Barnett Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020

GlobalData, April 2012, Pages: 48

Barnett Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020

Summary

GlobalData's new report "Barnett Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020" provides insight into the exploration and development activities in the Barnett shale play. The report highlights the gas exploration potential of the Barnett shale play, providing details of the key exploration areas and the major companies exploring the Fort Worth basin of the Barnett shale 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 emphasizes the essential parameters for Barnett shale exploration and production, providing an overview of the various strategic developments for deals in the Barnett shale in the US.

Scope

The report analyzes the Barnett shale’s gas exploration and production activities in the US. The scope of the report includes -
- An overview of the oil and gas exploration in the Barnett shale.
- Discussion of the major issues and drivers affecting shale gas exploration in the Barnett shale.
- Information on drilling and exploration activities in the dfferent counties of Texas, including the core counties of Tarrant, Wise, and Johnson.
- An overview of the competitive landscape of shale gas exploration in the Barnett shale, detailing major companies operating in the region.
- Current exploration and production statistics for the Newark East Field of the Fort Worth Basin in the Barnett shale play. The report also provides forecasts for Barnett shale production from 2012–2020.
- Coverage and an overview of operations in the Barnett shale.
- Information on the major mergers and acquisitions in the Barnett shale play from 2007–2012.
- Details of major infrastructure developments in the play.
- Discussion of the cost per well and finding and development costs in the Barnett shale.

Reasons to buy

The report will enhance your decision-making capabilities. It will allow you to -
- Develop business strategies with the help of specific insights into the Barnett shale gas exploration market in the US.
- Plan your strategies based on expected developments in shale gas exploration activities in the US.
- Understand the competitive landscape of the shale gas market in the Barnett shale.
- Keep yourself informed of the key developments in this potentially game changing market.

Keywords

Shale, Barnett Shale, Barnett Shale Production Forecast, Production Forecast to 2020, Top Companies Operating in the Barnett shale

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 Gross Production as a Share of Texas’ Total Gross Gas Production
4.4 Barnett Shale, Production Analysis by County, 2004-2011
4.5 Barnett Shale, Cost Trends, 2012
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, 2012
4.7.1 Barnett Shale, Rig Count by County, 2011
4.8 Barnett Shale, Drilling Activity by Company, 2012
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 EOG Resources Inc
6.3 ExxonMobil Corporation
6.4 Chesapeake Energy Corporation
6.5 Quicksilver Resources Inc
7 Barnett Shale, Infrastructure
8 Barnett Shale, Mergers and Acquisition Activity in the Play, 2007-2012
9 Appendix
9.1 Market Definition
9.2 Abbreviations
9.3 Methodology
9.3.1 Coverage
9.3.2 Secondary Research
9.3.3 Primary Research
9.3.4 Expert Panel Validation
9.4 Contact Us
9.5 Disclaimer

1.1 List of Tables
Table 1: Barnett Shale Recoverable Resources, tcfe, 2012-
Table 2: Barnett Shale, Average Decline Rates Per Well, 2012-
Table 3: EOG Resources Inc, Initial Production Rates, Barnett Shale, November 2010
Table 4: EOG Resources Inc, Wells Drilled, Barnett Combo Play, 2010-2011
Table 5: Barnett Shale, Historic and Forecast Gross Production, bcfe, 2000-2020
Table 6: Barnett Shale (Newark East), Percentage Share of Texas’ Natural Gross Gas Production, 2005-2011-
Table 7: Barnett Shale (Newark East), Gross Gas Production by County, bcf, January 2011 to December 2011
Table 8: Barnett Shale, Cost Per Well for Major Companies ($m/well), 2012-
Table 9: Barnett Shale, Finding and Development Cost ($/Mcfe), 2012-
Table 10: Barnett Shale, Number of Drilling Permits, 2004 to December 2011-
Table 11: Barnett Shale (Newark East), Number of Wells Drilled, 1993 to 2011-
Table 12: Barnett Shale (Newark East), Number of Approved Drilling Permits for Gas Wells in Major Core Counties, 2009-February 2012-
Table 13: Barnett Shale (Newark East), Number of Drilling Permits Issued by Total Core County, 2009-February 2012-
Table 14: Barnett Shale (Newark East), Number of Drilling Permits for Top Operators, 2009-February 2012-
Table 15: Barnett Shale, Major Companies by Acreage, Net Acres, 2012-
Table 16: Barnett Shale (Newark East), Major Companies by Gross Gas Production, bcf, 2005-2011-
Table 17: Devon Energy Corporation, Barnett Shale Reserves and Production, Bcfe, 2006-2011-
Table 18: Devon Energy Corporation, Barnett Shale, Key Operational Parameters, 2010-2011-
Table 19: EOG Resources Inc, Barnett Shale, Key Operational Parameters, 2010-2012-
Table 20: ExxonMobil Corporation, Barnett Shale, Key Operational Parameters, 2012-
Table 21: Chesapeake Energy Corporation, Barnett Shale, Key Operational Parameters, 2012-
Table 22: Chesapeake Energy Corporation, Barnett Shale Reserves and Production (bcfe), 2006-2011-
Table 23: Quicksilver Resources Inc, Barnett Shale, Key Operational Parameters, 2010-2012-
Table 24: Barnett Shale, Number of Existing Natural Gas Pipelines, By Company, 2010-2011
Table 25: Barnett Shale Play, M&A Activities, 2007-December 2011
Table 26: Barnett Shale, Recent Deals, 2008-2012-

