Barnett

EV Energy Partners LP (EVEP) has divested 16% of its Barnett Shale position and replaced it with a 5.8% working interest in the Eagle Ford Shale.

French oil major Total SA has exercised its preferential rights to leapfrog over a prospective buyer and become sole owner and operator of the Barnett Shale leasehold it has co-owned with Chesapeake Energy Corp. since 2009. Meanwhile, Chesapeake is boosting its annual production growth target — even with the Barnett sale — and forecasting cash flow neutrality in 2018.

News from the Permian Basin continues to improve for explorers, with Apache Corp. on Wednesday announcing it has unearthed a huge play in a less traveled area of West Texas that may hold 8.1 billion boe of resources, with at least 75 Tcf of rich natural gas and 3 billion bbl of oil in the Barnett and Woodford formations alone.

Chesapeake Energy Corp., once the biggest natural gas operator in North Texas, agreed late Wednesday to convey its Barnett Shale stakes to First Reserve Corp.-backed Saddle Barnett Resources LLC, a deal that allows it to, among other things, terminate a costly natural gas gathering agreement with Williams Partners LP and boost operating income through 2019.

The U.S. unit of Tokyo Gas Co. Ltd. has closed a deal to acquire Eagle Ford Shale assets a little more than three years after the Japanese utility company entered the Barnett Shale.

Chesapeake Energy Corp. and Barnett Shale partner Total E&P USA agreed Monday to pay $52.5 million to settle lawsuits with more than 13,000 people who had claimed they were underpaid royalties for natural gas leases.

How many drilling rigs are still running in the Barnett Shale? The exact number depends upon whom you ask, but the simplest answer is available from anyone: far fewer than there used to be.

One rig returned to the Barnett Shale in the latest tally of active rigs compiled by Baker Hughes Inc. (BHI). Meanwhile, analysts at Jefferies are looking for a natural gas supply response.

How many drilling rigs are still running in the Barnett Shale? The exact number depends upon whom you ask, but the simplest answer is available from anyone: far fewer than there used to be.