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The number of applications received by the Missouri Department of Natural Resources’ State Oil and Gas Council for oil and gas exploration has surpassed last year’s total in the first four months of this year.
“Record oil and gas prices contribute to increased interest in oil and gas potential in Missouri,” said Mimi Garstang, state geologist and director of the Division of Geology and Land Survey. In 2005, the department received 25 applications. Since 2006, the number of applications received quadrupled and the numbers continue to grow:
• 144 applications in the first quarter of 2008 with gas at $86 per barrel
• 129 applications in 2007 with gas at $61 per barrel
• 41 applications in 2006 with gas at $57 per barrel
• 25 applications in 2005 with gas at $50 per barrel.
Many of the applications that were received in 2007 and some from this calendar year were from individuals seeking permission to conduct stratigraphic tests, which help determine if the potential for oil or gas exists. When found in sufficient quantities, a request must be submitted for a permit to drill a full-scale oil or gas well.
To protect the environment, applicants must adhere to rules and regulations set forth by the State Oil and Gas Council. The council publishes rules and regulations that apply to oil and gas drilling and producing operations to foster and promote orderly and economic development, production and use of natural resources of oil and gas. State regulations for protecting the environment must be met at every step. Wells must be bonded to ensure that they are properly plugged if an owner improperly abandons a well. The department’s Division of Geology and Land Survey, located in Rolla, is responsible for approving permit applications for oil and gas exploration in Missouri.
For the rest of the story, read the Tuesday, June 24 print edition of the BDN.
The number of applications received by the Missouri Department of Natural Resources’ State Oil and Gas Council for oil and gas exploration has surpassed last year’s total in the first four months of this year.
“Record oil and gas prices contribute to increased interest in oil and gas potential in Missouri,” said Mimi Garstang, state geologist and director of the Division of Geology and Land Survey. In 2005, the department received 25 applications. Since 2006, the number of applications received quadrupled and the numbers continue to grow:
• 144 applications in the first quarter of 2008 with gas at $86 per barrel
• 129 applications in 2007 with gas at $61 per barrel
• 41 applications in 2006 with gas at $57 per barrel
• 25 applications in 2005 with gas at $50 per barrel.
Many of the applications that were received in 2007 and some from this calendar year were from individuals seeking permission to conduct stratigraphic tests, which help determine if the potential for oil or gas exists. When found in sufficient quantities, a request must be submitted for a permit to drill a full-scale oil or gas well.
To protect the environment, applicants must adhere to rules and regulations set forth by the State Oil and Gas Council. The council publishes rules and regulations that apply to oil and gas drilling and producing operations to foster and promote orderly and economic development, production and use of natural resources of oil and gas. State regulations for protecting the environment must be met at every step. Wells must be bonded to ensure that they are properly plugged if an owner improperly abandons a well. The department’s Division of Geology and Land Survey, located in Rolla, is responsible for approving permit applications for oil and gas exploration in Missouri.
For the rest of the story, read the Tuesday, June 24 print edition of the BDN.
