Øjvind Risberg fra NEC rendte allerede rundt i 90´erne rundt og leasede jordarealer, fordi han var overbevist om potentialet:
Sakset fra Hegnar:
Tilbake til: Olje og energi
Innlegg av: Gjest (09.04.09 09:25 ), lest 7 ganger
Ticker: NEC
NEC - litt Marcellus nyheter mens vi venter....
Apr. 9--The Marcellus Shale in the Appalachian area of the eastern United States is fast becoming one of the hottest natural gas drilling plays in the nation, the subject of speculation that its production could eventually outstrip the Barnett Shale of North Texas.
But John Pinkerton, chairman and CEO of Range Resources Corp. of Fort Worth, said the company felt quite lonely when it made a pioneering foray into the sprawling Marcellus field in Pennsylvania in 2004.
"We felt like the Marine running up the hill, coming out of the bunker, and nobody else is around him," Pinkerton told a rapt audience of several hundred people at the Omni Fort Worth Hotel on Wednesday at a Hart Energy Publishing conference on developing unconventional gas reserves.
Five years later, Pinkerton can reel off a litany of reasons why he's ecstatic about Range's prospects in the Marcellus, which he calls "a huge sandbox" of 65 million acres that dwarfs the Barnett Shale expanse of 3 million acres.
Walking the walk
Range is putting its money where its mouth is.
"We've invested almost a billion dollars in the Marcellus," Pinkerton said. "For a company our size, that's a heck of a lot of money."
Range, with 25-plus years of experience in older Appalachian fields, has about 1.4 million net acres under lease for Marcellus drilling, making it a premier player there. Range has acreage in southwest and northeast Pennsylvania, plus southern New York.
Pinkerton said Range, which has drilled successful vertical and horizontal wells in the Marcellus, hopes to roughly triple its production in the gas shale to 80 million to 100 million cubic feet a day by year's end. After making some initial mistakes, Range has "recorded terrific well results," with the last 10 horizontal wells brought online in 2008, making an average initial production of 7.3 million cubic feet per day, Pinkerton said.
Range is also making large investments in natural gas processing facilities and pipelines.
Marcellus pluses
A primary benefit of the Marcellus play is that "you're in the best spot on planet Earth to sell gas" in the heavily populated Northeast and can therefore draw premium prices, Pinkerton said. Marcellus leasing costs are low and Pennsylvania doesn't levy a severance tax on natural gas, he added.
Range's pioneering Marcellus effort drew plaudits from another conference speaker, Mike Walen, a senior vice president of Cabot Oil and Gas Corp., also a significant player in the Marcellus.
"I tip my hat to Range Resources," Walen said. "They did a heck of a job to discover the play in 2004. This is a world-class play."
Med venlig hilsen
:)Hegu
Sakset fra Hegnar:
Tilbake til: Olje og energi
Innlegg av: Gjest (09.04.09 09:25 ), lest 7 ganger
Ticker: NEC
NEC - litt Marcellus nyheter mens vi venter....
Apr. 9--The Marcellus Shale in the Appalachian area of the eastern United States is fast becoming one of the hottest natural gas drilling plays in the nation, the subject of speculation that its production could eventually outstrip the Barnett Shale of North Texas.
But John Pinkerton, chairman and CEO of Range Resources Corp. of Fort Worth, said the company felt quite lonely when it made a pioneering foray into the sprawling Marcellus field in Pennsylvania in 2004.
"We felt like the Marine running up the hill, coming out of the bunker, and nobody else is around him," Pinkerton told a rapt audience of several hundred people at the Omni Fort Worth Hotel on Wednesday at a Hart Energy Publishing conference on developing unconventional gas reserves.
Five years later, Pinkerton can reel off a litany of reasons why he's ecstatic about Range's prospects in the Marcellus, which he calls "a huge sandbox" of 65 million acres that dwarfs the Barnett Shale expanse of 3 million acres.
Walking the walk
Range is putting its money where its mouth is.
"We've invested almost a billion dollars in the Marcellus," Pinkerton said. "For a company our size, that's a heck of a lot of money."
Range, with 25-plus years of experience in older Appalachian fields, has about 1.4 million net acres under lease for Marcellus drilling, making it a premier player there. Range has acreage in southwest and northeast Pennsylvania, plus southern New York.
Pinkerton said Range, which has drilled successful vertical and horizontal wells in the Marcellus, hopes to roughly triple its production in the gas shale to 80 million to 100 million cubic feet a day by year's end. After making some initial mistakes, Range has "recorded terrific well results," with the last 10 horizontal wells brought online in 2008, making an average initial production of 7.3 million cubic feet per day, Pinkerton said.
Range is also making large investments in natural gas processing facilities and pipelines.
