Oil and Gas Exploration - Articles - Zimbio

Barnett Shale T.V.Documentary

Fri, 10 May 2008 17:55:00 GMT

posted by LydiaPlayer
Tune in at 5:00 today to Channel 8 (WFAA) to find out more about the huge impact the Barnett Shale is having on north Texas. 83,000 jobs were created last year in N. Texas due to the discovery of this emormous natural gas find in our region; the largest in the U.S.A. One of my favorite attorneys, David Fair of Hexter-Fair Title will be featured and advises on how to protect your mineral rights. [where: 75230][where: 75230] [what: Dallas, Texas, Real Estate]

Pelosi Fighting Against Offshore Drilling

Tue, 23 Jul 2008 03:14:00 GMT

posted by ojtnews
Take Action!
Email your two U.S. senators and representative. (<--Click to easily send form letter) Tell them to lift the ban on off-shore drilling.
Please help us get this information into the hands of as many people as possible by forwarding it to your entire e-mail list of family and friends.voice heard!

Capital City Energy Group Continues Successful Participation in the Barnett Shale

Thu, 18 Apr 2008 03:42:00 GMT

posted by kapan91

COLUMBUS, Ohio--(BUSINESS WIRE)--Capital City Energy Group, Inc. (OTCBB: CETG - News) announced today that it has successfully participated in its fourth producing natural gas well drilled in the prolific Barnett Shale formation in central Texas. The horizontally drilled well located in Tarrant County was recently fracture stimulated and placed into production at an initial rate of 3.2 million cubic feet of natural gas per day. Capital City Energy Group has also participated in three additional horizontal wells located in Parker and Tarrant Counties, which have been successfully drilled and are awaiting fracture stimulation, after which they will be placed into production by the operator.

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“We are very pleased with the results of our latest drilling participation venture in the Barnett Shale, and we’re excited to have a foothold with a successful operator in the area,” said Capital City Energy Group CEO Timothy Crawford. “The success we have had in this area is consistent with the Company’s approach to participate in drilling ventures in areas with proven production that can generate significant cash flow for the Company. Given the robust environment for natural gas prices, our Company and its energy funds should benefit from production in this region for years to come.”

Located near Fort Worth, Texas, the Barnett Shale has become one of the premier natural gas producing formations in the United States, estimated to hold some 39 trillion cubic feet of natural gas reserves. Total daily production from the Barnett Shale formation is estimated to exceed 3.5 billion cubic feet.

About Capital City Energy Group, Inc.

Based in Columbus, Ohio, Capital City is a diversified oil and natural gas company with three separate divisions. Capital City is evolving from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil & natural gas companies. Their strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management.

"Investing in America's Energy Future"

Visit Capital City Energy Group at www.capcityenergy.com

Safe Harbor Statement

Investors and readers are cautioned that certain statements contained in this document, as well as some statements in periodic press releases and some oral statements of our officers and directors during presentations about our energy funds, along with Capital City Energy Group's filings with the Securities and Exchange Commission, including the Company's registration statements, quarterly reports on Form 10-Q and annual report on Form 10-KSB, are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements that are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "expects", "anticipates", "intends", "plans", "could", "might", "believes", "seeks", "estimates" or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by the Company's management, are also forward-looking statements as defined by the Act. Forward-looking statements are based on current expectations and projections about future events and are subject to various risks, uncertainties and assumptions about Capital City Energy Group, its technology, economic and market factors and the industries in which the Company does business, among other things. These statements are not guarantees of future performance and Capital City Energy Group, Inc. undertakes no specific obligation or intention to update these statements after the date of this release

Contact:

CEOcast, Inc. for Capital City Energy Group, Inc.
Daniel Schustack, 212-732-4300

Drilling The Barnett Shale, Fort Worth, Texas

Sat, 23 Mar 2008 22:56:00 GMT

posted by liztms
Drilling for Natural Gas Reserves in the Barnett Shale

Unlike most natural gas formations which are found in sandstone or limestone, the Barnett holds its gas in shale. Finding a way to get the gas out of the shale has puzzled scientists for decades as traditional drilling methods fell short. Today that's all changed. Thanks to the recent advances in drilling technology described below, the Barnett Shale is now one of the largest producing natural gas fields in the United States.

Fracturing

Gas hides within microscopic pores of the Barnett Shale. The fracturing process helps get the gas out of the rock and lessens the chance of a "near miss".

Fracturing is a drilling innovation that allows for the expulsion of gas through the wellbore. During the process, water is pumped forcefully down the wellbore, and fractures, (or breaks-up) the rock. The more the rock is crunched, the more gas is liberated. Once the gas is released, it comes back up through the wellbore. The gas is then separated from the water, the water is hauled away, and the gas is sold.

Horizontal Drilling

Horizontal Drilling is ideal for exploring under a city. Since the gas reserves of the Barnett Shale are positioned beneath densely populated areas, the horizontal drilling method allows operators to drill under parks, schools or housing.

In Horizontal Drilling, the drilling rig can be erected in a vacant field, while the bit probes more than a mile beneath the surface. The operators drill down vertically, then the flexible drill pipe makes a 90 degree turn and continues horizontally for thousands of feet.

Why Oil is Not $70 per Barrel

Sat, 13 Jul 2008 23:48:10 GMT

posted by jimbyrd

What is the inveterate problem as to why oil is pushing $150 per barrel and a gallon of gasoline costs four dollars per gallon? Our government is the problem. Not the Democrats nor the Republicans, but the collective net assembly of congressional and executive leaders since the 1974 oil embargo, and the negative effect it had on our economy is on their hands. There have been 17 Congressional elections and 9 presidential elections since the oil embargo of 1974. There has been energy act after energy act passed with a zero effect on not only oil consumption, but oil prices, and our ability, as a nation, to wean ourselves off fossil fuels. The 1974 oil embargo was a wakeup call to move in a different direction for fuel, but as usual, as the American populace’s outrage went dormant, so did the demand for change.

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