Wednesday, July 30, 2008

Oil & Natural Gas Prices - Opinion from CLR CEO - Haynesville, Marcellus, Bakken Shale

Yesterday in Continental Resources ( CLR ) 2nd quarter conference call, The CEO, Harold Hamm gave his opinion on the Future of Oil and Natural Gas prices for the near future and 2009. He also commented on production of Natural Gas from Marcellus and Haynesville Shale. I found this interesting and hope my readers do too.

Eric Hagen - Merrill Lynch
Great. Then last one was just for Harold. Any comment on commodity prices, oil in particular. And also on the idea that the market will be swamped with gas, next year from the shale plays Marcellus Hayneville?

Harold G. Hamm - Chairman and Chief Executive Officer
You see some of these plays are atop of that gas first of all. You'll see some of these plays that come on somewhat slower. And Marcellus is going to be one of those that takes I think quite a bit slower then some of the others, basically it's due to infrastructure. Lot of needs out there for better infrastructure pipes and rigs and services and you name it. So I think that will... that's going to come up slower than some of the rest of them. And Hayneville we are seeing some opposite rates going out there. But even that play is going to, probably heat up a lot slower as far as supply coming to market. That's going to have its own challenges, pressure gas, tectonic area, under pressure systems and et cetera. So I wouldn't think next year is going to be about of gas on the market. That would count on that at all.

As far as crude oil; we've just not seen anything change in fundamentals. We've seen demand slacken a little bit in the U.S. but rest of world we've not seen that slackening happen. So the fundamentals of being short with little bit transportation fuels remains. So as far as crude oil gain offer cheap in the next foreseeable future, I'd still see that happening.

I think as we go forward its going to become even more critical in 2009 and beyond. So we... I'd kind of stay at settling down to a range maybe $120 to $135 range. And that's good, I don't think the country is ready to $200 oil. And I think it would be devastating to see that. So obviously, we have to change to natural gas as transportation fuel in the future. But there are things, and we will have adequate supply to do that. And the country needs to make that move going forward.

Haynesville Shale Update - 7/30 - CLR, - Bakken Shale

I wanted to give a Haynesville Shale update this morning on a new company drilling the Haynesville.

Continental Resources ( CLR )

Continental CLR is now drilling at the Haynesville you can recall from my other blog posts, they are the largest operator in the Bakken Shale Oil Field in North Dakota. Continental Resources has 17,000 acres in Louisiana but aren't saying in what parishes. They will be spudding their first well in the 4th quarter.

Leasing News

Broadmoor Neighborhood Association

Approximately 475 to 500 local residents attended this Haynesville Shale meeting at 6:30 p.m. July 22 the Captain Shreve High School auditorium.
BNA had strongly recommended homeowners hold off on signing oil/gas leases until attending the meeting to listen and discuss various matters related to mineral leases, bonus payments, drilling and other related topics. Nonbinding letters of intent for membership in Shreve Centre Coalition LLC, legal since July 18, were distributed to attendees. BNA President Ken Krefft served as moderator at the panel discussion, which included a question-and-answer session.

To view all of the stock of companies drilling in the Shale plays in Canada and the USA....visit

Tuesday, July 29, 2008

Earthquake Los Angeles - 5.8 Magnitude

An Earthquake shook Los Angeles this afternoon at 2:42pm CNN is reporting....5.8 magnitude.

Apparently the earthquake could be felt in San Diego.

No report of injuries as of now.

2 separate jolts were felt.

The Earthquake could be felt slightly in Las Vegas.....but mostly felt in Chino Hills California.

A person in that region was sitting in his garage and claims his garage was bent and he was thrown off his chair.

Continental Resources ( CLR ) Bakken Shale - Earnings

This morning Continental Resources ( CLR ) has released earnings. CLR reported net income of 124 million or .75 cents per share for the 2nd quarter of 2008. In last years 2nd quarter, Continental Resources reported 44 million in net income - .27 cents per share on a pro forma basis. Now you can see why CLR is one of the Top 2008 Stock Gainers. Total revenues were 303.4 million vs 145.3 Million a year ago.

