Wednesday, October 7, 2009

Gas Everywhere

Another shale gas play

The Barnett Shale may be the granddaddy of shale gas plays -- this is where producers worked out the technology that made it feasible to recover natural gas from unconventional formations.

But there seem to be plenty of additions to the family. The Houston Chronicle reports on the latest find, the Eagle Ford shale in South Texas. Its advantages include lower production costs, easy terrain and a local population land owners who "have grown comfortable with the industry after decades of oil drilling," the Chron reports.

There are also some interesting numbers on the break-even cost for producers.

-- Mike Lee

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