Companies exploring new oil resource in SW Mississippi

Companies are now drilling in the Tuscaloosa Marine Shale play, an “unproven unconventional 7 billion barrel oil resource” spanning central Louisiana and southwestern Mississippi.

The total potential of the play — as estimated by the Basin Research Institute at Louisiana State University — would equal the United States’ oil consumption for a year, which was about 6.9 billion barrels in 2010.

The Tuscaloosa Marine Shale (TMS) play covers central Louisiana and the southwestern Mississippi counties of Amite, Wilkinson, Adams, Franklin, Pike, and Walthall for a total of 2.7 million acres. The term “play” in the oil and gas industry refers to a geographic area targeted for exploration.

>>>SEE FULL STORY<<<

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Top Posts & Pages