Tom Copley's Blog – August 2009 Archive (3)

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Is Pittsburgh slated to become the next Ft. Worth, TX?

The Barnett shale formation lies directly underneath Ft. Worth, Texas, a metro area of some 1.6 million. Urban drilling has become commonplace in the suburban areas there and even in downtown Ft. Worth. Any open field can be a potential drilling site for a gas well. Range Resources is one of the companies that is leasing… Continue

Added by Tom Copley on August 26, 2009 at 10:20pm — No Comments

Cabot starts using pad drilling to reduce environmental impact

Cabot Oil and Gas has recently started using fit-for-purpose rigs. These have been optimized for pad drilling. They have a smaller footprint than conventional rigs and minimize damage to environmentally sensitive surface areas, and, all the while, get world-class drilling results. One of Cabot's Susquehana Co. wells just produced 1/2 Bcf of natural gas in its first 60 days. For the latest… Continue

Added by Tom Copley on August 12, 2009 at 1:58pm — 4 Comments

Chesapeake Energy on track to be largest producer by end of '09

Chesapeake Energy has been intensifying its efforts in the Marcellus shale and is poised to take over the lead in production of natural gas coming from it. In an operations update issued at the end of the first half of '09 the company hi-lighted a couple of reasons that probably help explain why so many companies are shifting their exploration activities to the Marcellus. Assuming $7 gas and $70 oil (today's… Continue

Added by Tom Copley on August 4, 2009 at 10:30pm — 3 Comments

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