Friday, November 20, 2009

Report From The Barnett Shale Emissions Meeting In Fort Worth

Sharon Wilson from TXSharon wrote a great summary of the Fort Worth League Of Neighborhoods Barnett Shale Emissions Meeting.

Deborah Rogers, owner of Deborah's Farmstead, was one of the main speakers. She gave a great presentation that included the following information.

The drillers over estimate production by 3 times what can be extracted because the reserve price drives stock prices.

Historical production data - financial data is based on production that is not there or not recoverable.

Recently, Aubrey McClendon said Chesapeake has only drilled 15% of the wells they plan to drill. That means another 60,000 to 70,000 wells will be drilled.

The drilling treadmill - The drillers have to drill more wells to maintain the production levels and they have to drill more to support their debt.

The technology exists to reduce air emissions by 99%

Every $1.00 spent on reducing air emissions gains $9.00 in recovered product.

Dr. Honeycutt from the TCEQ and Dr. David Sterling, Professor and Chair, Department of Environmental and Occupational Health, School of Public Health at the University of North Texas Health Science Center in Fort Worth were on hand to speak as well.

Read the whole story at txsharon. The link is below

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