Eagle Ford Shale residents have an opportunity to learn from our mistakes. You can have environmental protections written into your leases. Eagle Ford Shale residents are starting to contact me with reports of operators dumping waste and other concerns.
Get ready for the eminent domain.
Eagle Ford Gathering LLC (EFG), a joint venture of Kinder Morgan Energy Partners LP and Copano Energy LLC, will construct 85 miles of 24-in. and 30-in. OD pipeline to move natural gas produced in the Eagle Ford shale by SM Energy Co. from La Salle, Dimmit, and Webb Counties in Texas to the Freer compressor station in Duval County, Tex., for transport on KMEP’s Laredo-to-Katy (LK) pipeline. The LK line will in turn transport gas to Copano’s Houston Central gas processing plant.
Here’s another article about the pipeline.
If you have a lease with Chesapeake (CHK) pay attention to this:
Marcus Rowland, the chief financial officer at Chesapeake Energy Corp., is in Beijing to discuss a deal for Chinese companies to take a 20-percent stake in Eagle Ford shale in Texas, The Wall Street Journal reports.
More about CHK in China HERE and HERE. CHK is probably seeking China’s money to help relieve their debt.
Eagle Ford Shale residents need to start there own gathering line. Form groups and share information so you won’t be featured in an article where industry brags about leasing your minerals for bargain prices. Know the worth of your minerals and protect your precious land by making smart decisions about leasing. Insist on DRILL RIGHT TEXAS: Best oil & gas development practices for Texas
Rosetta Resources (ROSE). As an early entrant in two emerging unconventional U.S. shale fields, Rosetta nailed down bargain land prices.
About Sharon Wilson
Sharon Wilson is considered a leading citizen expert on the impacts of shale oil and gas extraction. She is the go-to person whether it’s top EPA officials from D.C., national and international news networks, or residents facing the shock of eminent domain and the devastating environmental effects of natural gas development in their backyards.
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Mike H. says
So, where's the mineral rights owners happy with getting paid less because they dove right in?