formation of sedimentary rocks in the state

The Success of the Barnett Shale Business Articles | November 2 Black Justice Hill Jersey , 2008
In the mineral and gas industry, people know of the Barnett Shale, a formation of sedimentary rocks in the state of Texas. It stretches from Dallas to the city of Fort Worth. What is the most importan...

In the mineral and gas industry, people know of the Barnett Shale Black Miles Boykin Jersey , a formation of sedimentary rocks in the state of Texas. It stretches from Dallas to the city of Fort Worth. What is the most important fact about the Barnett Shale, however, is not its geological standing. It is its significance and contribution to the economy.

The Barnett Shale is said to be the largest onshore natural gas source in the United States. It holds around 2.5 trillion cubic feet of natural gas and is said to hold around 30 trillion cubic feet of natural gas resources. Oil is also present in the Barnett Shale, enough to be commercially viable for the drilling companies.

The drilling companies and the oil and gas market aren't the only ones to benefit from the discovery of the Barnett Shale. The residents of Texas who live on the path of the Barnett Shale also got their share of fortune. The Barnett Shale is responsible for creating permanent jobs for thousands of people in Texas Black Jaylon Ferguson Jersey , and has also contributed a lot of revenues to the local governments in the state. The terms of the mineral rights lease also provide royalty payments for homeowners.

In the past, it was hard and almost impossible to extract natural gas in commercial quantities from the Barnett Shale. It is only with the technology today of hydraulic fracturing and horizontal drilling that the extraction of the gas from the Barnett Shale became easier and faster. More developments are being planned. Gas pipeline networks that are used to transport the gas is being expanded more and more.

Presently, though the presence of rapidly growing urban areas are limiting extraction efforts. There are portions of the Barnett Shale that are under these areas. The local governments are still researching for some means to drill and extract the resources without disrupting the urban life. The weight of all the drilling work is no joke either. There are some rural parts of Texas that cannot handle all the heavy equipment that can cause damages to the roads and land.

In 2008, the lease terms have improved. Homeowners are offered $25 Black Marquise Brown Jersey ,000 per acre and a 25-26.2% royalty for the mineral rights.

The Barnett Shale is now a major producer of natural gas. Its success has also led companies to find more sources of gas, oil, and minerals across the country. Other notable discoveries include the Antrim Shale in Michigan, the Fayetteville Shale in Arkansas Black Mark Andrews Jersey , the Marcellus Shale in Appalachia, the Woodford Shale in Oklahoma, the Ohio Shale in Kentucky and West Virginia, the Haynesville Shale in Louisiana and East Texas Black Lamar Jackson Jersey , and the Bakken Shale in Montana, North Dakota, and Saskatchewan.

The success of these shale gas prospects have also encouraged many people to look into their properties and see whether they can obtain ownership of mineral rights. People with mineral rights ownership get the royalties cited in the lease terms and be rich just by leasing mineral rights to the drilling companies.

The Barnett Shale certainly won't be the only successful oil and gas source of the country. With growing demand for oil and gas in the market, the industry is also showing no signs of any decline.


Article Tags: Barnett Shale Black Hayden Hurst Jersey , Drilling Companies, Mineral Rights

Recently, the Presbyterian Church (USA) beat a drum for justice. This brave denomination took the first steps toward removing its monies from companies that profit from the Israeli theft of Palestinian land.

The church will target companies that operate in the occupied territories; that sell products, services or technology to support Israeli settlements; that do business with organizations that rest on a patio of violence against civilians; or that help the construction of the long Black Justin Tucker Jersey , dismal, fenced and stone barrier of hate which separates Palestinians from their loved ones.

As is the case with all peoples who install injustice, American Jews and Christian evangelicals bang the pots and pans of opposition. Despite the clanging the Presbyterian Church (USA) made the only decision justice could hug and kiss. It heard the trumpet call of Amos 5:7: "You are doomed," yells the prophet Trace McSorley Jersey , "you that twist justice and cheat people out of their rights!"

How did the Presbyterian Church (USA) interpret that call? If it keeps its monies in those companies, the Jehovah of justice convicts it. If it withdraws its monies, it has sprayed water on the fire of condemnation.

We applaud the Presbyterian Church (USA). If it were a football team, we would be its loyal fans and echo these words by an insightful storyteller: "The house sleeps and morning rises and cereal waits. And the stomach hurries to digest a just decision."