Looks like Saudi Arabia and Kemper and were both standing in the wrong place when fracking came along.
“The recent drop in oil prices won’t derail the shale drilling in southwest Mississippi or Texas or Pennsylvania or North Dakota. Driven by advances in technology and on the job learning and adapting, there are more upside surprises to come in the shale revolution.” By Mark P. Mills | www.wsj.com | Oct. 23, 2014 7:21 p.m. […]
The Tuscaloosa Marine Shale formation lies 10,000 – 15,000 feet below the surface of the south west corner of Mississippi and extends west and south into to Louisiana. It contains billions of barrels of crude oil. Its existence has been known for decades… If successful, they will have a big economic impact on the entire […]