Today, 1/28/09, Carrizo Oil & Gas provided an update on the Barnett Shale natural gas field located in Tarrant County, TX and Denton County Texas.
Since January 1st, 2009 the company has brought eleven new Barnett Shale horizontal natural gas wells on production. The combined daily production from these wells amounts to slightly over 31.5 MMcfe/day gross or 22 MMcfe/day net to Carrizo. President and CEO S. P. "Chip" Johnson, commented, "The initial production rates from these wells meet our expectations for core Barnett locations although right of way and permitting complications delayed them from coming on-stream in December as originally anticipated. Included in these new wells is our first 'stagger stacked' lateral well which was drilled on the Cain lease in southeast Tarrant County. This well tests the concept of placing two layers of horizontal wells in thicker parts of the shale. The well came on production and is performing as well as the other five wells on the lease, providing us encouraging early data to use in optimizing our future Barnett exploitation program. We currently have four rigs drilling in the core of the Barnett, three in southeast Tarrant County and one in Denton County."
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Showing posts with label oil gas drilling companies. Show all posts
Showing posts with label oil gas drilling companies. Show all posts
Wednesday, January 28, 2009
Thursday, August 14, 2008
Marcellus Shale: Wyoming County, PA landowners sign - 8/14/08
A packed Tunkhannock Area High School auditorium buzzed on Wednesday evening with one topic: natural-gas lease profits.
The rush is on in western Wyoming County, with the Wyoming County Landowners’ Group and its more than 45,000 acres in the gas-filled Marcellus Shale region recently accepting a lease agreement with the Unit and Citrus oil and gas drilling companies.
Landowners signed for $2,850 per acre sign-on bonuses, minus consultant payments, for five-year leases with 17 percent drilling royalties. If the lands aren’t drilled within five years, there are two one-year extensions each for $1,000 per acre.
The deal was brokered by Jack Sordoni and Chris Robinson, both oil and gas drillers in western Pennsylvania. The terms of the lease provide them with 15 percent of the $590-per-acre sign-on bonus increase they brokered from the $2,260 per acre the land group initially negotiated.
http://www.timesleader.com/news/Wyoming_County_landowners_sign_brokered_gas-drilling_lease_deals_08-13-2008.html
The rush is on in western Wyoming County, with the Wyoming County Landowners’ Group and its more than 45,000 acres in the gas-filled Marcellus Shale region recently accepting a lease agreement with the Unit and Citrus oil and gas drilling companies.
Landowners signed for $2,850 per acre sign-on bonuses, minus consultant payments, for five-year leases with 17 percent drilling royalties. If the lands aren’t drilled within five years, there are two one-year extensions each for $1,000 per acre.
The deal was brokered by Jack Sordoni and Chris Robinson, both oil and gas drillers in western Pennsylvania. The terms of the lease provide them with 15 percent of the $590-per-acre sign-on bonus increase they brokered from the $2,260 per acre the land group initially negotiated.
http://www.timesleader.com/news/Wyoming_County_landowners_sign_brokered_gas-drilling_lease_deals_08-13-2008.html
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