Cooke County, Texas - Barnett Shale Oil Field

By Tim - http://oilshalegas.com

EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas

EOG Resources (EOG) is out with their Barnett Shale Combo Play update. The Barnett Shale combo play is a zone of oil and natural gas.

In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.

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Montague County, Texas - Barnett Shale

By Tim - http://oilshalegas.com

EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas

EOG Resources (EOG) is out with their Barnett Shale Combo Play update. The Barnett Shale combo play is a zone of oil and natural gas.

In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.

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EOG Resources (EOG) - Barnett Shale

By Tim - http://oilshalegas.com

EOG Resources (EOG) - Barnett Shale Combo Play - Oil Field Texas

EOG Resources (EOG) is out with their Barnett Shale Combo Play update. The Barnett Shale combo play is a zone of oil and natural gas.

In the Fort Worth Barnett Shale Combo, EOG's second largest driver of liquids growth during 2011, total liquids production increased 107 percent compared to 2010, driven by a 124 percent increase in crude oil and condensate production. In Montague County, a pattern of five horizontal wells, the Badger A Unit #1H, B Unit #2H, C Unit #3H, D Unit #4H and E Unit #5H showed initial peak oil production rates ranging from 525 to 659 Bopd with 106 to 205 Bpd of NGLs and 704 to 1,361 Mcfd (thousand cubic feet per day) of natural gas per well. EOG has 100 percent working interest in the wells, which had an average peak crude oil production rate of 604 Bopd per well. A series of 10 McKown wells drilled in Cooke County, began producing to sales at an average oil rate of 689 Bopd, with 210 Bpd of NGLs and 1.4 MMcfd of natural gas per well. EOG has 93 percent working interest in these wells. During 2011, EOG expanded its core holdings in the Barnett Combo by approximately 25,000 acres to 200,000 net acres. Following the success of its drilling program last year, EOG expects the Barnett Combo to be its second largest liquids production growth contributor again in 2012.

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Barnett Shale Combo Play - Oil Field

By Tim - http://oilshalegas.com

Pioneer Natural Resources (PXD) - Barnett Shale Combo Play - Oil Field Texas

Pioneer Natural Resources (PXD) is out with their Barnett Shale Combo Play update. The Barnett Shale combo play is a zone of oil and natural gas.

In the liquids-rich Barnett Shale Combo play, Pioneer has built a 78,000 net acreage position, representing more than 1,000 drilling locations. The Company drilled 43 wells in 2011 and placed 42 wells on production. Pioneer operated two rigs in the play for much of 2011 and plans to remain at this level through 2012. The Company expects to increase to four rigs in 2013.

Production in the fourth quarter for the Barnett Shale Combo play was 6 MBOEPD, up from 4 MBOEPD in the third quarter. The Company expects production to increase from an average of 4 MBOEPD in 2011 to 7 MBOEPD to 9 MBOEPD in 2012 under the current two-rig program. With the expected increase to four rigs in 2013, production is forecasted to grow to 12 MBOEPD to 16 MBOEPD in 2013 and 18 MBOEPD to 23 MBOEPD in 2014. Production is comprised of 60% liquids (oil and NGLs) and 40% gas.

Pioneer’s internal rate of return in the Barnett Shale Combo play is expected to be 30% before tax. This assumes a targeted per-well drilling cost of $3.5 million for 5,000-foot lateral wells, a gross EUR of 460 MBOE and flat commodity prices of $100 per barrel for oil and $4 per MCF for gas. The internal rate of return has been impacted by the low gas price environment.

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Montague County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

Topaz Resources, Inc. recently released an operational update on the Barnett Shale, located in Montague County, TX. In the update, they announced that they are completing the consolidation into Topaz of over 750 net acres in the oil leg of the Barnett Shale in Montague County in North Texas, which has 18 identifiable drill locations.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Denton County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

In a recent operational update released by Topaz Resources, Inc., they announced that they are acquiring a lease of 85 acres in the Barnett Shale located in Denton County, TX. In addition, Topaz Resources will hold a 45% working interest in a horizontal Barnett Gas well, located in that acreage of the Barnett Shale.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Wichita County Texas - Barnett Shale Oil Play

By Tim - http://oilshalegas.com


Microcap company Topaz Resources, Inc. (OTCBB: TOPZ) has recently come out and given an update on the Barnett Shale Combo Oil Field. This area is the oil part of the zone.

Topaz Resources Commences Work Over Program on Its North Texas Shallow Oil Project

11/30/10 -- Topaz Resources, Inc. (OTCBB: TOPZ) today announced that it has commenced the first phase of its work over program on its North Texas shallow oil project, which comprises 543.69 acres with a history of proved producing oil wells, located in Wichita County.

The first phase of the work over program will involve remedial work on existing well bores, which will include pulling the rods and tubing, checking the down hole pumps, cleaning the well bores, shooting the fluid levels and resetting the pumps.

