Barnett Shale

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