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.
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Articles from Barnett
Crestwood, BlueStone Sign Barnett Agreement; Quicksilver Drops Motion
The bankruptcy case of Quicksilver Resources Inc. took several turns on Wednesday. The company closed on the court-approved sale of some of its assets in the Barnett Shale to BlueStone Natural Resources II for $245 million, and Crestwood Equity Partners LP said it struck a 10-year gathering and processing agreement with BlueStone.
Total Agrees to Pay Fort Worth $6M for Underpaying Barnett NatGas Royalties
Total E&P USA agreed to pay $6 million to the city of Fort Worth, TX for underpaying natural gas royalties in the Barnett Shale on leases it co-owns with Chesapeake Energy Corp.
EVEP to Complete Only 10 Barnett Wells, Cancel All Onshore Drilling
Houston’s EV Energy Partners LP (EVEP) has canceled all of its natural gas-heavy drilling projects in the U.S. onshore and plans to complete only 10 Barnett Shale wells this year. However, natural gas production still should be about 15% higher year/year, with oil output up 23%.
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.
Bass, Others Settle Barnett Shale Royalties Lawsuit With Chesapeake
Texas oil and gas investor Ed Bass and more than a dozen other Barnett Shale mineral rights owners settled a lawsuit against Chesapeake Operating Inc. for alleged underpayment of oil and gas royalties. Terms are confidential.
EVEP Focused on Estimated $9B of Assets Up For Grabs
EV Energy Partners LP (EVEP) saw its production decline during the second quarter with bad weather in Texas and Appalachian Basin maintenance shut-ins, but the company is keeping a sharp eye on its estimate of $9 billion in assets on, or soon to be on, the market.
Barnett Shale Water Contaminants Point to Need for More Study, Say Researchers
Samples taken from drinking water sources within or near active natural gas wells in the Barnett Shale contain metals and chemical compounds…
Barnett Shale Water Contaminants Point to Need for More Study, Say Researchers
Samples taken from drinking water sources within or near active natural gas wells in the Barnett Shale contain metals and chemical compounds at levels exceeding federal limits, according to a peer reviewed study that expands on findings made in 2013.
Researchers: Injection, Extraction Wells ‘Likely’ Cause of Texas Quakes
Seismologists at Southern Methodist University said Tuesday that high volumes of wastewater injection combined with saltwater extraction…