The Barnett Shale’s natural gas production potential is “slowly declining;” however, total resource recovery from the granddaddy of shale plays is expected to be three times what has been produced to date, according to research conducted by the Bureau of Economic Geology (BEG) at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation.
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Study: Barnett Slowing But Not Nearly Done
The Barnett Shale’s natural gas production potential is “slowly declining;” however, total resource recovery from the granddaddy of shale plays is expected to be three times what has been produced to date, according to research conducted by the Bureau of Economic Geology (BEG) at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation.
Barnett Rocks Still Have Plenty of Gas
The Barnett Shale’s natural gas production potential is “slowly declining;” however, total resource recovery from the granddaddy of shale plays is expected to be three times what has been produced to date, according to research conducted by the Bureau of Economic Geology (BEG) at The University of Texas at Austin and funded by the Alfred P. Sloan Foundation.
Shale Drilling Activity Increases 38% Led by Oil/Liquids Plays
Oil- and liquids-rich natural gas plays marched to the forefront of drilling activity in the past year with the Niobrara, Eagle Ford and Bakken leading a 38% increase in active rigs from 684 active rigs a year ago to 947 rigs as of Jan. 7, according to a shale basin rig count compiled by NGI’s Shale Daily.