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oil and gas co. profits

Not expanding drilling may cost U.S. $2.4 trillion

Tom Doggett (REUTERS)
WASHINGTON
Tue Feb 16, 2010 7:34am EST

WASHINGTON (Reuters) - The U.S. economy will lose $2.4 trillion over the next two decades if the federal government does not allow oil and natural gas drilling in restricted onshore lands and in offshore areas previously closed to energy companies, according to a new study released on Monday.

Read the rest here:
http://www.reuters.com/article/idUSTRE61B2R520100216

Multiple pays yield gas in [Upstate] New York

By OGJ editors
HOUSTON, Jan. 27 -- Gastem Inc., Montreal, found gas in one sand and two shales with good thickness at its first well in a planned drilling program on 35,000 acres in western New York.

The Ross-1 vertical well in Otsego County yielded gas from Ordovician Utica shale, Silurian Oneida sand, and Devonian Marcellus shale, the company said. TD is 4,950 ft. The three zones “will be the subject of extensive programs in the coming months,” the company said.

The Utica An Emerging Canadian Shale Gas Play

By Richard (Rick) Mills

As a general rule, the most successful man in life is the man who has the best information

Chesapeake Energy Corporation Secures New Pipeline Capacity to Expand Natural Gas Market in New York City Metro Area

Chesapeake Energy Corporation Secures New Pipeline Capacity to Expand Natural Gas Market in New York City Metro Area

Posted on : 2009-12-28 | Author : Chesapeake Energy Corporation
News Category : PressRelease

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Norse energy pulling out- DON'T BE REDICULOUS

    For those of you who think that the gas companies are pulling out, make sure you read this:
http://www.cisionwire.com/norse-energy-corp-asa/us-operational-update-2

NORSE ENERGY PLANS FROM THE PRESIDENT

Chesapeake stops worring.....

and learns to love low gas prices.   GO TO:

http://www.fool.com/investing/dividends

THE MASSIVE SHALE PLAY JUST GOT BIGGER

DON'T THINK FOR A SECOND THAT NATURAL GAS IS DOWN FOR THE COUNT.....

http://www.energyandcapital.net/newsletter.php?date=2009-01-26

THE RUSH FOR NATURAL GAS

Everything you need to know about leases, legal options, Marcellus Shale, gas companies and more, plus a place for you to share information in forums and blogs.

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There is tons of information on this page...If you have a question, chances are it is there...Take the time to go through all the links for a terrific understanding of what is going on.
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Chesapeake Energy Wants a Marcellus Shale Joint Venture

http://shaleblog.com/2008/chesapeake-cuts-natural-gas-production-estimates/ Chesapeake Energy is looking for a 25% partner in its Marcellus Shale natural gas leases.  They are in discussions with multiple parties and anticipate a close to the transaction by the end of year.  More details in their news release.

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Statistics

There are 194,500 acres represented in the Coalition as of 8/18/2010. The latest gas offers in New York State are $3000/acre with 20% royalties.

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