Barnett Shale

Quicksilver Resources - Barnett Shale Acreage Summary

Quicksilver Resources (KWK) has 155,000 net acres that are prospective for the Barnett Shale and classifies its acreage into four separate areas:

Alliance – 10,000 net acres, with estimated ultimate recovery (EUR) of 4.0 to 4.5 Bcf per well.

Lake Arlington – 5,000 net acres, with EUR of 4.5 to 5.5 Bcf per well.

Southern High BTU – 107,000 net acres, with EUR of 2.25 to 2.5 Bcf per well

Hill County – 33,000 net acres, with EUR of 1.75 to 2 Bcf per well.

Quicksilver Resources plans to drill 40 net wells in 2011, and estimates that production will grow by 20%. The company also plans to add 100 net wells onto production during the year.  

Carrizo Oil and Gas Updates Barnett Shale Operations

Carrizo Oil and Gas (CRZO) updated its drilling operations on its Barnett Shale properties in Texas. The company has 52,000 net acres that are prospective for the Barnett Shale.

Carrizo Oil and Gas has completed and put onto production twenty-two wells at the University of Texas at Arlington. These Barnett Shale wells are producing 62 million cubic feet equivalent per day of natural gas, and total production from all the company’s Barnett Shale wells is 112 million cubic feet equivalent per day.

Carrizo Oil and Gas has 570 billion cubic feet equivalent of proved reserves in the Barnett Shale as of 12/31/2009.

Carrizo Oil and Gas - Barnett Shale Update

Carrizo Oil and Gas (CRZO) released an operational update on its exploration and development activities, and updated its progress in various unconventional resource basins, including the Barnett Shale in Texas.

Carrizo Oil and Gas has 52,000 net acres under lease in the Barnett Shale. The company’s current focus of activity is on its project area at the University of Texas at Arlington. The company recently finished drilling 16 wells, and have 8 are flowing to sales. The balance of the wells will be completed beginning in May 2010.