Shale Past - Shale Future
One of the biggest players in the whole shale gas play to date has been Chesapeake Energy. Everyone should read Chesapeake's October investor presentation. (update: darn it.. I didn't save it and they seem to have pulled their October presentation offline??) I spent just enough time on Wall Street to not really take investor presentations all that seriously, or at the very least discount the hyperbole, but lots of info in there and some pretty clear foreshadowing of their intentions.
Read page 23 and page 24 first. Then go back and read page 20 on where the oil play is. Once again: go west.
Also, it seems the big hope is all about future auto use of natural gas as what will support natural gas prices out into the future. On that the USAToday has a piece on one of the few commerical vehicles you can buy that run on Natural Gas. See: Honda prices new tragically ignored natural-gas Civic. It was for a long time the only natural gas vehicle for retail sale in the US. I don't know if that is still true at the moment. I was just curious and looked up the official Honda web site for the car. I plugged in some local zips to find a dealer who would either sell or even service a NG vehicle, and it wouldn't give me one in Pennsylvania at all. The USAToday article says Honda has just now increased its retail availability for these NG cars to 38 states. Is Pennsylvania one of them?