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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 20 years."
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