Friday, April 24, 2009

Barnett Shale: Best Well Yet?

The Barnett Shale still has a lot of life in it, to say the least. It looks like these shale gas plays are unlike conventional oil and gas fields which exhibit steady and predictable decline. It seems technology and production rates just keep improving.

Best Barnett Shale well ever?

By OGJ editors HOUSTON, Apr. 21 -- (source)

Range Resources Corp., Fort Worth, completed a well at what it believes to be the highest 30-day average reported to date from any Barnett shale well.

The well, in southern Tarrant County in the Fort Worth basin play, averaged 9.6 MMcfd of dry gas in its first 30 days on line.

The well went to 7,350 ft true vertical depth and has a 2,100-ft lateral. Range Resources was still leasing around the well in mid-April.

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