The Company's average sales price per barrel of crude oil equivalent was $102.86 for the most recent quarter, compared with $54.44 for the second quarter last year.

Bakken Shale

In the second quarter of 2008, Continental increased its lease acreage position in the Bakken Shale play to approximately 525,000 net acres, with153,000 net acres in Montana and 372,000 net acres in North Dakota.
Here is each well list and the production rate for each well:

-- Mathistad 1-35H (40% WI) in McKenzie Co. -- 1,260 boepd;
-- Dodge 1-17H (20% WI) McKenzie Co. -- 989 boepd;
-- Whitman 11-34H (32% WI) in Dunn Co. -- 765 boepd;
-- Bice 1-29H (44% WI) in Dunn Co. -- 693 boepd;
-- Cleo 1-12H (26% WI) McKenzie Co. -- 654 boepd;
-- Carson Peak 44-2H (33% WI) in Dunn Co. -- 601 boepd;
-- Kermit 1-32H (45% WI) McKenzie Co. -- 596 boepd;
-- Bridger 44-14H (45% WI) in Dunn Co. -- 383 boepd;
-- Bonneville 31-23H (45% WI) in Dunn Co. -- 362 boepd;
-- Mountain Gap 31-10H (44% WI) in Dunn Co. -- 331 boepd.

Where is the Three Forks Region?

Eight of the 10 wells listed above were completed in the Middle Bakken formation, which has typically been the drilling target in the North Dakot Bakken play. The Bice 1-29H and Mathistad 1-35H were Continental's first to wells to be targeted for the Three Forks/Sanish (TFS) formation, which is typically found 50-to-100 feet beneath the base of the Upper Bakken. Since the Bice 1-29H completion in late May, Continental has adjusted most of its drilling program to target specifically the TFS and determine its potential toadd incremental reserves to the play.

Woodford Shale:

Continental's lease position in the Arkoma Woodford is approximately46,000 acres

Haynesville Shale

The Company has grown its land positions to approximately 17,000 net acres in the Haynesville Shale play in northern Louisiana and approximately

Monday, July 28, 2008

China Eyeing Chesapeake Energy CHK Shale Assets

These Shale Plays are hot, hot, hot, especially the Haynesville Shale!

Reuters is reporting the China National Petroleum Corporation CNPC is eyeing some of Chesapeakes Shale assets. As you know, CHK has gone from $75 to all the way down $45 in three weeks and is currently trading at $49. They could be sitting on as much as 16 Billion in Haynesville Shale assets which is only a fraction of their Natural Gas portfolio and acreage position.

Chesapeake is looking to raise as much as $5 billion this year from selling minority stakes in its Arkansas and Pennsylvania shale gas properties, the South China Morning Post reported on Monday, citing unnamed market sources.
Energy companies are spending heavily to lock up acreage in hot shale plays, where oil and natural gas are trapped in layers of rock. Record energy prices and technology such as horizontal drilling have made retrieving hydrocarbons from shale profitable.

Natural Gas Price 7-28-08 Oil Prices - Haynesville Shale

This morning Natural Gas is bouncing back to around $9.30...this is where there is some resistance meaning this is where traders are willing to sell Natural Gas from last weeks action.

If Natural Gas can break above $9.35 and close over this level....Natural Gas will probably close the gap and retest $9.80-9.90 this week.

Oil is up to $124.87 and it seems as though Oil wants to move higher. Don't be suprised if we test $130 this week. Nothing goes straight down with out a bounce.

For more on the companies drilling for Shale all across the Untied States, visit

Sunday, July 27, 2008

Cotton Valley Formation - Haynesville Shale

The Haynesville Shale is not the only exciting area in Texas and Louisiana! A sandstone and shale formation directly above the Haynesville Shale is known as the Cotton Valley Formation. Companies have been drilling the Cotton Valley for along time before they started tapping into the Haynesville Shale.

