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What does this say about natural gas???

littlejoe

Well-known member
This boggles my mind! Some people will step over a dollar to pick up a dime. Meanwhile, back in my 'lake in the woods' cabin in minn, was quoted today 5.10 a gal---plus delivery==for propane.

* Hess sells 74,000 acres in a "dry gas" window area for some $12,500 per acre in what it says are poor economics for this type of play. A very big difference of opinion on the belief in dry gas prices given the magnitude of this deal.


NEW YORK, Jan. 29 (UPI) -- Hess Corp.'s chief executive said Wednesday his company decided to unload acreage in the Utica shale play in the United States because it wasn't profitable.

Hess Corp. said it sold 74,000 acres in the Utica shale reserve area to an undisclosed party for $924 million. The shale area is spread out over much of the Appalachian Basin.

Chief Executive Officer John Hess said the sale is part of an ongoing effort to reshape the company's portfolio. He said his company was "no longer justified [in] retaining this acreage" because of poor economics.

Hess Corp. last week said it would spend $2.85 billion, about half of its 2014 exploration and production budget, on exploiting shale reserves, primarily in North Dakota.

Shale reserves in North Dakota are stimulating the overall production of oil and natural gas in the United States.

Hess Corp. last year said it was working to transform into an exploration and production company after it left the refining business by closing a facility in New Jersey.

Read more: http://www.upi.com/Business_News/Energy-Resources/2014/01/29/Hess-sells-74000-acres-of-Utica-shale/UPI-75331391020628/#ixzz2rpDcWDAR

...and....

HOUSTON, Jan. 29
01/29/2014
By OGJ editors

Hess Corp. has agreed to sell 74,000 acres of its dry gas acreage in the Utica shale to an undisclosed buyer for $924 million.

“While our wells in the dry gas portion of the Utica were highly productive, we concluded that the potential returns from such an investment, at current and projected natural gas prices, no longer justified retaining this acreage as a strategic part of our overall liquids-based asset portfolio,” said John B. Hess, chief executive officer.

Hess this month stated plans to increase expenditures in the Utica to $550 million from $455 million in 2013, targeting the wet gas window with 35 new wells (OGJ Online, Jan. 24, 2014).

The company in 2011 acquired Marquette Exploration LLC, which held 85,000 net acres in the Utica, for $750 million
 

Steve

Well-known member
I would bet they are tired of fighting to drill and just dumped the land as it would take to long to see a return on investment.

the utica/marcellus shale extends to the western edge of NJ, there are a few deeper shale deposits.. and exploration wells have been drilled over time.

but any drilling NOW is effectively banned.


Researchers at the United States Geological Survey (U.S.G.S.) have released a report documenting and assessing substantial “undiscovered” natural gas and oil resources that extend well up the East Coast of the United States, as far as western Massachusetts and central Connecticut.

The states, which contain these extensional basins, extend across parts of Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania, New Jersey, New York, Connecticut, and Massachusetts.

it is there but good luck drilling for it.

I have a friend.. a local farmer who has three exploratory wells on his property.

they are now capped and encased since the late 60's.

all three produced enough gas to justify the company to try to get production permits.. and keep the lease rights well into the eighties.

it isn't a matter of the wells or the area being profitable if production is allowed.

it is the hindrance by the fed, states and local communities to to actually seeing a profit on investment.

quite simply.. if they can't drill.. If they can't put in pipelines and infrastructure. they can't sell it to see any profit..
 

Steve

Well-known member
To try to explain the liberal mindset on natural gas is probably impossible..

but let me try.

the story of the local power plant.

we have a small power plant (BL England)
Two units burn coal (and up to 7 percent used tires) and the third unit burns bunker C oil.

it currently has two coal burning and one oil generators.

the coal generators are used daily to stabilize our grid by providing additional power as needed.. with the oil being used in emergency situations..



at one point it burned scrapped shredded tires and did so in a fairly clean manner.

emissions was tested over and over again.. and finally the liberals claimed burning the tires produced to much zinc.

so the tire burning stopped they continued burning coal..


in the latest attack.. (or I should say in " In one of the latest" attacks on the plant the liberals and Christie agreed to a plan to shutter one generator, and convert on to natural gas..


