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From: Bearcatbob1/6/2012 9:49:27 AM
   of 186155
 
Marathon Refinery to Process Utica Oil:

cjoint.com

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To: Dennis Roth who wrote (161774)1/6/2012 10:04:28 AM
From: Dennis Roth
1 Recommendation   of 186155
 
Shale gas to heat homes in Poland this year
4th January 2012
wbj.pl

By the end of 2012, around 3,500 residents of small towns and villages within the Pomorskie voivodship will be able to use shale gas to heat their homes, reported Dziennik Gazeta Prawna.

The change will save them around zl.100 to zl.200 per year on their normal fuel costs.

It is estimated that shale gas will be about 20 percent cheaper for consumers than conventional gas imported from Russia.

Although the production of shale gas on an industrial scale is expected to be launched in Poland not earlier than in 2014, Polish oil and gas giant PGNiG wants to start testing production levels at its Lubocin location in the second half of 2012, writes Dziennik Gazeta

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To: sammie44 who wrote (162125)1/6/2012 10:10:58 AM
From: CommanderCricket
   of 186155
 
sammie,

That is bullish! Surprised we're not seeing a better reaction in the market for the shale oil players.

CC

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From: Salt'n'Peppa1/6/2012 10:12:58 AM
1 Recommendation   of 186155
 
Disturbing trend which may affect our energy pf.
Banks are very afraid to lend to one another - just what happened prior to last credit crisis (which some argue is still going on).
S&P


finance.yahoo.com

Euro zone banks made overnight deposits of EU455.3B with the European Central Bank yesterday, the most since the shared currency’s introduction in 1999, reported Bloomberg.

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To: Dennis Roth who wrote (156664)1/6/2012 10:20:45 AM
From: Dennis Roth
2 Recommendations   of 186155
 
Fidel Castro says world marching into abyss with shale gas
reuters.com


(Reuters) - Former Cuban leader Fidel Castro said on Thursday the world was on an "inexorable march toward the abyss," which he blamed in part on the discovery and exploitation of vast reserves of so-called "shale gas" around the world.

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To: Ed Ajootian who wrote (162116)1/6/2012 10:22:05 AM
From: drlink
   of 186155
 
Ed, re Mississippi Lime play you might want to take a gander at Red Fork Energy (RFE.ASX )This Australian company has 50,000 acres in the play. They have completed their first well and it is in the frac fluid clean up stage

asx.com.au


Best,

Dr. Link

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To: architect* who wrote (162106)1/6/2012 10:41:09 AM
From: chris714
   of 186155
 
SDT,PER,ECT,MVO,CHKR,QRE & VOC all pay a very good yield in the sector.

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To: Salt'n'Peppa who wrote (162129)1/6/2012 12:08:07 PM
From: profile_14
   of 186155
 
Follow LIBOR.

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From: CommanderCricket1/6/2012 12:34:56 PM
   of 186155
 
Oil executives meet with Alaska’s governor to discuss North Slope natural gas pipeline

JUNEAU, Alaska — Shipping to Asia-Pacific markets may be the best way to commercialize the natural gas at Alaska’s prodigious North Slope, the chief executive of ConocoPhillips said after meeting the state’s governor Thursday.

To do that, the company would like to build a pipeline from the North Slope to a liquefied natural gas plant in the middle part of the state to prepare the gas for export, ConocoPhillips CEO Jim Mulva told reporters in Anchorage.

Alaskans have long hoped for a gas line as a way to create jobs, provide more reliable energy and shore up revenues as oil production declines.

Mulva spoke after a closed reception with business and political leaders featuring him and the CEOs of the North Slope’s other major players, Rex Tillerson of Exxon Mobil Corp. and Bob Dudley of BP.

The reception followed a two-hour meeting between the chief executives and Parnell that focused on ways to advance a natural gas pipeline.

Parnell said in October that he wants the companies to unite behind a project that would allow for liquefied natural gas to be shipped overseas, if the market for gas has truly shifted from the Lower 48. Such a project would have to come about under the framework of the Alaska Gasline Inducement Act, which gave TransCanada Corp. an exclusive state license to build the pipeline and up to $500 million in reimbursable costs.

Full Story: washingtonpost.com

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From: CommanderCricket1/6/2012 12:36:57 PM
   of 186155
 
Chesapeake well blows out in Oklahoma

A rig drilling for a Chesapeake Energy unit in Oklahoma burned Thursday night after hitting a shallow gas pocket and suffering a blowout before key safety equipment was rigged up, the company said.

Noah Brenner 06 January 2012 17:25 GMT

Chesapeake’s wholly owned drilling subsidiary Nomac Drilling’s No. 17 rig was engulfed in flames after crews lost control of the well and the blowout ignited, a Chesapeake spokesman told Upstream.

Watch a video here.

No injuries or environmental threats were reported, Jim Gipson said in an email.

The rig had spud the Davis 30 12-26 well four miles northwest of Sweetwater in western Oklahoma. It was drilling ahead at 900 feet when it hit a zone of pressurized gas, which quickly flowed back up the well and caught fire.

The well was slated to drill vertically to 12,000 feet before kicking off the lateral.

Operations were at such an early stage that a raft of safety equipment had not been hooked up yet, including the blowout preventer and gas separator.

The equipment had not been installed because crews had not yet set surface casing on the well and the blowout preventer mounts on top of the surface casing, Gipson explained.

“So the weight of drilling mud was the only pressure control,” he said.

A well-control crew is on site and another crew is working to salvage the rig, Gipson said.

“There will be very thorough investigation into the cause of the incident,” he said.

Published: 06 January 2012 17:25 GMT | Last updated: 2 minutes ago


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