Marcellus pluses
A primary benefit of the Marcellus play is that "you're in the best spot on planet Earth to sell gas" in the heavily populated Northeast and can therefore draw premium prices, Pinkerton said. Marcellus leasing costs are low and Pennsylvania doesn't levy a severance tax on natural gas, he added.
Range's pioneering Marcellus effort drew plaudits from another conference speaker, Mike Walen, a senior vice president of Cabot Oil and Gas Corp., also a significant player in the Marcellus.
"I tip my hat to Range Resources," Walen said. "They did a heck of a job to discover the play in 2004. This is a world-class play."
Med venlig hilsen
:)Hegu
9/4 2009 11:54 Hegu 0
7453 Hvorfor importere, når man selv har gassen i jorden?
At købe naturgas fra russerne er nok kun et midlertidigt fænomen:
www.marketwatch.com/news/story/Gazprom-sell-LNG-US-under/story.aspx?guid=%7BB2F4E369-D621-40E7-8CFF-0A2DEB0A7B6A%7D
Med venlig hilsen
:)Hegu
At købe naturgas fra russerne er nok kun et midlertidigt fænomen:
www.marketwatch.com/news/story/Gazprom-sell-LNG-US-under/story.aspx?guid=%7BB2F4E369-D621-40E7-8CFF-0A2DEB0A7B6A%7D
Med venlig hilsen
:)Hegu
9/4 2009 19:50 Hegu 07501 Latest News
Subscribe to Philadelphia Business Journal Philadelphia > News > Industries > Energy & the Environment Wednesday, April 8, 2009, 10:29am EDT | Modified: Wednesday, April 8, 2009, 10:55am
Atlas Pipeline selling gas system to Spectra for $300MPhiladelphia Business Journal
Print Email Reprints RSS Feeds Add to Del.icio.us Digg This CommentsRelated News
Energy consortium in talks with Altra to use its trading platform
UniDial gets $27 million investment from Williams Cos.
FERC approves Spectra facility expansion
Spectra Energy Partners buys pipeline systems from Atlas Pipeline
Spectra Energy buys gas storage, pipeline
Atlas Pipeline Partners LP said Wednesday it will sell its NOARK natural gas gathering and interstate transmission system to Spectra Energy Partners for $300 million in cash.
The Philadelphia-based operator of natural gas pipelines and processing plants said it expects the deal to close this quarter, subject to antitrust approval, other customary closing conditions and traditional price purchase adjustments.
Spectra (NYSE:SEP) operates natural-gas pipelines and storage facilities. It’s based in Houston.
Atlas Pipeline (NYSE:APL) said the deal plus one it announced a week ago with the Tulsa, Okla.-based Williams Cos. Inc. (NYSE:WMB) will allow it to pay down $400 million of debt.
The deal announced a week ago was an agreement between Atlas Pipeline and Williams to form a $250 million joint venture called Laurel Mountain Midstream LLC that will gather natural gas in Pennsylvania, New York, West Virginia and Ohio.
That agreement calls for Atlas Pipeline to receive $90 million in cash, a preferred equity right to proceeds under a $25.5 million obligation from Williams, and 49 percent of Laurel Mountain Midstream, which will own and operate Atlas Pipeline’s northern Appalachian assets.
Atlas Pipeline and Williams didn’t say when they expected their deal to close.
Laurel Mountain’s main customer will be a Moon, Pa., affiliate of Atlas Pipeline, Atlas Energy Resources LLC, which has agreed to sell it two natural gas processing plants and associated pipelines in southwestern Pennsylvania for $12 million in cash.
Atlas Energy Resources (NYSE:ATN) plans to use the money from the sale of the plants and pipelines to accelerate development of the acres it owns in the Marcellus Shale, a geological formation containing natural gas that runs through the Appalachian Basin
Subscribe to Philadelphia Business Journal Philadelphia > News > Industries > Energy & the Environment Wednesday, April 8, 2009, 10:29am EDT | Modified: Wednesday, April 8, 2009, 10:55am
Atlas Pipeline selling gas system to Spectra for $300MPhiladelphia Business Journal
Print Email Reprints RSS Feeds Add to Del.icio.us Digg This CommentsRelated News
Energy consortium in talks with Altra to use its trading platform
UniDial gets $27 million investment from Williams Cos.
FERC approves Spectra facility expansion
Spectra Energy Partners buys pipeline systems from Atlas Pipeline
Spectra Energy buys gas storage, pipeline
Atlas Pipeline Partners LP said Wednesday it will sell its NOARK natural gas gathering and interstate transmission system to Spectra Energy Partners for $300 million in cash.
The Philadelphia-based operator of natural gas pipelines and processing plants said it expects the deal to close this quarter, subject to antitrust approval, other customary closing conditions and traditional price purchase adjustments.
Spectra (NYSE:SEP) operates natural-gas pipelines and storage facilities. It’s based in Houston.
Atlas Pipeline (NYSE:APL) said the deal plus one it announced a week ago with the Tulsa, Okla.-based Williams Cos. Inc. (NYSE:WMB) will allow it to pay down $400 million of debt.
