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

OTC: Davidson traces route from 'impossible' to 'reality'

May 4, 2010

With perseverance and technology, the oil and gas industry advances by turning ideas once deemed impossible into reality, Chuck Davidson, chairman and chief executive officer of Noble Energy Inc., told a luncheon audience May 4 at the Offshore Technology Conference.

Special Report: LNG Update: US gas market well-supplied: LNG or shale gas?

Mar 15, 2010 Expanding natural gas production from indigenous sources poses the most serious threat to imports of natural gas as LNG into North America, primarily the US.

Equipment/Software/Literature

Mar 1, 2010

Chesapeake cements position in six onshore US gas plays

Mar 1, 2010 The Texas Panhandle and Oklahoma Granite Wash plays are Chesapeake's highest and second highest rate-of-return plays due to high oil and natural gas liquids content.

Three-company group gets blocks off Uruguay

Feb 22, 2010 A three-company group has signed an agreement with Uruguay's state ANCAP, Montevideo, to explore two blocks on the Uruguayan continental shelf.

DRILLING MARKET FOCUS: Drillers cautiously optimistic about climbing oil prices

Feb 15, 2010 Drilling contractors expressed cautious optimism early this year upon strengthening oil prices while many exploration and drilling companies announced 2010 budgets calling for more exploration and development than in 2009.

Marcellus shale fight continues in New York

Jan 25, 2010 Chesapeake Energy Corp. has warned that new rules proposed by New York regulators over shale gas drilling already are unnecessarily onerous and may deprive New York of badly needed revenue by scaring off energy firms.

OGJ Newsletter

Jan 25, 2010

Denbury completes Barnett shale sale

Jan 5, 2010

Denbury Resources Inc. has completed the sale of a 40% working interest in Barnett shale properties to Talon Oil & Gas LLC for $210 million.

Total, Chesapeake announce Barnett shale joint venture

Jan 4, 2010

Chesapeake Energy Corp. announced a $2.25 billion joint venture agreement with Total E&P USA Inc. in which Total will acquire a 25% interest in Chesapeake’s upstream Barnett shale assets.

Record Barnett HC content seen in combo play

Dec 14, 2009 Hydrocarbon content in the thickest part of the Mississippian Barnett shale combo play in North Texas is so great that even 2-3% recovery is highly economic, said EOG Resources Inc., Houston.

API, IPAA: White House overlooking oil industry's job-creation potential

Dec 14, 2009 The American Petroleum Institute's two top officials expressed concern over the White House's apparent omission from its Dec. 3 jobs forum of chief executives from the oil and gas industry.

Special Report: Canada looks to shales for boost to gas supply

Dec 14, 2009 Natural gas from shale formations represents a potentially crucial source of supply growth in Canada, where production from conventional reservoirs is declining in a trend likely to continue.

OGJ Newsletter

Dec 14, 2009

Special Report: Construction survey shows delay in completion dates

Nov 16, 2009 Oil & Gas Journal's semiannual Worldwide Construction Update shows a decline in construction activity compared with the previous edition of the update (OGJ, Apr. 6, 2009, p. 22).
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