Author Archives: tshields
This is what Kamala wants to do…God help us all. •Higher taxes to make “corporations and the wealthiest Americans pay their fair share.” Without defining “fair,” she endorses the $5 trillion in tax hikes in Mr. Biden’s budget, including a 25% tax on the unrealized capital gains on top earners. As far as we can tell, she differs… Read More »
Lithium producers are arguing that they cannot afford high royalties (like the normal 12.5% paid oil and gas) and want lithium royalties to be limited to 2% or less. Or, use the lease system to pay royalty like the bromine producers do. They pay a flat per acre charge of around $60/acre per year. That metric was set… Read More »
Called one of my old oil field buddies, who like me, is 74 and still working alongside another of my buds (the 3 of us went to grad school together), and we were talking about the future of oil and gas. Gas is hopeless. The nation has a huge glut of it and it was actually below $2… Read More »
The hot play of 2023 was the Lithium leasing play in South Arkansas. That play focuses upon Exxon’s involvement as well as the high, but since fallen, price of lithium. The Lanxess project indicates that it is economy to extract lithium from the tail waters of the nearby Great Lakes bromine facility. The bromine is extracted from produced… Read More »
The myth of the “One Hundred Year Flood” continues as FEMA maps both the 100 and the 500 year flood without any reference whatsoever to actual flood records. Today people are building houses in areas that are outside the “100-year flood zone” only to get inundated with water in their houses a few years later. Below is the… Read More »
Record low prices for natural gas means basins like the Barnett and Fayetteville are dead. Currently the rig count is down about 100 rigs. And gas prices are bottoming out at $1.80, prices similar to that of 40-50 years ago. Insanely low but all due to one reason. Associated gas. Associated gas is produced as a byproduct of… Read More »
The lithium boom of S Arkansas begs the question of how to pay the royalty owners. This is a problem as it is not like normal oil and gas production. The lithium carbonate is gleaned from the tailwaters of the bromine plants and so the owners are paid a per acre royalty there that is annually adjusted to… Read More »
Several years ago Standard Lithium, a Canadian and German specialty minerals company, under the flag name of the Lanxess lithium project, began testing the idea of extracting Lithium from the tail waters of a bromine extraction plant in El Dorado, Arkansas. The original wells were from the Smackover formation, an early producing oil field which basically had played… Read More »
From Oilprice.com “Block All New (BAN) Fossil Fuel Exports Act, legislation that would amend the Energy Policy and Conservation Act and ban the export of American crude oil and natural gas abroad to protect frontline communities from dangerous export infrastructure, prioritize U.S. consumers against fossil fuel profiteering, and help ensure the United States meets its climate and clean… Read More »
The experts in the Government when queried by a legislator about how much carbon dioxide was in the atmosphere, guessed from 5% to 8%. But in reality it is about 400 PPM – 0.04 of 1%… This is the caliber of morons who are running the EPA and other agencies making critical decisions about the future of this… Read More »