according to shaledirectories.com No price given.“This transaction further bolsters the company’s deep Utica rights in the oil and wet gas windows of the play,” said Mark Van Tyne, Pin Oak’s…Continue
Sunday edition had an article about hos they are using super pads with as many as 35 wells on them. Wells that stretch out for 15,000 feet."A superpad means a quarter of a billion dollars pumped…Continue
Jim Litwinowicz has not received any gifts yet
All day today CNBC is focusing on converting vehicles to run on nat gas. Rick Sentelli is in Oklahoma at a company that does nat gas conversions. They are working on a pick up truck, showing what needs to be done to make it bi-fuel. By the end of the day, they will be driving around in the converted truck to show what it can do.
During one segment already aired, they said that if you fill up at home, you will pay an equivalent of 66 cents per gallon. Thats right.....66 cents per…Continue
There is much talk and hope that all this shale oil and gas will get the US freed of dependance on OPEC oil. The Bakken, Eagle Ford, Utica and more have great oil potential. The Marcellus, Utica, Hainesville, Barnett and more have great gas potential, especially if we convert major portion of our transportation to natgas. All of these should help us wean ourselves off of foreign oil and gas, which would fantastic for the country.
But one problem with that scenario is competitive…Continue