1.2 List of Figures
Figure 1: Barnett Shale, Texas, 2012
Figure 2: Barnett Shale, Texas, Location Map, 2012-
Figure 3: Barnett Shale Combo Play Overview, Texas, 2012
Figure 4: Barnett Shale, Historic and Forecast Gross Production, bcfe, 2000-2020
Figure 5: Barnett Shale (Newark East), Percentage Share in Texas’ Natural Gross Gas Production, 2005-2011-
Figure 6: Barnett Shale (Newark East), Gross Gas Production by County, bcf, January 2004 to December 2011
Figure 7: Barnett Shale (Newark East), Number of New Drilling Permits Issued, 2004 to December 2011-
Figure 8: Barnett Shale (Newark East), Number of Wells Drilled, 1993 to 2011-
Figure 9: Barnett Shale (Newark East), Number of Approved Drilling Permits for Gas Wells in Major Core Counties, 2009-February 2012-
Figure 10: Barnett Shale (Newark East), Number of Drilling Permits Issued by Total Core County, 2009-February 2012-
Figure 11: Barnett Shale, Rig Count by Type, 2011
Figure 12: Barnett Shale (Newark East), Number of Drilling Permits for Top Operators, 2009 to February 2012-
Figure 13: Barnett Shale, Major Companies by Acreage, Net Acres, 2012-
Figure 14: Barnett Shale (Newark East), Major Companies by Gross Gas Production, bcf, 2011-
Figure 15: Barnett Shale (Newark East), Major Companies by Gross Gas Production, bcf, 2005-2011-
Figure 16: Barnett Shale (Newark East), Major Companies by Production, bcfe, January 2011-December 2011-
Figure 17: Devon Energy Corporation, Barnett Shale Reserves and Production, Bcfe, 2006-2011-
Figure 18: Chesapeake Energy Corporation, Barnett Shale Reserves and Production (bcfe), 2006-2011-
Figure 19: Quicksilver Resources, Barnett Shale, Operational Map, 2012-
Figure 20: Barnett Shale, Texas Pipeline Infrastructure Overview, 2011
Figure 21: Barnett Shale Play, Merger and Acquisition Activity, 2007-December 2011

Barnett Shale Pioneers Progress in US Play, Driving Unconventional Oil and Gas Growth in the US

The major role played by the strategically developed Barnett shale in the US natural oil and gas production is expected to provide a model for the development of other shale plays, according to a new report by GlobalData.

The new report* states that the Barnett shale/Barnett shale combo has historically attracted substantial investments from oil and gas companies. High crude oil prices are anticipated to encourage oil and gas companies to explore and develop Barnett shale combo projects in the future.

Gas wells in the Barnett shale reached a total of 15,731 in March 2012. Drilling and exploration activities have continued to improve, due to advanced fracturing technology that allows oil and gas companies to operate at substantially high recovery rates in the initial production phase. This means that fewer rigs are required in the drilling process to drill a higher number of wells than ever before, improving the productivity of the wells drilled. Operators have also improved their techniques to reduce drilling times, leaving many wells to be drilled from one multi-well pad, which has led to growing efficiency in production rates.

Clearly, these new technologies are paying off for major oil and gas companies, who have been busy acquiring new resources in the liquid-rich area of the Barnett shale play. EV Energy Partners and Enervest have expanded their acreage position in the Barnett shale combo by acquiring natural gas assets worth $1,083m in November 2011. Pioneer Resources has also planned to invest around $170m.

The total number of permits issued in Barnett shale reached 3,642 in 2011. With 1,231 new gas permits issued in 2011 alone, interest is increasing in development and drilling activities in the shale play. It is anticipated that the total number of permits will continue to grow, with more drilling locations popping up not only in this shale play, but in other plays that can mimic its success.

During 2003-2011, the cumulative gross gas production of the Barnett Shale was 10.8 trillion cubic feet (tcf). It is expected that future gross production will reach 2,068.6 billion cubic feet equivalent (bcfe) in 2012, later stabilizing at 2,562.5bcfe in 2020.

*Barnett Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020

This report provides insight into the exploration, production, and development of the Barnett gas shale in the US. It highlights the gas exploration potential in the Fort Worth region of the Barnett shale play, providing details of the key exploration areas, major companies exploring the Barnett shale, and the drivers and challenges for shale gas exploration in the US. The report discusses the drilling and exploration activities in different counties of the state of Texas, and also highlights the parameters for gas exploration and production, such as the permits issued in different counties, the companies involved, and the drivers and challenges to development.

Devon Energy Corporation
EOG Resources Inc
ExxonMobil Corporation
Chesapeake Energy Corporation
Quicksilver Resources Inc

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