Tuesday, July 29, 2008

NY Times "Gas Rush" Article

Today's New York Times features an article ("Gas Rush is on, and Louisianans Cash in") about the Haynesville Shale and the economic impacts to the region. The article was written by Adam Nossiter, the Times' main post-Katrina reporter in New Orleans. It is a generally positive piece, although there is some big city condescension that bubbles up periodically. The article focuses on a few people who have received big lease bonus checks and the possibilities for the region. It portrays the Haynesville Play in a positive light, referencing the possibility that the play might yield 250 trillion cubic feet of recoverable gas (a number that Aubrey McClendon of Chesapeake has tossed out in conference calls).

There is no groundbreaking information in the article, but it's always interesting to see how the rest of the world perceives what is going on down here.

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