Fayetteville Shale

Texas Rig Count Proves Again: The Bigger They Are...

The count of active rigs drilling for either oil or natural gas in the Lone Star State busted below the 400 barrier in the latest Baker Hughes Inc. rig count as the rout continued in the nation's oil patch. The U.S. crude-directed rig count fell 31 to 703 in the latest count. Read More

Rigs: One More Count Away From Down by Half?

If the Baker Hughes Inc. rotary rig count for North America during the March 23-27 week drops by 113, the tally of active rigs will be half of what it was a year ago. The count for the week ending March 20 shows a decline of 136 rigs in North America at 1,209 active, and that's down 983 from one year ago. Read More

EIA Says NatGas Reserves Up 10%; North Dakota Passes GOM in Crude

U.S. natural gas proved reserves increased nearly 10% and reached a record 354 Tcf in 2013, according to the U.S. Energy Information Administration (EIA). Meanwhile, North Dakota's crude oil and lease condensate proved reserves surpassed those of the federal Gulf of Mexico (GOM), ranking it second only to Texas among U.S. states. Read More

Big Four Shale Gas Plays Show Decline -- Not Plateau -- After 2020, Say University of Texas Researchers

The U.S. Energy Information Administration (EIA) and a bevy of independent analysts have predicted domestic natural gas production will climb rapidly over the long-term because of booming unconventional gas growth. However, the University of Texas at Austin (UT) is predicting production from the biggest shale gas plays -- Marcellus, Barnett, Fayetteville and Haynesville -- will peak by 2020 and decline thereafter. Read More

J-W Acquires Louisiana Properties From BHP Billiton

A subsidiary of J-W Energy Co., a privately-held exploration and production (E&P) company based in Dallas, said it has acquired oil and natural gas properties in northern Louisiana from Australia's BHP Billiton Ltd., a move that will increase its production totals and proven reserves. Read More