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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Replies to This Discussion
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Permalink Reply by Shower Bath on
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Here's a good group of current articles on the Utica Play. See the link...
http://www.drillingahead.com/page/utica-shale-news
Randy
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Permalink Reply by Jack Straw on -
Inhofe To Detail EPA's "Crucify Them" Strategy on American Energy Producers
http://epw.senate.gov/public/index.cfm?FuseAction=Minority.Blogs&am...
JS
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Here's an article regarding shale well profitaility and decline rates, with some interesting thoughts thrown in. I only offer this as info, and don't endorse the authors' investment advice. See the link...
http://seekingalpha.com/article/569451-controversy-on-shale-gas-boo...
Randy
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Here's a good goup of current articles on the Utica Play. See the link...
http://www.drillingahead.com/page/utica-shale-news
Randy
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Check out this story on mortage refusal due to drilling in Pa. , with a range of other stories down the left side of the page. The drilling map is linked to the well info. See the link...
Randy
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Permalink Reply by time will tell on
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Randy , thanks for the info . I find two things interesting 1 the tax proposal to the drillers and 2 the disclosure of the frac ingredients ,this should be a no brainer , it is no different than a company disclosing MSDS sheets in case of a accident so medical persons would no how to treat some one exposed to the fluid .
Please keep up the good work !
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Permalink Reply by Kathleen on
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I wonder if this happened because it was a new well. I bet the adjuster came out and saw the drill rig up and all the things that go with a new well going in and thought about all the news stories, Internet stories or just gossip and turned the loan down.
If the adjuster came and that unit was in production with just the gas pipes would this have been an issue? People are also used to seeing jacks so I bet if one was installed that wouldn't have been a big deal either.
I can say for sure if I needed a loan and a new well was being drilled in the field next to me I would have waited if at all possible for that well/unit to be finished. Waiting that out would be less time consuming than now trying to find another lender to lend the money after seeing or hearing why they were turned down the first time.
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I agree Kathleen on timing . It seems like the banks just want to sit on there money .
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Permalink Reply by Billy Park Whyde on
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What bank wants to lend out our tax money bail out to them at zero% interest when they can divert that money to credit cards at 26% ?
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Bingo Billy , you win a cigar !
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If you're leased with Chesapeake, or just interested in their unfolding story, you will enjoy the following article. See the link...
http://www.reuters.com/article/2012/05/10/us-chesapeake-wallstreet-...
Randy
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Permalink Reply by Bluflame on
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Hello Randall,
Every time I think they've hit bottom, another revelation bubbles to the surface. I'm afraid it will never end. Mr McClendon is a serial risk-taker, compounding bad deals with worse deals. Probably the only thing that could save their skin (or at least Mr. McClendon's) is a rapid acceleration of the recent rebound of nat gas prices. Doesn't seem likely.
Thanks for your informative posts. I appreciate your diligence in posting links to pertinent articles and I always take time to follow the links. You add value to GMS.
Sincerely,
BluFlame
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