TED JACKSON / THE TIMES-PICAYUNE Four wells are clustered together just north of Mansfield, La. Thursday, March 3, 2011 serving as a startling example of how many wells are being drilled in the area. After gas was discovered in the shale formations thousands of feet below Northwest Louisiana, energy companies worked hard to find ways to extract it for a profit. The landowners of the area became the beneficiaries when the gas companies came knocking on their doors to buy their leases with a new process called fracking. Now the landowners are becoming millionaires in and around the tiny towns of Mansfield.
TED JACKSON / THE TIMES-PICAYUNE Workers manage the amounts of sand that goes into the hopper at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE A worker unscrews the cap atop the wellhead as the crew prepares to send the explosive charged "gun" down the well at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE A worker surveys the cap atop the wellhead as the crew prepares to send the explosive charged "gun" down the well at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE A worker watches from the wellhead as the crew prepares to send the explosive charged "gun" down the well at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE A worker checks the high pressure pump lines trailing from the 20 pump trucks suppling the high pressure required to pump the water, sand and chemical mixture down the hole at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE A gas drilling rig outside of Mansfield, La. Thursday, March 3, 2011. After gas was discovered in the shale formations thousands of feet below Northwest Louisiana, energy companies worked hard to find ways to extract it for a profit. The landowners of the area became the beneficiaries when the gas companies came knocking on their doors to buy their leases with a new process called fracking. Now the landowners are becoming millionaires in and around the tiny towns of Mansfield.
TED JACKSON / THE TIMES-PICAYUNE A worker checks the high pressure pump lines trailing from the 20 pump trucks suppling the high pressure required to pump the water, sand and chemical mixture down the hole at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE 20 high pressure pump trucks line up to supply the pressure to force the water, sand and chemical mixture down the well, as fracking continues on the second day at a site 16 miles from Mansfield, La., Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE Monica Bell walks along her deck over a nearly dry pond by her house outside of Mansfield, La, Wednesday, March 2, 2011. She and her husband Dennis expanded the pre-existing pond to capture more water to sell to the fracking projects in the area. "We have some leases for gas," she said. "I've gotten one check for $30, but we're doing OK with the water."
TED JACKSON / THE TIMES-PICAYUNE Glen Donahue, left and Maurice Williamson boil up some shrimp over an open fire pit at the New Rockdale RV Radio Shop RV Park in Mansfield, La, Wednesday, March 2, 2011. The men have lived in the campsite for years now, working as pipeline welders in the new gas economy around Mansfield.
TED JACKSON / THE TIMES-PICAYUNE Gary Soneit of Nabor Drilling uses a flashlight to work on a pump that's sending water from a farmer's pond to a fracking job miles away outside of Mansfield, La, Wednesday, March 2, 2011.
TED JACKSON / THE TIMES-PICAYUNE As dusk falls, four lighted wells are clustered together shine like beacons in the darkness just north of Mansfield, La. Thursday, March 3, 2011 serving as a startling example of how many wells are being drilled in the area. After gas was discovered in the shale formations thousands of feet below Northwest Louisiana, energy companies worked hard to find ways to extract it for a profit. The landowners of the area became the beneficiaries when the gas companies came knocking on their doors to buy their leases with a new process called fracking. Now the landowners are becoming millionaires in and around the tiny towns of Mansfield.
TED JACKSON / THE TIMES-PICAYUNE Workers take a short break near the trucks loaded with chemicals that will be mixed with the water and sand and pumped down the well at a Chesapeake fracking site about 16 miles outside of Mansfield, La Thursday, March 3, 2011.
TED JACKSON / THE TIMES-PICAYUNE Four wells are clustered together just north of Mansfield, La. Thursday, March 3, 2011 serving as a startling example of how many wells are being drilled in the area. After gas was discovered in the shale formations thousands of feet below Northwest Louisiana, energy companies worked hard to find ways to extract it for a profit. The landowners of the area became the beneficiaries when the gas companies came knocking on their doors to buy their leases with a new process called fracking. Now the landowners are becoming millionaires in and around the tiny towns of Mansfield.
TED JACKSON / THE TIMES-PICAYUNE Just on the edge of a working farm, a fracking operation continues at a site 13 miles from Mansfield, La. On this site, 20 high pressure pump trucks line up to supply the pressure to force the water, sand and chemical mixture down the well, Thursday, March 3, 2011. One of the environmental concerns is that the spent water from the fracking process could leak from the containment and poison farm animals.
Canada's Encana Corp. has agreed to sell all of its natural gas assets in the Haynesville area in northwest Louisiana to a joint venture for $850 million, The Wall Street Journal reports.
The report says the sale comes as falling oil prices hit the Canadian oil patch. Encana said it will use the proceeds to pay down debt.
The buyer is a joint venture formed by GeoSouthern Haynesville LP and funds managed by GSO Capital Partners LP, the report says.
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