A new documentary by Scott Tinker and Harry Lynch is now being rolled out at select screenings. http://www.switchenergyproject.com/aboutfilm.php#about Dr. Tinker was Director of the Bureau of Economic Geology, a joint organization of the University of Texas and the State of Texas, and a professor at UT’s Jackson School of Geology, as well…
I recently spoke at a Continuing Legal Education Program for Texas real estate attorneys about regulation of hydraulic fracturing. My job was to give a short overview of the development of fracing and horizontal drilling in the US and its impact on production and the economy. Here are some slides…
Last year, researchers at Duke University published a controversial study of groundwater in Pennsylvania showing that water wells in close proximity to Marcellus Shale gas wells had higher concentrations of natural gas in the water than more-distant water wells in the same aquifer. (See my prior post here.) The same…
A new industry has sprung up in the metropolis of Carrizo Springs, Texas, in the heart of the Eagle Ford Shale Play: lodging for oil field workers — and lodging in style. In an attempt to keep workers in the field, companies are putting up their workers in plush hotel-like…
Here are some interesting articles I have found: On Texas’ drought, from the PBS News Hour: http://www.texastribune.org/texas-environmental-news/environmental-problems-and-policies/coping-climate-change-texas-drought/ On Texas’ drought, from Texas Tribune: http://www.texastribune.org/texas-environmental-news/environmental-problems-and-policies/ “The Arithmentic of Shale Gas,” from Forbes’ Christopher Helman: http://www.forbes.com/sites/christopherhelman/2012/06/22/the-arithmetic-of-shale-gas/ In this article, Helman reviews a paper published by a group of Yale economis…
The fall of Aubrey McClendon, CEO of Chesapeake Energy, has been meteoric. He was forced to step down as Chairman of its board, and yesterday he was replaced as board chair by Archie Dunham, the 73-year-old former CEO of Conoco. Aubrey’s fall from grace started only a few months ago with…
The Pacific Institute has issued a study of issues related to hydraulic fracturing and water resources: Hydraulic Fracturing and Water Resources: Separating the Frack from the Fiction. The Pacific Institute is a non-profit research and policy organization based in Oakland, California. The study is largely a summary of interviews of environmental…
I have recently been asked to review requests for lease ratifications sent to my clients, and I thought that ratifications would be a good topic for this site. Companies generally ask owners of royalty and non-executive mineral interests to ratify oil and gas leases covering the lands in which they…
Rig count remains steady: Gas prices rise: Oil prices decline: The Haynesville Shale is now one of the largest gas fields in the nation. The Texas part of the field alone has produced almost 800 Tcf of gas since inception from some 800 wells. The biggest producers are…
One of the remarkable aspects of the oil and gas markets over the last few years has been the rapid decline of natural gas prices despite the continuing high price of crude oil. Historically, analysists have assumed that there is a relationship between the price of the two commodities. After all,…