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
Bakken Shale has largest oil deposits in US outside the oil fields of Alaska
Aug 1, 2010
Located in the Williston Basin in Montana and North Dakota and in the Canadian provinces of Saskatchewan and Manitoba, the Bakken Shale subsurface formation is mainly an oil play.
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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.
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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.
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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.
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Topaz begins drilling in oil-leg of Barnett
Jul 16, 2010
Topaz Resources Inc. has commenced drilling its next well in the "oil" leg of the Barnett shale formation in North Texas. |
Topaz Resources starts second Barnett shale drilling program
Jun 24, 2010
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George P. Mitchell receives lifetime achievement award from GTI
Jun 18, 2010
Houston oilman George P. Mitchell has been awarded a Lifetime Achievement Award from the Gas Technology Institute. The founder of Mitchell Energy & Development Corp., Mitchell received the prestigious honor for pioneering hydraulic fracturing and drilling technologies that created a shale gas revolution. |
Devon Energy Woodford shale update
May 30, 2010
When independent oil and gas exploration and production company Devon Energy Corp. presented at the UBS Global Oil and Gas Conference in May, the company briefed analysts and investors on its current 2010 capital expenditure budget that reinforced its position in the oil and gas shale plays. |
Gateway terminates CEO, CFO; board members resign
May 21, 2010
On May 19, 2010, midstream energy company Gateway Energy Corp.’s board of directors terminated, without cause, the employment of Robert Panico, Gateway's CEO and president; and Christopher Rasmussen, Gateway's CFO. |
Devon Energy sells $1.05B in Gulf of Mexico shelf assets to Apache
Apr 14, 2010
Independent energy company Devon Energy Corp. has agreed to sell all of its Gulf of Mexico shelf assets to Apache Corp. for $1.05 billion, or roughly $840 million after tax. |
Norse Energy grabs a piece of the Barnett
Apr 1, 2010
Norse Energy Corp. ASA has signed a letter of intent and exclusivity agreement with Strategic Petroleum Investment Consultants Enterprise Inc., Paris Oil & Gas Corp., and Eleon Operators LLC for the potential acquisition of roughly 19,700 acres in the Barnett combo play in Texas for US$70 million. |
Total increases its focus on upstream sector
Apr 1, 2010
From its creation in 1924 as the Compagnie française des pétroles, France's Total, together with its subsidiaries and affiliates, has grown to become the world's fifth largest publicly–traded integrated oil and gas company in 2010 with 96,950 employees and operations in more than 130 countries.
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Total increases its focus on upstream sector
Apr 1, 2010
From its creation in 1924 as the Compagnie française des pétroles, France's Total, together with its subsidiaries and affiliates, has grown to become the world's fifth largest publicly–traded integrated oil and gas company in 2010 with 96,950 employees and operations in more than 130 countries.
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Meet Total CFO Patrick de la Chevardière
Apr 1, 2010
The financial crisis in 2008 was a shock to everyone, including us. The precipitous drop in oil prices from $114 a barrel in June to $35 in December was stunning.
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Chesapeake adds $2.25B Total JV to list of growing partnerships
Feb 1, 2010
Barnett JV most recent in succession of shale partnerships raking in $10.8B for the company in the past 18 months
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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.
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