"This Is A Game Changer"

from the article ...

"If you believe the economic analysis and corporate hype, the Haynesville Shale will become the nation's top producing natural gas field within the next six years. The money involved in such a feat is astounding: Drilling one well in the shale will cost more than $6 million, and already there are about 17 companies lined up to play. That the area covers four parishes — Caddo, Bossier, DeSoto and Red River — is just as impressive as what the shale actually is: a layer of sedimentary rock located 10,000 feet or more below the surface of the earth."

http://bestofneworleans.com/gyrobase/Content?oid=63269


sesport :0)

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Permalink Reply by intrepid on October 26, 2009 at 8:08
Looks like they are realizing good things have finally come to those who have waited a long time.
Permalink Reply by sesport on October 26, 2009 at 17:05
Noting the numbers in the state lease bids, I wondered how this will further impact So. LA, where they're still struggling to recover from hurricane damages. I also wonder whether this will trigger a shift in the population (location-wise) and how it MAY impact politics. Oh well ... something to keep an eye on, I guess.

Thanks guys - :0)

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