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Chesapeake Energy CEO: US soon to be awash in natural gas

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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby Maddog78 » Thu 02 Apr 2009, 14:23:28

The shale play I'm working in, the Woodford (see map) is also doing just fine.
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Wed 08 Apr 2009, 21:45:55

Another tidbit of info indicating the Haynesville is the best thing since sliced bread.

>>> OGJ <<<
$this->bbcode_second_pass_quote('', '[')...]

In the Haynesville shale play, technology is making gas that was budgeted at $7/Mcf producible at $4/Mcf, Simpson said. "Now, for the first time, the industry can ramp up and down in fairly small increments," he said.

[...]
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby seahorse2 » Thu 09 Apr 2009, 10:33:07

If only Obama would cooperate and do something to create incentives to move to NG usage, as suggested by Pickens. Start with big fleet trucks. So far, nothing.
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Thu 09 Apr 2009, 15:50:33

^
I did start this thread recently to see what happens to a bill trying to encourage just that. I'll try to keep it updated.
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http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby seahorse2 » Fri 10 Apr 2009, 11:49:55

OF2

As I've stated repeatedly over the years, my pessimism lies in the fact that all problems are solvable, I just don't think collectively people will solve them before they manifest into a crisis. Social Security is an example. Its a simple math problem that people have seen, discussed, and "politicked" to death for years, but no action due to political inertia. That's a far simpler problem to resolve than something like switching an economy off of oil dependency to other forms like NG. Like Social Security, most people now agree that something needs to be done about our oil dependence. People all agree something needs to be done but for a myriad of reasons, either global warming, don't send money to arabs, create American jobs etc. Yet, despite the recognition of the problem, so far, nothing. Maybe I will be pleasantly surprised. However, there are good arguments it takes a good crisis to get people moving. Simple recognition of a problem doesn't seem to be enough.

But do track the political end of the problem. I would like to stay abreast of what is going on. Unfortunately, Pickens spoke in my area just last week. If I had known, I would have gone.
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby vision-master » Fri 10 Apr 2009, 11:53:04

What needs to be done with Social Security?
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Fri 10 Apr 2009, 20:28:11

Let's keep this topic about the Haynesville shale. :)
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby TheAntiDoomer » Thu 30 Apr 2009, 10:05:08

Like OF2 says "the best thing since sliced bread" 8O :-D 8)

http://online.wsj.com/article/SB124104549891270585.html

$this->bbcode_second_pass_quote('', 'E')ven conservative estimates suggest the Louisiana discovery -- known as the Haynesville Shale, for the dense rock formation that contains the gas -- could hold some 200 trillion cubic feet of natural gas. That's the equivalent of 33 billion barrels of oil, or 18 years' worth of current U.S. oil production. Some industry executives think the field could be several times that size.
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

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Re: Cheapeake's massive shale (gas) find in Louisiana

Unread postby copious.abundance » Thu 28 May 2009, 17:51:01

It gets better folks. This thing might - just might - be even better than sliced bread!

8O

There is another shale located just above the Haynesville which, according to EnCana's early drilling, could be as big as the Haynesville itself! Though another drilling company isn't so sure. But still - it's more gas!

8O

>>> ZE LINK <<<
$this->bbcode_second_pass_quote('', '[')b]U.S. shale play could be huge: EnCana
Nathan VanderKlippe
Calgary — Globe and Mail Update, Thursday, May. 28, 2009 03:52AM EDT

EnCana Corp. (ECA-T60.721.352.27%) says early drilling results indicate it is sitting on a potentially massive natural gas resource in the southern United States – one that's stacked on top of the already lucrative Haynesville shale of east Texas and western Louisiana.

EnCana said Wednesday it believes the so-called mid-Bossier shale could rival the size of the Haynesville reserve, which the U.S. Department of Energy has estimated contains 251 trillion cubic feet of recoverable natural gas. That's enough to supply the entire continent for 10 years, although only a fraction of technically recoverable gas is usually profitable to produce.

The bonus for EnCana is that the mid-Bossier and the Haynesville are what the industry calls a “stacked play.” Depending on location, the Haynesville shale lies between 3,200 and 4,100 metres below the surface. The mid-Bossier is 150 metres above it. Many wells drilled to obtain access to the Haynesville pass through the mid-Bossier.

Because the mid-Bossier did not initially show as much as promise as the Haynesville, and because of Louisiana land-retention regulations, companies have rushed to drill the deeper Haynesville first. As a result, the mid-Bossier itself has been largely ignored until now.

EnCana, however, has drilled several vertical wells and, in the past few months, a single horizontal well to test the mid-Bossier. It found gas that mirrored the quality and quantity of the Haynesville.

“The thickness and aerial extent are similar to the Haynesville, and we think the gas in place could rival – or is right there with – Haynesville,” Jeff Wojahn, president of EnCana's U.S. division, said in an interview Wednesday.

[...]
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Thu 11 Jun 2009, 14:59:13

Yet another monthly production record. February was only the 2nd month in the last year that didn't set a production record, but as of March they were right back where they were before. I don't think they can control themselves.

http://tonto.eia.doe.gov/dnav/ng/hist/n9010us2m.htm
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Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Thu 11 Jun 2009, 16:34:57

$this->bbcode_second_pass_quote('OilFinder2', 'Y')et another monthly production record.

Oops, I take that back. That's not another monthly production record, that's a new all-time production record!

