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Tag Archives: barnett shale

Settlement reach in Chesapeake oil, gas royalties fight

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DALLAS — Chesapeake Operating Inc. and some Barnett Shale mineral rights owners have reached an out-of-court settlement over alleged underpaid oil and gas royalties. The settlement announced Wednesday involves more than a dozen mineral rights owners, including billionaire investor Edward Bass of Fort Worth. Terms weren’t released. Oklahoma City-based Chesapeake has handled production activities on some of the North Texas ...

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Barnett Shale wells rank high for water usage

Drillers using hydraulic fracturing in the Barnett Shale were among the largest users of water when plumbing the depths in search of oil and natural gas, according to a first-ever nationwide analysis of water usage by energy companies by the U.S. Geological Survey. In a peer-reviewed paper to be published in Water Resources Research, energy companies working in the watershed ...

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Texas officials find (again) air emissions safe in the Barnett shale

A recent peer-reviewed study is a gust of fresh air for shale development in Texas. Analysis found that North Texas natural gas drilling in the Barnett Shale has not contributed to dangerous increases in harmful levels of air emissions. In a study published by scientists at the Texas Commission on Environmental Quality (TCEQ) in the Journal of Unconventional Oil and ...

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No rigs lost last week in the Eagle Ford

The Eagle Ford Shale has seen a consistent reduction of operating rigs for roughly 3 and a half months. But, if you noticed late last week’s rig count update from Baker Hughes, you may have realized the silver lining of rig stabilization, where the Eagle Ford saw no declines in rig count. The San Antonio Business Journal reported that while ...

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Earthquakes have shaken up the Permian

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According to data gathered from the U.S. Geological Survey (USGS), over the last two weeks, three earthquakes have rattled the Permian Basin in its oil and natural gas regions. The information collected from the USGS shows that the earthquakes occurred along the Pecos and Reeves county lines.  The first earthquake hit the Richter scale with a 2.8 magnitude and was ...

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Bankruptcy judge approves continuation of Quicksilver operations

Quicksilver Resources received temporary approval from a bankruptcy judge to continue operations, allowing it to pay employees and honor its royalty obligations. U.S. District Court Judge Laurie Silverstein in Delaware signed the interim orders Thursday as part of the Chapter 11 bankruptcy reorganization petition Quicksilver filed on Tuesday. In addition, Quicksilver is authorized to honor working interest obligations, and others ...

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Quicksilver Resources files for Chapter 11 bankruptcy

FORT WORTH – Quicksilver Resources, weighed down by billions of dollars in debt and vexed by perennially-low natural gas prices, filed for bankruptcy protection on Tuesday. The Fort Worth-based company made a big move into the Barnett Shale and other shale natural gas fields across the country and in Canada in the last decade, and then struggled with a big ...

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