Russell: Obama’s Energy Strategy of Contradiction

Mb50's "Liquid Mud" Rant

By Barry Russell

Special to Roll Call

April 23, 2012, Midnight

Right now, voters across the country are mobilizing around an issue that could determine who wins the 2012 presidential election: energy.

The rising cost of gasoline has influenced the American people to do a double-take on President Barack Obama’s overall energy policy. In light of this election-year scrutiny, it’s no surprise that Obama has tried to defend and define his administration’s energy policy.

But under the public’s watchful eye, the president is continually contradicting himself inside the Beltway and on the campaign trail. Obama calls to expedite infrastructure projects, but in the wake of rejecting the Keystone XL pipeline. Obama claims increased oil and natural gas production on his watch, but then follows up with accusations that oil companies are profiting at the expense of the American people. Obama repeatedly calls for an “all of the above” energy…

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China top military paper warns of armed confrontation over seas

Mb50's "Liquid Mud" Rant

By Chris Buckley

BEIJING | Sat Apr 21, 2012 2:21am EDT

(Reuters) – China‘s top military newspaper warned the United States on Saturday that U.S.-Philippine military exercises have fanned risks of armed confrontation over the disputed South China Sea.

The commentary in China’s Liberation Army Daily falls short of a formal government statement, but marks the harshest high-level warning yet from Beijing about tensions with the Philippines over disputed seas where both countries have recently sent ships to assert their claims.

This week American and Filipino troops launched a fortnight of annual naval drills amid the stand-off between Beijing and Manila, who have accused each other of encroaching on sovereign seas near the Scarborough Shoal, west of a former U.S. navy base at Subic Bay.

The joint exercises are held in different seas around the Philippines; the leg that takes place in the South China…

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Bayside Corp. Adds Texas Acreage

Mb50's "Liquid Mud" Rant

by  Bayside Corp.

Press Release

Wednesday, April 18, 2012

Bayside Corporation announced the acquisition of an oil and gas lease covering the Moody and West wells in Duval County, Texas.

Bayside, acting through its wholly owned subsidiary, has acquired 100 percent of oil and gas leases covering 181 acres and the existing 7 wells situated on the property. The wells have previously produced oil from Jackson Series sands (Government Wells and Loma Novia zones) between depths of 2,200 and 2,400 feet. The wells were shut-in when the previous operator passed away and have been sitting dormant since. The Company plans to rework and/or re-complete each well and return them to commercial production of oil. The lease may also afford the opportunity to drill additional development wells in the future on the property.

Gordon Johnson, the CEO of Bayside Corporation, stated, “This lease is adjacent to existing oil leases owned…

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USA: Anadarko Completes Heidelberg Sidetrack Appraisal Well

Mb50's "Liquid Mud" Rant

Anadarko Petroleum Corporation today announced the Heidelberg sidetrack appraisal well in the deepwater Gulf of Mexico successfully confirmed an extension of up to 1,500 acres.

“The Heidelberg sidetrack appraisal well was successfully drilled and defined the down-dip limits of the Heidelberg field,” said Chuck Meloy, Anadarko Sr. Vice President, Worldwide Operations. “This well extends the oil/water contact down structure by approximately 700 feet, and continues to validate the field’s estimated resource range, while providing support for the option of a stand-alone development. Anadarko and Heidelberg’s co-owners have initiated pre-FEED (front-end engineering and design) work to evaluate development solutions with the objective of advancing commercialization of this emerging mega project.”

The Heidelberg sidetrack appraisal well in Green Canyon block 903 is located approximately 1.3 miles from the Heidelberg discovery well. The well was drilled to a total depth of approximately 30,440 feet in water depths of approximately 5,260 feet.

Anadarko…

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