Barnett Shale

Downturn Raises Funding Concern at Texas Railroad Commission

The Texas oil and natural gas boom might have turned to a bust for now, but that hasn't slackened work at the Railroad Commission of Texas (RRC). Staff has shifted attention from permitting new wells to the need to plug nearly 10,000 abandoned wells. Meanwhile, revenues have dropped because of permitting fee and production tax declines. Read More

Quicksilver Holding Auction for U.S. Assets; Canadian Sale to Come Later

Quicksilver Resources Inc. put its U.S. assets, including one-time high-valued ones in the Barnett Shale, on the auction block Wednesday as part of its Chapter 11 voluntary bankruptcy filing last March (see Shale Daily, Feb. 18, 2015). The Fort Worth, TX-based energy company's Canadian assets, which were not part of the bankruptcy, would be sold separately. Read More