Crude Oil in the Barnett Shale?
Crude Oil in the Barnett Shale?
The Barnett Shale is a geological formation of economic significance.
The Barnett Shale is known as a “tight” gas reservoir, indicating that the gas is not easily extracted. Since much of the gas in the Barnett Shale is lodged beneath the City of Fort Worth, this new drilling technology has created a boom for the city.
Hydraulic fracturing carried out in the Barnett Shale is done by pumping water into the well bore at a sufficient pressure to create and propagate a fracture in the surrounding rock formation down hole.
In a study conducted by the Fort Worth Chamber of Commerce, the Barnett Shale is contributing $5 billion annually and 55,000 permanent jobs in North Texas.
Oil
The Barnett shale has acted as an important source and sealing cap rock for more conventional oil and gas reservoirs in the area.
Barnett Shale Oil?
Latest news online about crude oil in the Barnett Shale:
In shift, EOG interested in Barnett Shale oil
EOG Resources revealed Thursday that it intends to be the first to produce crude oil from the Barnett Shale, a field that until now has been …BARNETT SHALE RIG REPORT
Gas money Fort WorthEureka! EOG Strikes Oil
EOG also said it has discovered crude oil in Texas’ Barnett Shale region, where the company has been producing natural gas …EOG Shares Surge to Record High on Finds
Energy Sector Roundup: Oil Over $102
EOG also said it discovered crude oil in Texas’ Barnett Shale region - where the company has been producing natural gas since 2004 - and in Colorado’s North …
Tags: Barnett Shale, cap rock, city of fort worth, conventional oil, crude oil, drilling technology, economic significance, energy sector, eog resources, fort worth chamber of commerce, fracture, gas money, gas reservoirs, geological formation, hydraulic fracturing, north texas oil, oil and gas, producing natural gas, rock formation, shale oil
