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Barnett Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020 - Product Image

Barnett Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020

  • Published: December 2011
  • Region: United States
  • 42 pages
  • GlobalData

FEATURED COMPANIES

  • Devon Energy Corporation
  • EOG Resources Inc
  • Exxon Mobil Corporation
  • Quicksilver Resources Inc
  • MORE

Barnett Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020

Summary

“Barnett Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020” is the latest report from GlobalData, the industry analysis specialist, which provides insight into the shale gas exploration and development potential in the Barnett play. The report also provides details of the key exploration shale areas and major companies exploring the Fort Worth Basin of the Barnett Shale Play. The report also highlights the parameters for gas exploration and production, and discusses the challenges involved in the shale gas exploration and production activities in the play. The report discusses drilling activities in the Fort Worth region of the Barnett shale play in the US, detailing the companies involved and their coverage across the different counties of Texas. The report also discusses the drivers and challenges to the development of the play.

The Barnett shale play is a large onshore gas field and has driven the growth in the shale gas industry. It is estimated to contain about one-third of the total proven reserves from shale plays in the US. The shale READ MORE >

1
1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guidance
3 Barnett Shale Overview
4 Barnett Shale, Operational Overview
4.1 Barnett Shale, Well Profile
4.2 Barnett Shale, Initial Production Rates
4.3 Barnett Shale, Production Trends, 2000-2020
4.3.1 Barnett Shale, Historic and Forecast Production 2000-2020
4.3.2 Barnett Shale Production as a Share of Texas’s Total Production
4.4 Barnett Shale, Production Analysis by County, 2009-2011
4.5 Barnett Shale, Cost Trends, 2011
4.5.1 Well Costs
4.5.2 Finding & Development Costs
4.6 Barnett Shale, Drilling Activity, 2010-2011
4.6.1 Barnett Shale, Permits Issued
4.6.2 Barnett Shale, Wells Drilled
4.7 Barnett Shale, Drilling Activity by County, 2011
4.8 Barnett Shale, Drilling Activity by Company, 2011
5 Barnett Shale, Competitive Landscape
5.1 Barnett Shale, Major Companies by Acreage
5.2 Barnett Shale, Major Companies by Production
6 Barnett Shale, Analysis of Top Five Companies
6.1 Devon Energy Corporation
6.2 Chesapeake Energy Corporation
6.3 Exxon Mobil Corporation
6.4 EOG Resources Inc
6.5 Quicksilver Resources Inc
7 Barnett Shale, Infrastructure
8 Barnett Shale, Mergers and Acquisition Activity in the Play, 2007-2011
9 Appendix
9.1 Abbreviations
9.2 Methodology
9.2.1 Coverage
9.2.2 Secondary Research
9.2.3 Primary Research
9.2.4 Expert Panel Validation
9.3 Contact Us
9.4 Disclaimer

1.1 List of Tables
Table 1: Barnett Shale Recoverable Resources, tcf, 2011
Table 2: Barnett Shale, Average Decline Rates Per Well, 2011
Table 3: Initial Production Rates for EOG Resources Inc, November 2010
Table 4: Barnett Combo Play, Recent Well Drilled by EOG Resources Inc, 2010
Table 5: Barnett Shale, Historic and Forecast Production, bcfe, 2000-2020
Table 6: Barnett Shale, Percentage Share of Texas’s Natural Gas Production, 2004-May 2011
Table 7: Barnett Shale, Gas Production by County, bcf, January 2010 to June 2011
Table 8: Barnett Shale, Cost Per Well for Major Companies ($m), 2011
Table 9: Barnett Shale, Finding and Development Cost Per Mcfe, 2011
Table 10: Barnett Shale, Number of Drilling Permits, 2004 to July 2011
Table 11: Barnett Shale (Newark East), Number of Wells Drilled, 1993 to May 2011
Table 12: Barnett Shale, Number of Approved Drilling Permits for Gas Wells in Core Counties, 2009-June 2011
Table 13: Barnett Shale, Number of Drilling Permits Issued by Core County, 2009-June 2011
Table 14: Barnett Shale, Number of Drilling Permits for Top Operators, 2009-June 2011
Table 15: Barnett Shale, Major Companies by Acreage, Net Acres, 2011
Table 16: Barnett Shale, Major Companies by Gross Gas Production, bcf, 2010
Table 17: Devon Energy Corporation, Barnett Shale Reserves and Production, MMboe, 2006-2010
Table 18: Devon Energy Corporation, Barnett Shale, Key Operation Parameters, 2010-2011
Table 19: Chesapeake Energy Corporation, Barnett Shale, Key Operation Parameters, 2010-2011
Table 20: Chesapeake Energy Corporation, Barnett Shale Reserves and Production (bcfe), 2006-2010
Table 21: Quicksilver Resources Inc, Barnett Shale, Key Operational Parameters, 2010-2011
Table 22: Barnett Shale, Number of Existing Natural Gas Pipelines, By Company, 2010-2011
Table 23: Barnett Shale Play, M&A Activities, 2007- May 2011
Table 24: Barnett Shale, Recent Deals, 2009-2011

