Fayetteville Shale
22nd December 2011
Company to Invest 1.2 Billion in Fayeteville Shale in 2012
Southwestern Energy Co. of Houston said Monday December 19,2011 that it will slightly lower its 2012 investment in the Fayetteville Shale.
In a document filed with the Securities & Exchange Commission, Southwestern estimated it will have invested $1.3 billion in the shale in 2011, and will invest $1.2 billion in 2012.
The investment is still the largest by the company than in any other play. Its next greatest expenditure comes in the Marcellus Shale in Pennsylvania, where Southwestern will increase expenditures from $290 million in 2011 to $530 million in 2012. Read more »
30th November 2011
County Water Free of Flacking Fluid
Jaysson Funkhouser of the U.S. Geologic Survey said Wednesday November 28, 2011 that testing of domestic water wells in the Fayetteville Shale area in Van Buren County is complete, and sampling in Faulkner County will begin the end of this month.
More than 70 wells were sampled in Van Buren County with no indicators found for drilling or fracking fluid, the USGS stated.
In addition, select water samples that were tested for methane gas indicated none was present. Read more »
19th November 2011
Company to Spend U.S. 4.5 billion on Shale
BHP Billiton Ltd. plans to invest roughly US$4.5 billion developing the shale oil and gas assets it bought in the U.S. this financial year as it ramps up production, the head of the mining company's petroleum division said Monday.
BHP expects capital spending to jump to almost US$6 billion in the 2015 fiscal year and roughly US$6.5 billion by 2020 as the company ramps up the number of rigs on its four project areas, Michael Yeager said in a conference call from Melbourne. Read more »
18th October 2011
Politician Weighs in on Fayetteville Shale
Gov. Chris Christie missed the boat on hydraulic fracturing, or “fracking,” with his misguided conditional veto of the New Jersey Legislature’s bold and forthright Frack Ban Bill. Through a united stand for the people and the environment by the state’s leaders, New Jersey could have been the first state in the nation to put clean drinking water before a dirty method of natural gas drilling. Instead, the governor has replaced a brilliant pro-active policy with a weak one-year moratorium on fracking. Read more »
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