May 22, 2012
Shell
Oil Company hopes to move ahead soon with one or more new test wells in
northeast New Mexico that could eventually lead the company to
establish natural gas drilling operations throughout this part of the
state, including Colfax County.A Shell official this month told the Colfax County commission that the company wants to be ready with an adequate supply of natural gas when demand — and prices — for the natural resource rise. Although prices are at a 10-year low, the markets for natural gas are “always evolving,” according to Mike Smith, an enterprise service management adviser for Shell.
Eight counties in northeast New Mexico are referred to by industry officials as the Penn Play, an area that has gained attention to a degree that prompted a few industry representatives to make a presentation at January’s New Mexico Association of Counties Conference. One of the key points made during the presentation was that the companies would want a “uniform regulatory climate” across the multiple counties where they believe a large pool of natural gas may sit among the rock layers some 7,000 to 13,000 feet below the surface.....continued.....
http://ratonrange.com/company-hopes-to-move-forward-with-gas-drilling-shell-plans-to-come-north-p3416-1.htm

