Barnett Shale Steel Shortage

US face short supply of steel for gas
And the effect on North Texas could be significant, particularly because gas drilling in the Barnett Shale requires the complex rigs that snake into the

Gas companies are meeting with neighborhood associations to better explain the complexities of drilling in an urban setting. Residents are telling the companies what they think. Gas prices are on the upswing there. So, we are happy with the gas price that we currently have negotiated and feel like we can make a very good rate of return on the asset there as long as we can make the horizontal program work. Gas flowed at the daily rate of 16,628,000 cu ft at the 2 Corby “A” through treated perforations at 15,274-15,354 ft. It is about one-third mile from the company’s Branton West field confirmation.

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