Wednesday, January 5, 2011
Forecast calls for expansion in oil & gas activity in our area
From The Record Live.com
The state of Texas will see a big boom in oil and gas production in South Texas with the Eagle Ford Shale Formation, thought to be one of the nation’s biggest oil and gas fields. The Formation runs from Laredo, between San Antonio and Corpus Christi and also between Austin and Houston to East Texas. Many oil and gas companies will boost spending. As many as 265 new wells will be drilled in 2011. Not only domestic companies but companies from around the world will invest billions of dollars in this new pot of Texas black gold. Stay tuned.