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
Crestwood Midstream completes acquisition of midstream assets in Fayetteville Shale, Granite Wash
Apr 4, 2011
Crestwood Midstream Partners LP has completed the previously announced acquisition of midstream assets in the Fayetteville Shale and the Granite Wash plays from Tulsa, Oklahoma-based Frontier Gas Services LLC for approximately $338 million cash paid at closing. |
Chesapeake sells Fayetteville Shale assets to BHP Billiton for $4.75 billion
Feb 21, 2011
Oklahoma City-based Chesapeake Energy Corporation said Feb. 21 it will sell all of the company’s interests in about 487,000 net acres of leasehold and producing natural gas properties in the Fayetteville Shale play in central Arkansas to BHP Billiton Petroleum, a wholly owned subsidiary of BHP Billiton Limited, for $4.75 billion in cash. |
Gas directed shale rig counts down 16 for the month
Jan 11, 2011
Gas directed rig counts for the shale plays are down both this week and for the month, according to a January 11 research note by Jefferies & Co. Inc. citing Smith. |
Petrohawk sells Fayetteville Shale interests for $650M
Dec 23, 2010
Houston-based Petrohawk Energy Corp. said Dec. 23 it has completed the sale of its natural gas assets in the Fayetteville Shale, located primarily in Cleburne and Van Buren Counties, Arkansas, to XTO Energy Inc., a subsidiary of ExxonMobil, for $575 million. |
Southwestern places 106 operated wells in Fayetteville shale in 1Q10
Jun 16, 2010
Southwestern Energy Co., the first company to drill and produce natural gas from the Fayetteville shale and the largest gas producer in the play (gross operated production of nearly 1,330 MMcf/d as of April 25, 2010), placed a total of 106 operated horizontal wells on production in the play, in the first quarter of 2010. |
Chesapeake increases Fayetteville shale year-over-year production by 70%
May 25, 2010
Chesapeake Energy Corp., the second-largest leasehold owner in the core area of the Fayetteville shale with 465,000 net acres, increased its average daily net production in the play by 10% over the fourth quarter of 2009 and by nearly 70% over the first quarter 2009. |
Petrohawk shifts focus away from Fayetteville in 2010
May 6, 2010
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Frontier acquires gas gathering systems in Fayetteville
Feb 3, 2010
Tulsa, Okla.-based Frontier Gas Services LLC has acquired two gas gathering systems located in the Fayetteville Shale in Faulkner and Conway Counties, Arkansas. |
A current view of the top 5 US gas shales
Feb 1, 2010
The five largest gas shale plays now account for about 10% of total US natural gas production, and this figure could double by 2012. |
Southwestern earns top billing in Fayetteville
Aug 1, 2009
Houston-based Southwestern Energy Co. is the runaway top producer in Arkansas’ Fayetteville Shale with nearly three times the natural gas production of the second-largest producer, Chesapeake Energy Corp., and almost eight times the volume of the No. 3 player, Petrohawk Energy Corp.
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Energy Photo of the Week
May 26, 2009
Now you can share your personal industry-related photos with Oil & Gas Financial Journal online! Send your photos, along with a short description to OGFJ associate editor Mikaila Adams mikaila@pennwell.com and your photo could be the next Energy Photo of the Week. |
Triangle to amp up Windsor exploration; divest Fayetteville assets
Apr 7, 2009
Triangle Petroleum Corp. has reviewed the company's portfolio of projects and has elevated the 516,000 gross acre Windsor block in the Maritimes basin to Triangle's primary shale gas project and elected to sell its 10,400 net acres in Conway County in the Fayetteville shale project. |
Chesapeake shares rise on takeover talk
Nov 24, 2008
While no major move has been made following the early November speculation about a possible buy-out bid from BP plc, the rumors haven't ceased.
Chesapeake Energy Corp. stock prices rose by as much as 14% amid the early speculation and were expected to continue on that trend when, on November 11, the company announced a joint venture with StatoilHydro that would bring the company more than $3.35 billion. |
Chesapeake reduces drilling budget
Sep 23, 2008
Chesapeake Energy plans to its capex budget during the second half of 2008 through year-end 2010 by approximately $3.2 billion (17%), in response to an approximate 50% decrease in natural gas prices since June 30, 2008 and concerns about the possibility of an emerging US natural gas surplus in advance of increased demand from the US transportation sector. |
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. |
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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