Most of the community wants the plant to stay open.. without it we will have brown outs and rolling black outs.. and the plant provides great tax abatement revenue for the community and county.

the town it is in (Upper Township) has no local property taxes.

it is a huge cash cow...

but some liberals from the cities think the local air is to dirty because of it. and they shouldn't have to put up with it..

most of US thought the Christie/liberal agreement would be a solution..

but there was a minor hitch getting gas to the plant.. not really a long one. by comparison to other projects just a little pipeline.. a mere speck at that.. but,..

B.L. England pipeline / Disappointing vote

South Jersey Gas' proposed 22-mile route from Maurice River Township to the plant includes a 10-mile stretch through preserved forests. But for that stretch, and for most of its route, the pipeline would run under Route 49 or along its right of way.

Yes, the pipeline would skirt forests on the edge of the 1.1 million-acre Pine Barrens, but it would hardly be the intrusion into pristine wilderness that some people imagine. We wonder how much of the opposition to this pipeline is a knee-jerk reaction to hearing "pipeline" and "pinelands" in the same sentence.

It's hard to imagine how that could be viewed as an environmental victory -

yep the pipeline would run under or next to an existing road..

while it might really suck if it had a leak for the poor schmuck who just happened to drive over the leak.. it wouldn't hurt the environment any more then the road already does..

but having a few hundred thousand people with no power would suck as well.. and may even kill more..

I can't understand liberals.. why can't they accept a win they fought for and won overwhelmingly?
 

littlejoe

Well-known member
you mentioned rolling brown/black outs. They are ordinarily not caused by a huge overload.

Rather a small one---say 1%. Which might trip 2% of your supply offline. Now you're down 3%--and away you go. Small plants like you posted are ideal to pick up the slack and avoid problems.
 
A

Anonymous

Guest
Coal trucks to stop rolling through Mercer County

Posted by: Lydia Gilbertson in Beulah, Local Energy News, North Dakota News, Top Stories January 30, 2014 0 32 Views




By Brian Gehring

Highway 200A between Beulah and the Missouri River should be less congested starting today.

For most of January, a fleet of 50 dump trucks owned by Northern Improvement has been hauling lignite coal to Basin Electric Power Cooperative’s LeLand Olds stations near Stanton.

Curt Person, spokesman for Basin Electric, said the 250 loads of coal a day for the past month has helped the plant stockpile 300,000 tons of lignite.

He said the trucks will stop rolling today.

The need to truck the coal some 35 miles from the Coteau Mine north of Beulah was brought about, in part, by a busier BNSF Railway.

He said Basin had a short two-hour window to fill two 60-car coal trains needed to make electricity when it is burned at the plant.

A new oil transloading station near Zap meant BNSF didn’t have enough crews available to move the coal at times.

“The railroad has been responsive to our needs,” Pearson said, and has committed to a putting on third crew to handle deliveries.


“Basically, we’ve been doing this a month,” he said. While still getting rail shipments of lignite, the trucks helped supplement supplies, he said.

Pearson said the need for lignite is higher this time of the year for a couple of reasons. There is a higher demand for electricity during the winter and because of the moisture content of lignite, 15-18 percent of the load sticks to the side of the coal cars and can’t be unloaded.

Mercer County Sheriff Dean Danzeisen said other than one incident when a truck tipped over near the mine, there have been no major issues.

“There has been more traffic, but I haven’t had many, if any complaints at all,” he said.

“The fact that it’s winter and things are frozen helped. The extra traffic hasn’t damaged the roadway.”


Here is another article that highlights one of the reasons for a lack of available energy... Besides infrastructure (drilling rigs, oilfield logistics, rail lines, oil and gas pipelines, new electric grids, etc. ) there is a big manpower shortage... Like this article outlines- the railroad can't find enough employees to hire and our local unemployment rate is down to 3%-- and in some counties/areas the 2% area...

