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Triangle developing shale gas onshore NS
12/22/2008
Calgary’s Triangle Petroleum Corp. is using expertise honed in Texas’ Barnett shale and Arkansas’ Fayetteville shale to develop shale gas resources in eastern Canada’s Maritimes basin.The company, through its US subsidiary Triangle USA Petroleum Corp., held a 27% working interest in 12,100 gross acres in northeast Hill County, Tex., developing the Barnett shale in the Fort Worth basin, before divesting that interest in July 2007.Triangle also explored and drilled 20,000 gross acres in a Fayetteville shale joint venture in the Arkoma basin with Houston-based Kerogen Resources Inc. (OGJ, Sept. 17, 2007, p. 59). The company may divest the Arkansas holdings, said Howar...
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