Drilling is at a seven-year low in the North Texas natural gas fields.
But even as drilling pace slackens in the Barnett Shale, it's booming in other oil and gas fields of Texas, such as the Permian Basin of West Texas and the Eagle Ford Shale of South Texas.
The Fort Worth Star-Telegram reports that the number of active drilling rigs in the Barnett Shale fields in North Texas have fallen to their lowest level since June 11, 2004.
That fall-off comes even as drilling booms in the long-drilled Permian Basin of West Texas and the newly exploited Eagle Ford Shale in South Texas. Those fields offer more liquids such as oil and liquefied gas, drawing higher prices than the drier Barnett Shale natural gas fields.
No comments:
Post a Comment