News for Mineral Rights Owners | Mineral Web

Higher Natural Gas Prices on the Horizon?

September 9, 2012

Rigs continue to shift away from natural gas plays like the Haynesville to liquids-rich plays like the Eagle Ford Shale and Bakken. Since the end of 2010, more than 100 rigs have moved out of the Haynesville in East Texas and North Louisiana. It’s likely many of those rigs are now engage in Eagle Ford [...]

Read the full article →

Are 1,280-Acre Drilling Units the Future in U.S. Oil & Gas Shale Plays?

August 10, 2012

Chesapeake is back at the negotiating table with many Ohio mineral owners. The cash strapped company is looking to alter terms of its leases to allow for 1,280-acre drilling units. That’s double the size of the typical unit (640 acres). Long laterals are not new in shale plays. The majority of Bakken Shale wells are [...]

Read the full article →

Ohio Court Ruling Could Have Major Ramifications in the Utica Shale

July 13, 2012

An Ohio court ruling could have major ramifications for wells that are completed using horizontal drilling and hydraulic fracturing. My guess is there are close to ZERO Utica Shale wells that are commercial without fracking and most will be drilled utilizing horizontal wells. In Harrison County Ohio, Jewett Sportsmen & Farmers Club, Inc. filed an [...]

Read the full article →

NiSource – Hilcorp Utica Shale JV

July 9, 2012

NiSource Inc and Hilcorp have entered a strategic partnership to jointly develop the Utica Shale. The newly formed venture, Pennant Midstream, will invest $300 million in midstream infrastructure in 2012. The company will construct new gathering infrastructure and NGL processing facilities in northeast OH. In the first phase of development, the partnership will construct: 50-miles [...]

Read the full article →

Chesapeake to Renegotiate NY Marcellus Shale Leases

June 15, 2012

Chesapeake Energy’s Appalachia division has agreed to cover the cost of the state of New York’s investigation and will let more than 4,400 Marcellus Shale leases covering more than 250,000 net acres be renegotiated. That will be a significant price to pay for acreage that was initially leased for signing bonuses of just a few [...]

Read the full article →

Goodrich Petroleum – Encana Tuscaloosa Marine Shale Result Impresses

June 13, 2012

Goodrich Petroleum announced an impressive well in the Tuscaloosa Marine Shale. The Encana operated well (Anderson 17H-1) in Amite County, MS, produced over 1,000 boe/d over a 72-hour test period. 975 b/d and 425 mcf/d to be exact. The well was produced with a 15/64 choke and over 2,100 psi of flowing pressure. Goodrich has [...]

Read the full article →

Biggest Oil Well in Chesapeake’s History – Hogshooter Play

June 8, 2012

Chesapeake Energy’s Hogshooter discovery well is going down in company history. The well broke records in its first week online. In the first eight days, rates stretched to more than 7,305 boe/d. The Thurman Horn 406H well was drilled to a vertical depth of 10,000 ft, with a horizontal lateral of 4,900 ft. The well [...]

Read the full article →

Eagle Ford Shale Production Expectations Go Higher

May 19, 2012

The Eagle Ford Shale story has been fun to watch over the past few years. While there are many shale plays struggling at with low natural gas prices, the Eagle Ford’s liquids yields are supporting economics. There are over 280 rigs active in the South Texas Region as of May 2012. Almost 210 of those [...]

Read the full article →

Range Resources Test Doubles Marcellus Well IPs

April 27, 2012

Range Resources tested reduced cluster spacing on two wells in a producing unit in the Marcellus Shale. The results are intriguing to say the least. Production came online at roughly double rates of wells that didn’t receive the treatment. The Marcellus has already proven to be resilient to low natural gas prices and an uplift [...]

Read the full article →

Chesapeake ‘Force Majeure’ Gas Lease Case In New York

April 9, 2012

Chesapeake and StatoilHydro’s landowner court case in New York is now going to both federal court and arbitration. The case is over whether or not a state moratorium on hydraulic fracturing is sufficient to declare “force majeure”. Chesapeake acquired leases covering thousands of acres in New York at low prices. Many leases signed before the [...]

Read the full article →

← Previous Entries

Next Entries →