Located mostly in East Texas, The Cotton Valley shale has been producing big results lately for XTO Energy. Management has said in their latest conference call that this was where most of the growth occurred.

Saturday, July 26, 2008

Los Angeles, Beverly Hills Oil Field

Not many people know this, but there is a lot of Oil in California. Especially Los Angeles and Beverly Hills. Infact, there are oil rigs everywhere, but most people cannot see them. They are hidden in houses, malls, schools, and other places.

California is the 4th largest oil states in the 48 state region. To learn more about the following...go to.

Green River Oil Shale Formation

Friday, July 25, 2008

USO Oil - United States Oil Fund - Technical Analysis

I have updated my USO Technical Analysis Stock Chart.

Oil has been crushed over the past two weeks as well as natural gas....Oil has hit a key support level of around $124 and I think you could see it atleast stall here if not move higher. Another major support level is $120 for the price of Oil.....this would be around $98 for the USO.

If these support levels are broken....look out below!

I have also updated my Jamer River Coal Chart ( JRCC ) & Ivanhoe Energy Chart ( IVAN )

XTO Energy XTO - John Najarian CNBC - Shale

John Najarian has come on CNBC this morning and states that yesterday XTO has seen very active call buying and institutional buying the last couple days.

He stated the last time XTO Energy was this low....crude oil was in the $70's.
He said if you want to play crude in a stock...this is the way to do it...usually it moves 2-1 higher or lower.
He also stated that XTO has been active in the Shale Plays which we already know!

XTO is active in the Following Shale Plays
Bakken Shale
Haynesville Shale
Marcellus Shale
Barnett Shale

Thursday, July 24, 2008

Bakken Shale - Encore EAC - Sanish Well Results

Today Encore Aquisition Company ( EAC ) has updated its investors on their Bakken Shale Play.

EAC today reported initial results from its first well drilled in the Sanish Formation of the Bakken Shale Trend.

Encore recently finished drilling and completing its first well in the Sanish Formation of the Bakken Shale Trend, the Charlson 11-16H, in Williams County, North Dakota. The well was brought online on July 23 at an initial production rate of 1,106 BOE per day flowing up 7" casing. The Company has a 96 percent working interest in the well, which also contains very favorable pay in the Bakken Formation. The well is approximately four miles northwest of the best Sanish well drilled to date in North Dakota, the USA 2D-3-1H, which has produced over 560,000 BOE in 19 months.

Encore owns 10,400 net acres in the Charlson area and can drill or participate in an additional 28 wells on its current acreage position in this area of the Sanish. The Company is currently drilling a second Sanish well in the Charlson Field, which it plans to complete in the third quarter. Encore plans to drill a total of six wells in the Sanish in the Charlson Field in 2008. Additionally, two other Sanish wells will be drilled in the Charlson area offsetting the USA 2D-3-1H well. This area is prospective for both the Sanish and Bakken Formations, which could significantly add to the total recoverable reserves under the Company's leases.

As previously disclosed, Encore has recently expanded its acreage position in the Bakken and Sanish Shale Play to over 240,000 net acres. Encore plans to add a third rig to drill Bakken and Sanish wells in August 2008. Upon arrival of the additional rig, Encore plans to drill a Sanish well in its Cherry Creek Prospect, where the Company owns a significant lease position of approximately 70,000 net acres. Encore believes its Cherry Creek Prospect is in the Sanish fairway. The Company also plans to commence drilling in August in the Company's Almond Prospect, in Mountrail and Ward Counties, North Dakota, in which the Company currently holds an acreage position of approximately 53,000 net acres. The Almond Prospect is prospective for both the Sanish and Bakken Formations. The Company expects to drill and complete five-to-six Bakken and Sanish wells in the third quarter of 2008, as well as re-frac several current Bakken producers.

