Initial findings indicate a “possible correlation” exists between a series of recent small earthquakes in the Barnett Shale and one of Chesapeake Energy Corp.’s reinjection wells used to dispose of saltwater, officials said late Thursday. As a precaution, Chesapeake said it has shut two disposal wells.
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Initial Study of Barnett Tremors Points to Reinjection Well
Initial findings indicate a “possible correlation” exists between a series of recent small earthquakes in the Barnett Shale and one of Chesapeake Energy Corp.’s reinjection wells used to dispose of saltwater, officials said last week. As a precaution, Chesapeake said it has shut two disposal wells.
Questar’s Haynesville Acreage May be Play’s ‘Sweet Spot’
Early results from a pair of wells in northwestern Louisiana’s Haynesville shale play could indicate that Questar Corp.’s exploration & production (E&P) unit has hit the play’s “sweet spot,” CEO Keith Rattie said Thursday.
Questar’s Haynesville Acreage May be Play’s ‘Sweet Spot’
Early results from a pair of wells in northwestern Louisiana’s Haynesville shale play could indicate that Questar Corp.’s exploration & production (E&P) unit has hit the play’s “sweet spot,” CEO Keith Rattie said Thursday.
FPL: Human Error May Have Caused Florida Outages
Preliminary findings of an ongoing investigation into the cause of widespread power outages that swept across Florida last Tuesday indicate that the primary cause was human error, Florida Power & Light Co. (FPL) said Friday.
Futures Rally Fails as January Finishes Just Above $7
Psychological support at $7 held up once again on Tuesday for January natural gas futures, but the talk among traders seemed to indicate that the last stand could be right around the corner as temperatures are likely to warm up in the latter part of December. The prompt-month contract closed Tuesday at $7.085, up 5.3 cents from Monday.
Fundamentals Should Sustain $7.50 Gas Price, Herold Analyst Says
Recent spending patterns by North American natural gas producers indicate support for a New York Mercantile Exchange price of around $7.50/Mcf to sustain development, especially in some of the more costly shale plays, according to an energy analyst with John S. Herold.
Herold: Fundamentals Should Sustain $7.50 Gas Price
Recent spending patterns by North American natural gas producers indicate support for a New York Mercantile Exchange price of around $7.50/Mcf to sustain development, especially in some of the more costly shale plays, according to an energy analyst with John S. Herold.
Geothermal Developer Plans on Tapping Texas Wells
Results of the first geothermal lease auction by the Texas General Land Office released Tuesday indicate a strong interest in developing the state’s geothermal resource for power generation. Texas is particularly attractive because in some cases geothermal energy can be captured from producing oil and gas wells, and abandoned wells offer a pre-existing tap to the earth’s heat.
Oil and Gas Wells Can Tap TX Geothermal Resource
Results of the first geothermal lease auction by the Texas General Land Office released last week indicate a strong interest in developing the state’s geothermal resource for power generation. Texas is particularly attractive because in some cases geothermal energy can be captured from producing oil and gas wells, and abandoned wells offer a pre-existing tap to the earth’s heat.