WPX aka Williams Gulf Coast Production has sold off their assets in Flower Mound and across the Barnett Shale to KKR Kohlberg, Kravis & Roberts and their partner Premier Natural Resources.
The sale includes approximately 27,000 acres in the Barnett shale in north Texas and eastern Oklahoma. The deal also includes approximately 66,000 acres in the Arkoma shale in western Arkansas and eastern Oklahoma.
Click here to read article in the Star Telegram.
Click here to read article at Yahoo Finance.
Click here for Premier Natural Resources website.
Our Mission: To work in a legal, ethical, and civil manner to stop urban gas drilling in the highly residential areas of North Texas. We are not against all gas drilling, but rather that which will adversely affect the public safety, the enjoyment of our homes, and our overall quality of life. We support the need for better regulation and accountability of the Oil & Gas Industry in rural and urban areas of Texas.
Wait a minute, I thought they said they were all here "for the long haul." Guess not.
ReplyDeleteDoesn't this flipping exactly follow the timeline predicted by several noted industry experts? Is this not the first step to avoiding the high costs of leaks and eventual equipment failures, i.e. leaking pipe connections, valves, etc due to the high corrosiveness of the flowback fluid + the extreme grittiness of the type of sand used for fracking?
ReplyDeleteDoesn't this flipping exactly follow the timeline predicted by several noted industry experts? Is this not the first step to avoiding the high costs of leaks and eventual equipment failures, i.e. leaking pipe connections, valves, etc due to the high corrosiveness of the flowback fluid + the extreme grittiness of the type of sand used for fracking?
ReplyDeleteGas griller dictionary:
ReplyDeleteLong Haul - a time span equating to the total amount of time to consume the natural resources of a town, leave it in shambles for the people to deal with and take the money and repeat in another town.
Amen, to Long Haul!
ReplyDeleteGee, they had to get out of Dodge quick, didn’t they -- I wondered what they would do when they could no longer play the blame game for all their pie in the sky p.r. failed promises made to their leaseholders.
Hope they left their sites clean.
Amen, to Long Haul!
ReplyDeleteGee, they had to get out of Dodge quick, didn’t they -- I wondered what they would do when they could no longer play the blame game for all their pie in the sky p.r. failed promises made to their leaseholders.
Hope they left their sites clean.