Firms drill into other rock formations to tap Eagle Ford Shale gas

09/23/2013 | FuelFix.com

Oil and gas companies are drilling into Olmos Sandstone, Austin Chalk and other South Texas formations to boost the value of their acreage in the Eagle Ford Shale. "We know these are coming on," Jeff Seiler, a managing director at Scotia Waterous, said at a conference. "We've already seen development plans put together and built into valuations for transactions that are on the Street," Seiler said.

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