Big Oil/Gas Funds Chippewa Falls
EOG Resources, formerly Enron Oil and Gas Corporation, has purchased 80 acres of land in the city of Chippewa Falls that was formerly owned by Canadian Sand & Proppants, Inc. EOG has contracted with Canadian Sand and Proppants, Inc. to build and operate a sand processing plant in the city of Chippewa Falls. EOG (Energy Opportunity and Growth) has also purchased the leases for sand mining in the Town of Howard.
EOG Resources, Inc. is one of the largest independent oil and natural gas companies in the United States. It broke off from Enron shortly before the scandal which sent Ken Lay and other executives of Enron to jail. Its main address is 421 West Third Street, Suite 150, Fort Worth, Texas 76102.
Approximately 75 percent of EOG’s reserves on a natural gas equivalent basis are located in the United States. The other locations are Canada (16%) and Trinidad (9%). The silica sand mined from Chippewa County and other counties to the north will be used for its own hydraulic fracturing. One slide on EOG’s website states, “If you don’t frac it, it won’t produce.” All of it will come to the City of Chippewa Falls to be cleaned and fractured. In the 2009 annual report to its stockholders, EOG states “its business strategy is to maximize the rate of return on investment of capital by controlling operating and capital costs. According to Newsweek, EOG has made only general statements about reducing operation greenhouse emissions (Chippewa Herald 5/27/10).
Other stories involve EOG flaring a well in Johnson City, Texas. This flaring nonstop from 3/31/10 release toxins and causes acid rain. Johnson County residents are also complaining of the noise from an EOG compressor station. In Pennyslvania EOG leaked drilling fuel into a nearby spring, and there was a chemical spill nearby which leaked into trout streams.
EOG/CSP will take the sand through strip mining, creating deep quarries, and taking any other natural resources found in their quest for capital. In the process, they’ll flatten our rolling hills of Wisconsin, ruin our roads, cause property values to decrease, and threaten our water table and our air.
More detailed information may be found on the following websites and in the Chippewa Herald of 5/27/10: