Posts tagged as:

barnett shale

U.S. Oil Production on the Rise – ND Leads the Pack

by Kenneth E. DuBose on January 31, 2012

U.S. oil production has experienced a more than 30% decline over the past 50 years. Compared to natural gas that has blossomed since the dawn of the boom in the Barnett Shale, that’s a stark difference. The primary reason for the delay is oil is just beginning to bear the fruit of technology application. From […]

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Chesapeake Energy is slashing natural gas spending and re-directing rigs and capital dollars toward liquid-rich plays like the Eagle Ford and Utica shales. Chesapeake is also planning shut-ins of 0.5 Bcfd and will increase that amount to 1 Bcfd if prices don’t begin to recover. The company is targeting a natural gas rig count of […]

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Chesapeake Energy and Total closed the previously announced Utica Shale joint venture on January 2, 2012. The deal was announced at the beginning of November without disclosing the partner, but Total was likely as the company already partners with Chesapeake in the Barnett Shale. The Chesapeake – Total Utica Shale joint venture covers acreage in […]

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Texas Dominates the U.S. Rig Count

by Kenneth E. DuBose on September 27, 2011

The Texas rig count leads the next largest state in the U.S. by more than 700 rigs. That’s a lead of 700 in a market that is less than 2,000 rigs. The state employs almost 400 more rigs than the entire country of Canada. That’s why “oil & gas” and “Texas” are synonymous. You simply […]

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Frack Water Recycling Increasing With Texas Drought

by Kenneth E. DuBose on September 7, 2011

Frack water recycling is on the rise as operators face rationing in the worst drought in decades. Texas also has a wildfire problem to contend with. The state needs rain! That’s the only way to say it. The drought is straining more than oil & gas operations in the state. Looking for the silver lining, […]

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Forced Pooled or Left Behind by Chesapeake – Barnett Shale

by Kenneth E. DuBose on August 26, 2011

Force pooling is often debated in practice, but you’re always better off to be forced pooled instead of left out completely. A family in Johnson County, TX, simply leased to a reputable operator (Devon Energy) and another reputable operator (Chesapeake Energy) leased more and put together a drilling unit adjacent to their property. When the […]

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Encana Selling Barnett Shale Assets in North Texas

by Kenneth E. DuBose on August 25, 2011

Encana announced plans to sell Barnett Shale assets in North Texas as part of the company’s plans to sell $1-2 billion in assets this year. This comes on the back of low gas prices and lower oil prices than just a few months ago. Major independent producers continue to outspend cash flow and we expect […]

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Devon Energy multi-well pads are becoming more common across the Barnett Shale in North Texas. The company recently completed 36 wells from a single 12 acre drilling pad. The use of pads has many benefits with one being less surface disturbance. That means more land that can be used for other purposes, fewer private roads […]

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Colleyville TX Barnett Lease Bonus from Titan Operating

by Kenneth E. DuBose on July 13, 2011

Titan Operating expanded a unit in Colleyville, TX, and paid approximately $25,000 per net mineral acre.  What is interesting is that the unit that was not part of the 2008 agreement that required a $25,000 signing bonus received today’s market rate of $4,000 per acre.  Both agreements pay a 25.5% royalty. Quite a big drop […]

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Shale Gas from the Barnett Shale to Marcellus Shale

by Kenneth E. DuBose on July 2, 2011

Shale gas has helped boost the economy as mineral owners received royalty checks and lease bonuses during the leasing boom. The great thing about royalties is they should pay for a long time. While we’re focused on the mineral owner, we’ve all benefited from lower electricity prices the past two years.  I’m locked in at […]

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