GLG News by Northern Appalachian Coal Experts

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Another Blackbeard/Davey Jones in the Making?

May 23, 2010

Analysis of:Unlocking Grand Bay's deep treasures: gulf shelf potential at 17,000-28,000 ft | www.ogj.com

A recent Oil and Gas Journal article (April 12, 2010) discusses Grand Bay field in the Mississippi Delta, as another example of a potential new discovery in deep shelf gulf. Ultra-deep shelf plays target reservoirs below the salt weld with sizes up to 1 Tcfe at over 20,000 ft. Interest in deep shelf plays in the Gulf of Mexico has been spurred by McMoRan's recent Davy Jones discovery. These deep prospects have shorter lead times to first production and lower development costs.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Finding New Oil in Old Fields

January 24, 2010

Analysis of:McMoRan Davy Jones Gas Discovery | www.theoildrum.com

On January 18, 2010, the Oil Drum reports McMoRan Exploration Company has made a significant discovery in the U.S. Gulf of Mexico that may contain 2-6 trillion cubic feet (TCF) of natural gas reserves. The well was drilled in 20 ft of water 10 miles south of the Louisiana coast discovery by McMoRan and partners.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Another Sub-Salt Discovery Offshore Brazil

December 3, 2009

Analysis of:Brazil's Wahoo North presalt find extended | www.ogj.com

Oil and Gas Journal Editors report a new sub-salt discovery offshore Brazil. A group led by Anadarko Petroleum Corp. found more than 90 ft of net oil pay at the Wahoo-2 (Wahoo North) appraisal-exploration well in the northern Campos basin in the same pre-salt interval as the Wahoo discovery.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Seismic While Drilling is Emerging as a Practical Tool to Reduce Drilling Cost

August 17, 2009

Analysis of:Seismic-while-drilling technology advance hailed | www.ogj.com

Nick Snow, Washington Editor of the Oil and Gas Journal reports of a breakthrough in practical implementation of the seismic while drilling technology. Technology International Inc. of Kingwood, Tex., has developed a breakthrough borehole imaging system that is nearly commercial, according to the DOE. SeismicPulser system provides more accurate geosteering for oil and gas discoveries, facilitating field development and improving well economics.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Seismic technology contributed to successful sub-salt drilling in the GOM

July 28, 2009

Analysis of:BP Heralds Gulf of Mexico Prospects | online.wsj.com

Oil and Gas Journal reported a successful appraisal well drilling by BP PLC. This well was drilled in a previously untested southern segment of Mad Dog field in the Gulf of Mexico. The 826-5 well was drilled on Green Canyon Block 826 about 100 miles south of Grand Isle, La. The well found 280 net ft of hydrocarbons in the objective Miocene hydrocarbon-bearing sands. In 2008, BP drilled the A-7 well in the western part of the field, with 275 ft of net pay.

Fred AminzadehPresident and Chief Executive OfficerFACT Inc

Largest discovery in California in 34 years

July 24, 2009

Analysis of:Oxy adds California gas-condensate giant | www.pennenergy.com

HOUSTON, July 23 -- Occidental Petroleum Corp. has drilled six wells in an apparent giant gas-condensate field in California’s San Joaquin basin that has an estimated 150-250 million boe recoverable. The discovery identified a new play concept that Oxy officials compared with an offshore deepwater structure. They said the concept is prospective underneath Oxy’s giant Elk Hills field southwest of Bakersfield and indicated it may be exploitable by other operators in the basin.

Thomas ShewskiOwnerHigh Energy Services

Key Points Contained in Climate and Energy Bill Passed by U.S. House of Representatives

June 29, 2009

Analysis of:House Narrowly OKs Sweeping Climate Change Bill | www.dallasnews.com

    The U.S. House of Representatives narrowly passed the American Clean Energy and Security Act of 2009 (“ACES”) on June 26, 2009.  The discussion below contains the key points in the Bill now headed to the Senate for debate and action.

Thomas ShewskiOwnerHigh Energy Services

Take-Or-Pay Coal Contracts

April 27, 2009

Analysis of:Coal Prices Crumble | www.forbes.com

    Both steam and metallurgical coal demand are down.  United States steam coal (for electricity generation) is down due to the economic slump affecting industrial demand and switching to cheaper natural gas-fired electricity generation in some areas of the nation.  Metallurgical coal demand is down due to the crushing drop in steel production domestically and globally.                    Although coal demand is down significantly, it does not necessarily allow coal under contract to be excused for purchase.

Thomas ShewskiOwnerHigh Energy Services

Draft Climate Bill

April 27, 2009

Analysis of:Administration Stops Short of Endorsing Climate Bill | www.nytimes.com

    House Democrats issued a draft climate bill titled “The American Clean Energy and Security Act of 2009” on March 31, 2009 which proposes to reduce CO2 emissions and require the development of renewable energy on a nationwide scale.  The section that follows highlights important provisions contained in this 648 page draft bill.

Thomas ShewskiOwnerHigh Energy Services

Potential New Emissions Rules: Effect on Electricity Generation

April 27, 2009

Analysis of:Central New York Rep. John McHugh Takes Aim at Acid Rain | www.syracuse.com

    Some in Congress are using the debate in Washington, DC on carbon tax to also include additional limits on mercury, nitrous oxide (NOx), and sulfur dioxide emissions (SO2) from coal plants.  Many proposals have been floated in Congress (one of which is linked here) to limit these emissions.  If any of these proposals were to pass and become law, it will have significant impact on electricity generation.

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