From the Barnett Shale Expo 2009: During 2008, the Barnett Shale’s overall benefits to the area economy expanded over 2007 levels, even though the pace of activity slowed significantly during the last half of the year. The first half of the year saw … [Read more...]
Oil and gas fraud cases on the rise
The Ft. Worth Securities Exchange Commission is "Inundated" with oil and gas fraud cases targeting pre-retirees and retirees with large retirement accounts. SEC task force dealing with increase in oil and gas fraud BY LESLIE WIMMER June 28, … [Read more...]
Shareholders AND poor African Americans get drilled by CHK
From the comments it seems that poor African American communities in the Barnett Shale aren't the only ones getting drilled by Chesapeake Energy.There was a recent article in Forbes titled "Shareholders get Drilled in Chesapeake Recap". Check it out. … [Read more...]
The Shale gas economic shell game
If the future of the industry is that good, why are the principals selling out? Can’t they finance themselves from operating cash flow? Answer: no. A quote from an analysis of the shale gas economic shell game in which we are seduced into … [Read more...]