Right here in America there is a modern day oil & gas boom. The Eagle Ford Shale (EFS) is quite possibly the largest single economic development in the history of the state of Texas. The play had more than a $25 billion dollar impact on the local South Texas economy in 2011.

Wednesday, August 17, 2011

Iowan Shale Play? Texas Gov. Rick Perry Thinks So.


Texas Governor, and Republican presidential hopeful, Rick Perry says Obama is scaring people about the potential hazards of fracking. Perry says the process used to extract natural gas has never contaminated any aquifers. But a recent report by the Environmental Working Group revealed an EPA investigation that did link a contaminated well in West Virginia to fracking at a nearby natural gas well.
At an early campaign stop Monday night, Perry also said Iowans, like Texans and Pennsylvanians, might benefit from a shale gas boom in their state.
“You know, we don’t know what’s under the surface here in Iowa, there may be copious amounts of natural gas down there because the Eagle Ford in south Texas, no one knew it was there until four or five years ago.”
In fact, lots of people knew about the Eagle Ford Shale play long before they started to tap it for natural gas. And geologists knew about the Marcellus Shale. What gas industry engineers didn’t know, was how to drill economically until they developed the use of hydraulic fracturing, combined with horizontal drilling. That’s what began five years ago.

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