1.2 List of Figures
Figure 1: Barnett Shale, Texas, 2011
Figure 2: Barnett Shale, Texas, Location Map, 2011
Figure 3: Barnett Shale, Historic and Forecast Production, bcfe, 2000-2020
Figure 4: Barnett Shale, Percentage Share In Texas’s Natural Gas Production, 2004-May 2011
Figure 5: Barnett Shale, Gas Production by County, bcf, January 2004 to June 2011
Figure 6: Barnett Shale (Newark East), Number of Wells Drilled, 1993 to May 2011
Figure 7: Barnett Shale, Number of Approved Drilling Permits for Gas Wells in Core Counties, 2009 to June 2011
Figure 8: Barnett Shale, Number of Drilling Permits, 2009-June 2011
Figure 9: Barnett Shale, Rig Count by Type, 2011
Figure 10: Barnett Shale, Number of Drilling Permits for Top Operators, 2009 to June 2011
Figure 11: Barnett Shale, Major Companies by Acreage, Net Acres, 2011
Figure 12: Barnett Shale, Major Companies by Gross Gas Production, bcf, 2010
Figure 13: Barnett Shale, Major Companies by Gross Gas Production, bcf, 2005-2010
Figure 14: Barnett Shale, Major Companies by Production, bcfe, January 2011-June 2011
Figure 15: Devon Energy Corporation, Barnett Shale Reserves and Production, MMboe, 2006-2010
Figure 16: Chesapeake Energy Corporation, Barnett Shale Reserves and Production (bcfe), 2006-2010
Figure 17: Quicksilver Resources, Barnett Shale, Operational Map, 2011
Figure 18: Barnett Shale, Texas Pipeline Infrastructure Overview, 2011
Figure 19: Barnett Shale Play, Merger and Acquisition Activity, 2007-May 2011

GlobalData’s new report “Barnett Shale in the US, 2011 - Gas Shale Market Analysis and Forecasts to 2020” analyzes the recent activities in the Barnett shale play. The report details the operational activities in the play analyzing drilling activities, cost trends, initial production rates and well decline curves. The report also provides information on production trends in the Barnett shale play with forecast to 2020. It analyzes the competitive landscape of the Barnett shale, detailing operations of top five companies. The report highlights infrastructure details in the shale play. It also details the merger and acquisition activities in the shale play during the period 2007-till date.

The Barnett Shale Continues to Contribute to the US Natural Gas Production

The Barnett shale was the first shale gas play to be strategically developed and provides a model for the development of other shale plays. There were total of 15,269 Barnett wells as of August 2011, of which two-thirds horizontal and one-third are vertical. The cumulative gas production of the Barnett Shale is 9.27 trillion cubic feet (tcf) of which the majority comes from horizontal wells. It is expected that the production from the Barnett shale will reach 2,079.5 billion cubic feet equivalent (bcfe) in 2011 and stabilize at 1,323.8bcfe in 2020. The shale play will continue to play a major role in the US natural gas production.

The figure below details historic and forecast production from the Barnett shale during 2000–2020.

Barnett Shale, Historic and Forecast Production (bcfe), 2000-2020

Source: GlobalData, Texas Railroad Commission

Modest Drilling Activities amidst Fluctuating Natural Gas Prices

Fluctuating natural gas prices have slowed down E&P activities in the Barnett shale play. Although drilling activities in the shale play have been subdued due to the low demand for natural gas, improved technology has provided the means to operate at high recovery rates in the initial production phase of the Barnett shale. The number of permits issued increased from 1,112 in 2004 to 3,152 in 2011, indicating increased interest in the shale play. Although fewer permits were approved during 2009–2011 due to low natural gas prices, companies such as Legend natural gas were keen to enter the market due to the potential of the play. With further discoveries in other counties in Texas, the total numbers of permits is set to increase and lead to more drilling locations in the Barnett play.

Devon Energy Corporation
Chesapeake Energy Corporation
Exxon Mobil Corporation
EOG Resources Inc
Quicksilver Resources Inc

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