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

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.

Fruitland to Barnett to…

Oct 25, 2010 Have all of the large shale gas and oil fields in the US been found, as one chief executive officer claimed in mid-October?

Opening gas markets

Oct 25, 2010 Suddenly, US producers of oil and gas have to worry about market development.

OGJ Newsletter

Oct 18, 2010

Oklahoma Woodford shale gas plants, gathering change hands

Oct 11, 2010

Cardinal Midstream LLC, Dallas, will pay $268 million to Antero Resources LLC, Denver, for natural gas midstream processing and gathering in eastern Oklahoma’s Arkoma Woodford shale.

OGJ Newsletter

Oct 11, 2010

TransAtlantic pursues Thrace unconventionals

Oct 4, 2010 TransAtlantic Petroleum Ltd., Dallas, is in the midst of a push to examine shallow and deep gas potential in conventional and unconventional formations in northwestern Turkey's Thrace basin.

Antero to sell Oklahoma midstream assets

Oct 1, 2010

Antero Resources, Denver, has entered definitive agreements to sell its midstream assets in the Woodford shale area of the Arkoma basin in Oklahoma to affiliates of Cardinal Midstream LLC for $268 million cash.

SERVICES | SUPPLIERS

Sep 6, 2010

OGJ Newsletter

Aug 2, 2010 International news for oil and gas professionals

OGJ Newsletter

Jul 19, 2010

Amerisur eyes seismic in Paraguay's Parana basin

Jul 12, 2010 Amerisur Resources PLC, Cardiff, UK, said it may shoot seismic on the 8,000-sq km San Pedro block in the Parana basin in Paraguay in 2010 subject to service company availability.

Continental Resources increases capital budget

Jul 10, 2010

Continental Resources Inc. increased its capital expenditure budget to $1.3 billion from $850 million to accelerate its drilling program and to increase its acreage positions in US shale plays, the company said July 9.

Shale gas changes N. American gas production projections

Jul 1, 2010 Estimates of ultimate gas recovery from shales have changed the outlook for gas production in the US and Canada.

Oneok to invest in Bakken, Woodford shale projects

May 3, 2010 Oneok Partners LP, Tulsa, will invest $405-470 million through yearend 2011 to expand gathering and processing in the Bakken shale in the Williston basin in North Dakota and the Woodford shale in Oklahoma.

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