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

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.

Well tests near in western Idaho's Boise basin

May 3, 2010 Calgary independents Bridge Resources Corp. and Paramax Resources Ltd. have completed a third indicated discovery in western Idaho's nonproducing Boise basin and expect to start completion of the first well in May.

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.

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.

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.

GULF MARGINAL PRODUCTION—2: Model identifies marginal structures, future output

Dec 14, 2009 All producing properties are unique and have costs and benefits specific to each stage of its life cycle.

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.

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.

OGJ Newsletter

Oct 19, 2009

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.

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