Reader picks: Most popular September OGFJ articles

Below is a list of the most viewed articles on OGFJ.com for the month of September.

As determined by you, our readers, the content below is the most engaging and interesting for the month of September 2012. Each selection features a short summary and a link to the original article.

   1. Why will Bakken flaring not fade away?
In June 2012 Bakken oil production reached 660 Mb/d with 0.7 Bcf/d of associated natural gas. A third of that associated gas (32% or 0.22 Bcf/d) was flared at the wellhead. There are sound environmental and economic reasons why flaring occurs. In other States like Texas the percentage of flaring is tiny (0.5%). The answer to flaring is better infrastructure but huge investments in North Dakota could still not be enough to eliminate flaring.

   2. Texas court orders Eagle Ford rights, proceeds returned to Longview Energy 
In a court judgment believed to be the largest ever involving the Eagle Ford Shale, Judge Amado Abascal of the 365th Judicial District Court in Zavala County has assigned all rights to approximately 46,000 leasehold acres, valued at more than $500 million, to Dallas-based Longview Energy Company.

   3. Race to monetize shale gas assets
With several major shale gas players either signing or negotiating long-term gas contracts with electric energy producers, the race to monetize shale gas assets that promise to transform the US energy sector has begun.

   4. Possible shift in offshore drilling royalties as Senate Committee seat comes open
The decades-long fight to increase revenue sharing for coastal states may shift in favor of those communities after Jeff Bingaman (D-NM) ends his 30-year career in the Senate in January.

   5. Horizontal drilling to increase in Permian Basin 
So far this year there has been a 50% increase in rigs drilling horizontally in the Permian Basin, and the shift is likely to continue.

 

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