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Baker Hughes sees drilling efficiency increase

Baker Hughes sees drilling efficiency increase

HOUSTON, April 11 (UPI) -- Drilling efficiency overall in the United States is 3 percent better than it was at this time last year, Oil services company Baker Hughes said Friday.
Daniel J. Graeber

Japanese company takes on more U.S. shale

FORT WORTH, Texas, April 1 (UPI) -- A U.S. subsidiary of Tokyo Gas Co. paid $485 million for oil and natural gas interests in the Barnett shale play in Texas, Quicksilver Resources Inc. said.

Texas shale on par with oil, study finds

AUSTIN, Texas, March 1 (UPI) -- Production from the Barnett shale play in Texas won't last forever but there's enough gas there to last for a couple decades, a Texas study said.

Mexico OKs non-hydraulic oil extraction

MEXICO CITY, Aug. 28 (UPI) -- Mexico is giving the go-ahead to U.S. Chimera Energy Corp. to deploy its new non-hydraulic shale oil extraction technology in its Chicontepec Basin.

Study addresses safety of fracking

AUSTIN, Texas, Feb. 17 (UPI) -- The practice of hydraulic fracturing used to release underground reserves of natural gas has no direct connection to groundwater contamination, a study says.

Study downplays gas 'fracking' impacts

AUSTIN, Texas, Nov. 10 (UPI) -- Preliminary findings from a Texas study suggest there is no link between shale gas "fracking" extraction and groundwater contamination, its lead author says.

Total, Chesapeake agree to $2.25B venture

OKLAHOMA CITY, Jan. 4 (UPI) -- U.S. energy giant Chesapeake Energy Corp. said Monday it had agreed to a sell 25 percent of Barnett Shale for $2.25 billion to Total S.A.

Chesapeake reaches record gas production

OKLAHOMA CITY, Oct. 23 (UPI) -- Natural gas explorer Chesapeake Energy Corp. announced it reached record production rates in four of its gas shale operations in the United States.

Drilling for more dollars in gas fields

DALLAS, Dec. 2 (UPI) -- New drilling technologies are allowing natural gas producers to squeeze even more out of Texas's Barnett Shale.

XTO buys Barnett Shale acres

FORT WORTH, Texas, Oct. 24 (UPI) -- Fort Worth, Texas-based XTO Energy said it acquired 24,000 acres in the Barnett Shale.

Range Resources buying Stroud Energy

FORT WORTH, Texas, May 11 (UPI) -- Range Resources Corp. will pay $450 million for Stroud Energy Inc. of Fort Worth, Texas, in a deal set to close next month.

Union Drilling orders 3 rigs for N. Texas

FORT WORTH, Texas, April 11 (UPI) -- Union Drilling Inc., a Texas company, is buying three oil drilling rigs from National Oilwell Varco LP.
Wiki

The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks of Mississippian age (354–323 million years ago) in Texas. The formation underlies the city of Fort Worth and underlies 5,000 square miles (13,000 km2) and at least 17 counties.

Some experts have suggested the Barnett Shale may have the largest producible reserves of any onshore natural gas field in the United States. The field is proven to have 2.5 trillion cubic feet (7.1×1010 m3) of natural gas, and is widely estimated to contain as much as 30 trillion cubic feet (8.5×1011 m3) of natural gas resources. Oil also has been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable.

The Barnett Shale is known as a "tight" gas reservoir, indicating that the gas is not easily extracted. The shale is very hard, and it was virtually impossible to produce gas in commercial quantities from this formation until recent improvements were made in hydraulic fracturing technology and horizontal drilling, and there was an upturn in the natural gas price.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Barnett Shale."
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