Comments on: Monetizing Haynesville: Chesapeake Cashes In Early, Sells Piece Of The Downhole Action To Plains http://blogs.oilandgasinvestor.com/steve/2008/07/02/monetizing-haynesville-chesapeake-cashes-in-early-sells-piece-of-the-downhole-action-to-plains/ Steve Toon shares his view of news and trends affecting energy M&A deal-making. Thu, 08 Jan 2009 22:43:13 +0000 http://wordpress.org/?v=2.6.2 By: David J Phillips http://blogs.oilandgasinvestor.com/steve/2008/07/02/monetizing-haynesville-chesapeake-cashes-in-early-sells-piece-of-the-downhole-action-to-plains/#comment-77 David J Phillips Mon, 07 Jul 2008 20:50:43 +0000 http://blogs.oilandgasinvestor.com/steve/2008/07/02/monetizing-haynesville-chesapeake-cashes-in-early-sells-piece-of-the-downhole-action-to-plains/#comment-77 Lost in all the excitement is that drilling in hard-rock is not as easy as drilling in the porous sands found in the Middle East. Horizontal drilling down more than 10,000-feet, then slanting an additional 3,000 feet. Yikes! North Dakota’s Bakken Shale, Texas’ Barnett Shale, Louisiana’s Haynesville, and the Marcellus gas formation in the Appalachian Basin –six-months from now, where will the next land-grab frenzy take place? http://industry.bnet.com/energy/2008/07/07/chesapeake-energy-finds-deep-pockets-for-shale-finds/ Lost in all the excitement is that drilling in hard-rock is not as easy as drilling in the porous sands found in the Middle East. Horizontal drilling down more than 10,000-feet, then slanting an additional 3,000 feet. Yikes!

North Dakota’s Bakken Shale, Texas’ Barnett Shale, Louisiana’s Haynesville, and the Marcellus gas formation in the Appalachian Basin –six-months from now, where will the next land-grab frenzy take place?

http://industry.bnet.com/energy/2008/07/07/chesapeake-energy-finds-deep-pockets-for-shale-finds/

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