Rumor has it Chesapeake shopping out? its Utica assets…only a matter of time for the firesale in the Barnett Shale. Arlington’s predominant driller is vulnerable to second tier driller.
Business Insider recently reported of Freeport-McMoRan….
A $12 billion commodities giant is thinking about ditching the oil business
And Oil Price reported today….
Six Reasons Natural Gas Prices Are Staying Down
So for now we need to scurry along fixn’ up our Arlington gaswell ordinance as advised by the Railroad Comission to regulate any of the “nuisance” things we risk residing in the Urban Drilling haven of money before citizen safety cause once the price of NG goes back up, the city will allow up to 900 more gas wells…from hell.