Barnett Shale

Barnett Shale Description Image

The Barnett shale in north-central Texas lies in the Fort Worth Basin. Discovered in the 1950s, the Barnett was not commercially viable until the 1980s. Some geologists believe the formation could hold 30 trillion cubic feet of natural gas. A significant part of the drilling has occurred in the Fort Worth metro area, and Chesapeake Energy actually secured rights to drill beneath the Dallas-Fort Worth International Airport.

Drilling in the Barnett shale intensified in the past decade as modern horizontal drilling and hydraulic fracturing techniques were perfected for drilling in shale. Devon Energy, Chesapeake Energy, XTO Energy, and EOG Resources are among the larger players in the Barnett shale. Two years ago, 70% of all US gas shale production came from the Barnett, but that percentage of the total has been declining as production has risen in other plays.

Barnett Shale Map

Barnett Shale News

Baker Hughes: US drilling rig count inches up to 1,875

Jul 11, 2014

The US drilling rig count reflected another uneventful week, again edging up only 1 unit to reach 1,875 rigs working during the week ended July 11, Baker Hughes Inc. reported.

KKR, Riverstone to form Barnett-focused Trinity River Energy

Jul 9, 2014

Kohlberg Kravis Roberts & Co. LP (KKR) and Riverstone Holdings LLC have signed a definitive agreement to combine the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC, a Riverstone company, to create a Fort Worth-based oil and gas company named Trinity River Energy LLC.

ICF: US needs ethane export capacity to sustain shale gas boom

Jun 25, 2014

Greater investment in infrastructure is needed to ensure that rising NGL production in the US can reach international markets. Without it, a glut will form, placing downward pressure on prices and eroding the economics of shale gas drilling.

Williams to buy Access Midstream Partners

Jun 16, 2014

Williams, Tulsa, has agreed to acquire the 50% general partner interest it doesn’t now own in Access Midstream Partners LP, Oklahoma City, along with limited partnership units raising its stake to 50% from Global Infrastructures Partners II for $5.995 billion cash.

Baker Hughes: US drilling rig count decreases to 1,860

Jun 6, 2014

The US drilling rig count dropped 6 units to 1,860 rigs working during the week ended June 6, Baker Hughes Inc. reported.

Baker Hughes: US drilling rig count declines to 1,857

May 23, 2014

The US drilling rig count dropped 4 units to 1,857 rigs working during the week ended May 23, Baker Hughes Inc. reported.

US gas reserve growth in 2013 was robust, AGA estimates

Apr 17, 2014

US natural gas producers added more than 35 tcf of reserves in 2013, the American Gas Association said in its latest annual preliminary estimate based on reported results by the 30 largest companies representing more than half of the total US production and reserves.

Proved reserves of US crude oil reach 36-year high in 2012

Apr 10, 2014

US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.

Baker Hughes: US drilling rig count jumps to 1,809

Mar 14, 2014

The US drilling rig count increased 17 units to 1,809 rigs working during the week ended Mar. 14, Baker Hughes Inc. reported. The 40-unit rise over the past 2 weeks has enabled the US the eclipse the 1,800 mark for the first time since December 2012.

Devon, Crosstex complete merger of midstream assets

Mar 7, 2014

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

Apache fracs Wolfcamp wells without fresh water in dry Barnhart project area

Feb 11, 2014

At a site in drought-stricken West Texas, Apache Corp. has devised a system to hydraulically fracture wells in the prolific Wolfcamp shale without using fresh water.

Baker Hughes: US drilling rig count climbs to 1,785

Jan 31, 2014

The US drilling rig count gained 8 units to reach 1,785 rigs working during the week ended Jan. 31, Baker Hughes Inc. reported.

Baker Hughes: US drilling rig count jumps to 1,777

Jan 17, 2014

Land rigs accounted entirely for the sharp 23-unit increase in the US drilling rig count during the week ended Jan. 17, Baker Hughes Inc. reported. The US now has 1,777 rigs working.

EIA: Global oil demand to rise 1.2 million b/d in 2014

Jan 8, 2014

Global liquid fuels consumption is forecast to increase by 1.2 million b/d in 2014 and by another 1.4 million b/d in 2015, according to the US Energy Information Administration’s Short-Term Energy Outlook (STEO), released this month.

Study develops Fayetteville shale reserves, production forecast

Jan 6, 2014

A study of reserve and production potential for the Fayetteville shale in north central Arkansas, forecasts a cumulative 18 tcf of economically recoverable reserves by 2050, with production declining to about 400 bcf/year by 2030 from the current peak of about 950 bcf/year.

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