Wednesday, July 23, 2008

Marcellus Shale - Fast Track Law Passes - CHK, RRC, EOG

New York Gov. David Paterson has signed Wednesday a bill that fast-tracks horizontal natural gas drilling in the state's Marcellus Shale, despite the opposition of environmental groups that claim the drilling technique could contaminate groundwater.
Over the past few years, natural gas companies including Chesapeake Energy (CHK), Range Resources Corp. (RRC) and EOG Resources Inc. (EOG) have bought up substantial acreage in the Marcellus Shale, a so-called "unconventional" natural gas reservoir in New York, Pennsylvania, West Virginia and Ohio. Gas plays like Marcellus require more expensive drilling techniques than conventional gas deposits do, but rising hydrocarbon prices have made such ventures economically feasible.
Geologists have said the Marcellus Shale could contain enough natural gas to meet U.S. demand for two years. But most of the Marcellus leasing activity has focused on Pennsylvania, which is thought to have the most potential for shale gas production.
Shale formations like Marcellus require a drilling technique known as "hydrofracking", which involves fracturing rock by injecting a mixture of water, sand and chemicals at high pressure into deep wells. Environmentalists have argued that the chemicals used in hydrofracking are toxic and could leach into drinking water supplies.
The bill Paterson signed into law Wednesday allows such gas wells to be spaced more closely together. It also allows producers to obtain permits for wells in as little as 12 weeks.
In a statement, Paterson said the measure doesn't relax environmental safeguards.
"This new law will ensure greater efficiency in the processing of requests to permit oil and gas wells, while maintaining environmental and public health safeguards," he said. "Natural gas exploration has the potential to increase domestic supplies of natural gas, create jobs, expand the tax base and benefit the upstate economy."

Haynesville Shale - Cubic Energy Update QBIK

Cubic Energy has reached total depth of 11,950 feet on its Estes 7 No. 1. 7 5/8” casing was set at 10,208 feet and 4 ½” liner was set at 11,950 feet. The Estes 7 No. 1 is Cubic’s fourth Haynesville Shale well in its northwest Louisiana acreage. With the 7 5/8” casing, the Company will be able to drill horizontally in the Haynesville Shale at a later date, after being vertically completed in the Haynesville Shale. The Estes 7 No. 1 is Cubic’s first Haynesville Shale well to be drilled in the Company’s southern acreage position of Bethany Longstreet.
Log analysis identified Pettit, Cotton Valley and Hosston zones in addition to two Shale zones in the Estes 7 No. 1 The lower Shale zone is located between 11,420 feet and 11,890 feet in depth and calculates an estimated 186 BCF of Total Shale Gas and 173 BCF of Free Shale Gas per square mile of reservoir. The upper Shale zone is located between 10,730 feet and 11,150 feet in depth and calculates an estimated 100 BCF of Total Shale Gas and 93 BCF of Free Shale Gas per square mile of reservoir. This is comparable to the Free Shale Gas in the Company’s Johnson Branch acreage.
Immediately following the drilling of the Estes 7 No. 1, the Company will rig down and move to the Red Oak Timber 5 No. 1 also located in Cubic’s southern acreage of Bethany Longstreet. The Company will vertically drill to the Haynesville Shale at approximately 11,950 feet and will use the same casing program as used on the Estes 7 No. 1. Cubic has a 35% working interest in the Estes 7 No. 1 and the Red Oak Timber 5 No. 1.
The Company also announced the last of its pipeline construction in Cubic’s northern acreage of Johnson Branch should be finished in the next few weeks. Additionally, the Company has scheduled completions for the last of the wells in this area. Cubic has a 49% working interest in the Johnson Branch acreage.
Cubic Energy, Inc. is an independent company engaged in the development and production of, and exploration for, crude oil and natural gas. The Company’s oil and gas assets and activity are concentrated primarily in Texas and Louisiana.

For more on the Haynesville Shale Click Here

Haynesville Shale - XTO Energy Speaks 250 TCF's

The Haynesville Shale, which is located in East Texas and Northwestern Louisiana, has the potential to be bigger then the Barnett Shale which is located in Texas.

