Fayetteville
When one thinks of the Fayetteville shale, one company name comes to mind immediately – Southwestern Energy. Houston-based Southwestern was the earliest entrant in the Fayetteville shale play and today still has nearly three times the natural gas production of its nearest competitor in the formation. The Fayetteville shale is located on the Arkansas side of the Arkoma Basin and cuts a swath through the north-central part of the state east to the Mississippi River.
Experts believe the Fayetteville shale could hold up to 20 trillion cubic feet of natural gas. Oklahoma City-based Chesapeake Energy is the second-largest lease holder in the Fayetteville shale play, followed by Petrohawk Operating Co. and XTO Energy, which was recently acquired by Exxon Mobil Corp. Southwestern has sold some of its Fayetteville assets to XTO.
Fayetteville Shale Map
Fayetteville Shale News
BP, Chesapeake ink $1.9B deal in Fayetteville Shale
Sep 3, 2008
Chesapeake Energy Corp. and BP America intend to form a joint venture whereby BP will acquire a 25% interest in Chesapeake's Fayetteville Shale assets in Arkansas for $1.9 billion. |
With Haynesville, seven new unconventional discoveries, Chesapeake increases capital expenditures
May 1, 2008
Chesapeake Energy Corp. has made a new natural gas discovery in the Haynesville Shale in Louisiana.
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Petrohawk selling Gulf Coast assets; will concentrate on gas resource plays
Aug 1, 2007
Houston-based Petrohawk Energy Corp. plans to sell its Gulf Coast division and will concentrate its efforts on developing and expanding its significant base of Mid-Continent natural gas resource-style activities, including tight-gas development in North Louisiana and East Texas and in the Fayetteville and Woodford shale formations.
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Whittier Energy heads fast-growth list
May 1, 2006
Houston-based Whittier Energy Corp. takes top honors as the fastest-growing US-based oil and gas producer for the final quarter of 2005 compared to the same period in 2004 (see OGJ200 Quarterly, page 44).
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Harold Korell directs turnaround at Southwestern
Jun 1, 2005
Southwestern Energy Co. is one of the feel-good, comeback stories of the past few years in the E&P sector - the kind of overcoming-the-odds narrative that makes careers for the entire management team.
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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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