Current Events/Links/Press Releases/General Info

Consol issued a press release today updating their operations, including info on drilling activity in the Marcellus.

http://phx.corporate-ir.net/phoenix.zhtml?c=66439&p=irol-newsAr...=

Randy

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Permalink Reply by Shower Bath on May 11, 2012 at 5:06pm

Thanks for the kind words BluFlame. As a landowner I feel it's critical for all of us to understand how these companies function, and how the play is developed.

Here's an article I came accross tonight about Chesapeake borrowing over 3 billion dollars, and the stock price dropping under $15 per share. Talk about catching a falling knife. See the link....

http://www.bloomberg.com/news/2012-05-11/chesapeake-may-delay-14-bi...

Randy

Permalink Reply by Shower Bath on May 12, 2012 at 5:18am

Chesapeake is having a conference call Monday morning to discuss the new loan and their plans for the year. If you can't listen in live, there will be a taped replay available later. See the link....

http://www.chk.com/News/Articles/Pages/1695249.aspx

Randy

Permalink Reply by Shower Bath on May 14, 2012 at 9:11am

More on Chesapeake. Their cash flow won't support their cap X spending. Could they be headed for chapter 11?

See the link...    http://seekingalpha.com/article/586321-where-will-chesapeake-energy...

Randy

Permalink Reply by Shower Bath on May 24, 2012 at 6:34am

Here's a good summary of the Utica Play, from 1st quarter conference calls. See the link...

http://seekingalpha.com/article/612801-utica-shale-first-quarter-co...

Randy

Permalink Reply by Dark Sonnet on May 24, 2012 at 2:58pm

Your posts, with included links to a "big dose of reality concerning Chesapeake" are extremely informative and very eye opening.  They should be required reading for anyone interested in or connected to the Utica Shale and Chesapeake.

Thank you for taking the time to post these great links!

Permalink Reply by Shower Bath on May 25, 2012 at 1:31am

Dark Sonnet, I love the name. Thanks for the encouragement. Here's a link of current Utica stories that you might find interesting. See the link...

http://www.drillingahead.com/page/utica-shale-news

Randy

Permalink Reply by Dark Sonnet on May 25, 2012 at 8:12am

Thanks for the new link!  I do find it a very interesting site that bears revisiting.

Thanks for the name compliment!

Permalink Reply by Jack Straw on May 26, 2012 at 11:15am

Sierra Club Declares War on Natural Gas

Beating up on coal, America’s most-used source for electricity, wasn’t enough for the Sierra Club. They now declared war on natural gas. From National Journal :

The Sierra Club is intensifying its natural-gas reform campaign and renaming it “Beyond Gas,” a spin-off of its decade-old “Beyond Coal” campaign seeking the phaseout of coal-fired power plants.

“As we push to retire coal plants, we’re going to work to make sure we’re not simultaneously switching to natural-gas infrastructure,” Sierra Club Executive Director Michael Brune told National Journal in an interview on Wednesday.

Brune declared that his organization’s mission is about [emphasis mine] “preventing new gas plants from being built wherever we can.”

This is a classic bait-and-switch. Not long ago, the Sierra Club pushed natural gas as an alternative to coal. It would be a bridge to renewable energy like wind and solar. In 2008, Carl Pope, then executive director, told Oil and Gas Investor Report that the Sierra Club was all for natural gas [emphasis mine]: “Among the fossil fuels, natural gas is at the top.” He went on to say, “There's a lot of opportunity -- people in the natural gas industry tell me -- to produce more natural gas domestically by using new technologies, and we're in favor of that.”

In the last few years, we’ve witnessed a boom in natural gas production. The Marcelleus Shale in the Northeast, Barnett Shale in Texas, and other areas across the country are producingmillions of cubic feet of natural gas and creating thousands of jobs. However, the Sierra Club switched course. Now natural gas is a villain.

This is rich. When their friends in EPA drop job-killing rules to make coal power plants extinct, the Sierra Club moves the goalposts and wants to eliminate the replacement. They oppose coal, they oppose oil, and now natural gas is off limits. To them, it’s wind and solar and that’s about it. But if they have their way and we start to get more of our electricity from wind and solar, expect them to move the goalposts again. In fact, maybe they already have. Local Sierra Clubs have been and continue to work to block solar and wind projects in Maryland, Texas, Florida,all over California, and elsewhere.

They’ll say anything to appear to be reasonable, but in the end, their answer is, “No, no, no.” The Sierra Club is simply anti-energy, and has no credibility.

The honest answer to our energy problems lies in using all of America’s energy resources: coal; oil; natural gas; wind; solar; hydro; and nuclear. Not limiting ourselves, but wisely seeing how each energy source fits in the marketplace and the environment, will protect jobs and ensure we have enough affordable energy to keep America moving.

 

 

 http://www.freeenterprise.com/energy-environment/sierra-club-declar...

 

Permalink Reply by time will tell on May 26, 2012 at 5:12pm

Who are these fruit cakes . I'll bet this war only applies to us not the elite .

I hope there supporters stop feeding the BEAST that will eat them !

It's so hard to believe the drones that buy into this Bull Crap .

Move the clock forward and I would bet they would be crying out " save us , someone save us "

from this , if we would have only known , well you are being warned as Red Fox would say ---

--> YOU BIG DUMMY <-- .

I'll bet the Sierra but kiss club member are the worst abusers of energy !!!

Permalink Reply by lynn on May 26, 2012 at 6:18pm

Thanks for the link Jack but I almost wish I hadn't read it.  It seems like every day there are more and more of these groups.  Read a post where an idiot said she 'flew' from New York to San Francisco and there was 'nothing' in between-she thought we should cover the area with wind turbines and solar panels to power the country instead using oil and gas.  She thought we should stop all oil, gas and coal use and got pretty insulted when I tried to explain to her that that would mean she would not have her plastic computer or most of her clothes or shoes, there'd be no food on the grocery shelves etc etc.  Ridgeman's right about it being BC, and probably about the Sierra Club members being on Al Gore's level of abusers of energy.  I don't know if it's my advancing age or just an intolerance for ignorance but it sure seems there's a severe lack of common sense nowdays.  Thank you all for the good information.

Permalink Reply by Shower Bath on May 30, 2012 at 3:25am

Here's the best story on the possible buyout of Chesapeake that I have seen. It is a real possibility that they will be taken out by a major, since their share price is so low. See the link...

http://www.bloomberg.com/news/2012-05-30/chesapeake-valuation-seen-...

Randy

Permalink Reply by Shower Bath on June 4, 2012 at 6:30am

Gulfport Energy has provided an operational update on their website for Utica followers. See the link...

http://ir.gulfportenergy.com/releasedetail.cfm?ReleaseID=679457

Randy

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