[Oil-Finder]

Next Great Gas Play

*edited out whole story*

Oil,

The link suffices, dont need to copy the whole thing here if you don't mind. Makes the page size play nice and less bandwidth.

AirlinePilot

[AirlinePilot]

Oil,

PM me If you dont get how to use the link tool. Its the little green ball with link attached. Works great. You can paste the link, then name it as I did above to shorten it.

AP

[TheDude]

TOD had a piece by Dave Cohen concerning this sort of thing: Will Unconventional Natural Gas Save Us? Unconventional masked the peak in conventional NA NG production, as I recall.



Fort Worth's right on top of the Barnett.

Link Maker button:

Made that by right-clicking on the button and selecting "Copy Image Location," then using the Image button:

Meaning to write a little piece on how to be a Power User here.

[Oil-Finder]

$this->bbcode_second_pass_quote('AirlinePilot', 'O')il,

PM me If you dont get how to use the link tool. Its the little green ball with link attached. Works great. You can paste the link, then name it as I did above to shorten it.

AP

[TheDude]

$this->bbcode_second_pass_quote('', 'S')ince it looks like the modus operandi here is to post only a link, from now on I'll do that.

[Oil-Finder]

$this->bbcode_second_pass_quote('TheDude', '')$this->bbcode_second_pass_quote('', 'S')ince it looks like the modus operandi here is to post only a link, from now on I'll do that.

[copious.abundance]

Here's another one of these just discovered. This one's in NW Louisiana.

The Motley Fool
$this->bbcode_second_pass_quote('', 'O')nce again, the old adage about the rich getting richer holds true. On Monday, Chesapeake Energy broke the news that not only will it speed up the pace of drilling on its successful Barnett Shale and Fayetteville Shale gas plays, but it's also made a new gas discovery in Louisiana -- the Haynesville Shale -- that could outstrip the other two.

In fact, in a Tuesday conference call with analysts, company CEO Aubrey McClendon called Monday's press release "the most important operational announcement in Chesapeake's 19-year history." Chesapeake, a Motley Fool Inside Value selection, currently has four rigs working on the play, and it expects that number to increase to 10 by year's end.

Casting a wide net in discussing the discovery, McClendon said that the play could yield between 7.5 trillion and 20 trillion cubic feet equivalent of potential gas reserves. Chesapeake currently controls more than 200,000 net acres in the Haynesville, a figure it aims to increase to 500,000 acres.

[Tyler_JC]

To throw a dollar figure on that, 20 trillion cubic feet is 20 billion "units" of natural gas. (unit=1000 cubic feet, the common measure of natural gas for the commodities market)

At $10/unit that's between $75 billion and $200 billion worth of natural gas in this one find alone.

Somebody's getting a promotion!

[copious.abundance]

^
And speaking of money, one of the big winners of these unconventional gas plays is gonna be rural landowners. With these energy companies acquiring mineral rights to tens or hundreds of thousands of acres and drilling hundreds of wells, there's gonna be a lot of leasing money floating around these places.