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

Kinder Morgan to acquire El Paso in $38 billion deal

Oct 17, 2011

Kinder Morgan Inc. reported it will acquire all outstanding shares of El Paso Corp. in a transaction creating the largest midstream and the fourth-largest energy company in North America, with an enterprise value of $94 billion and 80,000 miles of pipelines, the companies said. The total purchase price, including assumption of debt outstanding at El Paso and debt outstanding at El Paso Pipeline Partners LP (EPB), is $38 billion.

Enterprise, Enbridge, Anadarko plan Texas Express NGL pipeline

Sep 6, 2011

Enterprise Products Partners LP, Enbridge Energy Partners LP, and Anadarko Petroleum Corp. have agreed to design and build an 850-mile natural gas liquids pipeline that extends from Skellytown, Tex., to fractionation and storage facilities in Mont Belvieu, Tex.

Encana to divest Barnett shale properties

Aug 25, 2011

Encana Corp.’s US subsidiary will divest its Fort Worth basin Barnett shale producing and midstream assets by early 2012.

Realm Energy names exploration vice-president

Jul 13, 2011

Realm Energy International Corp., White Rock, BC, named Lindell C. Bridges as vice-president, exploration.

Oneok to build NGL pipeline, fractionator

May 3, 2011

Oneok Partners LP, Tulsa, will invest between $910 million and $1.2 billion to build out its NGL infrastructure along the Texas Gulf Coast.

Chesapeake to buy Bronco Drilling in $315 million deal

Apr 15, 2011

Oklahoma City independent Chesapeake Energy Corp. has entered into a definitive agreement with Bronco Drilling Co. Inc. to acquire the Edmond, Okla.-based drilling contractor in a deal worth $315 million, including debt, net working capital, and outstanding warrants.

Crosstex completes Texas gas, Louisiana NGL expansions

Apr 7, 2011

Crosstex Energy LP has completed two expansion projects on its natural gas gathering system in the Barnett shale in North Texas. Crosstex also reactivated its Eunice natural gas liquids fractionator in south-central Louisiana.

Midstream JV to spend nearly $2 billion for assets

Mar 23, 2011

Energy Transfer Partners LP and Regency Energy Partners LP, both of Dallas, have formed a joint venture to buy LDH Energy Asset Holdings LLC from Louis Dreyfus Highbridge Energy LLC for $1.925 billion.

Crestwood to buy midstream assets, add plant

Feb 24, 2011

Crestwood Midstream Partners LP, Houston, plans to build a gas processing plant to expand midstream properties it has agreed to buy in the Texas Panhandle from Frontier Gas Services LLC, Tulsa, in a deal that includes assets in the Fayetteville shale in Arkansas.

OGJ Newsletter

Dec 27, 2010

Shale gas supply expected to keep US prices low in 2011

Dec 13, 2010 While another year of price distress awaits US producers of natural gas from shale reservoirs, technology has lowered breakeven thresholds of important plays, speakers said at an industry conference in Houston.

Range Resources responds to EPA

Dec 9, 2010

Range Resources Corp.’s activities have not had any impact on the water aquifer in southern Parker County, Tex., the company said in a news release regarding the US Environmental Protection Agency's expressed concerns about possible natural gas migration.

OGJ Newsletter

Nov 29, 2010 International News for Oil and Gas professionals

EOG to continue selling certain natural gas assets

Nov 15, 2010 Houston independent EOG Resources Inc. plans to continue its strategy of selling certain natural gas assets going into 2011 after a comparison of its inventory of liquids-rich drilling opportunities against depressed gas prices, said Mark G. Papa, chairman and chief executive officer.

OGJ Newsletter

Nov 8, 2010
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