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Located in southeastern Oklahoma, the Woodford shale play has been drilled for about 10 years. Only the Barnett shale in Texas has been producing natural gas longer than the Woodford shale. Devon Energy drilled the first well into the Woodford shale formation in 2005, and since then numerous petroleum companies have acquired acreage and launched their own drilling programs. Current estimates are that the Woodford shale holds approximately 4 tcf of natural gas.
Of the numerous companies drilling in the Woodford shale, Houston-based Newfield Exploration and Oklahoma City-based Devon are the largest producers. Both companies have sold off much of their offshore assets in the Gulf of Mexico and elsewhere in order to focus their attention on unconventional resources such as the Woodford and other shale plays
Cardinal Midstream brings third plant online in Woodford shale
Apr 3, 2012
Cardinal Midstream, LLC has brought its third cryogenic processing plant online in the Arkoma Woodford shale. |
Woodford Shale and Cana-Woodford: High bcfe wells with attractive economics
Jul 1, 2011
The first commercial oil well from the Woodford Shale in Oklahoma was drilled in 1939. Since then, more than four million barrels of oil have been extracted from the formation.
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Antero Resources closes Oklahoma Midstream sale to Cardinal
Nov 8, 2010
Antero Resources has closed the sale of its midstream assets, located in the Woodford Shale area, to Cardinal Midstream LLC for $270 million. |
Antero Resources to sell Woodford shale midstream assets for $268 million
Oct 1, 2010
Antero Resources has entered into definitive agreements to sell its midstream assets located in the Woodford Shale area of the Arkoma Basin of Oklahoma to affiliates of Cardinal Midstream LLC for $268 million in cash. |
Continental increases Woodford, Bakken drilling with 2010 CAPEX increase
Jul 9, 2010
Continental Resources Inc. has increased its capital expenditure budget to $1.3 billion from $850 million to accelerate its drilling program and to increase its acreage positions in the Bakken and Woodford shale plays. |
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. |
Devon Energy Woodford shale update
May 30, 2010
When independent oil and gas exploration and production company Devon Energy Corp. presented at the UBS Global Oil and Gas Conference in May, the company briefed analysts and investors on its current 2010 capital expenditure budget that reinforced its position in the oil and gas shale plays. |
ONEOK Partners to invest over $400M in Bakken, Woodford growth projects
Apr 22, 2010
Tulsa, OK-based ONEOK Partners LP, one of the largest publicly traded master limited partnerships, plans to invest nearly $405 million to $470 million between now and the end of 2011 for projects in two shale plays, the Bakken Shale in the Williston Basin in North Dakota, and the Woodford Shale in Oklahoma. |
Continental Resources prices $200M senior notes offering
Mar 30, 2010
Continental Resources Inc. has priced its private placement of $200 million of 7 3/8% senior unsecured notes due 2020. |
North American resource plays a big part of Marathon's 2010 drilling program
Feb 13, 2010
While Marathon Oil Corp.’s $5.1 billion 2010 CAPEX budget is 17% lower than last year, the company plans to advance its resource plays, including those in the Marcellus, Woodford, and Haynesville, and Bakken shales. |
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. |
Newfield, Hess partner to explore Marcellus
Oct 14, 2009
Newfield Exploration Co. and Hess Corp. have signed a joint exploration agreement in the Marcellus Shale play. |
Newfield moves to top in Woodford
Aug 1, 2009
Houston-based Newfield Exploration Co. was founded in 1989 and went public in 1993. Until the mid-1990s, the company’s sole focus area was the shallow waters of the Gulf of Mexico.
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DCP Midstream begins first phase of Anadarko-Woodford shale play expansion
May 29, 2009
DCP Midstream LLC has started up new facilities servicing Anadarko-Woodford Shale resource play development in Oklahoma's Blaine and Canadian counties. |