Sunday November 13, 2011 08:42
Friday January 27, 2012 13:57
Friday January 27, 2012 13:57
Fracking Gets Its Own Occupy Movement
Byron King on horizontal drilling and fracking
$tock Gumshoe ratings of Outstanding Investments.
Here's what caused the below email.
Surging prices for oil and natural gas shales, in at least one case rising tenfold in five weeks, are raising concerns of a bubble as valuations of drilling acreage approach the peak that was set before the collapse of Lehman Brothers Holdings Inc.
Chinese, French and Japanese energy explorers committed more than $8 billion in the past two weeks to shale-rock formations from Pennsylvania to Texas after 2011 set records for international average crude prices and U.S. demand for natural gas.
From: "Michael Fisher" To: firstname.lastname@example.org
Sent: Tuesday, January 10, 2012 7:33:44 PM
Subject: Shale Oil and Overseas Buyers
It is absolutely incredibly to me that the U.S.A. is willing to sell its mineral rights to foreign investors. We find ourselves in a position of strength with these new techniques for extracting oil and gas right here in our own backyard and we are allowing other countries in on the action. In my opinion we should hold onto these reserves and develop them with American companies only in order to gain some ground in becoming energy independent. What we need is 1,000,000 more companies doing exactly what we are doing and bringing these wells online with domestic workers and the profit going right in to the U.S. economy. Think about it for a moment. These overseas companies are spending billions investing into our mineral rights. These are smart companies who can read the writing on the wall. Oil and gas prices will rise dramatically over the next few years and just think about what it will be in 10 or even 20 years. In the not so distant future we will look fondly back onto the days when oil was $150 per barrel. It is economics 1 on 1, oil is a globally driven market and right now we are barely keeping up with demands, but as countries like China's and India's energy demands grow it will push the market over the edge to were the demand outpaces the supply. Once that happens the price of oil will shoot up in order to curb some of those demands back. Now who stands the most to gain when this happens? That's right, the big oil companies. Just take a look at Exxon, those guys are raking in billions in a down economy. But is really is simpler than that, anyone who owns oil wells will be effected in the same positive way. So if you own oil wells you will see the same boom that Exxon does, just on a much smaller scale.
These investors know that the shale formations are the key to future success. According the New York Times, the industry estimates that these shale reservoirs hold two to three times as much oil as Prudhoe Bay, the Alaskan oil field that was the last great onshore discovery. This is incredible and if we, Americans, play our cards right, we can really take advantage of something that will bring in a time of stability and security in the energy market. Just imagine if we didn't have to import any oil. I'm not saying that these oil fields are capable of doing that outright, but it is a huge step in that direction.
Have great evening,
Frisday December 16, 2011 07:56
Delta Petroleum files for Ch.11 bankruptcy
The company, founded in 1984, has focused on finding and developing oil and natural gas wells in the Rocky Mountains. Its luck turned sour this year, however. It was forced to book a $458 million loss in the first nine months of the year, mostly from costs related to drilling dry holes.
This past week, the Canandaigua Lake Watershed Council became one of the latest groups to plead formally for protection from the gas drilling procedure, also called hydrofracking, which involves blasting chemical-laced water into the ground. The council consists of leaders representing the 14 municipalities dependent on Canandaigua Lake for their drinking water.
A warning for shale gas investors
The U.S. Environmental Protection Agency said for the first time it found chemicals used in extracting natural gas through hydraulic fracturing in a drinking-water aquifer in west-central Wyoming.
Samples taken from two deep water-monitoring wells near a gas field in Pavillion, Wyoming, showed synthetic chemicals such as glycols and alcohols consistent with gas production and hydraulic-fracturing fluids, the agency said today in an e- mailed statement.
The U.S. gets about one-third of its gas from fracturing, or fracking, in which millions of gallons of chemically treated water and sand are forced underground to break rock and let trapped vapor flow.
The EPA found that compounds likely associated with fracking chemicals had been detected in the groundwater beneath a Wyoming community where residents say their well water reeks of chemicals.
Audio response to above email Saturday December 3, 2011.
Phone call received from Mike Fisher on Monday evening November 21. 2011.
In August, the U.S. Geological Survey said the Marcellus Shale region from New York to Ohio contains some 84 trillion cubic feet of undiscovered, recoverable natural gas, far more than thought nearly a decade ago. Some geologists have put the figure even higher, but those estimates are controversial.
No money sent yet.
Sunday November 13, 2011 08:48
Oil and gas investment pitch Friday November 11, 2011.
Phone message for Mike Fisher, Friday November 18, 2011.
Response to above phone message.
Pics will make phone conversation more meaningful.
Barnett Shale info.
