AP NEWS

Devon Energy keeps drilling in Barnett Shale despite plan to sell North Texas assets

March 22, 2019

Oklahoma City oil company Devon Energy continues to drill in the Barnett Shale of North Texas despite its plans to sell all of its assets there.

The Railroad Commission of Texas recently issued Devon a pair of drilling permits for two horizontal wells on the company’s Carter Winford W lease in Wise County. Located about 8.5 miles northeast of Alford, the wells both target the Newark East field of the Barnett Shale geological formation down to a total depth of 9,000 feet.

Devon entered the Barnett in 2002 but the natural gas-rich shale play’s popularity has wanted in recent years following the rise of more economic regions such as the Haynesville Shale, Eagle Ford Shale and Permian Basin.

The Oklahoma City oil company announced in February that it planned to sell its Canadian and Barnett Shale assets by the end of the year. With eight drilling permits received so far this year, Devon remains one of the top drillers in the Barnett Shale.

Permian Basin

Carlsbad, N.M., saltwater disposal well operator Mesquite SWD plans to expand on the Texas side of the Permian Basin, where it has named its leases after former University of Texas Longhorn football legends. The Railroad Commission approved eight permits for the company to drill vertical injection wells on its Colt McCoy SWD, Vince Young SWD, Ricky Williams SWD and Earl Campbell SWD leases in Loving County.

Eagle Ford Shale

Denver oil company Hawkwood Energy continues to carve out a niche drilling in the eastern end of the Eagle Ford Shale. The company filed for six drilling permits for horizontal wells on three leases in Robertson County. Three of the wells target the Agua Vado field of the Eagle Ford geological formation while the other three target the Madisonville West field of the Woodbine formation.

Haynesville Shale

The Houston office of British oil company BP is looking for natural gas in the Haynesville Shale of East Texas. BP received a drilling permit for a horizontal well on its Trex Gas Unit field in Angelina County. Located about five miles north of Huntington, the natural gas well targets the Carthage field of the Haynesville shale geological formation down to a total depth of 19,500 feet.

Barnett Shale

Moran, Texas oil company FTC Consulting is planning to drill a pair of vertical wells in the Barnett Shale of North Texas. The company is seeking permission to drill two oil wells on its Nail JHA lease in Shackelford County. The wells target the Nail, Shackelford County Regular and Wildcat fields down to a depth of 2,500 feet.

Conventionals

Wichita Falls oil company NBX Energy plans to drill a trio of vertical wells on its Flat Top Ranch lease in Haskell County. Located about seven miles southwest of Sagerton, the three oil wells target the Flat Top JC, Wildcat, SLC, Biggs and Sagerton South fields down to a depth of 7,000 feet.