Oil and gas still flowing in East Texas
by Jamaal E. O’Neal
CARTHAGE — Carthage Economic Development Corp. President Charles Thomas said he’s bullish about gas production in Panola County.
“We’ve seen some rigs pull out, but we’re still bucking the trend, and with the Haynesville Shale, we’re all excited about the area’s future drilling prospects,” Thomas said.
Some oil and gas experts, however, warn that the area could experience a production decline and a rise in unemployment as oil and gas explorers begin to halt drilling projects.