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Braxton Minerals III LLC is selling its royalty interests (producing minerals) and non-participating royalty interests in one hundred plus (100+) wells, plus non-producing minerals, all located in Doddridge, Marshall, Ritchie, Tyler and Wetzel Counties, West Virginia and Greene County, Pennsylvania.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/marketed-100-well-package-mineral-royalty-interests-appalachia/

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The Environmental Defense Fund (EDF) released an analysis this week that claims, “Pennsylvania’s oil and gas companies emit at least five-times more methane pollution than they report to the state.” But EDF’s analysis is misleading, considering it’s based on an outdated report that overestimated emissions and the fact that only the unconventional oil and gas industry – which represents 82 percent of new wells drilled since 2015 and 72 percent of the wells drilled in 2015 – is required to report emissions to the Pennsylvania Department of Environmental Protection (DEP). The unconventional industry is also the only industry that is targeted by the new proposed methane emissions regulations.

The latter said, it is far more relevant that Pennsylvania’s unconventional oil and gas industry has been steadily reducing its methane emissions since reporting began in 2012, and recent sampling has shown that methane leakages rates in the Marcellus are “very low.” That’s significant, considering the unconventional industry represented a mere 18 percent of new wells drilled from 2000 to 2015 before jumping to 82 percent from 2015 to 2018, with production skyrocketing to more than five trillion cubic feet of natural gas annually.

Read the full post on EIDClimate.com.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/edfs-misleading-marcellus-methane-report-based-on-outdated-study-that-overestimated-emissions/

The Trump administration on Feb. 16 said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest.

The Interior Department said it would offer 77.3 million acres (31.3 mln hectares) offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas development, an auction that includes all available unleased areas in the Gulf of Mexico. The blocks are from 5 km to 372 km (3 miles to 231 miles) offshore and in waters 3 m to 3,390 m (9 ft to 11,115 ft) deep.

The department announced the auction in October, without an exact date. The sale is in support of President Donald Trump’s so-called America First Offshore Energy Strategy, which aims to reduce energy imports and boost jobs in the industry.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/us-sets-largest-offshore-oil-gas-lease-auction-for-march/

Watsonville, Calif.-based Granite Construction Inc. and The Woodlands, Texas-based Layne Christensen Co. announced Feb. 14 that they have entered into a definitive agreement whereby Granite will acquire all of the outstanding shares of Layne in a stock-for-stock transaction valued at $565 million, including the assumption of net debt. The transaction, which was unanimously approved by the boards of directors of both companies, is expected to close in second-quarter 2018.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/granite-construction-to-acquire-layne-christensen-in-565-million-stock-deal/

EID has been following the progress of Senate Bill 462 as it makes its way through the Florida Senate.  What is clear after the first hearing on the proposed legislation to ban fracking in Florida is that this all-too-familiar effort is based on the same flawed arguments as the previous attempts to do so.

The most outlandish claim this year is that this bill will not impact Florida’s existing oil and gas industry – an industry that has been safely operating in the Sunshine State for more than 70 years. Make no mistake: this bill – and its companion bill in the House – would negatively affect conventional oil and gas development in Florida.

You see, the proposed bills would not only ban fracking – a well stimulation technique NOT being used in Florida today AND the same well stimulation technique used routinely to safely develop 69 percent of America’s oil and natural gas wells – but also other forms of necessary well stimulation.  These other forms of well stimulation have been safely and routinely used on wells in Florida throughout its long history of, predominantly, oil development.

If these practices are banned they will cripple Florida’s oil and gas industry – inhibiting its ability to improve the performance of existing wells, develop new wells or invest in future development. And that equates to significant losses for the state and local communities, including tax revenues, jobs, royalties and lease payments.  Such impacts could lead to situations similar to what has occurred in the Delaware River Basin in Pennsylvania and in New York where parties that feel a ban is an attack on their private rights have taken their grievances to the courts seeking compensation.

But here’s the clincher: the “ban fracking” effort is based on a misinformation campaign designed to instill fear of potential risks that have not come to pass in areas with significant oil and gas development.

Let’s take a look at the facts that debunk the most misleading claims made by the bill’s proponents:

FACT: Fracking is not causing higher infant mortality, lower birthweights or birth defects.

One of the most repeated claims during the hearing was that there are studies showing that fracking is causing more infant deaths, lower birthweights and birth defects in newborns. But it’s not.

In Pennsylvania’s six most heavily drilled (and fracked) counties, where many of these studies have been focused, state Department of Health data actually show that infant mortality rates have improved at a greater rate than the state as a whole in the years since shale development took off.

PA-Mortality-Fig11.jpg

The most recent study on infant birthweights in the Marcellus – which was partially funded by the MacArthur Foundation, a group that has provided anti-fracking Earthworks and Natural Resources Defense Council $10 million since 1978 – took no actual exposure samples and was unable to show a causal link between fracking and birthweights in the region. In fact, the authors noted in the study that the mothers they studied were “younger, less likely to have been married at the time of the birth, and less educated— characteristics that might lead to worse infant health outcomes even in the absence of fracturing.”

