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

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.

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

Worldwide oil, natural gas deal value plunges

Mar 23, 2009 The total transaction value for worldwide upstream corporate and asset deals plunged to $104 billion in 2008 compared with an annual average of nearly $160 billion during 2005-07, consultants said in an annual report.

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.

Total signs agreement on Libyan blocks

Feb 23, 2009 Total SA will convert its petroleum agreements with Libya’s National Oil Corp.

Equation aids early estimation of gas field production potential

Feb 9, 2009 Natural gas is the world’s fastest growing fossil energy source, contributing 287 bcfd or roughly 50 million b/d of oil equivalent oil.

Unconventional resources to keep pivotal supply role

Jan 26, 2009 For the past several years, leading major oil companies and independent producers have believed unconventional resources to be key elements of future energy supply.

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