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

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.

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.

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.

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

Oct 19, 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.

BLM begins scoping period for EOG Uinta gas project

Sep 21, 2009 A 30-day public scoping period for a large natural gas infill project proposed by EOG Resources Inc., Houston, in eastern Utah began on Sept. 9, the US Bureau of Land Management's Vernal, Utah, field office announced.

EnCana banking heavily on unconventional gas, oil

Jun 15, 2009 Unconventional gas and oil plays represent the future for EnCana Corp. and the North American oil and gas industry, EnCana said May 27.

Producers wary as Colorado oil, gas rules become law

May 11, 2009 Colorado Gov. Bill Ritter Jr. said that new oil and gas regulations would allow the industry to grow in a sustainable way compatible with the state’s economy as he signed them into law on Apr. 22.

Peru inks 13 exploration agreements with IOCs

May 4, 2009 Peru’s state-owned Perupetro, recovering from earlier scandals connected with the awarding of exploration licenses, has signed 13 new contracts valued at $650 million with international oil companies.

OGJ Newsletter

Apr 20, 2009

New tool determines reserves of mature oil and gas fields

Mar 23, 2009 There are many reasons—economic, preaudits, strategic planning for enhanced recovery, among others—that call for the size or ultimate reserves of an oil or gas field to be estimated.

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