As energy companies ramp up oil exploration in the Brown Dense formation in south Arkansas, Arkansas Business news partner Today’s THV talks to residents who have leased mineral rights and local leaders who are measuring the economic effects.
Southwestern Energy and Cabot Oil and Gas are among companies hoping to exploit the formation.
A February report from Southwestern Energy’s well in Columbia County notes a high of 103 barrels of oil over a 24-hour period for a test well. Cabot Oil and Gas reported in April a peak production rate of 206 barrels per day at a Union County test site, according to Today’s THV.
Click below to watch Today’s THV reporter’s Max Seigle’s full report: