Editor's Note: Commercial Evolution Of Natural Gas

Gas proved more trouble than it was worth—literally. The answer for years proved easy: Flare it. Get rid of it.

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The seven companies that control half the federal supply onshore in the Lower 48 states have leases and permits in hand that could last years.

The SEMZ-11X well hit 65 ft of oil pay in the Cretaceous sandstones of the Bahariya and Abu Roash G formations, the company said in a news release.

January 2021: Mississippi Canyon Block 503 discovery: 2,930 bbl of oil, 8.64 MMcf of gas per day