The Shaw Group has completed the pad site on the North side of Highway 70 near the tower. The equipment is being moved to the Triche property today to begin on the pad site there. Shaw is hoping to start driving the casing on Tuesday. They are currently working on contractual issues with individual companies.
The geo-probe process is also expected to begin on Tuesday. According to the plan, there will be 4 geo-probe locations on the outer perimeter of the North side property, 6 locations on the Triche property, and they are still working with the residents on additional locations within the community.
Texas Brine has completed installing the 4″ casing. They are now in the process of dismantling the snubbing unit and are expected to complete that process today.
The dynamics of the sinkhole have not changed as of yesterday afternoon. Texas Brine is expected to resume with…
BATON ROUGE, La.–(BUSINESS WIRE)–Jul. 30, 2012–The Shaw Group Inc. (NYSE: SHAW) today announced it has signed a definitive merger agreement with CB&I (NYSE: CBI) under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion.
Under the terms of the agreement, CB&I will acquire Shaw for $46.00 per share in cash and stock. Shaw’s shareholders will receive $41.00 in cash and $5.00 in CB&I equity (0.12883 shares based on an agreed upon recent average stock price of $38.81 per share) for each share of Shaw stock at closing.
The combination of CB&I and Shaw will create one of the world’s largest engineering and construction companies focused on the global energy industry. Both companies believe this agreement will create value through a combined company with broader participation in a robust energy market. . . .
What is the progress of the venting as well as the rate of increase or decrease of pressure in the aquifer? What is being done to determine the extents of the gas bubble from the center… and what is the level of pressure reduction of gas in the aquifer that needs to be reached in order for it to be considered safe enough for the mandatory evacuation order be lifted? …
Since vent wells drilled close to the site were pressurized enough to blow out through the casing, is the DNR proceeding with drilling vent wells further away, i.e. under Pierre Part and Paincourtville area to determine the pressures there. If no pressure is found there, will they move closer and closer to the dome to determine where the level of concern should be and make contingency plans to evacuate the affected areas or will the communities have to wait…
“John noted that bubble sites were first reported on May 30th, and that the earliest report of seismic activity was on June 8. He notes that the reports of seismic activity subsided for a while after the sinkhole caved in on Aug. 3, but has increased over the last couple of weeks. Additional bubble sites have also been reported recently according to the assumption parish blog.
Chillingly, John referenced a newspaper article in which a Dr. Horton suspected that this could possibly be a cycle repeating itself: that more bubbles, and more tremors, could be heralding another sinkhole incident.”
Louisiana Commissioner of Conservation James Welsh placed new requirements on Texas Brine LLC for providing data and analysis promptly to the Office of Conservation, in addition to the existing orders issued to the company in response to the formation of the sinkhole/slurry area next to the company’s abandoned brine cavern in the Napoleonville Salt Dome.
Welsh said the amendment to the existing Declaration of Emergency and Directive came following Texas Brine’s unilateral declaration that its cavern had been breached due to regional seismic activity.
Texas Brine issued a statement late Monday night making the claim of a regional seismic cause for the cavern failure and citing U.S. Geological Survey (USGS) seismic analysis, without prior notice or consultation with state agencies . . . .
. . . . On Tuesday, USGS Senior Adviser for Earthquake and Geologic Hazards William Leith stated that USGS consensus is that the seismic activity detected in the area is a consequence of the cavern collapse, not the cause of the collapse and sinkhole/slurry area.
“Texas Brine has elected to let its own interests guide a premature conclusion lacking sufficient supporting analysis – breaking away from the ongoing cooperative effort to apply scientific principles to determine causes and impacts, guided by the need for accurate data and analysis to best protect public safety,” Welsh said. . . . .