The railroad pays good (comparable to Bakken ) so has kept their qualifications high- which means that just anyone that walks thru the door doesn't get hired... The biggest share don't show back up after the drug tests... A hiring call with 100 applicants may end up with 8-10 hires if lucky...

Just like the Bakken- many of those working on the BNSF up in this area are out of staters- with folks from Virginia, Tennessee, Texas, and California being common anymore...
 

Steve

Well-known member
littlejoe said:
you mentioned rolling brown/black outs. They are ordinarily not caused by a huge overload.

Rather a small one---say 1%. Which might trip 2% of your supply offline. Now you're down 3%--and away you go. Small plants like you posted are ideal to pick up the slack and avoid problems.

and over the years it has been very effective. we still have power outages.. because of transmission line failures.. but not because of lack of generation..

we also have another plant, a small one with three Gas turbine units.. that stabilizes the lower part of the county..
http://www.powerplantjobs.com/ppj.nsf/PowerPlants3?OpenForm&cat=2382&companyname=Conectiv%20Atlantic%20Generatn%20Inc&plantname=Middle%20Station
when the Gas turbines starts so do the trucks cause that baby can burn through some amount of fuel...


and while effective those units are not large enough to take up the slack if BL England is shuttered.
http://www.powerplantjobs.com/ppj.nsf/PowerPlants3?OpenForm&cat=2378&companyname=Atlantic%20City%20Electric%20Co&plantname=B%20L%20England
 

Steve

Well-known member
Here is another article that highlights one of the reasons for a lack of available energy... Besides infrastructure (drilling rigs, oilfield logistics, rail lines, oil and gas pipelines, new electric grids, etc. ) there is a big manpower shortage... Like this article outlines- the railroad can't find enough employees to hire and our local unemployment rate is down to 3%-- and in some counties/areas the 2% area...

The railroad pays good (comparable to Bakken ) so has kept their qualifications high- which means that just anyone that walks thru the door doesn't get hired... The biggest share don't show back up after the drug tests... A hiring call with 100 applicants may end up with 8-10 hires if lucky...

Just like the Bakken- many of those working on the BNSF up in this area are out of staters- with folks from Virginia, Tennessee, Texas, and California being common anymore...



yep.. that is a pickle of a problem.. must be tough going having to many jobs..

imagine if they could drill in Ohio,.. New York,.. New jersey, Virginia, the Carolina's .. and off the east coast ..

our unemployment would plummet further.. complete disaster just waiting to happen.. thank god Obama stopped this from happening..









inability-to-detect-sarcasm-may-be-early-dementia-sign.jpeg
 

hypocritexposer

Well-known member
Wouldn't the XL pipeline reduce the number of railway cars on the track, so they are not crashing into eachother?

the pipeline may even reduce the number of railway workers needed, yet require more workers with a different skill set.



:roll:
 
A

Anonymous

Guest
hypocritexposer said:
Wouldn't the XL pipeline reduce the number of railway cars on the track, so they are not crashing into eachother?

the pipeline may even reduce the number of railway workers needed, yet require more workers with a different skill set.



:roll:

Theoretically it should... If you talk to local farmers they wish the railroad wasn't in the oil business at all- as it has slowed the ability for the railroad to haul grain out of the area- thereby affecting prices.... One local elevator had over a million acres of wheat on the ground because they had no more space and couldn't get it hauled...

One of the things I still wonder- with all the available jobs now-that are paying fabulously high wages- and can't find folks to fill them---- will the pipeline be able to find enough employees? Or how low will they have to lower their standards to get them?
 

hypocritexposer

Well-known member
Oldtimer said:
hypocritexposer said:
Wouldn't the XL pipeline reduce the number of railway cars on the track, so they are not crashing into eachother?

the pipeline may even reduce the number of railway workers needed, yet require more workers with a different skill set.



:roll:

Theoretically it should... If you talk to local farmers they wish the railroad wasn't in the oil business at all- as it has slowed the ability for the railroad to haul grain out of the area- thereby affecting prices.... One local elevator had over a million acres of wheat on the ground because they had no more space and couldn't get it hauled...

