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Today, “Producers Make Bet on B.C. Shale Play” was published in the Globe and Mail, a national newspaper in Canada. The article was written by DAVID EBNER. HIGHLIGHTS: FORBES (June 5, 2009) — Haynesville Shale (LA and Eastern Texas, discovered in Dec. 2008) is touted as the largest natural gas field in the continental U.S. About 200 feet thick, the stream of shale lurks two miles under the pastures, trailer homes and piney woods of the region. The 3 million-acre formation stretches into [...] At this time, North Carolina does not have any natural gas production or oil production. Thanks to the new technologies in horizontal drilling and a well enhancement technique known as ‘ hydraulic fracturing’ that are being used in other states, North Carolina counties are going to be able to tap natural gas reservoirs. [...] In the New York Times this past week, they ran an article called “Natural Gas Industry Slow to Apply Brakes’. The article noted that natural gas prices are about a third of what they were last summer. Despite the drop in natural gas prices, companies like Mainland Resources Inc., Chesapeake Energy and Devon [...] The city of Shreveport, Louisiana plans to spend a portion of their stimulus money to buy five new buses that will run on compressed natural gas for the Haynesville Shale. Wouldn’t it be great to see the city of Shreveport and other cities in the U.S intergrate even more buses as well as cars [...] |
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