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

Barnett Shale: Devon Energy DVN February 2009

Devon Energy came out with 4th Quarter earnings and gave an update on the Barnett Shale in Texas.

( From Seeking Alpha )

Moving now to our fourth quarter operating highlights, starting with the Barnett Shale field in North Texas, we are continuing running 23 Devon operated rigs compared with a peak of 39 rigs in the fourth quarter. This curtailment in activity is reflected in our average fourth quarter net production of 1.17 Bcf equivalent per day. This was up 4% over the third quarter and up 25% over the fourth quarter of 2007.

Looking forward in 2009, we plan to invest about 750 million of capital in the Barnett and drill over 200 operated wells. We plan to decrease the number of operated rigs to 8 and we'll focus primarily on the continuing success of our 1000 foot and 500 foot offset infill programs.

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