Pipeline to Mexico Opens, Could Towns Ban Fracking, Eagle Ford trial settled
A new pipeline project to move Eagle Ford Shale natural gas into Mexico’s growing energy market has opened. NET Mexico Pipeline Partners LLC announced today that construction of its 120-mile pipeline is complete and ready to export natural gas to Mexico. The NET Mexico project is from the Agua Dulce hub in Nueces County to a point about six miles east of Rio Grande City in Starr County. NET Mexico is an affiliate of Houston-based NET Midstream. We can export gas to Mexico, but can’t figure out how to get flare gas to San Antonio. Read More
Could fracking ban come to towns on Eagle Ford Shale? The residents of Denton, Texas, voted to make fracking a criminal activity within Denton city limits. Read More
Eagle Ford trial settled. JPMorgan Chase Bank has agreed to pay about $40 million to the beneficiaries of the South Trust Syndicate Trust to settle a four-year-old lawsuit over management of he trust’s mineral rights in the Eagle Ford Shale, according to one of the rights-holders who didn’t want to be identified. More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of JP Morgan’s commercial clients for the mineral rights. Read More
For more information visit nobullradio.com. This has been Randy Watson of the No Bull Radio Network reporting for the Eagle Ford Minute.