Wednesday, August 6, 2008

Historic and Massive Oil & Gas Find in Northwest Louisiana

This is not hot off the presses, but the discovery was gradually unveiled over the last several months, and we are still learning more. Its called the Haynesville Shale and is upwardly proportionate to the Barnett Shale in impact according to Chesapeake Energy, which has already laid out millions in lease payments to lock up mineral rights over the last few months.

Drillers are not wasting any time. here is a link to a map of current drilling sites. http://www.shreveporttimes.com/external/gaswells/index.html

Here's another link to an article that explains the huge scope and implications of this breakthrough.
http://www.shreveporttimes.com/apps/pbcs.dll/article?AID=/99999999/SPECIALPROJECTS02/805040320

Another link for pipeline activity:
http://www.shreveporttimes.com/apps/pbcs.dll/article?AID=/20080807/NEWS01/808070353&referrer=FRONTPAGECAROUSEL&GID=kn1GDCgFFJ1t5/PXJjn6SNV2iJpxaM06fNpWpPXZMQA%3D