This seems to slow the NG wave of the future train, at least in Ascension Parish. Talk about a let down.
http://www.ibtimes.com/royal-dutch-shell-rdsa-ditches-plans-louisia...
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I imagine all the companies that have considered investing in GTL facilities are taking a second look at the economics. As the potential for declining crude price becomes more apparent, the risks in GTL investment grows. GTL's need high crude prices to be competitive. Hopefully Ascension will be considered for future investments that are associated with the supply and price of natural gas.
Ascension Parish already has several projects in the works that use the NG feed stock.
Shale drilling and lithium extraction are seemingly distinct activities, but there is a growing connection between the two as the world moves towards cleaner energy solutions. While shale drilling primarily targets…
ContinuePosted by Keith Mauck (Site Publisher) on November 20, 2024 at 12:40
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AboutAs exciting as this is, we know that we have a responsibility to do this thing correctly. After all, we want the farm to remain a place where the family can gather for another 80 years and beyond. This site was born out of these desires. Before we started this site, googling "shale' brought up little information. Certainly nothing that was useful as we negotiated a lease. Read More |
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