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

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.

OGJ Newsletter

Dec 14, 2009

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.

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.

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).

OGJ Newsletter

Nov 16, 2009

Denbury-Encore merger to test CO2-oil synergies

Nov 9, 2009 The production-sequestration synergies of crude oil and carbon dioxide will receive a new test under a $4.5 billion acquisition by Denbury Resources Inc. of Encore Acquisition Co.

SEC rules might have meant US oil reserves hike

Nov 9, 2009 Proved US crude oil reserves fell by more than 10% in 2008, but there would likely have been a smaller drop or perhaps even an increase under new Securities and Exchange Commission rules.

OGJ Newsletter

Nov 2, 2009

New plays emerge, although environmental issues arise

Oct 19, 2009 New shale plays continue to emerge in North America and elsewhere, but issues related to the environment and land will affect commercial shale development.

Special Report: Gas Shale—2: Lessons learned help optimize development

Oct 5, 2009 Exploring for resource quality, building advanced technological capability, pursuing improved performance and cost efficiencies, and adopting high-value entry strategies are some factors leading to successful exploitation of gas shales.

Special Report: GAS SHALE—1: Seven plays dominate North America activity

Sep 28, 2009 Seven shale plays dominate today's North America natural gas potential reserves additions and production increases.

Special Report: Understanding process key to shale gas development

Sep 28, 2009 Making hydrocarbon production from shales a profitable venture requires a process for driving down overall costs.
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