Barnett Shale

BKV, EnLink to Capture Emissions from Natural Gas-Rich Barnett Shale

BKV, EnLink to Capture Emissions from Natural Gas-Rich Barnett Shale

BKV Inc., the biggest natural gas producer in the Barnett Shale, is partnering with EnLink Midstream LLC to develop what could be one of the first commercial carbon capture and sequestration (CCS) projects to come online in the United States. The project envisioned could begin in 2023 after the partners clinched a final investment decision…

June 13, 2022
ExxonMobil Says Adios to Barnett in $750M Deal with Denver’s BKV

ExxonMobil Says Adios to Barnett in $750M Deal with Denver’s BKV

ExxonMobil on Thursday said goodbye to the Barnett Shale in North Texas after securing $750 million from Denver-based BKV Corp. for the natural gas-rich portfolio in North Texas. The transaction, set to be completed by the end of June, would require additional payments to ExxonMobil contingent on future natural gas prices. The deal includes 160,000…

May 20, 2022
Diversified Energy Expanding Outside Appalachia Through Barnett, Haynesville Natural Gas Acquisitions

Diversified Energy Expanding Outside Appalachia Through Barnett, Haynesville Natural Gas Acquisitions

Appalachia-focused natural gas producer Diversified Energy Co. plc on Friday announced its second transaction in as many months to expand into a different gassy region of the United States. Birmingham, AL-based Diversified said it has entered into a conditional agreement to acquire upstream assets in the Barnett Shale of North Texas from Blackbeard Operating LLC…

May 28, 2021
Evolution Gains Barnett Foothold with $23M Tokyo Gas Deal

Evolution Gains Barnett Foothold with $23M Tokyo Gas Deal

Houston-based Evolution Petroleum Corp. is set to enter the Barnett Shale in North Texas with the acquisition of 23,000 net acres from Tokyo Gas Americas Ltd. Evolution said Wednesday it would pay $23.25 million for the nonoperated position, which currently produces about 22 MMcf/d of natural gas and 13,000 b/d of liquids. In percentage terms,…

April 1, 2021
Texas E&Ps Must Justify Reasons to Flare/Vent Natural Gas, Says RRC

Texas E&Ps Must Justify Reasons to Flare/Vent Natural Gas, Says RRC

Producers working Texas oilfields will be required to show why they need permission to flare or vent natural gas under updated rules approved by state regulators Wednesday. However, the three-member Railroad Commission of Texas (RRC) stopped short of imposing more stringent requirements to limit emissions.  For months the RRC has weighed how to balance exploration…

November 5, 2020
Devon Raises Lower 48 Oil Production Outlook, Accelerates Barnett Sale for Special Dividend

Devon Raises Lower 48 Oil Production Outlook, Accelerates Barnett Sale for Special Dividend

Lower 48 stalwart Devon Energy Corp. is working with fewer rigs and completion crews across its four core holdings in the Lower 48, but stronger oil production still is in sight for the year, along with a special dividend payment from former natural gas juggernaut, the Barnett Shale. CEO Dave Hager led a conference call…

August 5, 2020

Culprit in Texas Quakes Likely Wastewater Injection, Say Researchers

Researchers said an analysis of seismic activity within two geologic regions in Texas supports the assertion that a series of earthquakes that has struck the area since 2009 were caused by human activity, with injected wastewater from oil and gas drilling in the Barnett Shale possibly to blame.

November 29, 2017