Barnett

More Losses for Oil Patch as U.S. Rig Count Grinds Lower

More Losses for Oil Patch as U.S. Rig Count Grinds Lower

A continued slide in oil-directed activity helped drop the U.S. rig count another five units to 258 for the week ending Friday (July 10), according to the latest figures from Baker Hughes Co. (BKR). Four oil-directed rigs, along with one natural gas-directed, exited the United States during the period, putting the overall domestic tally 700…

July 10, 2020
Devon Revamps Barnett Sale to BKV with Closing Extended to December

Devon Revamps Barnett Sale to BKV with Closing Extended to December

Devon Energy Corp. has amended the terms of its Barnett Shale asset sale to Thailand’s Banpu Kalnin Ventures (BKV), with the Oklahoma City-based independent agreeing to divest the North Texas assets for $570 million in cash at closing and contingent payments of up to $260 million.

April 15, 2020

BKV Deal for Devon’s Barnett Assets Said Potential Opening for LNG Exports to Thailand

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 20, 2019

Devon Exits Barnett, Thailand’s BKV Expands Stakes in Lower 48 Natural Gas

Oklahoma City-based Devon Energy Corp., which gained entry into the unconventional natural gas business in 2002 with what at the time was a megadeal in the Barnett Shale, has agreed to sell the legendary assets in North Texas to Thailand’s Banpu Kalnin Ventures (BKV) for $770 million.

December 18, 2019

‘New’ Devon Casting Off Barnett, Canada to Transform into U.S. Oil Powerhouse

Devon Energy Corp. plans to cast off the asset that brought it to the unconventional dance floor in the early 2000s, the Barnett Shale, along with the Canadian portfolio, to complete its transformation into a pure-play U.S. oil producer.

February 20, 2019
Barnett Natural Gas Production Not Linked to Methane in Water Wells, Say Scientists

Barnett Natural Gas Production Not Linked to Methane in Water Wells, Say Scientists

No link has been found after four years of study between natural gas production activities in the Barnett Shale of North Texas and methane in water wells outside of Fort Worth, academic researchers said Tuesday.

September 25, 2018
Devon Takes $553M for Slice of Barnett Shale

Devon Takes $553M for Slice of Barnett Shale

Devon Energy Corp. is selling a piece of the Barnett Shale, the onshore play that brought it to the dance, for $553 million.

March 8, 2018

EV Market Penetration Seen as Positive Longer Term for U.S. NatGas Demand

If more electric vehicles (EV) are added to the U.S. transport mix, it actually could be a good thing for the U.S. natural gas market, according to the analyst team with Sanford C. Bernstein & Co.

December 26, 2017

Rice Energy Readying for EQT Acquisition With Bolt-Ons, Divestitures

Rice Energy Inc. is tying up loose ends ahead of a merger with EQT Corp. that’s expected to close in the fourth quarter, announcing Thursday that it recently added nearly 20,000 net acres to its core in the Appalachian Basin and sold the Barnett Shale assets it obtained in thebroader acquisition of Vantage Energy Inc. subsidiaries last year.

August 4, 2017
ConocoPhillips Exiting Gassy Granddaddy Barnett in $305M Deal

ConocoPhillips Exiting Gassy Granddaddy Barnett in $305M Deal

ConocoPhillips on Thursday continued its turn away from natural gas and to more oil-weighted projects after snagging $305 million from an affiliate of Miller Thomson & Partners LLC for its legacy gas-rich Barnett Shale portfolio.

June 29, 2017
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