Posted on 04/11/2014 8:34:41 AM PDT by Kackikat
"The Bureau of Land Management has just cashed in with $1.27 million in oil and gas leases in Nevada. This was just reported two weeks ago in ShaleReporter.com, which states:
U.S. Bureau of Land Management geologist Lorenzo Trimble tells the Las Vegas Review-Journal the Elko County oil and gas leases sold
Tuesday for $1.27 million to six different companies. The auction took place in Reno. The leases are near where Houston-based Noble Energy Inc. wants to drill for oil and natural gas on 40,000 acres of public and private land near the town of Wells. The Review-Journal reports the project would be the first in Nevada to use hydraulic fracturing, or fracking, to extract oil and gas from shale deposits.
The way this works, of course, is that BLM runs land theft operations by claiming they are “managing” the land and thereby kicking everyone else off it. "
(Excerpt) Read more at thesurvivalplaceblog.com ...
In view of the many comments, it seems the Bundy Ranch and the public land Bundy uses for grazing cattle has severe legal issues and profits not limited to the oil leases sold at auction.
There is the Harry Reid/China Solar Company that wants to create another solar hot spot in Clark County, NV. This was news in 2012. There is already one that gets to 1000 degrees and burns birds, who fly over, and damages the very tortoise the BLM claims they are protecting and were already destroying.
Nevada Law says that Bundy would lose his water rights within six years if he is no longer using them, and that’s tied to the property and land use of his ranch and public land.
When it’s all said and done it looks like BLM will make lots of money from these options, and including Senator Harry Reid and family.
This is the beginning of ranch takeovers in the west for federal financial gain, and not as much about unpaid grazing rights as people think. Bundy maintained the public lands when BLM quit 20 yrs ago, evidently he could not get the county to take payment from him and BLM wanted to buy his ranch....that should count for something, but I guess not when billions of donations for democrats is at stake.
Solendra and other companies borrowed billions, donated billions politically, then closed their doors in Bankruptcy. Is this going to be the pattern now with taxpayer dollars? I would just as soon pay Bundy’s grazing rights so beef can be produced, since the drought is supposed to make beef and other meat go up 30%.
Dont’ forget in CA the farmers cannot grow food for the USA due to water irrigation being stopped due to FEdS protecting some minnow, and that is going to create vegetable/fruit shortages soon. Higher prices.
The Feds are only supposed to be managers of our land paid for by taxpayer dollars, the FEDS don’t have any money of their own, it’s ours, so how can they own the land in question? So if the ranchers can not graze the cattle, then we, the owners lose due to higher prices.
Greed, didn’t Obama recently meet with King Abdulla?
In Washington State? Give me a break.
Your misuse of industry terminology indicates to me you are a fraud. A wellhead is a piece of hardware, no matter where it sits, and explosives are not used in fracking, at least not in these parts.
While I haven't worked in Nevada in 20 years, I have worked in the oil industry for 35 years and I have never heard a DRILLING LEASE called a "fracking lease".
When I leased out my own minerals, the word "fracking" wasn't on the paperwork anywhere. So excuse me if I think you are full of it.
prior lease sales and upcoming BLM lease sales in Nevada
While it has been a while since I worked wells in Nevada, the major production was in Eureka County (Blackburn Field) and over by Ely, Grant Canyon, and Railroad Valley. The source rock is the Chainman Shale, and I would think that might be the primary target of interest. More information on that here
Note that the areas of greatest interest are in Eastern Nevada.
I am a geologist who has experience in states from Nevada to North Dakota, and have been working the Bakken play from pretty much day one. The only well I worked in Southern Nevada (about 20 miles south and east of Groom, Nevada) was a dry hole, devoid of the organic rich shale and devoid of any oil or gas shows.
Here is a list complete to 2008 of wells in Nevada, and just scanning down the Clark County list of Abandoned and Plugged and Abandoned wells, the last was done in 1989.
So don't try to shout me down with Natural News links (one of which did not work), if you have some real data, post a link. Lease Sales are a matter of public record.
It is apparent to me that there are people who are trying to pin the Bundy Ranch situation on oil companies, and they have yet to produce any evidence that is the case.
Nor have they produced any evidence that there is anything in the area the oil companies would be interested in, considering the wells drilled in Clark County were not exactly barnburners. There are better prospects out there. Not necessarily so with the Solar industry, though, who have relocated tortise already to build one facility. Funny how this crap about fracking steers attention from Harry Reid & son's landholdings and Chinese Solar deals, too.
ping
The BLM got the money for leases near Wells, NV, many, many miles from the Bundy Ranch. Really, why are you trying to implicate oil companies in this?
