HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Drill baby drill.... we h...

Sat Dec 1, 2012, 02:12 PM

 

Drill baby drill.... we have so much damn natural gas right now.... that drilling companies

are leaving the big find in N. Louisiana and heading to fields that have oil instead. The cost of drill baby drill is depressed prices and faulty investments and loans.


http://www.theind.com/business-cover/11838-shale-shakeup
November 2012

Rigs are dropping like flies at the Haynesville shale, down 80 percent from a year-and-a-half ago, but Louisiana oil and gas insiders say the drilling exodus from the North Louisiana site is only a minor concern.

Also of little concern is the growing number of companies pulling operations out of this natural gas-rich vein of dense rock that straddles Louisiana and Texas largely because drilling costs are higher than many other places (not to mention low natural gas prices) and moving to new shale hot-spots ranging from North Dakota to the Appalachian Basin.

2 replies, 629 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Drill baby drill.... we have so much damn natural gas right now.... that drilling companies (Original post)
2on2u Dec 2012 OP
soleft Dec 2012 #1
Paladin Dec 2012 #2

Response to 2on2u (Original post)

Sat Dec 1, 2012, 03:03 PM

1. I watched Gasland this morning

Crazy scary

Reply to this post

Back to top Alert abuse Link here Permalink


Response to 2on2u (Original post)

Sat Dec 1, 2012, 03:05 PM

2. Same Thing Is Happening In Wyoming.


Exploration companies can't get out of gas plays quick enough, shifting over to deeper oil pockets where horizontal drilling is used.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread