Bankers targets unconventional gas in Palo Duro basin

10/23/2006
Finding the right hydraulic fracturing method is key for unlocking the unconventional gas resources contained in the Lower Pennsylvanian Bend group sands and shales of the Palo Duro basin in West Texas.One company trying to exploit this potential is Bankers Petroleum Ltd., a Calgary-based oil and gas exploration and production company.The company has acquired under lease about 260,000 net acres from Vintage Petroleum LLC and plans to increase this to 300,000 net acres.Palo Duro basinThe Palo Duro basin is about 260 miles northwest of the Fort Worth basin Barnett shale play. Improved fracture stimulation technologies transformed the Barnett shale into the largest producing natural gas fiel...
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