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>> NATURAL GAS Latest News

JUN 06, 2014 - San Francisco Chronicle

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Oil company approved for former industrial site

(AP) — A portion of the former International Paper property is now under option to a company involved in the extraction of oil from the Tuscaloosa Marine Shale. Developers are tapping into the shale that served for many years as the source bed for traditional oil and natural gas exploration but could not be accessed itself for technical reasons. Oil and gas technology has progressed enough in recent years, however, that exploration and development of the shale is moving forward in earnest, and some industry watchers have projected a 10-year oil boom for the area will soon begin.

Tags: Oil company approved for former industrial site,  Natural Gas Latest News