Meanwhile, Texas»
other shale play, the once - hot Eagle Ford, has cooled, turning thriving communities into ghost towns.
Not exact matches
Lou Mercer: Yeah, so I think that's a key point, is that there are some
other factors in
play here, and that is that not only is oil
shale production up, but the technology is getting more and more affordable, as it often does.
Other parts of the country with
shale beds («
plays» in industry parlance), such as Wyoming, Colorado, Arkansas, and Louisiana, have experienced similar gas drilling booms.
The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and
other tight oil
plays has drawn attention to the potential of
shale in California's Monterey Formation.
The U.S. Energy Information Administration (EIA) reports that the two
plays provided 85 percent of U.S.
shale gas production growth since the start of 2012, reflecting the blossoming production from
shale and
other tight - rock formations through safe fracking.
Second, while the 2011 report focused exclusively on natural gas, recent developments in the United States highlight the role of
shale formations and
other tight
plays as sources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.