Advocate: Louisiana’s Tuscaloosa, Haynesville shales hampered by oil, natural gas prices

The Advocate reports:

Drillers are closing in on the most efficient and consistent way to produce oil from the Tuscaloosa Marine Shale across Louisiana’s midsection, but low prices will strongly affect drilling activity. Likewise, natural gas prices will hamper activity in the Haynesville Shale in northwest Louisiana until proposed export terminals are operating, energy summit experts said Wednesday.

Liquefied natural gas exports present a tremendous economic opportunity for Louisiana and the Gulf Coast, supporters said during the LSU Center for Energy Studies’ annual summit.

It’s not a choice……..

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EE News: How do you survive a gas boom and bust? For starters, pay in cash

EE News reports:

MANSFIELD, La. — Local officials in the Haynesville Shale believe they’ve unlocked the secret for successful spending of gas boom wealth.

The approach? Invest quickly in health, safety and education, and squirrel away the rest for a rainy day.

“Just because we have it don’t mean we have to spend it,” DeSoto Parish Sheriff Rodney Arbuckle likes to say.

The Haynesville story is a lesson for community leaders in places like North Dakota and Texas, where fuel extraction continues to……..

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NOLA.com: Houston firm buys $275 million stake in Haynesville natural gas fields

NOLA.com reports:

A Houston energy investment firm will pay nearly $275 million for thousands of acres of legacy oil and natural gas fields located along the eastern edge of the Haynesville Shale in north Louisiana. The deal is the latest in a string of purchases that signal renewed investor interest in the area.

Vanguard Natural Resources said it has agreed to purchase more than 23,000 acres in north Louisiana and east Texas from Hunt Oil Co., an 80-year-old, privately owned energy conglomerate based in Dallas.

The sale includes the……..

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Reuters: Refracking brings ‘vintage’ oil and gas wells to life

Reuters reports:

NORTH DAKOTA Aug 20 (Reuters) – A fracking boom isn’t enough for U.S. oil and gas producers – they’re now starting the re-fracking boom.

Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Hydraulic fracturing, which has upended global energy markets by lifting U.S. crude oil output to a 25-year high, has been troubled by quick declines in oil and gas output.

The development highlights how producers must constantly invest and tinker, both to raise overall oil recovery rates that can be as low as 5 percent and to limit steep drops in production suffered by wells drilled into tight oil deposits.

Canada’s Encana Corp……..

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WSJ: Blackstone Nears Deal For Shell’s 50% Haynesville Shale Stake

The Wall Street Journal reports:

Private-equity firms, which for years have counted energy as one of their most lucrative investing sectors, have been snapping up oil-and-gas reserves in recent months. Above, a natural gas well in Stonewall, La. The Shreveport Times/Associated Press

Blackstone Group BX +1.07% LP is nearing a deal to acquire Royal Dutch Shell RDSA.LN +0.36% PLC’s half-stake in a huge Louisiana gas field, according to people familiar with the matter, as private-equity firms continue to gobble up oil companies’ shale castoffs.

The deal could value……..

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Advocate: Shell may sell stake in Haynesville Shale

The Advocate reports:

Blackstone Group LP is close to inking a billion-dollar deal for Royal Dutch Shell PLC’s half of 350,000 acres leased in north Louisiana’s Haynesville Shale, according to the Wall Street Journal.

Shell is part of a joint venture in the natural gas formation. the deal would be the latest in which a private equity firm bought oil-and-gas reserves. Earlier this year,………

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Helis showcases fracking site, safety plans

A little yellow stake, surrounded by acres of trees near I-12 and Hwy. 1088 in Mandeville, is where Helis Oil says the center of its fracking well operation will take place, if it’s given the OK.

The company took Eyewitness News on a tour of the planned well pad area Wednesday to lay out the intended look of the land, which will include a pond for fresh water used in the fracking process, storage tanks, piping and housing for workers, all surrounded by a two-foot berm.

The company says as much as 4 million gallons of clean water will be driven in to use over seven days during the actual fracking. They anticipate truck traffic to and from the site, which they already plan to adjust around school traffic at Lakeshore High, to be an average of five to six trucks a day

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Tangipahoa’s fracking attitude much healthier than St. Tammany’s: James Varney

To judge by some of the NOLA.com comments to Robert Rhoden’s illuminating look at fracking in Tangipahoa Parish, some folks just don’t know what’s bad for them. It is always thus with our elites.

Rhoden’s trip through Tangipahoa Parish uncovered few people distraught at the prospect of more energy and personal enrichment. Those dumb hicks, runs the tenor of some responders.

Why, if they only knew how awful fracking really is. If they only knew how the planet teeters on the edge of catastrophe, then they would simply shut up and go back to the hardscrabble, often unrewarding agricultural life many of them tell Rhoden they are delighted to move beyond.

It’s as if the Khmer Rouge was trying to set our energy policy.

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The future is bright for Bossier

In 2008, the Haynesville Shale natural gas play came on the scene and had a voluminous economic impact upon our entire region. Our city and parish has also experienced tremendous retail, restaurant and residential growth since the turn of the century. In turn, This has resulted in the growth and expansion of a multitude of developments, new and expanded schools and various other supporting entities. And, Bossier City (and the region) has also seen the tremendous growth of Bossier Parish Community College (BPCC), one of the nation’s premier community colleges. BPCC’s expansion to a beautiful new state of the art campus during the last decade has most definitely aided in their growth. The Cyber Innovation Center (and all of the supporting technological businesses and industries) is taking us in a whole new and very important economically diversified technologically based direction. All of this could not have been done without great leadership.

Great leadership is a must! From governmental bodies and political leaders, to law enforcement and community/civic organizations, great leadership has been what has made our community what it is today! We are also blessed with a wonderful Chamber of Commerce and Economic Development Foundation that have both paved the way for so many great things to happen.

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Forecasts for higher oil prices misjudge the shale boom: Kemp

“The world of energy may have changed forever,” according to Professor James Hamilton of the University of California. “Hundred dollar oil is here to stay.”

Hamilton, who is one of the most respected economists writing about oil, made his bold prediction in a paper on “The Changing Face of World Oil Markets”, published on July 20.

“Old hands in the oil patch may view recent developments as a continuation of the same old story, wondering if the high prices of the last decade will prove another transient cycle with which technological advances will eventually catch up,” he wrote. “But there have been dramatic changes over the last decade that could mark a major turning point.”

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