8)
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby Maddog78 » Thu 11 Jun 2009, 17:04:27

.....and Alaska wants to build a gas pipeline down to here? 8O
Between that and LNG imports, where the hell are we going to put all this gas?
Us shale gas drillers might have to just wait at home for a year or two until we're needed again. :cry:
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Sat 13 Jun 2009, 21:43:10

For the entertainment value. :lol:

From this thread on TOD from 2006, check out this illustrious post.
$this->bbcode_second_pass_quote('netfind', 'W')hile natural gas supply looks rosy for the next 20 years globally, it looks just the opposite for North America. One of history's best guides to predicting future resource production is the shifted discovery curve. Resource production has a very strong tendency to replicate the history of field discovery 25 to 40 years later. If you chart the history of U.S. natural gas production and superimpose the discovery curve from 26 years earlier, you get this:

Image

This chart clearly predicts a drastic decline in domestic gas production soon that makes the global oil peak very mild by comparison. The U.S. is importing from Canada, but if you do a similar chart for Canada+U.S.+Mexico, you get a similar picture. These global/North American gas curves suggest a serious redistribution of the world's gas resources is in order very soon. Gas is plentiful globally, but on a cliff edge in North America.

[...]

And people wonder why I ridicule the doomers! :lol:
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http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby shortonsense » Sat 13 Jun 2009, 22:35:03

I rearranged the pertinent parts of your post, just a little. :-D


$this->bbcode_second_pass_quote('OilFinder2', 'A')nd people wonder why I ridicule the doomers! :lol:


$this->bbcode_second_pass_quote('OilFinder2', 'F')or the entertainment value. :lol:


The same mistake which led Hubbert to predict a peak in natural gas production which was reversed and then recovered some decades later is probably in here messing with the ability of the discovery curve to mean much.

It at least looks better in oil, at least the edited ones which don't show all discoveries of all oil, but just the oil that peakers seem to like, which is as little as possible.
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby TheDude » Sun 14 Jun 2009, 15:07:14

You have to wonder how McLendon's quadrillion cf could be fully exploited, purely on spacing logistics:

Image

Bluedaze: DRILLING REFORM FOR TEXAS

Not that Texans aren't fond of derricks, but everyone has their limits.

That site covers more than NIMBY issues, of course.

Image

Image
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And let me tell you something: I dig your work.
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Sun 14 Jun 2009, 19:24:28

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('OilFinder2', 'A')nd people wonder why I ridicule the doomers! :lol:

You are arrogant and demeaning. Yes?

Speak of the devil!

$this->bbcode_second_pass_quote('pstarr', 'T')his uptick in natural gas is a consequence of a tertiary petroleum technology applied to otherwise inaccessible gas structures. Hydraulic shale fracturing uses copious quantities of water, chemical additives, sand, cement, etc. and is bad for our already-degraded environment.

We aren't going to run out of water any time soon. :roll:

There are some environmental drawbacks to shale NG drilling, but there are plusses too. The abundance of this stuff means we can use lots of it and replace burning oil and coal. The air you breathe and those CO2 additions to the atmosphere everyone complains about will be much improved as a result of all this shale NG.

$this->bbcode_second_pass_quote('pstarr', 'T')hat is uptick depends on extra energy (the cost to procure the natural gas) and results in pollution has not gone unnoticed.

$this->bbcode_second_pass_quote('Dallas Star Telegram', 'O')ne of the biggest issues . . . with hydraulic fracturing is that the companies who use it have not been required to reveal the chemical additives. A bill introduced in Congress by Diana DeGette of Colorado would require companies to disclose drill site chemicals and subject them to the Clean Water Ac
That this uptick in natural gas production requires BIG GOVERNMENT SUBSIDIES is clearly indicative of its economic pointlessness.
WTF??? Another illogical statement. :lol: Not being subject to the Clean Water Act is not a "subsidy." The government isn't paying shale drillers money to not be subject to a regulation. :roll:
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Sun 14 Jun 2009, 20:19:04

BTW, with the magic of Windows maps we can get a really good sense of what these shale gas wells look like once they're completed. While being drilled, yes, they're a mess. But once they're completed they don't amount to much. Some links to bird's-eye photos of completed Barnett wells:
http://www.bing.com/maps/default.aspx?v ... &encType=1
http://www.bing.com/maps/default.aspx?v ... &encType=1
http://www.bing.com/maps/default.aspx?v ... &encType=1
http://www.bing.com/maps/default.aspx?v ... &encType=1
http://www.bing.com/maps/default.aspx?v ... &encType=1
http://www.bing.com/maps/default.aspx?v ... &encType=1

Etc.

So, you get a big mess for a few months but then it's not so bad afterwards. I would, however, agree they should have some landscaping requirements for the site pads after they're done. Loosen up the soil and throw on some wildflower seed and plant a few oak saplings. :)

Here's a completed gas well in Maryland. Horrible-looking, ain't it. :o

Image
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Chesapeake Energy CEO: US soon to be awash in natural gas

Unread postby copious.abundance » Sun 14 Jun 2009, 20:26:38

$this->bbcode_second_pass_quote('pstarr', 'A') subsidy by any other name. Now as a self-described entrepreneur you must find this despicable. Yes?

No. If I ran a small business with just 1 or 2 employees, and the government made the rules such that businesses like mine were exempt from certain labor laws, that would not be a "subsidy." The government is not paying me any money, they've just decided it's not worthwhile to regulate businesses such as mine. Nothing more, and nothing less. If they decided to change the rules to make businesses such as mine subject to those laws, then so be it. But that still does not mean I was being "subsidized" beforehand.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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