What do you do when the Fort Worth Barnett Shale is your company’s largest play with estimated reserve potential of 1.9-2.5 Tcfe net in Johnson County alone? Why, you expand your acreage position to the south and west, picking up acreage in Hill County to the south and Palo Pinto County to the West and growing potential reserves to 4.5-6.7 Tcfe net.
Johnson
Articles from Johnson
EOG Resources Looks to Repeat Barnett Success
What do you do when the Fort Worth Barnett Shale is your company’s largest play with estimated reserve potential of 1.9-2.5 Tcfe net in Johnson County alone? Why, you expand your acreage position to the south and west, picking up acreage in Hill County to the south and Palo Pinto County to the West and growing potential reserves to 4.5-6.7 Tcfe net.
Energy Transfer Projects Target Barnett Production
Energy Transfer Partners LP of Dallas announced two projects Wednesday: a natural gas processing facility in Johnson County, TX, and a 36-inch pipeline expansion connecting the Barnett Shale to the company’s 30-inch Texoma pipeline. They are further evidence of the growing role of gas production from the prolific Barnett Shale.
Chesapeake Buying a Money Maker in the Barnett Shale
Chesapeake Energy Corp. is picking up 39,000 net acres of Barnett Shale leasehold in Johnson and Tarrant counties, Texas, 30 MMcfe/d of current production and $55 million worth of midstream assets in an $845 million cash deal with Four Sevens Oil Co. Ltd. and its partner Sinclair Oil Corp. Chesapeake also is spending $87 million to buy 28,000 net acres of leasehold in the same area from other sellers.
People
Dominion announced Monday the retirement of Edgar M. Roach, Jr. as president and CEO of Dominion Delivery, effective Dec. 1. Roach will be succeeded by Admiral Jay L. Johnson, who joined Dominion two years ago as senior vice president-business excellence when he retired as the United States Chief of Naval Operations. The company also announced the retirement of James P. O’Hanlon as president and COO of Dominion Energy, also effective Dec. 1. O’Hanlon’s responsibilities will be assumed and divided between two Dominion senior vice presidents, Paul D. Koonce and Mark E. McGettrick. Dominion said Roach and O’Hanlon will remain active as company employees until Feb. 1 to ensure a smooth transition. Koonce and McGettrick will report to Thomas F. Farrell, CEO of Dominion Energy. Koonce will become CEO-transmission at Dominion Energy, where he will continue to oversee the company’s energy trading and will add responsibility for natural gas and electric transmission management. Gary L. Sypolt, now president of the Dominion Transmission natural gas pipeline, will add electric transmission to his responsibilities and become president of Dominion’s electric and natural gas transmission unit. Kevin T. Howell will remain president of Dominion Energy Clearinghouse. Both will report to Koonce. Dominion said McGettrick will be Dominion Energy’s president and CEO-generation and relinquish his position as president of Dominion Resources Services. He will be replaced by Mary C. Doswell, who is now vice president-billing & credit in Dominion Delivery.
New Mexico Getting Electric Customer Choice
New Mexico Gov. Gary Johnson signed into law a bill opening thestate’s electric power market to consumer choice beginning in 2001.