Oil is

Oilfield service companies that are well capitalized and well managed are experiencing very high growth rates with good profit margins. We have heard reports of equipment manufacturers moving to establish offices in the area to compete for business in the drilling and trucking industries, both of which are booming in the area. Oil has also been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable. Oil has also been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable.

Oil and Gas Experts have suggested that it may be the largest onshore natural gas field in the US although new estimates from the newly discovered Marcellus Formation in Appalachia may equal the Barnett. The field is proven to have 2.5 trillion cu. Oil and gas investors can realize fast ROI’s. There is currently a huge Hunton Lime re-completion, de-watering play revitalization plan coming right through our back yard and we have at least 6-8 existing “cased Holes” ready for re- completion. Oil (or in this case, natural gas) cannot move from the reservoir rock to the drilled wellbore unless there is an unobstructed pathway (a combination of porosity and permeability). Fractures offer such a pathway.

Barnett Shale is a massive natural gas deposit that occurs naturally deep under approximately seven counties in North Central Texas and including northeast Tarrant County. The Barnett field stretches from Dallas west approximately 5,000 square miles and produces about 1.2 billion cubic feet of natural gas a day according to some industry reports. Barnett Shale is deeply fractured, with fissures that tended to be sealed by calcium carbonate. The field went undiscovered until Mitchell Energy experimented with employing large gel fracture methods to open the wells to natural gas.

Production has been firmly established with over 4,700 successfully completed wells drilled, the field encompassing over 500,000 acres. It is currently producing in excess of one billion cubic feet per day. Production has been firmly established with over 4,700 successfully completed wells drilled, the field encompassing over 500,000 acres. It is currently producing in excess of one billion cubic feet per day. Produced water is removed from the well and hauled to disposal sites. Approximately 400 round trips are made to each well during the fracturing operation.

Production has reached an estimated level of 3.7 billion cubic feet per day, accounting for 4.3 percent of total U.S. Projections are that production will increase to between 6.5 and 9.7 billion cubic feet per day by 2014-15. Producing the methane wasn’t difficult: the flow rates from simple vertical wells were enormous, and any sort of simple pressure reduction allowed the methane to come out of solution. But what to do with several billion barrels of toxic/corrosive brine each year? Production has been firmly established with over 4,700 successfully completed wells drilled, the field encompassing over 500,000 acres. It is currently producing in excess of one billion cubic feet per day.

Production in the rest of the States as a group increased by 8%.

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