Updated June 23, 2018 10:25:07 Texas’ energy commission has approved drilling permits for the drilling of $1 billion gas reserves for gas exploration in the Barnett Shale region, the state’s top oil and gas regulator said.
The approval comes on the heels of a $7.2 billion drilling project in northern Texas, which is expected to begin this summer.
The oil and natural gas commission also approved drilling in the Eagle Ford Shale, a $3.2 trillion, untapped resource, with the potential to produce as much as 1 million barrels of oil a day, or 5.4 million barrels a day.
Agency officials had said earlier this month that they planned to start exploratory drilling for gas in the state by the end of June.
In a letter to the oil and other energy commission, Texas Department of Resources Commissioner Joe Altschuler said the agency’s approval of the gas drilling permits “reflects the urgency of these proposed projects and the fact that the State of Texas continues to have an active and productive shale gas and oil resource.”
The commission’s approval comes just months after the commission approved the $7 billion Eagle Ford and Permian Shale projects, the two largest gas drilling projects in the United States.
“This approval of drilling permits in the Permians is timely as the oil sands and Bakken fields have not been well-served by the regulatory process, and it is consistent with our mission to develop a responsible and safe drilling strategy in the Bakken,” Altshuler said.