Treasury Note. Loading the player... What is a 'Treasury Note'. A treasury note is a marketable U.S. government debt security with a fixed interest rate and a maturity between one and 10 years. Treasury notes are available from the government with either a competitive or noncompetitive bid.
1 The Bowland-Hodder shale gas play (or Bowland-Hodder shales) is the term used in this report for an amalgamation of shales of Visean to early Namurian age that includes the Bowland Shale Formation (and its equivalents) together with older shales which equate to the Hodder Mudstone Formation.irky Misperton 1 drilled a complete Bowland-Hodder unit thickness of 4598 ft (1401 m). The organic-rich upper part of the Bowland-Hodder unit is typically up to c.500 ft (150 m) thick, but locally reaches 2900 ft (890 m).
The gray rock units are impermeable shale. Oil and natural gas forms within these shale units and then migrates upwards. Some of the oil and gas becomes trapped in the yellow sandstone to form an oil and gas reservoir.lthough drilling can extract large amounts of oil and natural gas from the reservoir rock, much of it remains trapped within the shale. This oil and gas is very difficult to remove because it is trapped within tiny pore spaces or adsorbed onto clay mineral particles that make-up the shale.