Barnett Shale
The Barnett shale in north-central Texas lies in the Fort Worth Basin. Discovered in the 1950s, the Barnett was not commercially viable until the 1980s. Some geologists believe the formation could hold 30 trillion cubic feet of natural gas. A significant part of the drilling has occurred in the Fort Worth metro area, and Chesapeake Energy actually secured rights to drill beneath the Dallas-Fort Worth International Airport.
Drilling in the Barnett shale intensified in the past decade as modern horizontal drilling and hydraulic fracturing techniques were perfected for drilling in shale. Devon Energy, Chesapeake Energy, XTO Energy, and EOG Resources are among the larger players in the Barnett shale. Two years ago, 70% of all US gas shale production came from the Barnett, but that percentage of the total has been declining as production has risen in other plays.
Barnett Shale Map
Barnett Shale News
Carrizo sells Barnett Shale assets to KKR for $104M
Apr 27, 2011
Houston-based Carrizo Oil & Gas Inc. has agreed to sell certain Barnett Shale assets to KKR Natural Resources for $104 million. |
Legend Natural Gas acquires Barnett Shale, South TX assets for combined $1B
Mar 4, 2011
Privately-held Legend Natural Gas IV LP came forward March 3 as the purchaser of Range Resources Corp.’s Barnett Shale assets as it detailed the recent signing of two oil and gas asset acquisition agreements totaling nearly $1 billion. |
Range sells Barnett Shale assets to help fund 2011 capital spending
Mar 1, 2011
On Feb. 28, Range Resources Corp. announced its plan to sell its Barnett Shale properties in the Fort Worth Basin to a private company for $900 million. |
ONEOK Partners to invest up to $240 million in Cana-Woodford Shale and Granite Wash
Dec 15, 2010
|
GlobaLogix opens ops center to support Barnett producers
Dec 15, 2010
GlobaLogix, a Houston-based oilfield control and automation company, has opened a new operations center in Aledo, Texas to support oil and gas producers operating within the Barnett shale play. |
Italy's Eni takes Barnett knowledge to Polish shale gas play
Dec 10, 2010
Italy-based Eni SpA is entering the European unconventional gas area by agreeing to acquire Minsk Energy Resources and become operator of three licenses in the Polish Baltic Basin. |
US transactions rise in past month
Dec 1, 2010
Two of the larger deals from mid-October to mid-November were the Chevron Corp. acquisition of Atlas Energy for $4.3 billion ($3.2 billion in cash and the assumption of about $1.1 billion in debt) and Newfield Exploration's purchase and sale agreement with EOG Resources in which Newfield acquired about 50,000 net acres in the Marcellus Shale in a transaction valued at roughly $405 million.
|
EnerVest to buy Barnett shale assets from Talon
Oct 27, 2010
Houston-based EnerVest Ltd. has entered the Barnett shale with an agreement to purchase oil and natural gas assets from privately held Talon Oil & Gas LLC for $967 million. |
Barclays to buy $1.15B in Barnett shale assets from Chesapeake
Oct 4, 2010
Chesapeake Energy has sold a five-year VPP in the Barnett shale to Barclays Bank for $1.15 billion. The asset sale adds to near-term liquidity, but as noted by Jefferies & Co., also adds a layer of uncertainty for investors. |
Exterra adds acreage in Barnett Shale
Sep 28, 2010
Amarillo, Tex.- based Exterra Energy Inc. has signed an LOI to acquire 640 acres in the Barnett Shale. |
Topaz notes drilling, log results of Barnett shale well
Sep 8, 2010
Topaz Resources Inc. reported the drilling and log results of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas. |
Topaz drills first of three Barnett shale wells to total depth
Aug 30, 2010
Topaz Resources Inc. has reached the targeted depth of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas. |
Mitchell honored for contribution to shale gas revolution
Aug 1, 2010
In this, the branded "unconventional resources" issue of Oil & Gas Financial Journal, it seems only fitting to dedicate this column to George P. Mitchell, the man credited with pioneering hydraulic fracturing—the technology that has unlocked shale gas and revolutionized the oil and gas industry.
|
Mitchell honored for contribution to shale gas revolution
Aug 1, 2010
In this, the branded "unconventional resources" issue of Oil & Gas Financial Journal, it seems only fitting to dedicate this column to George P. Mitchell, the man credited with pioneering hydraulic fracturing—the technology that has unlocked shale gas and revolutionized the oil and gas industry.
|
Devon and Chesapeake are top ranked companies in Barnett Shale production
Aug 1, 2010
Oklahoma City-based Devon Energy, the eighth-largest oil and gas producer in the United States based on total assets and stockholder equity, ranks as the top producer in Texas' Barnett Shale.
|
The “natural gas revolution” is changing global energy dynamics, including the outlook for energy security in the United States and elsewhere. In his keynote speech to the annual 31st annual CERAWeek Executive Conference in Houston, Peter Voser, CEO of Royal Dutch Shell plc, outlines what the industry and policymakers must do to ensure society fully leverages the many benefits of natural gas. He calls for well-targeted and robustly enforced regulations to ensure tight and shale gas production meets the highest standards. He also urges the industry to do a better job of listening and responding to public concerns about the environmental and operational challenges associated with gas production.
Read the full speech by Peter Voser here.
The total value of US oil and gas mergers and acquisitions increased significantly in 2011 due to continued investment in US shale plays and related infrastructure, sustained interest from foreign buyers, and private equity entrants deploying capital in the energy industry, according to an analysis of energy M&A data by PwC US. A major trend in the energy sector driving the increase in deal value throughout the year was a shift towards more investments in oil and liquid plays as natural gas prices remained depressed amid hitting a 10-year low in 2011.
Read more here.
Can the shale gas r
evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources.
Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here.
OGFJ Webcasts