One of the things I still wonder- with all the available jobs now-that are paying fabulously high wages- and can't find folks to fill them---- will the pipeline be able to find enough employees? Or how low will they have to lower their standards to get them?



ya, cause there aren't enough min. wage employees available for work, that aren't already working at McDonalds.



The Project Labor Agreement is with the Laborers International Union of North America, the International Brotherhood of Teamsters, the United Association of Journeymen and Apprentices of the Plumbing and Pipefitting Industry of the United States and Canada, AFL-CIO, the International Union of Operating Engineers and the Pipeline Contractors Association.


An ambitious project of this scope, spanning over five states and employing thousands of American construction workers, will unequivocally help remedy the struggles of our country’s working families,” said International Union of Operating Engineers General President Vincent J. Giblin. “History has proven time and time again that infrastructure projects, such as this, lead to the resurgence of our nation’s economy and the ripple effects are far-reaching. The IUOE is proud to be part of the Keystone XL pipeline and our operating engineers throughout the Midwest are ready to provide TransCanada with the skill, professionalism and pride this project requires.”


More than $20 billion in new spending for the U.S. economy
More than 118,000 person-years of employment
An increase of $6.5 billion in the personal income of Americans
Increased gross output (product) of $9.6 billion
More than $585 million in state and local taxes in the states along the pipeline route
 

ranch hand

Well-known member
You can't heat with coal, you can't find propane or if you do it is expensive and now this. What are we suppose to use? I guess green energy. :mad:

http://www.forbes.com/sites/larrybell/2014/01/29/epas-wood-burning-stove-ban-has-chilling-consequences-for-many-rural-people/
 

Steve

Well-known member
ranch hand said:
You can't heat with coal, you can't find propane or if you do it is expensive and now this. What are we suppose to use? I guess green energy. :mad:

http://www.forbes.com/sites/larrybell/2014/01/29/epas-wood-burning-stove-ban-has-chilling-consequences-for-many-rural-people/

better clean the snow off the solar panels... :shock: :? and plug in the electric blanket .. .
 

Traveler

Well-known member
Steve said:
ranch hand said:
You can't heat with coal, you can't find propane or if you do it is expensive and now this. What are we suppose to use? I guess green energy. :mad:

http://www.forbes.com/sites/larrybell/2014/01/29/epas-wood-burning-stove-ban-has-chilling-consequences-for-many-rural-people/

better clean the snow off the solar panels... :shock: :? and plug in the electric blanket .. .
Obama's EPA knows no limits. People may have to resort to burning food stamps.
 

Steve

Well-known member
Traveler said:
Steve said:
ranch hand said:
You can't heat with coal, you can't find propane or if you do it is expensive and now this. What are we suppose to use? I guess green energy. :mad:

http://www.forbes.com/sites/larrybell/2014/01/29/epas-wood-burning-stove-ban-has-chilling-consequences-for-many-rural-people/

better clean the snow off the solar panels... :shock: :? and plug in the electric blanket .. .
Obama's EPA knows no limits. People may have to resort to burning food stamps.

don't do that they are made of plastic like a credit card now.. if you have ever burned plastic you would know it puts out all kinds of pollution.

and that could get you thrown in jail.

and then you would have to clean up the ash residue and have it disposed of properly. which could cost more then an asbestos shingle.

nope. better to just apply for heating assistance..

here is the website.
http://www.benefits.gov/benefits/browse-by-category/category/ENA

check it out.. bound to be something in there for everyone.










Serious Note: for every scum sucking leach,.. there are others who work hard and just come up short from time to time and need a bit of help..

This time of year heating can eat up a working poor persons budget fast.

If you know someone who is in need in this cold weather it is your responsibility to get them some help.
 

ranch hand

Well-known member
http://www.foxnews.com/politics/2014/01/31/review-raises-no-major-environmental-objections-to-keystone-in-boost-for/

This paragraph is for OT :lol:

The latest environmental review, the fifth released on the project since 2010 -- acknowledges that development of tar sands in Alberta would create greenhouse gases, a State Department official said. But the report makes clear that other methods of transporting the oil -- including rail, trucks and barges -- would release more greenhouse gases that contribute to global warming than the pipeline.

