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Posts tagged as:

haynesville shale

Chesapeake Energy is slashing natural gas spending and re-directing rigs and capital dollars toward liquid-rich plays like the Eagle Ford and Utica shales. Chesapeake is also planning shut-ins of 0.5 Bcfd and will increase that amount to 1 Bcfd if prices don’t begin to recover. The company is targeting a natural gas rig count of […]

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The Haynesville Shale, or oil and gas industry as a whole, contributed the most to the Shreveport-Bossier economic area coming in the top 10 for GDP growth in 2010. The area grew by more than 7.5%, while the rest of the nation grew at a much lower 2.8%. Oil & gas gets a bad name […]

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Texas Dominates the U.S. Rig Count

by Kenneth E. DuBose on September 27, 2011

The Texas rig count leads the next largest state in the U.S. by more than 700 rigs. That’s a lead of 700 in a market that is less than 2,000 rigs. The state employs almost 400 more rigs than the entire country of Canada. That’s why “oil & gas” and “Texas” are synonymous. You simply […]

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Frack Water Recycling Increasing With Texas Drought

by Kenneth E. DuBose on September 7, 2011

Frack water recycling is on the rise as operators face rationing in the worst drought in decades. Texas also has a wildfire problem to contend with. The state needs rain! That’s the only way to say it. The drought is straining more than oil & gas operations in the state. Looking for the silver lining, […]

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Haynesville Lease Cancellation Appeal Favors QEP Resources

by Kenneth E. DuBose on July 20, 2011

QEP Resources successfully defended the first “failure to develop” case in the Haynesville Shale. The issue here is the landowner filed suit just a year into the Haynesville Shale boom. When wells costs $10 million or more, it’s hard to believe you will always get a well within a year. Being patient is very difficult […]

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The Tuscaloosa Marine Shale is attracting oil & gas investment to Central Louisiana and Mississippi. We’re experiencing the initially leasing phase across the play and we won’t really know the value of Tuscaloosa Marine Shale acreage until several wells have been drilled. Either way, keep your eyes open for wells results and the companies that […]

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Add Red River Parish to the list of counties that are flourishing due to increased oil & gas activity. In two years, sales tax receipts have almost tripled from $16 million to $45 million. Hopefully, some of the active areas, like the Marcellus and Utica Shale, that are very weary of shale gas development will […]

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Colleyville TX Barnett Lease Bonus from Titan Operating

by Kenneth E. DuBose on July 13, 2011

Titan Operating expanded a unit in Colleyville, TX, and paid approximately $25,000 per net mineral acre.  What is interesting is that the unit that was not part of the 2008 agreement that required a $25,000 signing bonus received today’s market rate of $4,000 per acre.  Both agreements pay a 25.5% royalty. Quite a big drop […]

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Petrohawk Building Shreveport Office

by Kenneth E. DuBose on July 11, 2011

Petrohawk is building a Haynesville Shale office in Shreveport. The Haynesville Shale was welcomed in Northern Louisiana during the economic downturn and it looks as if the city of Shreveport will continue to benefit as more and more companies add offices there. “The Shreveport area certainly has not been immune to the recession that gripped […]

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Haynesville Shale Tax Collections Boom in Desoto Parish

by Kenneth E. DuBose on July 7, 2011

The Haynesville Shale is really paying off for communities in Louisiana.  Booming tax receipts are a win for North Louisiana.  Expect a similar response in other areas of the country where activity in the Marcellus Shale and Eagle Ford Shale is really taking off. This won’t be the last county to really benefit from jobs […]

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