Woodford Shale

Woodford Shale ImageLocated in southeastern Oklahoma, the Woodford shale play has been drilled for about 10 years. Only the Barnett shale in Texas has been producing natural gas longer than the Woodford shale. Devon Energy drilled the first well into the Woodford shale formation in 2005, and since then numerous petroleum companies have acquired acreage and launched their own drilling programs. Current estimates are that the Woodford shale holds approximately 4 tcf of natural gas.

Of the numerous companies drilling in the Woodford shale, Houston-based Newfield Exploration and Oklahoma City-based Devon are the largest producers. Both companies have sold off much of their offshore assets in the Gulf of Mexico and elsewhere in order to focus their attention on unconventional resources such as the Woodford and other shale plays

Woodford Shale Map

Woodford Shale News

Baker Hughes: US drilling rig count dips to 1,771

Feb 7, 2014

The US drilling rig count fell 14 units to 1,771 rigs working during the week ended Feb. 7, Baker Hughes Inc. reported.

US land, oil drilling dips to 1,757 units in latest rig count report

Dec 27, 2013

Rigs drilling on land and for oil took the biggest hit in the latest US drilling rig count report, released by Baker Hughes Inc.

Baker Hughes: US drilling rig count drops to 1,768

Dec 20, 2013

The US drilling rig count relinquished 14 units to settle at 1,768 rigs working in the week ended Dec. 20, Baker Hughes Inc. reported.

Marathon to ramp up US resource play activity

Dec 11, 2013

Marathon Oil Corp. plans to accelerate its US resource play activity and market its North Sea assets in 2014, the company said at its analyst day in New York.

PostRock to acquire central Oklahoma properties

Oct 15, 2013

PostRock Energy Corp., Oklahoma City, will acquire 22,000 net acres of leasehold in central Oklahoma that has current oil production and more than 10 million bbl of oil equivalent of potential in multiple reservoirs including the Woodford shale.

XTO to buy BNK's Oklahoma Woodford shale gas assets

Mar 17, 2013

ExxonMobil Corp.’s XTO Energy Inc. subsidiary will buy Woodford shale gas assets in Tishomingo field in south-central Oklahoma from BNK Petroleum Inc., Camarillo, Calif., for $147.5 million.

Midstream Copano to complement KMEP’s larger operations

Jan 30, 2013

Kinder Morgan Energy Partners LP (KMEP), Houston, will purchase Copano Energy LLC, also of Houston, for about $5 billion.

Continental eyes Woodford, other southern Oklahoma plays

Nov 12, 2012

The Woodford shale in southwest-central Oklahoma is a largely undeveloped oil and gas formation with at least several billion bbl of liquids recoverable, Continental Resources Inc. said Oct. 9.

Continental eyes Woodford, other southern Oklahoma plays

Oct 10, 2012

The Devonian Woodford shale in southwest-central Oklahoma is a largely undeveloped oil and gas formation with at least several billion bbl of liquids recoverable, Continental Resources Inc. said Oct. 9.

Oklahoma: Mesa adds to Mississippi lime position

Sep 5, 2012

Mesa Energy Holdings Inc., Dallas, has leased 1,525 net acres in Garfield and Major counties, Okla., bringing its total position to 3,245 net acres in the Mississippi lime play.

Vanguard Natural Resources to buy Arkoma basin assets

Jun 5, 2012

Houston independent Vanguard Natural Resources LLC agreed to acquire natural gas and associated liquids assets in the Woodford shale and Fayetteville shale of the Arkoma basin for $445 million from Antero Resources, Denver.

Devon to expand Woodford shale gas plant

Feb 17, 2012

Devon Gas Services LP, Norman, Okla., has awarded a construction contract to KBR, Houston, to expand Devon’s 200-MMcfd gas processing plant in Canadian County, Okla.

Shales not yet a big factor in New Mexico gas

Feb 9, 2012

New Mexico remains an important gas producing state, but shale gas exploration and production have been minimal, says an article by the New Mexico Bureau of Geology and Mineral Resources at New Mexico Tech in Socorro.

Oklahoma: Southeast Cana well tests gas, oil

Dec 20, 2011

The Continental Resources Inc. Lyle 1-30H step-out and confirmation well in the Cana Woodford horizontal drilling play of Oklahoma flowed at rates of 7.1 MMcfd of natural gas and 325 b/d of oil during a 1-day test.

Oklahoma: Haskell Woodford project deemphasized

Nov 9, 2011

Evolution Petroleum Corp., Houston, will continue its lower emphasis on a mid-depth Woodford shale gas project in eastern Oklahoma until natural gas prices enable it to achieve targeted economics.

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