Former Quebec Premier Lucien Bouchard, who now serves as president of the Quebec Oil and Gas Association (QOGA), appeared before a Quebec National Assembly committee to urge compensation for companies in limbo from the province’s environmental study of shale gas, but the meeting became heated after a legislator called Bouchard “unfaithful” to Quebec’s citizens.
Mineral
Articles from Mineral
Ohio House Passes Bill Allowing Drilling on State Land
The Republican-controlled Ohio House of Representatives passed HB 133 by a 54-41 vote on Wednesday. The measure opens land owned by the state — including state parks — to oil and gas leasing and creates a five-member Oil and Gas Leasing Commission.
Boroughs Nix Lease Proposal in Suburban Pittsburgh
Two communities in suburban Pittsburgh voted against a proposal for their regional park authority to sign a five-year, non-surface lease with a land brokerage firm this week, effectively killing the deal.
Industry Briefs
Houston-based independent Magnum Hunter Resources Corp.’s Triad Hunter LLC unit has bought Marcellus Shale oil and gas properties and leasehold mineral interests in Wetzel County, WV, for $20 million, the company said. The assets acquired include 2,225 net contiguous acres containing 20 identified horizontal drilling locations, of which seven gross locations are currently booked as proved undeveloped. A company analysis conducted in December found that the assets contained total proved reserves of about 11.5 Bcfe (16% proved developed producing) with net production of 517 Mcfe/d (100% natural gas).
Louisiana’s Latest Lease Sale Tilts Southward
Louisiana’s Mineral and Energy Board collected more than $11.5 million in bonuses in its March lease sale in which buyers heavily favored tracts in South Louisiana as opposed to the northern part of the state.
North Louisiana Garners More Interest in Latest Sale
The latest monthly lease sale held by Louisiana’s Mineral and Energy Board last Wednesday garnered more than $500,000 in bonuses, which brought the total collected for fiscal 2010-2011 to more than $24.3 million.
Magnum Hunter Adds to West Virginia Holdings
Magnum Hunter Resources Corp. subsidiary Triad Hunter LLC is acquiring oil and gas properties and leasehold mineral interests in Wetzel and Lewis counties, WV, in the Marcellus Shale from Oklahoma City-based PostRock Energy Corp.
Animated Maps Show Marcellus Up Close and Personal
The pace and extent of development in the Pennsylvania portion of the Marcellus Shale now may be “seen” in animated maps produced by the Penn State Marcellus Center for Outreach and Research, officials said Tuesday.
Louisiana Lease Sale Raises Millions
The Louisiana Mineral and Energy Board’s monthly lease sale in August collected more than $3.7 million in bonuses, bringing the fiscal year total to more than $8.3 million.
Louisiana Already Reaping Rewards from Haynesville Shale
Fueled by the emerging Haynesville Shale, the Louisiana Mineral Board (LMB) collected a record-breaking $48.7 million in lease payments from its July lease sale.