Economist Predicts Gas Drilling Activity To Slow In 2011

The boom in gas drilling activity in northwestern Louisiana is expected to slow in 2011--according to respected economist Dr. Loren Scott.He says the expense of drilling and opportunities to get oil AND gas from the same well will draw drillers away. Dr. Scott says drillers--like most other companies--seek to lower their overhead, and less expensive opportunities are cropping up in other parts of the country. Scott also believes opportunities to drill one well for two fossil fuels will attract rigs away from northwestern Louisiana over the coming year. (Scott says drillers will look to their bottom line, and slow activity in the Haynesville Shale. However, he doesn't expect Haynesville

drilling to stop altogether for many years to come.)