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Fwd: [nhnenews] PO: Huge Natural Gas Field 'Discovered' In Texas

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  • chasmauch@aol.com
    NHNE News List Current Members: 1385 Subscribe/unsubscribe/archive info at the bottom of this message. NHNE Fall Winter 2005 Fundraiser: Money needed =
    Message 1 of 2 , Dec 2, 2005
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    • Roxanne Boyer
      This find sounds significant, 26 trillion cubic feet. Until you hear that the US consumes more than that in one year (See the DOE - Energy Information
      Message 2 of 2 , Dec 3, 2005
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        This "find" sounds significant, 26 trillion cubic feet.  Until you hear that the US consumes more than that in one year (See the DOE - Energy Information Agency web site).  I thought the field was known about for a long time, it is a "poor" quality well and was just too expensive to develop when gas was under $4MCF.

        chasmauch@... wrote:
         
        To: *News List <nhnenews@yahoogroups.com>
        From: NHNE <news@...>
        Date: Fri, 02 Dec 2005 17:47:04 -0700
        Subject: [nhnenews] PO: Huge Natural Gas Field 'Discovered' In Texas


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        HUGE NATURAL GAS FIELD 'DISCOVERED' IN TEXAS
        MAJOR ENERGY FIRMS SEEING BENEFIT IN DEVELOPING DOMESTIC SOURCES
        WorldNetDaily
        November 30, 2005

        http://worldnetdaily.com/news/printer-friendly.asp?ARTICLE_ID=47639

        Though it's been in production for nearly 25 years, a huge natural gas field
        in Texas is now drawing the attention of major energy companies -- but only
        after independent operations proved its worth.

        Fort Worth, Texas, is built on top the Barnett Shale natural gas field, a
        field so vast that the U.S. Geological Service estimates it contains some 26
        trillion cubic feet of yet-to-be-discovered natural gas. Estimates are that
        as much as 160 billion cubic feet of natural gas are in place per square
        mile in the Barnett Shale formation. The Barnett Shale field is the largest
        gas-producing field in Texas, covering some 15 counties in the northern part
        of the state. The core area comprises about 120,000 net acres that stretch
        north from Fort Worth to the western outskirts of Denton.

        The field was undiscovered until 1981 when independent Mitchell Energy
        drilled the first well. The largest operator in the Barnett Shale field is
        Devon Energy Corporation, one of America's largest and most successful
        independent oil and natural gas companies, headquartered in Oklahoma City.
        In January 2002, Devon completed the acquisition of the field's pioneer,
        Mitchell Energy. Today, Devon operates more than 1,700 wells into the
        Barnett Shale core area, wells that today produce more than 550 million
        cubic feet of natural gas per day.

        According to Brian Engel, manager of public affairs for Devon, the company's
        success in large part derives from developing a light sand, water fracturing
        technology that permits efficient natural gas exploration from the field.

        "The Barnett Shale formation," says Mr. Engel, "has rightfully emerged as
        the largest natural gas field in Texas and one of the most important natural
        gas fields in the nation."

        Now that the independents have proven Barnett Shale to be hugely productive,
        major companies including ExxonMobil, ChevronTexaco, ConocoPhillips, BP and
        Shell have moved in to buy up production rights.

        "It makes sense," explained Tom Biracree, senior financial editor with John
        S. Herold Inc., an energy research and investment valuation firm based in
        Norwalk, Conn. "The industry is seeing a decided trend moving toward the
        development of on-shore natural gas resources in the continental U.S."

        Why? "It's an economic market play," explained Biracree. "With the price of
        natural gas at $10 per thousand cubic feet, not $2, it becomes very
        attractive for the major industry players to focus more attention on
        exploring for natural gas right here at home."

        Biracree continued, "Developing natural gas resources in the continental
        U.S. also permits the major companies to avoid the political risk of working
        overseas. The rules of the game don't change here like they can when you're
        dealing with a foreign government."

