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Yet another bold statement and prediction by Arthur Berman, former geologist and now an industry consultant who earned the wrath of Shale drillers by forecasting that natural gas is about to run out now says “Permian region of Texas and New Mexico won’t last for long.” Berman’s grim outlook is supported by analyses of reserves and production data from more than a dozen prominent shale drillers.
Drilling of first exploration well in a four-well campaign in the Echo Energy plc’s Fracción C asset, onshore Argentina has commenced. The Company will update shareholders with progress on both the exploration drilling program and extended testing as the program advances.