A relatively short trip from the Haynesville Shale and about as old as the Eagle Ford, the Tuscaloosa Marine Shale (TMS) — which stretches from Texas through Louisiana and into Mississippi — could right now be considered the “penny stock” of the shale plays. Those who get in early will get in cheaply, but they’ll have to stomach some risk as the play is not yet a sure thing like its more mature peers.
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LOGA, Louisiana Officials Lock Horns Over Tax Revenue
A Louisiana government official’s statement that the state will see a decrease in tax revenues in coming years due to natural gas drillers moving their operations from taxable areas in South Louisiana to tax-exempt fields in North Louisiana “could not be further from the truth,” according to Louisiana Oil & Gas Association (LOGA) President Don Briggs.
Northeast Dives at Odds With General Firmness
Subfreezing lows will be left in the wake of an icy coastal storm moving out to sea, but Northeast residents will no doubt welcome the chance to finish cleaning up in relatively dry conditions after the devastating blizzards in the middle of last week. Thus Northeast citygates took nearly all of Tuesday’s price hits ranging from about 40 cents to the $1.50 area (the Florida citygate chipped in with a loss of about a nickel).
Eagle Ford Drilling Sparks Broadband Buildout
By the middle of this year most of the Eagle Ford Shale region in South Texas will be blanketed with high-speed terrestrial wireless broadband provided by ERF Wireless unit Energy Broadband Inc., the company said.
What Supply Glut? Horizontal Rigs Hit New Record
Despite relatively low natural gas prices and a record-setting season for U.S. natural gas storage, it would appear that producers are not shying away from their development of shale plays, judging by the latest Baker Hughes rig count.
Forecasters: 2010 Hurricane Season A ‘Gentle Giant’
Despite bringing relatively little damage to the United States mainland and energy interests in the Gulf of Mexico, the 2010 hurricane season, which officially ended last Tuesday, was one of the busiest in years, according to weather forecasters at the National Oceanic and Atmospheric Association (NOAA) and Andover, MA-based WSI Corp.
What Supply Glut? Horizontal Rigs Hit New Record
Despite relatively low natural gas prices and a record-setting season for U.S. natural gas storage, it would appear that producers are not shying away from their development of shale plays, judging by the latest Baker Hughes rig count.
NOAA: 2010 Hurricane Season Was a ‘Gentle Giant’
Despite bringing relatively little damage to the United States mainland and energy interests in the Gulf of Mexico, the 2010 hurricane season, which officially ended Tuesday, was one of the busiest in years, according to the National Oceanic and Atmospheric Association (NOAA).
Most Points Up Again in Bow to Approaching Cold
Next-day forecasts still relatively moderate, but traders see heating load increases nearby.
Prices Mostly Soft as Negative Fundamentals Continue
Prices continued to fall at most points Friday as temperature forecasts remained relatively moderate for most areas in late August, a lengthy streak of futures weakness continued and there was still no threat to offshore production from Atlantic tropical activity.