U.S. and Canadian accident investigators warned last week about the dangers of oil trains that transport crude oil from North Dakota and other states to refineries in the U.S. and Canada. The officials urged new safety rules, cautioning that a "major loss of life" could result from an accident involving the increasing use of trains to transport large amounts of crude oil.
 
A

Anonymous

Guest
ranch hand said:
http://www.foxnews.com/politics/2014/01/31/review-raises-no-major-environmental-objections-to-keystone-in-boost-for/

This paragraph is for OT :lol:

The latest environmental review, the fifth released on the project since 2010 -- acknowledges that development of tar sands in Alberta would create greenhouse gases, a State Department official said. But the report makes clear that other methods of transporting the oil -- including rail, trucks and barges -- would release more greenhouse gases that contribute to global warming than the pipeline.

U.S. and Canadian accident investigators warned last week about the dangers of oil trains that transport crude oil from North Dakota and other states to refineries in the U.S. and Canada. The officials urged new safety rules, cautioning that a "major loss of life" could result from an accident involving the increasing use of trains to transport large amounts of crude oil.

Why for me :???: I've supported the XL Pipeline since day one...Don't you remember when I P*ssed off all the Nebraska folks for bringing up their NIMBY's objections which made them change the route and start the environmental study all over... I do...

As far as the trains- according to the railroad folks- they are already instituting new rules for movement - and requirements for building new oil transport cars...
 

loomixguy

Well-known member
The NIMBY's in my home state were just answering your and their Dear Leader's beckon call.

You say you are all for the pipeline, yet you brag how you or someone in your family owns shares in Berkshire Hathaway and how wonderful the stock is doing what with all the oil movement by rail.

For some reason, I question your "support" for the pipeline.....if it crossed your property and you were going to gain financially because of it, I'm sure you would support it. But the shoe is on the other foot, so forgive my doubts....
 
A

Anonymous

Guest
loomixguy said:
The NIMBY's in my home state were just answering your and their Dear Leader's beckon call.

You say you are all for the pipeline, yet you brag how you or someone in your family owns shares in Berkshire Hathaway and how wonderful the stock is doing what with all the oil movement by rail.

For some reason, I question your "support" for the pipeline.....if it crossed your property and you were going to gain financially because of it, I'm sure you would support it. But the shoe is on the other foot, so forgive my doubts....

Why are you against using all means of transportation- if it will help lower the costs of energy... :???: Just because I and the family members invest in a winning stock :???: Are you jealous because its a corporate entity that is doing so well... :???:

I support all transportation methods- the same as I support all sources of energy- carbon based (natural gas, oil, coal, etc), green (solar, hydro, wind ) whatever... Moderation beats extremism anytime...
 

loomixguy

Well-known member
Oldtimer said:
loomixguy said:
The NIMBY's in my home state were just answering your and their Dear Leader's beckon call.

You say you are all for the pipeline, yet you brag how you or someone in your family owns shares in Berkshire Hathaway and how wonderful the stock is doing what with all the oil movement by rail.

For some reason, I question your "support" for the pipeline.....if it crossed your property and you were going to gain financially because of it, I'm sure you would support it. But the shoe is on the other foot, so forgive my doubts....

Just because I and the family members invest in a winning stock :???: Are you jealous because its a corporate entity that is doing so well... :???:

.

LMFAO!

If only you knew......believe me...you don't have ONE THING that I would be jealous of!

Did you invest in Solyndra, too? How'd that turn out?
 

hypocritexposer

Well-known member
Oldtimer said:
Just because I and the family members invest in a winning stock :???: Are you jealous because its a corporate entity that is doing so well... :???:

I didn't think the middle was able to invest money in stocks? Is that one of those big corporations that you usually rail against?

How's your Koch brothers stock doing?
 

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