They don’t own the land, just the right to drill on it provided they jump through the rest of the BLM’s hoops. If they find anything, depending on the lease deal, the US gets the royalty interest of between 1/8 and 1/5 of the production, and then gets to tax the income the oil company makes off the rest. Leases are perishable, so the clock is ticking on that.
Harry Reid is front and center in his play with BLM to get the public land grazing rights over and done with, so his son and the China Solar Company can use that land.
The oil leases show the greed of BLM and the Gold Butte area used by Bundy’s cattle on public land is part of those leases, even if the ranch isn’t.
All being Clark County, NV issues.
However, the bigger issue is the water rights that will be lost with the grazing rights, as Nevada Law says if you do not use the water for six years, the ranch loses them....however that same law affects many others for water rights....so BLM stops Bundy, then stopping others from getting access to water rights they have had will be easy in other areas and states....precedents set by leftist Judges in this case.
Don’t think that the headlines on this one thread is the whole story, so quite barking, and realize there is more than oil leases here to worry about. That’s just the attention getter that shows that area is under siege!
Broaden your horizon when it comes to the reality of these situations and what the FEDS are really up to. Enough said.
You are too quick to make judgements. Of course I am not fracking in Washington State. I am an allocation holder in Stanley, Berthold, Dickinson and Trenton ND. My involvement in fracking spans from Bakken wellhead to terminal and terminal transport to Washington state by rail or by pipe to the East Coast. I am working on getting Bakken crude to Cushing and my sales are throughout the USA where transport is economical.
At this very minute I have an employee in Montana and North Dakota who is checking out a new pipe that just came online this past Wednesday. No I am not a pipeline operator or anything like that as I expect you to draw a conclusion based on incomplete considerations. I am merely a new shipper who has passed financial review for the new pipeline.
My non-fracking business spans the globe. But fracking is starting seemingly everywhere.
I didn't read the rest of your post because you are trigger happy. If you think I should read it, if there is anything you think worthwhile in it, let me know but start your reply off with an apology because I did not deserve what was dished out above.
Thanks. There was a big push to raise BLM and NPS grazing fees in 2011, which had the support of several Dem senators. Surprisingly, it was one of the rare federal fees/taxes the Obama administration declined to pursue, despite petitions from several conservation groups.
Didn’t say they owned it.
I was in the oil business and I have my own land leased so I know what a lease is.
The area is 40,000 acres total. Some is govt land some is private.
Depending on how much of the 40,000 is govt land and how much is private, the $1.27 million for the govt land could be a really good deal.
Depending on what is in the lease, a lease is held by production and or activity and the production or activity can be started on the last day of the lease.
Carbon dioxide will not combust. It is carbon that has already been fully oxidized (burnt). It is not a fuel, it is an “exhaust” product.
I should have used the word, “expands” rather than explodes. I’ve already said that.
Carbon dioxide is injected into oil fields as a enhanced oil recovery method. It is rarely used to fracture. It is easier to think of it as used to sweep through the reservoir to help lift out hydrocarbons sticking to the rock.
Read more about the process here:
http://neori.org/resources-on-co2-eor/how-co2-eor-works/
Speaking as someone who has worked in the oil/gas industry for decades, as well as owning a few different mineral leases, you use some very strange terms.
My involvement in fracking spans from Bakken wellhead to terminal and terminal transport to Washington state by rail or by pipe to the East Coast.
- - - -
There is no involvement of fracturing downstream of a wellhead. Your description is nonsense.
Unless the State is complicit.
Water under high pressure is involved in fracturing the rock. I know the process for water, carbon dioxide, sand, pebbles, etc.. This started due to the author of this article saying toxic chemicals were used in fracturing.
If you won't read what I know, continue in your ignorance. You'll still make money, and it is amazing how many people do without having a clue.
BTW, fracking happens downhole. It has been going on for 80 years, but has really come into its heyday with horizontal drilling.
"From wellhead to terminal" is either pipeline or truck transport around here. From there, it's pipeline or rail for the most part. That's transportation and doesn't have squat to do with fracking--it is moving produced oil. I'm not saying that isn't important, but it isn't fracking.
It still doesn't sound like you know what you are talking about.
You might be an investor, but you haven't spent any time doing it from the sound of you.
If there is so much oil in the region, then perhaps you'd care to list just a few of the currently producing oil wells there in Clark County. API numbers will do, but I'd settle for legal descriptions too.
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