XTO Energy ( XTO ) stated in their conference call that they have 100,000 acres in what they believe is the core drilling area. Of course, they would not tell us where that is due to competitive reasons.

XTO also shot down the rumor that their might be 250 trillion cubic feet of recoverable natural gas. Here are a few lines of the XTO conference call.

- The question pertains to some of these announcements, particularly the Haynesville where, suppose there are 750 Ts in place of which 250 Ts are recoverable. Have your engineers looked at these other shales at, are these just wide-eyed expectations for natural gas or is this possible?

Bob R. Simpson CEO - Yeah, if you look at and I am going to let Keith addressed most of this, but I like the flavor of that shale projection. If you look at the Barnett Shale, we're basically 10 years hard into the development of it. And we talk around 50 Ts as addressed. As you get into the plays you would expect to find something that's not as magic, as some overall model might suggest. Now there could be faults in it, there could be... maybe the process where people thought... there is just not enough data for somebody who could say that's proved, even though it's being communicated to you that way.
But that, at this moment, has a tremendous amount of hype in it. Now it may come true, but certainly there is no one in the right mind because of the foggiest idea, that you'll recover 250 T's, our 10-year's U.S supply, that's ridiculous [inaudible]. Now... but they hype artist, okay, they've been hype artists for ever, trace their history. Now, we don't do that, we will tell you yes, we go along. How it's going and you know obviously if you believe it's that easy to fine tune your supply, well then, what is the value of natural gas, it's not zero. And so that's the implication of that, and the danger of that and so the... now there will be areas where it worked more fine, and then apparently they [inaudible] that.
But to extrapolate into that is the greatest gas field approaching in the world. It's just silly and I say that with some experience and I'm dismayed that it's going on frankly. I think it leads to potentially a very [inaudible] things... in fact, there is not a [inaudible] payments. And our credibility is on the line and a lot of other things where they kind of hype.

Keith A. Hutton - President - If we look at Haynesville I mean there really are definitely wells. Most of them are in one particular area, in Louisiana that's fairly, tightly held. Yes you can see it on [inaudible]. That doesn't mean it will come to fruition, I would go to the Barnett Shale and think about the heights that originally surround the Barnett Shale, and it was 5 million acres and 10 counties. If we go back and look at it, it's three counties.
Most of the production is out of Johnson, Tarrant, Denton and Wise. The rest of it is just okay. It does not really add a lot volume, almost all the volume production out of that particular area and that's where most of the reserves are going to from, probably 90% of it out of those three counties, and I think that's probably what Haynes [ph] is doing that if you're going to have some really hot spots, obviously, I think some of these guys have found a couple of them. But, they are talking about 3.5 million to 4 million acres did not be perspective. Yes, that might be true but I don't think it's going to all the highly economic and I don't think it's going to swamp the U.S. gas market and i.e. not shifted.
It's an odd thing to watch people throwing that much firepower out there when they really don't have that much data. You can kind of dream up cases like that, but you need product... well production data to figure it out. You saw that in the Barnett, really Erath, Palo Pinto, Jack, most of that stuff is really not pretty good. Okay, what you here and everybody is [inaudible] and no one is really drilling much out there and there is a lot of acreage that was originally calculated and how big the Barnett was going to be. So just take with a grain of salt for what you are going to see from that field.

Tuesday, July 22, 2008

XTO Energy XTO - Barnett Shale - Earnings

XTO has come out with great company earnings this morning. 2nd quarter earnings per share was $1.11 with revenue coming in at $1.94 billion

XTO Energy expanded their position in the Barnett Shale acquiring another 12,900 acres for 800 million. XTO now has a total acreage position in the Barnett Shale of 280,000 of which 155,000 of those acres are in the heart of the shale play.

XTO energy also expanded in the Marcellus Shale, Haynesville Shale, Fayetteville Shale, but more will be coming later in their conference call.

