South Texas shale attracting billions of dollars

Houston Chronicle: Though still facing uncertainty on many fronts as 2011 begins, the oil and gas industry knows one thing: It likes what it sees in South Texas. That's the site of the Eagle Ford shale formation, a vast underground network of dense rock layers, discovered only recently and now thought to be one of the nation's biggest oil and gas fields. To this point, the formation has existed in the shadow of other big domestic shale formations best known for their supplies of natural gas, including the Barnett......

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