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Chesapeake Energy executive tells conflicting stories about Oklahoma gas well blowout

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By Sharon Wilson

January 8, 2012

A Chesapeake Energy drilling rig working in Oklahoma hit a shallow pocket of gas on Thursday causing a blowout which burned the rig to the ground. Jim Gipson, Director - Media Relations for Chesapeake, told the media one story but told a concerned Denton citizen a completely different story. Both stories can't be true.

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Eagle Ford Shale gas singled out to be liquified and exported

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By Sharon Wilson

December 21, 2011

Surprise, surprise! You've been hoodwinked.

The gas produced in the Eagle Ford Shale has been singled out to be converted to LNG and exported, according to NGI's Shale Daily which is available only to subscribers (trial subscriptions are available).

Eagle Ford Production Targeted for LNG Export published by NGI's Shale Daily: December 19, 2011 The latest proposal by Cheniere Energy Inc. singles out the Eagle Ford Shale as a source of gas to be liquefied.
[...]
Cheniere's Corpus Christi Liquefaction LLC is developing a liquefied natural gas (LNG) export terminal at one of Cheniere's existing sites that was previously permitted for a regasification terminal. The site is in San Patricio County, TX. The Eagle Ford is about 60 miles northwest of Corpus Christi, Cheniere noted.

Last week I posted an analysis on Bluedaze of the recently released Global Insight report from IHS. The report paints a picture of “inflationary pressures which will rocket through the U.S. economy as a consequence of higher natural gas prices.” Exporting domestic natural gas will create more demand which will cause higher natural gas prices.

 

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