Granite Wash Tight Gas
The Midcontinent Granite Wash is a series of tight gas plays (Lard Ranch, Buffalo Wallow, Stiles Ranch, and Colony West) that runs from the Texas Panhandle to Southwest Oklahoma. There is some oil production in the Granite Wash, mainly in Oldham and Gray counties in Texas. The sandstone reservoir is about 160 miles long and 30 miles wide. Operators are using both horizontal and vertical drilling to produce reserves from this longtime target.
Economic rates are achieved by multi-stage, slickwater fracture treatments and close attention to costs. There are over 2600 operating wells in the Granite Wash, and some of the operators include Chesapeake Energy, Newfield Exploration, Penn Virginia, Cimarex Energy, Questar, Linn Energy, Forest Oil, Apache Corp., BNK Petroleum, Devon Energy, and Cordillera Energy Partners III.
Granite Wash Map
Granite Wash News
Trilantic Capital Partners sells majority stake in TLP Energy
Dec 17, 2012
Trilantic Capital Partners, a global private equity firm, has completed the sale of the assets of TLP Energy, an Oklahoma City-based oil and gas producer, to NFR Energy for approximately $655 million. |
Unit Corp.’s $617 million purchase from Noble may be a game-changer
Sep 1, 2012
Unit Petroleum Company, the E&P arm of Tulsa, Okla.-based Unit Corporation, recently completed what company executives are calling a "transformational event. |
Eagle Rock restarts Phoenix-Arrington Ranch Plant
Jul 2, 2012
Eagle Rock Energy Partners LP has restarted its Phoenix-Arrington Ranch Plant in Hemphill County, Texas, serving the Granite Wash play. |
Eagle Rock starts up new plant in Granite Wash
Jun 7, 2012
Houston-based Eagle Rock Energy Partners LP [Nasdaq: EROC] has started up its previously announced state-of-the-art 60 MMcf/d cryogenic processing facility (the Woodall Plant) in Hemphill County, Texas, in the heart of the prolific Granite Wash play in the Texas Panhandle. |
Apache completes Cordillera Energy acquisition
May 1, 2012
Houston, Texas-based Apache Corp. today announced it has completed its acquisition of Cordillera Energy Partners III, LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. |
Apache raises $3B in debt to help fund Cordillera acquisition
Apr 4, 2012
Houston-based Apache Corp. priced $3 billion in aggregate principal amount of notes in a public offering to help fund its $2.85 billion purchase of Cordillera Energy Partners III LLC. |
Investor group to gain shale play acreage with Samson acquisition
Nov 23, 2011
An investor group consisting of KKR, NGP, Crestview Partners and Itochu Corp., has signed a definitive agreement to acquire Samson Investment Co., one of the largest private exploration and production companies in the US, for $7.2 billion. |
ONEOK Partners to invest up to $240 million in Cana-Woodford Shale and Granite Wash
Dec 15, 2010
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Apache completes horizontal wells in Granite Wash
Nov 4, 2010
Houston-based Apache Corp. reported Nov. 4 that the first two horizontal wells to target the Hogshooter segment of the Granite Wash play in the Anadarko Basin each commenced production at rates exceeding 2,000 barrels of oil per day. |
LINN Energy reports production from third, fourth Granite Wash wells
Sep 7, 2010
LINN Energy LLC today announced results from its third and fourth operated horizontal Granite Wash wells in the Greater Stiles Ranch area of the Texas Panhandle. |
PXP reports 'impressive' Granite Wash results
Aug 6, 2010
On August 5, PXP announced its plan to monetize certain of its GOM assets to focus on production growth from the Haynesville shale and Granite Wash. Initial production rates for two wells drilled in the Granite Wash in 2Q10 look promising. |
Newfield to slow the pace of Woodford, Granite Wash development
Jul 9, 2010
Newfield Exploration Co. is reducing its planned gas development wells in the second half of 2010 to emphasize oil plays despite growth of 20% expected in its Granite Wash production this year. |
SM Energy completing second Granite Wash well
Jun 17, 2010
SM Energy Co., formerly St. Mary Land and Exploration, recently started its Granite Wash drilling program with two wells. |
Unit Corp deems 3 of 4 intervals economic in Granite Wash
Jun 8, 2010
Tulsa, Okla.-based Unit Corp. is logging new developments in the Texas Panhandle portion of the Granite Wash. With reserve estimates of its 2009 Frank Shaller 7H horizontal well standing at 6.0 to 8.0 Bcfe and four wells drilled in the first quarter of 2010, the company is testing the area for further drilling. |
Forest Oil sets aside $182M for Granite Wash in 2010
May 8, 2010
While focusing on its unconventional assets, Forest Oil Corp. has been particularly impressed with its Granite Wash program. |
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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