Shreveport Shale

Your welcome United States. Sincerely, the Haynesville Shale. Considering the season, perhaps it’s more appropriate to say Merry Christmas, as the Haynesville Shale area looks to give Americans a 2011 with relatively low natural gas prices thanks to the abundant resource harvested in our local area. As of now, drilling has occurred at levels higher than dictated by the market, driven primarily by obligations found in lease agreements. The obligations will expire in time, returning drilling rates to a demand based drilling model, however, in the short term, Americans will be privy to more natural gas than immediately needed, meaning lower prices for consumers. Read the rest of this entry »

The tragic oil spill in the Gulf Coast which has devastated coastal Louisiana’s wildlife preserves and many residents’ livelihoods places a new found importance the developments taking place further inland in the state. The natural gas discovery and subsequent production in the Haynesville Shale region is as uplifting for members of the Louisiana community as the oil spill is heart wrenching for others. Shale gas and its potential to provide partial independence from crude oil has many scientists and policy makers optimistic that its development and increased production can help to prevent accidents like the oil spill in the future. Louisiana is now in a unique position, saddled with the mess resulting in one form of energy harvesting but blessed with the abundant resources of another cleaner replacement. On a global scale, the state can now serve as a microcosm for the world’s developing energy situation, with the trauma of a worst case oil scenario ravaging its southern beaches and the booming natural gas market showing signs of wealth and prosperity along its northwest border. Read the rest of this entry »

With the Haynesville Shale mines now one of the richest natural gas reservoirs in the United States, the greater Shreveport area has decided to stand united behind the energy paradigm shift that has taken hold over the region. Once a major player in the US oil industry, the city of Shreveport can trace a lot of its successful roots, followed by its inevitable decline, across the history of American oil production. The 80′s were a cruel time for the city of Shreveport as the oil and gas markets took a turn for the worse, forcing a lot of businesses to close and the local economy to dry up. The local recession drove many residents from the area, relocating to other unaffected locales across the country. Read the rest of this entry »