Please answer each question fully. If the answer to any question is None or Not Applicable, please so state:
Firm Name: ____________________________________________________________________
Business Telephone Number: (~J
Business Fax Number: (9________________________
Residence Telephone Number: ()
Mobile Telephone Number: (9________________________
Social Security Number: ()_________________________ Date of Birth: _______________________________
College or University:
Other Specialized Education: ______________________________________________________
(b) List all Professional Memberships or Licenses:
Present occupation and employer:
Occupations and employers during last five (5) years:
PART A: ACCREDITED INVESTOR STATUS (Question 4)
(4) Check all of the following representations (a) through (d), if applicable. If not ap proceed to Part B (Questions 5 through 9). If participating as a company, partnership please also complete Part C. (Questions 10 through 14). All investors must complet (Questions 15 through 18).
____ (a) My individual income was in excess of $200,000 (or $300,000 with m~ spouse) in each of the two most recent years and I reasonably expect ai income in excess of $200,000 (or $300,000 with my spouse) in the curren year.
____ (b) I am a director or executive officer of the Joint Venture Manager.
(c) My net worth, or joint net worth with my spouse, exclusive of my primary residence, is (check one):
______ Between $1,000,000 and $2,000,000;
______ Between $2,000,001 and $3,000,000;
______ Between $3,000,001 and $5,000,000;
______ Between $5,000,001 and $10,000,000;
______ Over $10,000,000.
(d) The undersigned is an entity qualif~ing as an Accredited Investor as:
(check those that apply)
(i)() a bank as defined in Section 3(a)(2) of the Securities and Exchange Act of 1933; () an insurance company as defined in Section 2(13) of the Securities and Exchange Act; () an investment company registered under the Investment Company Act of 1940; or () a business development company as defined in Section 2(a)(48) of that Act; () a Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; () an employee benefit plan within the meaning of the Title 1 of the employee Retirement Income Security Act of 1974, the investment decision is made by the undersigned as a plan fiduciary, as defined in Section 3(21) of such Act, and the undersigned is () an employee benefit plan with total assets in excess of $5,000,000;
(ii) (9 a private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;
(iii) () an organization described in Section 50 1(c)(3) of the Internal Revenue Code, with total assets in excess of $5,000,000;
(iv) () an entity in which all of the equity owners are Accredited Investors as defined in Regulation D.
PART B. NON-ACCREDITED INVESTOR STATUS (Questions 5-9)
(5) My net worth, excluding home, furnishings, automobiles, and other assets, which are not readily
marketable, is in excess of (initial one):
$ 400,000 ____________
$ 375,000 ___________
(6) Tax Data
A. Last Year:
1. Gross Income: $____________
2. Taxable Income: $_____________
B. Current Year (estimated):
1. Gross Income $______________
2. Taxable Income $______________
(7) Have you previously participated in other private placement investments?
Yes: __________ No: _________
(8) State the types of investments in which you have previously participated (e.g. real estate, oil and gas drilling and/or lease acquisition, stocks, bonds, equipment leasing, agriculture, or commodities: and the form of ownership, such as direct ownership, limited partnerships, etc.):
Amount of Investment Types of Investment
(9) Note: SEC Rule 506 of Regulation D requires that each purchaser who is not an Accredited Investor have sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of an investment in the Joint Venture (Please initial in the space provided below.)
D I represent and warrant that I have such knowledge and experience in financial and business matters, that I am capable of evaluating the merits and risks of an investment decision.
BAFracking is a Ponzi Scheme that's nakedly transparent, if you just look at it. Only a fraction of Marcellus wells are productive. And the productive wells loose pressure 10x faster than predicted. Not one single Marcellus well has yet to turn a profit. It will be much more expensive to get this "abundant gas" than the proponents have predicted. But crazy "Get Rich Quick" investment money pours in. PONZI SCANDAL. Just go look at the fracking Ponzi Bust in Fort Worth.
Natural gas production is getting scrutiny.
TV programs advertise to investigate whether natural gas hype is BS or not.
Oilman2 On Fracking
A number of readers have asked me if the recent very out-of-place earthquake up in Oklahoma was caused by oil and gas work. So here's some valuable input to dial into your thinking on such matters from Oilman2 who has forgotten more about really getting oil and gas out of the ground than most folks ever learn...
[W]hile I do agree with the general premise that they follow (slim chance that large quakes are related), what needs to be stated here is that both the oil exploration companies and ANY federal administration (composed of career politicians) DO NOT WANT oilfield hydraulic fracturing linked to small earthquakes and/or changes in the water table or anything else. It is VERY important for both of these groups to maintain that the events are separate and unrelated. ...
Thursday November 10, 2011
Gas Fracking Probably Caused Earthquakes in U.K.
What is making these possible are new technologies, including the horizontal drilling of wells that start vertically and then turn to run horizontally through energy-rich rocks. Another key technology is hydraulic fracturing, which involves pumping millions of gallons of water and sand, along with chemicals, to break open deeply buried rocks and free oil and natural gas to flow to the surface. ...
Echoing industry concerns, Mr. Hackett said he is worried that anti-drilling sentiment could prevent the projected expansion. The energy industry's use of hydraulic fracturing, in particular, has prompted concerns about pollution; the federal government and several states are studying whether new regulations on water use and air emissions are needed.
Gas drilling poses health risks at every stage
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