Topaz expects this work to take a few weeks and to provide immediate and significant increase in production

For more shale news updates, visit http://blackberrystocks.blogspot.com

Ellis County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Ellis, TX, they have begun completion operations on 2 wells in Ellis County:

During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Tarrant County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

Range Resources Corp. (RRC) recently released an update on the Barnett Shale In Tarrant, TX, they have begun completion operations on five wells in Tarrant County:

During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Denton County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

Range Resources Corp. (RRC) recently released an update on the Barnett Shale located in Denton County, TX:

During the third quarter, the Southwestern Division continued its successful drilling program. In the Barnett Shale formation, Range initiated sales on three wells in Denton County at a combined average rate of 15.0 (11.3 net) Mmcfe per day, comprised of 8.1 (6.1 net) Mmcf per day and 1,156 (868 net) barrels of NGLs and oil per day. In addition, we began completion operations on five wells in Tarrant County and two wells in Ellis County with production scheduled to begin early in the fourth quarter of 2010. In West Texas at the Conger Field, the division deepened three wells to the Strawn formation and recompleted another well into the Wolfcamp formation. The three Strawn deepenings yielded a combined daily average rate of 551 (468 net) Boe per day, comprised of 437 (372 net) per day barrels of oil and NGLs and 685 (582 net) mcf per day. The Wolfcamp recompletion added 594 (505 net) Boe per day, comprised of 552 (469 net) barrels of oil and NGLs and 255 (217 net) mcf per day.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Montague County, TX - Barnett Shale Update

By Andrea: http://oilshalegas.com

In the Barnett Shale, EOG Resources Inc.(EOG)have completed 2 wells in Montague County, TX that I know, to date. This was reported in 2010 Q1 earnings report. I am unaware of any activity in 2010 Q2 but Q3 earnings will be coming out shortly and I will release a further update on Montague County:

In addition to the Settle well, we've also completed a number of horizontal wells in the Barnett combo play. The Alamo #1H, #2H and #3H wells were drilled on 55-acre spacing in Montague County. The wells began producing at a combined rate of over 900 barrels of oil per day, with 2.4 million cubic feet a day, and we have 97% working interest in these wells.

For more shale news, visit: http://blackberrystocks.blogspot.com

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Carrizo Oil and Gas Inc. - Barnett Shale Update

By Andrea: http://oilshalegas.com

Carrizo Oil and Gas Inc. (CRZO) recently released an operational update on the Barnett Shale:

In the Barnett Shale, all 22 wells on the drilling pad located on the campus at the University of Texas at Arlington are on full production. The pad is flowing at a rate of 62 mmcfe/day now that pipeline constrictions have been resolved and the final wells completed. The production from the new wells and the increase in capacity has allowed the company's current Barnett net production to rise to approximately 112 mmcfe/day.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Wise County, Texas: Barnett Shale Update

By Andrea: http://oilshalegas.com

The following companies began drilling new wells in Wise County, Texas in the Barnett shale this week:

-Devon Energy Production (DVN): 2 horizontal wells

-E.C. Stryker, Decatur: 1 vertical well

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Johnson County, Texas: Barnett Shale Update

By Andrea: http://oilshalegas.com

The following companies have begun drilling horizontal wells in Johnson County, TX in the the Barnett Shale this week:

-Chesapeake Operating (CHK): 3 horizontal wells
-Devon Energy Production (DVN)
-EOG Resources (EOG)
-XTO Energy (COH)

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Denton County, TX: Barnett Shale Update

By Andrea: http://oilshalegas.com

The following companies have begun drilling horizontal wells in Denton County, Texas in the Barnett Shale this week:

-Devon Energy Production (DVN): horizontal off Swafford Road, north of Farm Roads 156/407.
-Williams Production Gulf Coast L.P., Fort Worth: horizontal off Red Rock Lane, south of I-35W/Texas 114.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Tarrant County, TX: Barnett Shale

By Andrea: http://oilshalegas.com

The following companies have begun drilling horizontal wells this week in Tarrant County, Texas in the Barnett Shale:

-Carrizo Oil & Gas (CRZO), Houston
-Chesapeake Operating (CHK), Oklahoma City
-Devon Energy Production Co. (DVN), Oklahoma City
-XTO Energy (COH), Fort Worth

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Barnett Shale Update: Exterra Energy Inc. (EENI.OB)

By Andrea: http://oilshalegas.com

Exterrra Energy Inc. (EENI.OB) announced that they are acquiring 3.1K acres of new mineral leases in the Barnett shale. Not only will they be acquiring the land in which there are already 52 wells residing, but they are going to do somewhat of a renovation on the other 8 wells that are not up to production standards. The 44 efficient wells are currently producing 35 barrels of oil per day. The other 8 wells, however; will be re-worked and are projected to produce 5 barrels of oil per day. This would create a total production rate for the site to roughly 75 barrels of oil per day.

In addition to the re-working of some of the existing wells, Exterra Energy will add 10 new wells to the land which are projected to produce approximately 200 barrels of oil per day.