Monday, July 21, 2008

Northern Oil & Gas NOG - Bakken Shale Update - CLR

Northen Oil & Gas NOG came out with press release this morning on the Bakken Shale

Northern Oil and Gas, Inc. Northern Oil and Gas, Inc. Announces Significant Bakken Discoveries, Three Forks/Sanish Plans, and Updates Accelerated 2008 Drilling Schedule and Capital Position.

Northern Oil and Gas, Inc. (AMEX: NOG) ("Northern Oil") announced today it has recently participated in the successful completion of three wells in the emerging North Dakota Bakken play, bringing to eleven the total number of producing wells in which Northern holds an interest.
In addition, Northern holds a working interest in an additional fourteen wells that are in the drilling or completion stages and is included in nearly 70 permitted or docketed-for-permit drilling locations that are expected to drill between now and early 2009. Northern Oil controls approximately 60,000 net acres in the North Dakota Bakken play, yielding over 90 net well locations based on 640 acre drilling units. In addition, Northern controls approximately 22,000 net acres in Sheridan County, Montana and has successfully completed two wells to the Red River formation.
"Northern's first mover leasing advantage is yielding significant rewards for our stakeholders," said Northern Chief Executive Officer Michael Reger. "We continue to accelerate our participation in successful North Dakota Bakken development, providing solid production results. With over 70 permits pending, our net production should continue to grow at an increasing rate in the second half of the year."
The recently completed Johnson 33 #1H well operated by Brigham Exploration is representative of Northern's growing success in the North Dakota Bakken play. The well flowed at an early rate of 650 BOPD, with sustained production of approximately 560 BOPD. The Johnson well is located significantly north of the Parshall field, representing an important Northern extension of prolific Bakken production. Northern participated in the Johnson 33 #1H with a 16.5% Working Interest.
"With approximately 10,000 net acres near the successful Johnson 33 #1H well, Northern is well positioned to benefit from Brigham's important success," Reger said. "We expect to participate in a number of offset locations to the Johnson 33 well in the coming months." A complete review of current producing wells can be found at the conclusion of this release.
Northern is currently participating in Continental Resources' Skachenko 1-31H well in Dunn County, ND. The well is a direct offset to the Bice 1-29H, also drilled by Continental. The Bice well - announced in late May - is among the first Three Forks/Sanish discoveries in the region.
"Northern's first Three Forks/Sanish well is significant in that, if successful, it provides an additional opportunity to grow reserves and production in what we believe is another prolific oil resource within our leasehold position," Reger added.

For the Lastest Haynesville Shale News.... visit

Haynesville Shale Stocks Reversing HK, CHK, GDP, XTO

Last week their was a huge build in natural gas inventories.....up 16-20% then expected.

All of the Natural Gas stocks got hammered off of this news. Today they opened up weaker but now have reversed and seem to be wanting to break out.

Watch these Haynes Shale Stocks

PetroHawk Energy HK - Capitulated in the $36 area last reversing above $39 this morning.

Goodrich Petroleum GDP - Still continues to go down.....from $75 down to $57 in a week. GDP is bouncing off the lows this morning and is currently trading at $58.50

XTO Energy XTO - This stock has gotten hammered for being one of the bigger natural gas stocks. After hitting $53 Thursday....XTO has reversed back to $56. XTO is involved in alot of shales including the Bakken Shale of North Dakota, Marcellus Shale in Pennsylvania, and the Barnett Shale in Texas

Chesapeake Energy CHK - Chesapeake Energy has been smashed all the way down to $52 on Thursday....even after this company Announced that they will be selling their Woodford Shale acres for Beyond Petroleum ( BP ). CHK has been bouncing this morning above $55.

If you have been waiting for a dip in these stocks for awhile is your chance to invest in specifically the Haynesville Shale or many other shale plays by buying XTO or CHK

Tropical Storm Dolly - Barnett Shale - Texas

The latest weather report has Tropical Storm Dolly possibly turning into a category 1 hurricane Tuesday. The latest path of the storm has it hitting South Texas or Eastern Mexico.

If this track shifts to the east slightly it could effect operations in the Barnett Shale area which is located in the Fort Worth Basin.

