The discovery of natural gas in the Haynesville Shale in Shreveport, Louisiana this year set off a frenzy of mineral rights negotiations and property leasing, bonus payments, new drilling rigs and visions of wealth for individuals, governments and energy companies.
Shreveport Times reporter Drew Pierson looks to lessons learned from Fort Worth, Texas, which witnessed its own shale frenzy — the Barnett Shale — years before Shreveport did. Fort Worth saw its first permit for a natural gas rig inside the city limits in 2001. Only seven years later, more than 1,200 natural gas wells have been drilled inside Fort Worth, with estimates of 3,000 or more by the time the drilling boom is finally over.
For background on the Barnet Shale, Pegasus News covered a public hearing in Fort Worth last June that is worth a read.