Barnet Shale
Barnet Shale … It is Barnett Shale …
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. Barnett Shale is a gas-bearing formation that the industry has known about for a long, long time. It was not commercially producible on a vertical well bore because the formation would not give up enough gas on a vertical structure in order to be able to make your money back out of what it took you to drill that well.
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.
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. Barnett Shale is a gas-bearing formation that the industry has known about for a long, long time. It was not commercially producible on a vertical well bore because the formation would not give up enough gas on a vertical structure in order to be able to make your money back out of what it took you to drill that well.
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. Barnett Shale is a gas-bearing formation that the industry has known about for a long, long time. It was not commercially producible on a vertical well bore because the formation would not give up enough gas on a vertical structure in order to be able to make your money back out of what it took you to drill that well.
Drilling likely will shift from the standard vertical wells to more expensive horizontal wells, requiring more manpower, equipment, expertise and time. Predictions are it will take another year or so before knowing if it’s a viable commercial opportunity. Drilling through the shale is like drilling through a Brunswick pool table or bowling ball. Yet we find several interesting factors in the shale itself such as micro fractures that travel from the north east to the southwest. Drilling through the shale is like drilling through a Brunswick pool table or bowling ball. Yet we find several interesting factors in the shale itself such as micro fractures that travel from the north east to the southwest.
Drilling rigs are already located on the Dallas/Fort Worth airport, and inside the Fort Worth city limits, and are headed toward downtown.
Gas shale well productivity varies widely by basin, due to variations in the natural fracturing, richness of the shale, net thickness, and initial rates. The major change has been in well completion and operating methods, which have led to increase per well reserves. Gas drilling is creating jobs and helping retail sales during a tough time, giving Fort Worth a counterweight against the slowing economy. Nationwide, soaring prices for gasoline are leading to calls for more offshore drilling for oil. Gas in-place is the total amount of free and adsorbed gas within the Marcellus. Given a resource that is found under more than 34,000,000 acres of real estate with at least 50 feet of organic-rich section, the Marcellus Shale weighs in with more than 500 trillion cubic feet of gas in-place spread over a four state area.
Gas saturation seems constant across the region, so it is tempting to invoke increased natural fracturing in these areas as the explanation.
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. 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 (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.
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 Journal reports that, ?shale and other unconventional gas plays were claiming large shares of the drilling in Texas and numerous other states.? 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 smaller but commercially viable quantities.
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.
Oil has also been found in lesser quantities, but sufficient (with recent high oil prices) to be commercially viable. 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. 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.
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 from the play now exceeds 1.2 billion cubic feet (Bcf) a day. An estimated 1.5 trillion cubic feet (Tcf) of gas has been commercially produced from the Barnett Shale. 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.
Chesapeake is utilizing four rigs to further develop the 60,000 net acre leasehold in the Colony Granite Wash play. It anticipates the drilling of approximately 250 additional net horizontal wells over time. Chesapeake, with revenues in the billions last year, plans to spend $100 million and will devote three rigs full time to drill 45 to 50 wells around Johnson County in 2005. In addition to expansion, Chesapeake hopes to increase the existing wells’ daily production of 25 million cubic feet to 86 million cubic feet by 2006. Chesapeake Energy was our presenting sponsor for 2007, and they played a major role in helping us make it happen. The Back-to-School Roundup helps low income children begin a new school year better equipped than they might be otherwise.
Chesapeake remits revenue to you once your balance exceeds $100 unless you have previously requested (from Chesapeake) to be set up with a $25 minimum pay status. Amounts over $10, but under your minimum pay amount, are paid annually in July. Chesapeake is currently utilizing four rigs to drill Haynesville Shale wells and plans to increase its drilling activity level to approximately 10 rigs by year-end 2008 and potentially more in 2009. The company currently owns or has commitments for more than 200,000 net acres of leasehold in the Haynesville Shale and has a leasehold acquisition effort underway with the goal of owning up to 500,000 net acres in the play.
Prices then usually bottom out in summer as oil prices peak. I wouldn’t be surprised to see natural gas over $9 per Mcf this winter. Prices are going through the roof. The way industry sees this play is that ultimately we will recover between 52 TCF to 100+ TCF (I think that they are way optimistic on this.) It makes it one of the largest gas discoveries in North America.
Natural gas pipes wend their way through the community. New pipeline rights of way and wells are everywhere. Natural gas produced on location is used to fire the distilling units that in turn boil the returned fracture fluid and produce fresh distilled water. The distilled water can then be used to fracture treat another Barnett Shale well. Natural gas is also important to our domestic food supply. The vast majority of fertilizer used in agriculture is ammonia-based, and you need natural gas to manufacture ammonia.
Natural gas pipes wend their way through the community. New pipeline rights of way and wells are everywhere.
Perhaps the bloom is off the rose, and it is not economically viable to continue to pay quarter royalties to obtain leases on unproven acreage. The Barnett shale is expensive to drill and to produce. Perhaps you can print some information from the web site to give to these neighbors and print and share these emailed info updates with them.
Mineral rights could belong to the current (surface rights) owner. Or, the mineral rights could have been “retained” by the original owner of the property from perhaps a hundred years ago and passed to heirs. Mineral sales appeal to individuals that are interested in receiving value now for production that may (or may not) occur in the future.
Due to these estimations and our research, we will continue to focus our efforts to continue developing an acreage position through on-going drilling programs which can provide proven reserves in excess of 200 BCF. Due to severe weather the Pumping Unit was installed on June 18th, 2008. The well has to pump out the Frac water before we start recovering the Oil and Gas production which we will report shortly. Due to its thickness, the Barnett Shale can produce multiple pay zones within one well with various potential pay zones being accessed at a relatively minor cost. The Barnett Shale can be divided into an upper and lower unit, separated by the Forestburg Limestone.
Investors can put their money in a money-market fund or CD and get 4 or 5 percent or in an MLP and get 7 or 8 or 9 percent and maybe some capital appreciation. This is a fabulous trend for the exploration and production companies in this city. Investors are now being asked to pony up for this miracle cure which will allow the well to produce records amount of natural gas!!! Here is how the scam works.
