Barnett shale area expansion expected in 2005

03/07/2005
The Newark East (Barnett shale) field, in Texas Gas District 9, is one of the few prorated gas fields in the state. According to the Texas Railroad Commission, announcing new production allowables for February 2005, gas well gas from prorated fields accounts for only 7% of total gas well production in Texas.The core area of the Barnett shale play is in Wise, Denton, and Tarrant counties in North Texas. Operators have leased acreage in at least eight additional counties in hopes of expanding development of the play, known for its high margins and high returns.XTO EnergyOn Jan. 11, 2005, Fort Worth-based XTO Energy Inc. announced that it would acquire the Barnett shale assets of privately h...
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