Keep an eye on this storm as it could effect the Barnett Shale Stocks

Sunday, July 20, 2008

Oil Shale - Green River Basin Formation

The Green River Formation in Colorado, Wyoming, and Utah hold over 750 billion barrels of recoverable oil from oil shale. This region could one day reduce our dependence on foreign oil.

While the land is held in federal hands, they are leasing land out to companies for testing purposes. Shell oil company is one of those companies. Shell is testing one specific location in Colorado about the size of a football field. Shell is testing the freeze wall which keeps water out of the production area while they basically heat and extract the oil from shale.

For more on the Green River

Friday, July 18, 2008

XTO Energy XTO Earnings 7/22

XTO Energy ( XTO ) reports earnings Tuesday July 22nd, 2008 8am Est. XTO Energy is expected to report $1.08 in Earnings.

This will be a key conference call for people wanting new details on XTO's shale plays including the Haynesville Shale, Marcellus Shale, Barnett Shale, and Bakken Shale Fields in which XTO has acreage positions.

I will be on the Conference Call in which I will report and important highlights right here in my blog. Barrons came out today and gave positive highlights on XTO today. It was also upgraded.

Thursday, July 17, 2008

Woodford Shale -Chesapeake Energy CHK Sells

Chesapeake has announced today that they will be selling 90,000 acres of their Woodford Shale portfolio to BP for 1.75 Billion.

CHK will use the money for other shale plays including The Marcellus Shale, Haynesville Shale.

The Woodford Shale is located in Oklahoma and is considered a medium range Shale Gas Play. I would probably compare it to the Utica Shale although the Utica is still very young.

For more on the Haynesville Shale and companies drilling there, visit

Tuesday, July 15, 2008

Haynesville Shale Stocks - Companies

I have put together a website that lists the Haynesville Shale stocks and also explains information about the Haynesville Shale.

Bakken Shale Discovery - BEXP Brigham

Brigham Exploration today announced that the well they have drilling is hitting over 700 barrels of Oil per day. Their first well is hitting over 600 barrels per day in oil equivalent.

Big news out of the Bakken Shale! Continental Resources last week said their well was hitting over 1000 barrels a day with half being natural gas.

For more of the Bakken Shale....visit these two websites

Monday, July 14, 2008

Bakken Shale - North Dakota

Last week Continental Resources came out with positive news regarding one of the oil wells hitting over 1,000 barrels of Oil per day. This was exciting news for investors of CLR as the stock hit $82 per share today. I have been hearing from residents in that area that there is talk of the whole state of North Dakota being in the Oil Shale Formation of Bakken Shale. This would be huge for that state, especially the people who own land up there.

For more information on the Bakken Shale....visit

President Bush lifting Drilling Ban Outer Continental Shelf

President Bush has just come out and lifted the drilling ban on the outer continental shelf or OCS in the gulf of Mexico and other areas.

This will pave the way for companies to drill offshore in hopes to discover oil and natural gas.

The only thing standing in the way right now is congress...the ball is in their court, says Bush.

Bush also calls for the ANWAR Ban to be lifted.

For more information on ANWAR :

Marcellus Shale - Range Resources RRC

Range Resources RRC is out with a Marcellus Shale update this morning.....very nice indeed! They state that their Acreage position is now 1.4 million acres....also they think their high graded acreage position stands at 850,000 acres.

More Marcellus Shale Natural Gas Formation information can be found at the following link

Haynesville Shale Websites

Several New Haynesville Shale related websites to note:



Sunday, July 13, 2008

Haynesville shale Meeting - Ringgold

A speaker from Chesapeake Energy CHK will be speaking at a information meeting at the Ringgold school complex Wednesday Night.

New Haynesville Shale Message Board

A new Haynesville Shale Discussion Board - Chat Forum has been made on Facebook. For anyone that would like to discuss the Haynesville Natural Gas Field...check out this site.

