Bridlewood Quality of Life Coalition

Gas Production Declining & Moving by kim0917
26 October 2008, 2:23 pm
Filed under: News, Quality of Life

Some gas production companies are pulling out of the Barnett Shale fields because of dropping natural gas prices.  Some are rolling their drilling rigs to other areas report the Dallas Morning News. Nevertheless, one expert believes that there is still about one more year of “decent growth” in the Barnett Shale area.  It was pointed out that “a Barnett Shale natural gas well gives up around 65 percent of its gas in the first year and around 80 percent in the first two years. The only way to replace that production is to drill more wells.”


Leave a Comment so far
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: