Posts filtered on Tag

Cline Shale

Waiting For Bust

Texas city that prepared for oil boom now waits for bust

Sweetwater envisioned becoming a major player in the hydraulic-fracturing boom, thanks to its location atop the Cline Shale, once estimated to be the nation’s largest underground petroleum formation.
(Ken Childress)

Study: Cline Shale could have $20 billion impact

An updated study estimates that the oil and gas industry in a slice of West Texas could have a $20 billion economic impact and support more than 30,000 jobs by 2022.
Tracy Olson/Flickr

Burgeoning Texas shale delivers $14B economic boost

A new study estimates that the oil and gas industry had a $14.5 billion impact last year on the Cline Shale region, east of the traditionally busier drilling area of the Permian Basin.
(AP Photo/Reed Saxon)

Pipeline to tap into emerging Cline Shale play

Occidental Petroleum Corp. said Tuesday it is moving ahead with a major pipeline to move oil out of the emerging Cline Shale play in West Texas, which has drawn the intrigue of oil companies.
Enterprise Products Partners liquids storage facilities in Mont Belvieu, Texas. (Enterprise Products Partners)

Enterprise eyes Cline Shale for pipeline growth

The Cline Shale is rapidly becoming one of the hottest new plays for natural gas producers — and midstream companies like Enterprise are hustling in to provide the needed infrastructure.
A drilling site in the Haynesville Shale. (James Nielsen/Houston Chronicle file photo)

West Texas shale could dwarf Eagle Ford

Texas is awash in oil and gas, with rigs proliferating from the Permian Basin to the Haynesville Shale. Now, another shale play in West Texas is causing a stir, with early estimates of recoverable reserves at 30 billion barrels of oil.