Further, data from the study actually showed that mothers further from the well site (2-3 kilometers) were more likely to have babies with low birthweight than those closer to the well site (1-2 kilometers) – a direct contradiction to the topline findings.

Princeton-Study-Table2-e1513190016514.jpgA 2015 Johns Hopkins study on premature births was another case of contradictory data, where premature birth rates near well sites fell below national averages, and researchers did not account for confounders like alcohol use and chose to disregard data from years prior to shale development.  Peers like Dr. Gilbert Ross, senior director of medicine and public health at the American Council on Science and Health were very critical of this study, saying, “There is no possible way this retrospective study could have accounted for key issues…” and, “Realistically, there is no way hydraulic fracturing could have had an impact on pregnancy outcomes.”

FACT: Fracking is not negatively impacting tourism and agriculture in states with significant oil and gas.

EID recently analyzed tourism data across the top oil and gas producing states across the country and along the Gulf Coast, including Florida. The data showed that tourism is thriving alongside the oil and gas industry in these states.

Tourism_Oil-Gas_Infographic.jpgGulf-Coast-Energy-Infographic.png

Agriculture has also benefited from shale development. Looking at Pennsylvania again, a 2015 Bradford County Conservation District (BCCD) study that analyzed farms in Bradford County from 2007 to 2012 found that during this time period, the county had 1,106 shale wells drilled – more than 75% of the 1,400 plus wells in the county today.

Some of the study’s topline findings include:

  • Total number of farms increased 11.8 percent (from 1,457 to 1,629)
  • Total farm acreage increased 15.5 percent (from 266,635 to 307,990 acres)
  • The estimated market value of land and buildings per farm increased 25.3 percent (from $558,698 to $700,259)

As PA Farm Country Radio host Dave Williams wrote in a 2017 Lebanon Daily News opinion piece that was chock full of information on the many ways shale has been beneficial to Pennsylvania’s agricultural industry:

Put it all together and there’s simply no doubt: the shale revolution has been a huge boost for Pennsylvania agriculture.”

Conclusion

Other issues were brought up at the hearing that are also frequently mentioned by “ban fracking” activists – everything from injection wells and earthquakes to water quantity worries to disclosure of chemicals, and even a concern about methane leaks.

But here’s the thing. The primary cause of Oklahoma’s earthquakes has been wastewater disposal — a completely separate process from fracking — and they have been reduced 82 percent since their peak in 2015, thanks to collaborative efforts from industry, government and academia. The amount of water being used in oil and gas development in “drought-stricken California” has been a non-issue, and in 2015 both the Government Accountability Office and Duke University found that fracking accounts for less than one percent of total U.S. water consumption.

Contrary to popular belief in Florida, the industry is regulated by the Community Right-to-Know Act (passed in 1986), which mandates that detailed product information sheets be drawn up, updated, and made immediately available to first-response and emergency personnel in case of an accident on-site. And most companies do disclose fracking solutions on FracFocus.org or similar state disclosure sites.

Further, just last week the Environmental Protection Agency’s latest draft Greenhouse Gas Inventory found that oil and gas methane emissions continue to fall, and have done so since 1990, even as U.S. oil and gas production are shattering previous records.

Fear of the unknown is understandable, but the decision to allow oil and gas development within Florida’s borders – because these efforts to ban fracking are, in fact, a ban on all oil and gas development – is not a choice between the environment and economy.  This industry has safely operated in Florida for decades and will continue to do so regardless if fracking is ever used.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/ban-fracking-initiative-would-impact-conventional-oil-amp-gas-development-in-florida/

The U.S. Environmental Protection Agency (EPA) released its draft 2018 Greenhouse Gas Inventory (GHGI) this week, and this latest data show that oil and natural gas system methane emissions declined from 2015 to 2016, continuing a downward trend since 1990 that has come at the same time production has skyrocketed.

Visit EIDClimate.org to read the full blog post.

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/new-epa-data-show-oil-and-gas-methane-emissions-fell-from-2015-to-2016/

A new completion design with 60 sliding sleeve stages and proppant loading of 140,000 pounds per stage is boosting EUR rates by as much as 15% in the Bakken shale play for Hess Corp. (NYSE: HES).

The improvement in both EUR and IP 180 productivity prompted Hess to increase the EUR estimate for its Bakken acreage to 2 billion barrels of oil equivalent (Bboe) from 1.7 Bboe, Greg Hill, president and COO of Hess, told analysts on an earnings call this week.

“Wells brought online in 2018 are expected to deliver an average EUR of greater than 1 million barrels of oil equivalent and generate returns of 40% to 50% at a $50 per barrel WTI,” Hill said. “In addition, we’ve increased by 25% the number of wells that can deliver a 15% return or higher at $50 per barrel WTI to 1,780 wells, which represents more than 60% of our remaining well inventory.”

Source: Daily Dose of ShaleDirectories.com News

https://www.shaledirectories.com/blog/hess-sees-gains-in-bakken-with-new-completion-design/