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Recent Comments

Re: “Report outlines drilling risks

Reality shows that none of these comments could be typed, shown or read without oil and natural gas. If you look at all the things that surround you and believe that you can go without oil or natural gas, you have a lot to learn. I do wish that when publications show pictures such as the red sludge picture associated with this article, they would also give the location - an exact location.
Fracturing has been doen for MANY years. The difference being that the Fayetteville Shale wells are short verticle holes with stretches of horzontal hole. A different approach to drilling. Traditional wells are verticle only.
Severance taxes were raised recently - when natural gas prices were at their highest. Since, the gas prices have fallen and remained flat at around $4.00 per mcf. Therefore, the tax has not produced the income initially hoped for. Natural Gas companies pay the severance tax. Only a small portion of that tax is passed on to the royalty interest owner. Do not fool yourself though, as with ALL taxes, they are passed on to the consumer in the end. All taxes on oil companies are paid by the consumer at the pump.....
As is with all industries, there are good companies and bad companies. Good companies are as proactive about their regulations as possible. Bad companies aren't and don't usually hang around long. All of the companies cited in these comments have been around for a long time through all their name changes, etc.

Posted by OneComment on 04/18/2011 at 3:22 PM


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