Kuwait's Aref Energy says JV finds gas in Texas

by This email address is being protected from spam bots, you need Javascript enabled to view it on Monday, 15 December 2008

TEN-GALLON HAT COUNTRY: Kuwait's Aref said it had found gas in DeWitt County, Texas. (Getty Images)

Kuwait's Aref Energy said its joint venture in Texas had found recoverable reserves of 4.75 trillion cubic feet of natural gas, the state news agency KUNA reported on Sunday.

US firm Halliburton was taking measures towards beginning production in early 2009 at the Texas project, in which Aref holds a 50 percent share, the agency said, without giving further details of the joint venture.

In 2007, Aref set up DeWitt Tract Co, a fully-owned unit with a 50 percent share in a 20-year oil and gas drilling and production concession in 75,000 acres of land in DeWitt County, Texas, according to the Kuwaiti company's website. (Reuters)