Japanese lawmakers tour Barnett Shale gas wells
08/21/2014 10:56 AM
08/22/2014 2:40 PM
Japanese legislators got a tour of the Barnett Shale in far north Fort Worth Wednesday from Quicksilver Resources executives.
They saw an injection well and a completed well site near Alliance Airport as well as a drilling rig and a hydraulic fracturing site near the Texas Motor Speedway.
Quicksilver sold 25 percent of its holdings in the Barnett Shale to Tokyo Gas last year.
Japan has been scrambling to secure enough natural gas to fuel its power plants and fill the gap in the nation’s electricity market since nuclear reactors were shut down after the Fukushima disaster in 2011.
Stan Pace, senior vice president for operations at Quicksilver, said it was “very progressive” for Tokyo Gas to “buy reserves in the ground.” Tokyo Gas will market the gas to offset its North American liquified natural gas exports, said Stephen Lindsey, Quicksilver’s head of government and community affairs.
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