8.04.2008

Drilling in Barnett Shale (in Fort Worth!)

How Texas Struck It Rich Beneath Suburbia

Excerpt:

What I've seen is that while Congress balks at drilling in the Arctic National Wildlife Refuge in Alaska out of fear of disturbing a few caribou, we've moved ahead to safely tap into an energy reserve located underneath suburban homes. And there is no better example of how Texas gets the balance right between energy and the environment than the development of the Barnett Shale.

Geologists have known that this reserve contains a mother lode of energy for at least 30 years. Yet even today it's not clear where the boundaries are. Wildcat wells and some dry holes continue to define the perimeter of the Barnett. What we do know is that the formation stretches from the Dallas/Fort Worth area up into rural counties in north Texas, spanning some 5,000 square miles. We also know that there is an estimated 27 trillion cubic feet of natural gas locked up in it. Americans use about 23 trillion cubic feet of natural gas a year; four trillion cubic feet a year are imported. So being able to tap into the Barnett is a big step toward producing all of the country's natural gas needs domestically.



Comment: More from Wikipedia. My Sister's snd Mother's homes are in this region. Nancy sold the her mineral rights for a substantial sum. Mother's property did not have the rights (the developer retained them).

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