Texas, California, Oklahoma, and especially North Dakota have been grabbing headlines over the past couple of years as energy companies have been reaping the rewards of the technological innovation that has made it commercially viable to tap into the Eagle Ford and Bakken and other such gigantic shale formations, and they’re not even close to finished with expanding the boundaries of the shale boom yet.
Oil and gas companies have been steadily buying up acres of mineral rights in potential shale hot spots around the country, and it looks like the Tuscaloosa Marine shale is next on the list. It’s estimated to hold a full-on 7 billion barrels of recoverable oil, and as a couple of companies have been threshing out the situation, local economies are already starting to benefit. The Associated Press has a great rundown of the scenario:
Read more: http://hotair.com/archives/2014/02/28/mississippi-louisiana-getting-in-on-the-shale-boom-action/