Home » NEWS » Energy » Texas company buys Tuscaloosa Marine Shale leases

Texas company buys Tuscaloosa Marine Shale leases

fracking-myths-01-0911-mdn-1SOUTHWEST MISSISSIPPI — Comstock Resources is leasing 53,000 acres in Louisiana and Mississippi to look for oil.

The company, based in Frisco, Texas, is paying $54.5 million for the leases. They cover parts of the Tuscaloosa Marine Shale formation in Mississippi’s Wilkinson and Amite counties and Louisiana’s East Feliciana and St. Helena parishes. Comstock says it will complete the purchase before year’s end.

Comstock says it hopes to expand operations beyond the Eagle Ford shale in south Texas, and says it plans to lease more land in the Tuscaloosa Marine Shale and elsewhere.

Drillers say hydraulic fracturing can extract oil that’s been too hard to produce before, but companies are still learning how to drill economically in the region.

Goodrich Petroleum Corp. and Encana Corp. lease larger areas in the Tuscaloosa Marine Shale.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

2 comments

  1. We have a plot of land located in Humphreys County MS and we have good reasons to believe that there is oil and/or natural gas there. We invite you to explore the plot. The legal description is: Lot 6, Friley’s Estate, Located in Section 34, Township 14, Range 3 West, Humphreys County, Mississippi.

    Thanks!

    Carl Sanders

  2. WE HAVE 2 OIL WELLS IN PIKE COUNTY, MS. DENBURY HAS BEEN PULLING OIL FROM BOTH OIL WELLS SINSE 2007. IS THIS OIL-RICH SHALE FORMATION UNDER PIKE COUNTY AND IF SO, WILL ENCANA CORP. AND GOODRICH PETROLEUM USE EXISTING OIL WELLS IN PIKE COUNTY.

Leave a Reply

Your email address will not be published. Required fields are marked *

*