The deal announced a week ago was an agreement between Atlas Pipeline and Williams to form a $250 million joint venture called Laurel Mountain Midstream LLC that will gather natural gas in Pennsylvania, New York, West Virginia and Ohio.
That agreement calls for Atlas Pipeline to receive $90 million in cash, a preferred equity right to proceeds under a $25.5 million obligation from Williams, and 49 percent of Laurel Mountain Midstream, which will own and operate Atlas Pipeline’s northern Appalachian assets.
Atlas Pipeline and Williams didn’t say when they expected their deal to close.
Laurel Mountain’s main customer will be a Moon, Pa., affiliate of Atlas Pipeline, Atlas Energy Resources LLC, which has agreed to sell it two natural gas processing plants and associated pipelines in southwestern Pennsylvania for $12 million in cash.
Atlas Energy Resources (NYSE:ATN) plans to use the money from the sale of the plants and pipelines to accelerate development of the acres it owns in the Marcellus Shale, a geological formation containing natural gas that runs through the Appalachian Basin
9/4 2009 12:28 stengård 07459 det er vel nærmest en tikkende bombe den NEC - men problemet er jo nok desværre for rigtigt mange af os at den har tikket temmelig længe...
Men - som jeg har min basis-beholdning af et par aktier - har du jo din.. Det er den slags der giver dybt kendskab til et selskabs muligheder (og faldgruber) - og det er jo der fora som PI vil vise sig at være mere end almindeligt værdifulde - fordi vi - uden det uvidenhedens slør som analytikerne indimellem lader falde ned over deres rudimentære bedømmelser af selskaberne - kender virksomhederne og det segment de arbejder i dybere end den almindelige investor.
Omvendt er det jo også det der gør at vi bliver let enøjede i vores tilgang til plus/minus.Så det er derfor essentielt at der også er deltagere der har en kritisk og mere distanceret tilgang til vore yndlingsselskaber. Vi skal kunne tåle modsatte argumenter og sætte pris på den interesse der jo vises ved at nogle gider at argumentere seriøst modsatrettet, det er jo lettere at se splinten i broderens øje - end bjælken i ens eget
Men det som adskiller nu - og som fortsat skal adskille PI fra andre fora fra investorer - er at vi skal respektere andres kompetente og tidskrævende indsats - for ellers holder bidragene op med at komme.
Med en ny debatstruktur i PI version 2.0 (håber jeg) bliver det endnu lettere at finde de gode bidrag indenfor de segmenter/aktier vi interesserer os for (og også for den "nye" områder vi endnu ikke har kastet vores investerings-kærlighed på)
Men - som jeg har min basis-beholdning af et par aktier - har du jo din.. Det er den slags der giver dybt kendskab til et selskabs muligheder (og faldgruber) - og det er jo der fora som PI vil vise sig at være mere end almindeligt værdifulde - fordi vi - uden det uvidenhedens slør som analytikerne indimellem lader falde ned over deres rudimentære bedømmelser af selskaberne - kender virksomhederne og det segment de arbejder i dybere end den almindelige investor.
Omvendt er det jo også det der gør at vi bliver let enøjede i vores tilgang til plus/minus.Så det er derfor essentielt at der også er deltagere der har en kritisk og mere distanceret tilgang til vore yndlingsselskaber. Vi skal kunne tåle modsatte argumenter og sætte pris på den interesse der jo vises ved at nogle gider at argumentere seriøst modsatrettet, det er jo lettere at se splinten i broderens øje - end bjælken i ens eget
Men det som adskiller nu - og som fortsat skal adskille PI fra andre fora fra investorer - er at vi skal respektere andres kompetente og tidskrævende indsats - for ellers holder bidragene op med at komme.
Med en ny debatstruktur i PI version 2.0 (håber jeg) bliver det endnu lettere at finde de gode bidrag indenfor de segmenter/aktier vi interesserer os for (og også for den "nye" områder vi endnu ikke har kastet vores investerings-kærlighed på)
9/4 2009 19:59 Hegu 07502 Ja........NEC har umiddelbart været længe undervejs, men udviklingen i ledeselskaber tager nu engang meget lang tid. 2-3 år er i denne sammenhæng ingenting.
Jeg er selvfølgelig skuffet over kursudviklingen, men set i lyset af finanskrisen og det store fald i energipriserne kunne det have set meget værre ud.
Dine synspunkter omkring PI og debatten her, er jeg fuldstændig enig i.
Med venlig hilsen
:)Hegu
Jeg er selvfølgelig skuffet over kursudviklingen, men set i lyset af finanskrisen og det store fald i energipriserne kunne det have set meget værre ud.
Dine synspunkter omkring PI og debatten her, er jeg fuldstændig enig i.
Med venlig hilsen
:)Hegu