For more information on the Haynesville Shale....go to this website

Marcellus Shale - New Message Board

For all of those people out there that want to discuss the Marcellus Shale.....we've opened up a new group on Facebook. Follow this link to the Marcellus Shale Forum Message Board

For many that don't know, The Marcellus Shale is a natural gas formation below the earths surface. Located in PA, WV, OH, NY....The Marcellus Shale holds a large natural gas pool. Many companies are scooping up land and making landowners rich. For more information on Marcellus Shale...go to this website.

Friday, July 11, 2008

Horn River Shale bigger then Haynesville Shale & Barnett?

Is the Horn River Basin Shale in B.C, Canada bigger then the Haynesville Shale in Louisiana & the Barnett Shale in Texas?

The Horn River Shale located in the North East section of British Columbia, Canada is the newest and possibly the biggest shale play in North America to hit the stage. Not to many people know about this shale as they do about many of the other American Shales.

Geologists estimate the Horn River Shale could hold 250 trillion cubic feet of Natural Gas reserves. Only 10-20% would be recoverable leaving this shale play with the potential to hold 25-50 TCF's of natural gas.

Recently Wood Mackenzie, a research firm, also back up the figure above.

For more on the Horn River Gas Shale and companies involved in drilling operations.....go to this site.

Thursday, July 10, 2008

Bakken Shale News CLR

Continental Resources CLR is out with some exciting news from the Bakken Oil Shale. Their second well is hitting over 1,000 barrels of oil a day with 10% of that being natural gas. The Bakken Shale is in North Dakota and Canada.

You can find more about this news and about Bakken Shale here

Also, Check out the Utica Shale page we just put up

Wednesday, July 9, 2008

The Utica Shale Play - Canada 7-09-08

The Utica Shale Play, located in Quebec Canada, has been heating up lately. Several companies are buying up acres in a big way. The leader appears to be Forest Oil Company FST....followed by several small companies which I will be listing later today on my website.

Keep an eye on this shale as it is estimated to hold over 24 trillion cubic feet in Natural Gas Reserves. Action really only started on this shale last year beginning with Forest Oil. Haynesville Shale started I believe in 2005-2006.

For more on the Utica Shale - go to this website

For more on President Bush's offshore drilling plan... go here

Tuesday, July 8, 2008

Boone Pickens CNBC 7-8-08 Wind

700 Billion dollars worth of Oil we import every year
We import 70% of what we use regarding Oil
Our Oil consumption has put us near disaster
Boone is ready to go drill everywhere to get us out of this mess, OCS, everywhere
Oil, Coal, Natural Gas, Biofuels, Wind, Solar, Hydrogen, Nuclear ...a list of our Natural Resources
Boone says the USA is the Saudi Arabia of Wind Power

The Plan.... Build Wind Farms, Use Natural Gas for Car Fuel

Look at Sweatwater Texas Wind Farms - Pampa Texas - Shell

We could have 200,000 megawatts by 2010 if we push wind power

The Plan.... Use Natural Gas - We could reduce the 700 Billion in Oil every year by 38%....we can do this by 2015-2020

For more on the Alaska Oil Field - ANWAR go to this website!

Monday, July 7, 2008

Chattanooga Shale - Tennessee Shale Field

The Chattanooga Shale is a natural gas reservoir located in Tennessee. Many companies have been drilling here and striking lots of natural gas. The Chattanooga Shale extends into the following states: Georgia, Tennessee, Alabama, Kentucky.

You can find more on the Chattanooga Shale at the following website, which includes a map of the shale and other shale plays in the USA

Friday, July 4, 2008

Haynesville Shale

The Haynesville Shale, rich with natural gas and companies wanting to drill for it. I have read many articles in the past few months about the Haynesville Shale being hyped up. Are these people living in a geologic cave? The natural gas results coming out from the companies that are drilling at Haynesville Shale are incredible. Anyway, if you want to see detailed maps of Haynesville Shale....go here

Also, the public companies that are drilling for the shale gas

There sites are good information on Haynesville Shale and ever have several maps with detailed drilling activity. Go Haynesville Shale!