Barnett

Barnett Exclusives

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Tough times and low demand add pressure on service providers in dry gas basins as operators “slow-walk” payment for services. Meanwhile, Eaglebine and Cotton Valley activity offers stability for some.

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While everyone is talking refrack opportunities in the Haynesville and Barnett, programs have been put on hold until commodity prices improve, including Devon Energy’s refrack effort in the Barnett.

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All is quiet in the Haynesville, Fayetteville and Barnett shales until operators see sustained natural gas prices of $2.90, according to Hart Energy’s Heard In The Field survey.

Barnett - Texas Drilling Permits Trends

7 Day Trend2 (-2)
30 Day Trend11 (-17)
1 Year Trend301 (-694)
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Barnett Gross Acreage

CompanyNet Acreage
Devon Energy600,000
EOG Resources298,000
Chesapeake Energy215,000
ConocoPhillips133,000
All Top Acreage Holders