil” reports that for the first time in 16 months, natural gas prices have finally broken the $3 per Mcf (thousand cubic feet) barrier. Record demand as a result of an unusually hot summer, pipeline sales to Mexico, liquefied natural gas (LNG) exports, and fuel substitution from coal to natural gas, have all helped. … Read More
LNG Exports to Double
“World Oil” reports that the U. S. and Cheniere Energy (the only company actually exporting liquefied natural gas, or LNG) are set to double exports. The Federal Energy Regulatory Commission has given its approval to open two more process trains at the company’s Sabine Pass facility and ship it to overseas customers. In a recently… Read More
Irrational Oil Prices
In what appears to be a trend on “Oil Voice”, the website recently posted an article which contends that facts no longer matter in the global oil market. In the article, author John Richardson makes the case that the fundamentals of supply and demand have now been supplanted by emotion and spin management in determining… Read More
The Rest of the Story
The recent run up in oil prices has been cheered from Midland to Kuala Lumpur. Domestic oil and gas operators, especially those with large shale positions, hedged production and revived plans for new projects. However, “Oil Voice” recently carried an article by Alahdal Hussein in which the author presented his view regarding the OPEC production… Read More
