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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.
EVEP acquires over $1.2B in Barnett Shale assets
Nov 3, 2011
EV Energy Partners and certain other parties related to EnerVest have signed agreements with two companies to acquire over $1.2 billion in liquids-rich Barnett Shale assets in Montague, Wise, Denton, Parker and Tarrant counties. |
Energy Transfer Partners enters Woodford, Barnett Shale midstream agreement with XTO
Oct 21, 2011
Energy Transfer Partners LP announced October 20 that it has entered into a long-term, fee-based agreement with XTO Energy to provide natural gas gathering, processing and transportation services from both the Woodford and Barnett Shale regions. |
Quicksilver Resources to create MLP with Barnett assets to reduce debt
Oct 20, 2011
Forth Worth, TX-based natural gas and crude oil exploration and production company Quicksilver Resources Inc. announced its intent October 19 to create an MLP with a portion of its Barnett Shale assets. |
Encana plans to divest its Barnett Shale properties in North Texas
Aug 25, 2011
Encana Corporation says it intends to sell its North Texas natural gas producing assets in the Fort Worth Basin located in the Barnett Shale play. |
Legend partnerships merge; close $900M Barnett Shale purchase
May 4, 2011
The Legend Natural Gas partnerships have merged into one holding company and closed on the acquisition of $900 million in Barnett Shale assets from Range Resources Corp. |
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
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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.
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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. |