by Edward W. Allred on 05/23/2012
The boom surrounding the Eagle Ford Shale continues unabated. Enterprise has now announced that it is setting up a new cryogenic natural gas processing plant in the Eagle Ford Shale.
The project is currently in the startup phase. The processing plant will be set up in Yoakum. The plant has a natural gas processing capacity of approximately 300,000,000 ft.³ per day. It also has an extraction capacity of 37,000 barrels a day of natural gas liquids.
According to Enterprise, the long-term outlook in the Eagle Ford Shale is extremely bright. The company believes that it is well-positioned to meet the needs for midstream infrastructure in the Eagle Ford Shale. The plant is expected to begin full product production by the beginning of next month.
There's a lot happening in the Eagle Ford Shale, and many companies and businesses in the area are jumping on the bandwagon. Several small towns in southeast Texas, where drilling dealing activities have been concentrated, have seen a major boom in their economies. These are small towns with shoestring populations of 2,000 to 3,000 people, and they have seen a huge influx of employees hired by the companies that are operating in this area.
There is a huge demand for housing for these employees, and real estate development is on a roll. The influx of well-paid employees has also meant the establishment of new businesses to meet the needs of the growing population.
Unfortunately, with a boom like this, chances are very high that people will get cheated out of their dues. Others may find that the drilling activity is not so good for their business after all.
Landowners who have leased out their land have the highest stakes in this situation. Persons, who signed off on oil and gas leases in a hurry may find that their contracts don't protect their best interests after all. The oil and gas lease attorneys at our firm are currently investigating breaches of oil and gas leases in the Eagle Ford Shale.blog comments powered by Disqus