June 17, 2014 In News, Uncategorized
JACKSON—Gov. Phil Bryant will deliver the keynote address at the second Tuscaloosa Marine Shale E&P Summit in Houston, Texas, on June 18. The summit, which runs from June17-19, brings together industry leaders to discuss the latest activity, technology and practices in the Tuscaloosa Marine Shale.
The Tuscaloosa Marine Shale is an oil and gas shale formation that spans portions of southwest Mississippi. Recent advances in extraction technology have lead to an increase in oil production in the TMS, with more than 1 million barrels produced from Mississippi wells in the past several years, primarily in Amite and Wilkinson Counties. Extraction in shale oil plays around the country has accounted for the majority of recent growth in U.S. domestic oil production.
As part of his “Energy Works” agenda, Gov. Bryant has lead efforts to build a favorable development climate in the TMS. In 2013, the governor supported and signed into law a measure to reduce the severance tax on horizontally drilled wells, and during the 2014 legislative session, he supported and signed a measure to create more manageable drilling timelines for well operators and owners.
For more information about the Tuscaloosa Marine Shale E&P Summit, visit http://www.infocastinc.com/events/Tuscaloosa
For more information on Mississippi’s energy landscape, visit http://www.mississippi.org/energy/.