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Tarrant County, TX: Barnett Shale: Chestnut Petroleum

By Andrea: http://oilshalegas.com

August 18, 2010: Chestnut Petroleum announced today, the recent completion of the Crowley Teeter #1H, a horizontal well drilled in the sweet spot of the massive Newark, East gas field in the Barnett Shale. Completed in May 2010, the Tarrant County well started production at a rate of 5,866 MCF of natural gas per day after a massive 4-stage fracture stimulation procedure. In the first 60 days of production, the Crowley Teeter #1H has sold 254,552 MCF of natural gas down the pipeline.

"I am thrilled with the performance of this monster well," says Mark Plummer, President and Founder of Chestnut Petroleum.
The Newark, East field is located primarily in Wise, Denton, and Tarrant counties in North Central Texas and is considered the core producing area of the Barnett Shale. As of May 10, 2010, Railroad Commission of Texas records show 13,902 gas wells in the Newark, East gas field, up from a total well count of just 150 in 1993. However, while the number of permits has held steady over the past fourteen months, the number of Newark, East well completions has declined from 135 wells in June 2009 to just six wells in June 2010. According to Tobin Map Data Trends, the Crowley Teeter #1H is just one of eight wells completed in May 2010 in the Newark, East field. Tobin Trends tracks lease and well activity in the Barnett Shale Play, Eagle Ford Shale Play and Haynesville Shale play.

Chestnut Petroleum is a privately owned independent owner-operator that conducts drilling, recompletion and reentry, and general operations in proven producing oil and natural gas fields primarily in Texas and Louisiana.

To learn more, visit the company's web site at http://www.chestnutpetroleum.com

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Wise County, Texas: Barnett Shale Update

By Andrea: http://oilshalegas.com

Exterra Energy, Inc. (EENI.OB) released an update today on the Barnett shale in Wise County, Texas. They recently acquired 3,100 acres in the Barnett shale, where 52 wells currently reside. They plan to develop 10 new wells on the property. Press Release below:

Aug 19, 2010 Exterra Energy, Inc. (EENI) announced today that the company has acquired 3,100 acres of mineral leases in the North West corner of the Barnett Shale in the dual oil/gas window of Texas. There are currently 52 wells on the property, of which 44 are producing an average of 35 BOPD. The non-producing eight wells are scheduled to be worked over and put back online immediately. Post work over they are projected to produce 5 BOPD each. This will bring the total daily production to 72 BOPD. The estimated 72 BOPD would calculate to approximately $114,600.00 monthly cash flow post operations and $1,375,200.00 annually.

Additional plans are to develop 10 new oil wells at an estimated cost of $75,000.00 per well, totaling $750,000.00. These 10 new wells are projected, by a third party independent engineer, to produce an estimated 20 BOPD each initially, and decline an estimated 25% the first year. The additional initial production would calculate to an estimated 200 BOPD for the 10 new Oil Wells Developed. Monthly additional cash flow is calculated at an estimated $355,000.00 monthly and $4,260,000.00 annually. Conservative cost to create this additional annual cash flow is $750,000.00. As previously announced, Exterra has a $10,000,000 LOC with Happy State Bank, TX, which can be used for the purchase of producing oil and gas properties. It is management's intention to begin to use this line in order to bring this work over and drilling project to a producing state.

This 10 well program, after being successful, will be followed by another 80 well drilling program. These drilling locations were confirmed by an independent third party engineer familiar with the field. After successfully unlocking all of the minerals in this shallow region it is Exterra's intent to go after the deeper zones which would include the dual completion Barnett Shale proven successfully in the area by EOG.

This acquisition is very exciting for Exterra and it adds to our planned acquisition of the Woodbine properties previously announced and expected to close soon. We like both of these areas and think they both hold very low risk as they combine current production, work over opportunities and new drilling deepening opportunities with extremely productive proven reservoirs.

Todd R. Royal, CEO, commented, "The acquisition of this new property located in the Barnett Oil/Gas window lends to our business plan of acquiring strong producing assets with solid upside potential that are located in proven, tested reservoirs and continue to increase shareholder value."

For more shale updates, visit: http://blackberrystocks.blogspot.com

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Topaz Resources, Inc. (TOPZ); Barnett shale Update

By Andrea: http://oilshalegas.com

Topaz Resources, Inc. (TOPZ) released an update on August 18, 2010 concerning their operations in the Barnett shale:

Topaz Resources, Inc. reported on the status of drilling operations on its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.

"We are pleased to report that drilling operations have passed the 6,000 foot level on this the first of three Barnett Wells as part of the Drilling Program we announced earlier this summer," stated Bob Lindsay, COO of Topaz Resources. "The well is planned to TD at 7,900 feet vertically in the Barnett Shale. Other shallower potential productive formations include the Strawn series and the Conglomerates. After reaching the planned TD depth, we will run a log and make the decision whether to complete it as a vertical well or to come up hole and kick it off as a horizontal well. This process has become common practice in the Barnett shale formation and enables us to achieve optimum results."

For more shale updates, visit: http://blackberrystocks.blogspot.com

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