Shale Gas 
Natural resource: The province's shale is uniquely thick. The potential is there to exploit a greater amount of oil and gas from the shale, and this - says one geologist - makes N.B. very attractive
Steven Hinds grabs his rock hammer and hacks away at the flaky rock that lines the gravel road leading to the old Albert Mines near Hillsborough. Telegraph Journal, May 1, 2010
Others in his industry have largely ignored the wide swath of New Brunswick that so intrigues Steve Mueller. They've never bet on lucrative reserves of oil and gas deep in the rock. He is.
The president and CEO of Southwestern Energy Co. (NYSE:SWN), a Houston-based company famous for discovering a massive natural gas resource in a shale deposit in Arkansas, has committed to spend about $47 million exploring for oil and gas on about one million hectares in New Brunswick. Telegraph Journal, May 1, 2010 |
