Texas Shale Regions' Fortunes Diverge
From StateImpact Texas
Two years ago Texas’ booming Barnett Shale region was facing a slew of challenges that came along with increased oil and gas drilling. Heavy drilling trucks were destroying the roads, employees were getting poached from their everyday jobs to work on the rigs, and residents of North Texas worried about what kind of impact all that drilling was having on the environment.
Those problems persist. But as the price of natural gas has declined, much of the drilling activity has moved south, to the Eagle Ford Shale region, where drillers can extract more valuable crude oil and ...
Comments (1)
John Johnson
Please do not feel sorry for those of us living in the Barnett Shale area. Although the price of natural gas is way down, so are our electricity costs. When the export terminals in the Gulf are completed, the natural gas, compressed into liquid natural gas, will be exported to the highest worldwide bidder and the cost will skyrocket. Drilling and production activity will increase again, and the price per kWh will be in double digits.