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

Area Drilling

Jun 21, 1999 Red Sea Oil Corp. and Lundin Oil AB plan to start production from En Naga North and West fields on NC 177 in the southern Sirte basin within 12 months after approval of a development plan. The firms filed the plan with a management committee controlled by Libyan National Oil Co. Peak production is estimated at 22,000 b/d 24 months after start-up (OGJ, Dec. 14, 1998, p. 88). The firms will continue exploring the block using $43.6 million (Canadian) raised in a rights offering, with C1-NC 177 to

Mitchell hikes Barnett shale reserves, Fort Worth basin output in N. Texas

Sep 27, 1999 Mitchell Energy & Development Corp., The Woodlands, Tex., is quickening recompletion and drilling programs aimed at gas in low permeability Mississippian Barnett shale in the Fort Worth basin in North Texas.

Area Drilling

Jan 3, 2000 An ARCO group is drilling Semhari East-1 on the 788,000 acre Hassi Bir Rekaiz block in the northern Ghadames basin 60 miles northeast of giant Rhourde el Baguel oil field.

Area Drilling

Mar 20, 2000 Mera Petroleums Inc. and Millennium Energy Inc., Calgary, began reviewing seismic data on the 332,800-acre Salinas block in the Guajira basin granted under new fiscal terms.

Waterfracs prove successful in some Texas basins

Mar 20, 2000 Several operators have found that waterfracs with minimal proppants effectively stimulate low-permeability gas formations in several Texas basins.

Operators detail upstream spending plans

May 8, 2000 With the rebound in oil and gas prices, US companies are continuing to increase spending for upstream operations for the coming year.

Mitchell opts to go it alone as niche gas player

Aug 28, 2000 Unlike many other US independent producers these days, Mitchell Energy & Development Corp., The Woodlands, Tex., has resisted the urge to merge and has decided to go it alone as a niche player in the US natural gas market.

OGJ Newsletter

Sep 11, 2000 $5/Mcf gas looms as US heat wave hampers gas injection
The surge in US cooling load demand as temperatures routinely topped 100° F. across much of the Sun Belt last week has weakened natural gas storage injections at a time when the pace of storage refill needs to remain robust if the Nov. 1 heating season onset target of 3 tcf is to be met.

Worldwide E&P spending expected to jump sharply in 2001

Jan 8, 2001 Worldwide spending on exploration and production of oil and natural gas will jump more than 19% next year, based on what Lehman Bros. called "the largest, most comprehensive study ever" of capital spending plans by independent and integrated operators.

Services/Suppliers

Feb 12, 2001 Houston, have announced a partnership whereby PDI's consulting expertise is combined with GeoQuest's Merak software to present a complete risk analysis, portfolio optimization, and planning solution for the oil and gas industry.

Services/Suppliers

May 14, 2001 Houston, has named Barbara L. Thompson director of business development.

New data, old story: US, Canada continue to dominate world's gas processing

Jun 25, 2001 Strong energy prices and demand worldwide in 2000 buoyed worldwide gas processing, cushioning processors from high natural gas prices with higher liquids prices.

OGJ Newsletter

Jul 1, 2002 As anticipated, the Organization of Petroleum Exporting Countries decided last week to keep its current oil production quota through September. OPEC members called for cooperation from other producers in curbing crude supplies "to minimize price volatility and maintain market stability."

Devon pressing Barnett shale exploitation, expanding search

Jul 15, 2002 A large US independent is exploiting a substantial gas resource in the Mississippian Barnett shale in the Fort Worth basin.

US reserve additions hum

Oct 7, 2002 Operators' stellar performance in more than replacing US production in 2001 revealed some interesting differences with respect to gaseous and liquid hydrocarbons.
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