Mitchell Energy Doubles Production in N. Texas
Mitchell Energy & Development's gas production in North
Texas is soaring. The company announced that its development
program in the Newark East Barnett shale field is exceeding
expectations. In a little more than a year's time, the company's
gross natural gas production in the Barnett field has doubled to
172 MMcf/d. At this rate, Mitchell Energy will meet, and exceed its
target growth of 15% this year.
"Over the last few years our estimated recovery efficiency in
the Barnett [field] has more than doubled, but we are still only
recovering less than 10% of the total gas in place. Light sand
fracture technology has helped us tremendously in our efforts, but
we continue to look for new ways to increase reserves," said
Chairman George P. Mitchell. The light sand fracture technique
reduces total well costs by 20% the company said.
The Barnett field is about 40 miles north of Fort Worth and
ranges from 7,000 to 8,000 feet in depth. The overall gas
accumulation is estimated at 10 Tcf of recoverable reserves.
"We knew we had found a crucial key to unlocking the potential
of this tight gas reservoir when the results from our light sand
fracture completion technology came pouring in," said Mitchell,
"but now we're also able to use this technology to significantly
extend the life of a well and increase the amount of reserves
recovered per well. The benefits of this combination are magnified
when you consider that we likely have another 2,000 to 5,000
undrilled locations even after working the Barnett play for nearly
©Copyright 2000 Intelligence Press, Inc. All rights
reserved. The preceding news report may not be republished or
redistributed in whole or in part without prior written consent of
Intelligence Press, Inc.