Triangle Petroleum, Kerogen Resources drilling Arkansas’ Fayetteville shale gas

Calgary’s Triangle Petroleum Corp. and Houston’s Kerogen Resources Inc. have begun drilling Arkansas’ Fayetteville shale. The partners equally share in a joint venture to explore 17,000 gross acres in Conway and Faulkner counties.The Fayetteville shale in the Arkoma basin is touted as the geologic equivalent of the prolific Barnett shale found in the Fort Worth basin.Triangle and Kerogen shot a 3D seismic program covering 12 sq miles in Conway County, Arkansas, in spring 2007, have drilled their first vertical test well, and plan to drill four more wells through the end of the year. The companies will use horizontal wells and multistage fracture stimulation to develop th...

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