A new oilfield in Texas will provide the country’s largest natural gas production boom in more than 20 years, with the U.S. shale revolution now in full swing.

    The $5.5 billion Texas Oil and Gas Commission (TOGC) announced the approval Thursday of an application to drill the first well in the Bock County field in western Texas, about 20 miles north of the city of Lubbock.

    The first well is expected to begin producing gas in late 2017 or early 2018.TOGCC Chairman Robert Gagnon said the oilfield is part of the “world’s largest oilfield,” with 1.7 billion barrels of natural gas storage potential, 1.6 billion barrels in the gas wellhead, and an estimated 300 million barrels in reserves.

    The first gas well will produce up to 5 million cubic feet of gas per day, Gagnons statement said.

    The Texas Railroad Commission, which oversees the project, said it will lease the site to a consortium of oil and gas companies and private investors.

    “This will be the largest-ever shale gas well in Texas, surpassing all previous oilfield sites in Texas,” Texas Oil & Gas Commission Chairman Bob Gagnan said in a statement.

    “This is an exciting time for Texas.”

    A new oil field in Texas is seen in this undated handout photo provided by Texas Oil Company (Texas Oil & Gas) showing a view of a site in Bock county, Texas.

    The oilfield, which is expected eventually to produce 1.5 million barrels of gas annually, is located near the town of Bock in southwest Texas.

    The TOGC, which regulates the oil and natural gas industry in the state, has given the project an $18.2 billion environmental review.

    The site is about 40 miles south of Boon, a town of 1,600 people located about 45 miles northwest of Austin.

    The town’s population was about 13,500 at the end of March.

    The Bock site is also located about 50 miles west of the state capital of Laredo, which borders the area.

    The proposed project is a joint venture between two Texas companies, Texas Oil Exploration and Production (TEOEP) and Bock Energy, and a subsidiary of a major Texas oilfield company, Schlumberger Energy.

    Bock Energy has partnered with TEOEP and is working with a private developer to develop the oil field, according to TEOEp.TEOE and BOCK are part of a larger oilfield development effort that includes a $1.8 billion Texas shale gas field, and the production of about 1.1 billion barrels per year of natural-gas liquids, or LNG.

    RELATED ARTICLES

    How to find a natural gas flarer

    Natural gas flushing stations often have the option of renting a pump or buying an equipment.However, there’s a good chance that you won’t be able to get a natural-gas flaring facility to do your job.Here’s what you need to know to find one. adminView all…

    Sponsored By

    우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.카지노사이트 - NO.1 바카라 사이트 - [ 신규가입쿠폰 ] - 라이더카지노.우리카지노에서 안전 카지노사이트를 추천드립니다. 최고의 서비스와 함께 안전한 환경에서 게임을 즐기세요.메리트 카지노 더킹카지노 샌즈카지노 예스 카지노 코인카지노 퍼스트카지노 007카지노 파라오카지노등 온라인카지노의 부동의1위 우리계열카지노를 추천해드립니다.우리카지노 | 카지노사이트 | 더킹카지노 - 【신규가입쿠폰】.우리카지노는 국내 카지노 사이트 브랜드이다. 우리 카지노는 15년의 전통을 가지고 있으며, 메리트 카지노, 더킹카지노, 샌즈 카지노, 코인 카지노, 파라오카지노, 007 카지노, 퍼스트 카지노, 코인카지노가 온라인 카지노로 운영되고 있습니다.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.【우리카지노】바카라사이트 100% 검증 카지노사이트 - 승리카지노.【우리카지노】카지노사이트 추천 순위 사이트만 야심차게 모아 놓았습니다. 2021년 가장 인기있는 카지노사이트, 바카라 사이트, 룰렛, 슬롯, 블랙잭 등을 세심하게 검토하여 100% 검증된 안전한 온라인 카지노 사이트를 추천 해드리고 있습니다.우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.