Kuwaiti Company Finds Natural Gas in Texas

Kuwaiti company strikes gas in Texas
1 day ago

KUWAIT CITY (AP) — Kuwaiti oil and gas producer Aref Energy says it has found close to 5 trillion cubic feet of recoverable natural gas in south-central Texas.

The company said Monday in a statement that results of a survey of its joint venture operation in DeWitt County found that about 25 percent, or 4.75 trillion cubic feet, of the roughly 19 trillion cubic feet of gas in the concession was available for production.

The statement did not name the company's partners, who hold the remaining 50 percent stake.

But Aref said Houston, Texas-based project manager Halliburton was "taking preliminary steps to commence gas production operations."

Aref set up the Dewitt Tract Co. in 2007 as a subsidiary to oversee operations in the county.

(This version CORRECTS reference to 19 trillion, sted 19 billion.)
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This message was edited Dec 16, 2008 1:08 PM