Interest In This Gas Deposit Is Only Natural (NAPSA)—While it’s long been argued that everything is bigger in Texas, there’s some evidence to support that position when it comes to one of that state’s natural gas deposits. Anaturalgasfield in the Dallas Fort Worth area known asthe Barnett Shale is the source of more than 50 percent of all shale gas produced in the United States. That’s more than the gas available in the Alaskan reserve. According to the American Association of Petroleum Geologists, over one trillion cubic feet of gas has already been produced by the deposits in the Barnett Shale—andit’s developmentis far from over. According to Kent Bowker, a consulting geologist familiar with the area, “All other Texas gas fields are either flat or declining, but the Barnett Shale is like a perpetual motion machine—and there’s no prospect of the end.” This can be good newsfor both consumers and investors. Natural gas is the fuel of choice in many markets becauseit is clean burning and safe. Developing new domestic sources of natural gas and new ways to access those deposits can help to create jobs, reduce our reliance on foreign imports and offer a steady source offuel. However, drilling wells to access shale gas can be a complicated process. The best results are often achieved with a technique knownas horizontal drilling. This calls for drilling into the ground vertically and then turningthedrill head until it enters the shale layer horizontally. This type of drilling is used to ~ ~ A natural gas field known as the Barnett Shale is the source of more than 50 percent of all shale gas producedin the United States. achieve a better return on investment by allowing access to oil and gas streams in a variety of conditions that were either inaccessible or not economically desirable. One company known for its success in horizontal drilling operations in Oklahomarecently entered into an agreement with an enterprise of the Hunt Family Group, owners of one of the largest energy concerns in the world, to develop 3,000 acres of natural gas deposits in the Barnett Shale. Lexington Resources, Inc. is a natural resource exploration company engaged in the acquisition and development of oil and natural gas properties in the United States. The venture is the first expansion by the companyoutside its existing gas drilling and production taking place in Oklahoma. It listed in the OTC market under the symbol LXRS. For further information, visit www.lexingtonresources.com.
