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).
What is Fracking? âFrackingâ is short for hydraulic fracturing, or hydrofracking. It is the process of injecting frack fluid, a mixture of water, sand and chemicals, at high pressure into shale to fracture the rock, thereby releasing trapped natural gas. Marcellus shale is a layer of black rock that lies 3,500-8,000 feet below the surface and is the current target of fracking. Most of West Virginia is underlain with this shale; in West Virginia the vertical depth of the formation itself is approximately 150 feet. The formation also extends into Pennsylvania, New York, Ohio, and Virginia. Fluid recovered from the well after the fracking is completed is called flowback fluid or waste water.