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 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.

Oneok to expand operations in the Williston

Nov 20, 2013

Oneok Partners LP, Tulsa, will invest $650-780 million between now and second-quarter 2016 in more Williston basin projects.

BARNETT SHALE MODEL-2 (Conclusion): Barnett study determines full-field reserves, production forecast

Sep 2, 2013

A comprehensive, integrated study of the reserve and production potential of the Barnett shale integrates engineering, geology, and economics into a numerical model that allows for scenario testing based on several technical and economic parameters.

BARNETT SHALE MODEL-1: Study develops decline analysis, geologic parameters for reserves, production forecast

Aug 5, 2013

A comprehensive study of the reserve and production potential of the Barnett shale integrates engineering, geology, and economics into a numerical model that allows for scenario testing based on several technical and economic parameters.

UT study forecasts reliable supply from Barnett shale through 2030

Mar 11, 2013

A new study of the Barnett shale foresees reliable supply with slowly declining production through the year 2030, said the Bureau of Economic Geology (BEG) at the University of Texas at Austin and financed by the Alfred P. Sloan Foundation, a New York philanthropic grant-making institution.

UT study forecasts reliable supply from Barnett shale through 2030

Feb 28, 2013

A new study of the Barnett shale foresees reliable supply with slowly declining production through the year 2030, said the Bureau of Economic Geology (BEG) at the University of Texas at Austin and financed by the Alfred P. Sloan Foundation, a New York philanthropic grant-making institution.

PNR discontinues divesting Barnett shale properties

Jan 30, 2013

Pioneer Natural Resources Co. (PNR) discontinued efforts to divest its properties in the Barnett shale saying that several bids were received during December but none matched the value PNR places on the assets.

Midstream Copano to complement KMEP’s larger operations

Jan 30, 2013

Kinder Morgan Energy Partners LP (KMEP), Houston, will purchase Copano Energy LLC, also of Houston, for about $5 billion.

Accenture: US shale gas operations offers lessons for other countries

Jan 3, 2013

Countries embarking on shale gas development worldwide stand to benefit from lessons learned in US shale gas operations and water management, according to a recent report from Accenture.

Marble Falls yields Jack County's most productive well

Nov 5, 2012

The early Pennsylvanian Marble Falls formation has recently been determined to be a fractured carbonate reservoir much like the famous Barnett shale.

Marble Falls horizontal oil play developing in Fort Worth basin

Nov 5, 2012

At about the time in the mid-20th century that the Fort Worth basin of North Central Texas was being abandoned by the major oil companies as a worn-out backwater area, a young man named George Mitchell began drilling there for Pennsylvanian-age Atokan (aka Boonesville Bend) sandstones and conglomerates.

Total content for now with US shale holdings

Sep 26, 2012

Total SA has no plans to make any more US shale acquisitions, at least for now, because the French oil and gas company already is satisfied with its international shale oil and gas holdings, executives said.

Pioneer Natural Resources to sell Barnett shale assets

Sep 18, 2012

Pioneer Natural Resources Co. expects to open a data room in October in its efforts to sell its assets in the Barnett shale, where Pioneer has operated since 2007.

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