Monday, June 8, 2009

Forbes Article

Forbes Magazine printed an article this week on the Haynesville Shale. There is not a whole lot of new information, but it does give a decent 10,000 foot overview of the play, noting the pluses and minuses.

On the negative side, Forbes did spill some ink on the now famous dead cows in north Louisiana. Apparently, a report on the incident noted that Schlumberger, which was completing the well, spilled approximately 600 gallons of some sort of fluid, supposedly mostly water. The sixteen cows died after a strong rainstorm. The spill was not reported because it was below the threshold for reporting. That kind of incident makes the actions of Bossier City to increase regulation of gas drilling seem even more reasonable.

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