        Biracree noted that the industry is learning today how to explore deeper and
        extract more natural gas profitably from what, in years past, were
        considered riskier enterprises.

        "We have growing expertise in the technologies which make extraction of
        natural gas from shale profitable," said Biracree. "Besides, today the
        demand for natural gas is growing in the United States and the market has
        established very attractive prices. It's the same principle why Wal-Mart
        trucks in snow shovels in a snow storm." In other words, opportunities like
        Barnett Shale are market-driven.

        Technically, the U.S. Geological Survey describes the Barnet Shale formation
        as the "Greater Newark East Frac-Barrier Continuous Barnett Shale Gas
        Assessment Unit." The rock is identified as a Mississippian formation,
        dating back some 330 million years. Geologists describe the formation as
        "source rock" or "reservoir rock," assuming that the organic material in the
        metamorphic shale has morphed into the "kerogen" traditionally assumed as
        needed to produce natural gas.

        Barnett Shale is deeply fractured, with fissures that tended to be sealed by
        calcium carbonate. The field went undiscovered until Mitchell Energy
        experimented with employing large gel fracture methods to open the wells to
        natural gas. The full potential of the field waited for the light sand,
        water fracture technology developed by Devon Energy Corporation, a
        technology that fractures the shale so the natural gas can be extracted. The
        Barnett Shale formation lies at a depth of between 1 to 2 miles below the
        surface, with the shale running some 400 to 500 feet thick.

        Commented Jerome Corsi, Ph.D., co-author of "Black Gold Stranglehold: The
        Myth of Scarcity and the Politics of Oil": "With the field only discovered
        in 1981, the Barnett Shale natural gas resources were not known when Shell
        Oil geologist M. King Hubbert started worrying about 'peak production.' With
        natural gas resources this abundant, we can be reasonably assured there
        remains a large quantity of natural gas to be extracted at home, right on
        the continental U.S. That abundance should be apparent even to those who
        want to maintain the doctrinaire position that the Barnett Shale natural gas
        is organic in nature."

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        PEAK OIL RELATED LINKS:

        ASPO
        The official site of the Association for the Study of Peak Oil & Gas.
        http://www.peakoil.net/

        ASPO-USA:
        http://www.aspo-usa.com/

        THE OIL DRUM:
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        ENERGY BULLETIN
        Clearing house for news regarding the peak in global energy supply.
        http://www.energybulletin.net/

        POWERSWITCH
        Dedicated to raising awareness & discussion of the impending & permanent
        decline of cheap oil & gas supply.
        http://www.powerswitch.org.uk/

        ODAC
        Oil Depletion Analysis Centre working to raise awareness and promote better
        understanding of the world's oil-depletion problem.
        http://www.odac-info.org/

        GLOBAL PUBLIC MEDIA
        Public service broadcasting for a post carbon world.
        http://www.globalpublicmedia.com/

        POST CARBON INSTITUTE
        Learning to live in a low energy world.
        http://www.postcarbon.org/

        PEAKOIL.COM
        US site and forum to educate and promote awareness of global hydrocarbon
        depletion.
        http://www.peakoil.com/

        FEASTA
        The Foundation for the Economics of Sustainability
        http://www.feasta.org/

        VITAL TRIVIA
        Chris Vernon's Peak Oil Blog
        http://www.vitaltrivia.co.uk/

        CULTURE CHANGE
        http://www.culturechange.org/

        LIFE AFTER THE OIL CRASH
        http://www.lifeaftertheoilcrash.net/

        CLIMATE CHANGE ACTION
        http://climatechangeaction.blogspot.com/

        THE ENERGY BLOG
        http://thefraserdomain.typepad.com/

        PEAK OIL PRIMERS: WHAT IS PEAK OIL?
        http://www.energybulletin.net/primer.php
        http://en.wikipedia.org/wiki/Peak_oil
        http://www.answers.com/peak+oil

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