DENVER, CO -- (Marketwired) -- 06/26/13 -- Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The Mississippi Lime is sometimes overlooked in discussions on U.S. shale formations. The play, straddling the Oklahoma/Kansas border, has been drilled for decades with conventional vertical drilling practices. But horizontal drilling technology and hydraulic fracturing techniques are causing Oil & Gas Producers to take a second look at the formation. At a recent "Water Management for Shale Plays - 2013" conference here, an analyst from Wood Mackenzie (WoodMac) (Edinburgh, Scotland) outlined a billion-dollar drilling opportunity in the Mississippi Lime. But the opportunity focused on drilling wells to dispose of wastewater, not wells to produce oil, gas or natural gas liquids.
Other companies featured: SandRidge Energy Incorporated (NYSE:SD), Chesapeake Energy Corporation (NYSE:CHK), Apache Corporation (NYSE:APA), Devon Energy Corporation (NYSE:DVN), Encana Corporation (NYSE:ECA), Royal Dutch Shell plc (NYSE:RDS.A)
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