Advocate: Louisiana’s Tuscaloosa, Haynesville shales hampered by oil, natural gas prices
The Advocate reports:
Drillers are closing in on the most efficient and consistent way to produce oil from the Tuscaloosa Marine Shale across Louisiana’s midsection, but low prices will strongly affect drilling activity. Likewise, natural gas prices will hamper activity in the Haynesville Shale in northwest Louisiana until proposed export terminals are operating, energy summit experts said Wednesday.
Liquefied natural gas exports present a tremendous economic opportunity for Louisiana and the Gulf Coast, supporters said during the LSU Center for Energy Studies’ annual summit.
It’s not a choice……..