Tight Gas Sands
The term tight gas sands refers to low-permeability sandstone reservoirs that produce primarily dry natural gas. A tight gas reservoir is one that cannot be produced at economic flow rates or recover economic volumes of gas unless the well is stimulated by a large hydraulic fracture treatment and/or produced using horizontal wellbores. This definition also applies to coalbed methane, shale gas, and tight carbonate reservoirs. Tight sands produce about 6 tcf of gas per year in the United States, about 25% of the total gas produced. The Energy Information Administration estimates that 310 tcf of technically recoverable tight gas exists within the US, representing over 17% of the total recoverable gas. Worldwide, more than 7,400 tcf of natural gas is estimated to be contained within tight sands, with some estimates as large as 30,000 TCF.
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Tight Gas News
GMX Resources looks to monetize certain Cotton Valley assets
Jul 17, 2012
GMX Resources Inc. has engaged Global Hunter Securities as financial advisor in connection with a proposed sale of a portion of the company's Cotton Valley Sand liquids rich natural gas properties located in East Texas. |
Pegasi releases initial production results from Bossier shale well
Jul 10, 2012
Tyler, TX-based Pegasi Energy Resources Corp. has released initial production results of its first horizontal well in Cass County, Texas. |
Sun River shale well has Haynesville, Cotton Valley potential
Dec 8, 2010
Dallas-based Sun River Energy began drilling activities in compliance with the terms of its farmout agreement with Devon Energy Production Co. LP. The well, in Panola County in East Texas, is permitted to 12,000 feet in the Carthage Field to test the Haynesville Shale. The company expects to encounter commercially productive zones in the Travis Peak and Cotton Valley geological formations. |
Comstock delayed in completing Haynesville and Bossier shale wells
Oct 19, 2010
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Comstock Resources to sell Mississippi assets for $75M
Oct 12, 2010
In an effort to focus on its Haynesville, Bossier, and Eagle Ford shale assets, Comstock Resources Inc. has agreed to sell its Mississippi oil and gas properties to a privately held company for $75 million cash. |
Gastar completes Middle Bossier well
Oct 1, 2010
Gastar Exploration Ltd. has completed the Streater #1 well in a single middle Bossier zone. |
Sale of Australian assets helps transform Gastar
Sep 1, 2010
INTERVIEW WITH J. RUSSELL PORTER, PRESIDENT AND CEO OF GASTAR EXPLORATION
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Mexco Energy buys royalty interests in Haynesville shale
Aug 18, 2010
Mexco Energy Corp. has purchased overriding royalty interests in 5,120 gross acres covering eight sections in the Haynesville trend area of DeSoto Parish, Louisiana, for roughly $1.65 million. |
EXCO closes on Haynesville, Bossier shale properties from Southwestern
Jun 30, 2010
EXCO Resources Inc. has closed the purchase jointly with BG Group, plc of properties in the Haynesville and Bossier shale plays from Southwestern Energy Co. |
Range Resources acquires Cotton Valley interest, plans 20 well program
Jun 28, 2010
In June 2010, West Perth, Australia-based Range Resources acquired a 13.56% interest in roughly 1,570 gross acres in the Cotton Valley located in Red River County, Texas, for US$254,000. |
Old Park Lane Capital raises A$10 million for Range Resources
Jun 24, 2010
Old Park Lane Capital Plc (OPL) has raised up to A$10m for dual AiM/ASX listed oil and gas producer/ explorer Range Resources Ltd. |
EXCO acquires Haynesville, Bossier Shale assets from Southwestern for $355M
Jun 17, 2010
Oil and natural gas company EXCO Resources Inc. has agreed to purchase certain Haynesville and Bossier shales properties from Southwestern Energy Co. for $355 million. |
Ivanhoe Energy targets tight gas with drilling at Zitong-1 in China
Jun 15, 2010
Ivanhoe Energy Inc. announced that Sunwing Energy Ltd., the company's wholly-owned subsidiary, has commenced drilling at Zitong-1 located in Sichuan Province, China's most prolific gas producing region. |
Looney retires Goodrich Petroleum CFO post
Mar 26, 2010
David R. Looney has retired from his position as executive vice president and CFO of Houston-based Goodrich Petroleum. |
Shell, CNPC team up to produce natural gas in China
Mar 23, 2010
For the second time in a week, China National Petroleum Corp. (CNPC) and Shell have joined forces in the name of unconventional gas. Most recently, state-owned CNPC and Shell have developed a plan to jointly develop and produce natural gas in China's Sichuan basin. |
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