The article talks about horizontal drilling and fracture stimulation being used in new and old oil fields around the country.
Two things jumped out at me immediately:
- Total domestic on-shore oil production has not increased since 2002; and,
- As more and more states benefit from this technology, the more difficult the EPA will have in regulating the technology at the Federal level.
EOG's CEO says the unconventional play is the most under-reported story on mainstream media. I agree. By the way, this doesn't sound like a CEO whose company just took a huge shellacking in the market due to huge loss due to focus on natural gas.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.