World Oil (WO) – Sage Natural Resources LLC recently completed its 2022 Barnett Drilling program, successfully drilling 30 horizontal wells targeting the Barnett shale formation in North Texas. The 30-well Barnett shale drilling program totaled 96 miles drilled. The average lateral length was approximately 8,200 feet per well, with average spud to rig release under 13 days. On average, each
Chron A storied oil company that got its start in East Texas is seeking its latest fortune in the Permian Basin of West Texas. Founded in in 1934, Hunt Oil Co. drilled its first oil wells in the Piney Woods of East Texas, and over the decades it developed projects around the globe. Closer to home, the independent and privately
Houston Chronicle Devon Energy is selling its position in Texas’ Barnett shale for $770 million, leaving the birthplace of the shale revolution without any top industry players. The shale boom started with George P. Mitchell in the Dallas-Fort Worth metroplex’s Barnett shale and he eventually sold his Mitchell Energy to Oklahoma-based Devon in 2002 for more than $3 billion.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Harvest Oil & Gas sells Barnett shale assets for $72 million Harvest Oil & Gas Corporation (stock ticker: HRST), formerly EV Energy Partners L.P., has entered into a definitive agreement with an undisclosed buyer to sell all of its interests in the Barnett shale formation for $72 million. For the first
By Bevo Beaven, Editor, Oil & Gas 360 Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion. Devon secured net proceeds from the deal of US $2.5 billion. The company said it plans to repatriate the net sales proceeds
ConocoPhillips (NYSE: COP) announced it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million. Production associated with the Barnett assets for the first half of 2018 averaged 9 thousand barrels of oil equivalent per day, of which approximately 55 percent was natural gas and 45 percent was
Total exercises its preemption rights for 100% ownership of Barnett Shale assets French oil-major Total (ticker: TOT) announced that it will exercise its preemption right to acquire the remaining 75% interest in its jointly held Barnett Shale operations in North Texas from Chesapeake Energy (ticker: CHK). Total E&P USA, the company’s U.S. branch, has held 25% interest in the assets
UPDATE: The Texas Oil and Gas Association (TXOGA) has filed an injunction in state court in Denton to stop a fracing ban passed by the city. According to the TXOGA petition, “the ordinance … exceeds the limited authority of home-rule cities and represents an impermissible intrusion on the exclusive powers granted by the Legislature to state agencies.” Frac bans
Portfolio companies of KKR and Riverstone Holdings LLC have merged to create Trinity River Energy, LLC, according to a news release on July 9, 2014. The two portfolio companies, formerly known as KKR Natural Resources Funds and Legend Production Holdings, LLC, did not reveal the financial terms and the transition is expected to be completed by the end of Q3’14.
FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.
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