Eagle Ford Minute December 23
by Randy Watson Email Randy
Gas flaring in the Eagle Ford Shale oil field burned more than 20 billion cubic feet of natural gas and released tons of pollutants into the air in the first seven months of 2014. The amount exceeded the total waste and pollution from gas flaring for all of 2012. From January to July, energy companies flared and wasted enough natural gas to fuel San Antonio’s 800-megawatt Rio Nogales power plant during the same seven months. Read More
Due to low crude oil prices, Comstock Resources Inc., Frisco, Tex., plans to suspend its 2015 oil-directed drilling activity on properties in the Eagle Ford shale in Texas and Tuscaloosa Marine shale (TMS) in Mississippi. Comstock will instead target natural gas on its Haynesville shale natural gas properties in North Louisiana.
The company “believes that improved completion technology, including longer laterals, will provide strong returns on drilling projects at current natural gas prices.” Comstock has released its rig in the TMS and will postpone drilling activity in the area until oil prices improve. The company currently operates four rigs drilling on its Eagle Ford properties. Read More
Read more online at nobullradio.com … This is Randy Watson with the Eagle Ford Minute wishing everyone a Merry Christmas from the No Bull Radio Network.
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