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

EIA: US reserves additions outpaced production in 2001

Oct 14, 2002 The Energy Information Administration said US crude oil and natural gas proved reserves increased in 2001, replacing production by substantial margins.

Worldwide reserves increase as production holds steady

Dec 23, 2002 Worldwide oil and gas reserves estimates have surged from a year ago. This is due to revisions and new data related to many countries' reserves figures. The biggest change is in the oil reserves figure now listed for Canada.

New York Devonian black shale: A Barnett-like play in waiting

Jan 13, 2003 Since the inception of oil and gas exploration in New York, geologists have speculated on the potential of the fractured Upper and Middle Devonian shale/siltstone of the Appalachian basin.

Drilling outlook is for deline un US, steady gain in Canada

Jan 27, 2003

OGJ Newsletter

Feb 24, 2003 Substantially reduced output and cold weather in the Northern Hemisphere have exacerbated the effects of tight supplies of oil and products, but the International Energy Agency reported that worldwide oil output increased in January after a steep decline in December.

US onshore industry bustles with high prices, decline legacy

May 12, 2003 Relatively high gas and oil prices are exerting more punch into US onshore exploration and development.

Industry seeks Anadarko factor in rig count

Sep 8, 2003 The US rig count plunge during the first week of August—the biggest 1-week loss since early November 2002—prompted questions as to what part, if any, Houston-based Anadarko Petroleum Corp. may have played in that fall.

Personnel Moves & Promotions: Citgo executive and two PDVSA directors joining Citgo board

Sep 15, 2003 Citgo Petroleum Corp., Tulsa, has elected Citgo Executive Vice-Pres. Antonio Rivero to the board along with Nelson Martínez and Dester Rodríguez, both on the Petróleos de Venezuela SA board.

Point of View - Devon Energy puts early focus on long-term strategy

Sep 22, 2003 Devon Energy Corp., Oklahoma City, has grown through a series of mergers to become the largest US independent oil and natural gas company, with 650,000 boe/d of oil and gas production and an enterprise value of $20 billion.

Services/Suppliers

Jan 8, 2007

SPECIAL REPORT: Lower drilling growth seen in US, drop in Canada

Jan 15, 2007 Price uncertainty, especially for gas, overshadows the forecast for US and Canadian drilling in 2007.

SPECIAL REPORT: Water issues overshadow Powder River coal gas play

Jan 22, 2007 Wyoming’s Powder River basin coalbed methane development began its third decade in 2006 with vast gas potential and environmental challenges.

Newark basin log data indicate big gas potential in Pennsylvania, New Jersey

Feb 12, 2007 Exploration geologists have expressed an interest in the hydrocarbon potential of the Mesozoic basins of eastern North America in the last three decades.

SPECIAL REPORT: 2007 construction lags 2006, but more projects lie ahead

Feb 19, 2007 Planned pipeline construction to be completed in 2007 slipped nearly 13% from the previous year, driven by the 2006 completion of large crude pipelines.

Area Drilling

Feb 19, 2007
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