Barnett Shale Stocks List

Barnett Shale Stocks Recent News

Date Stock Title
May 2 PXD Pioneer Natural Resources Responds to FTC Settlement Complaint Filed as Part of Approval of Proposed Transaction with ExxonMobil
May 2 PXD FTC Says Ex-Pioneer CEO Tried to Collude With OPEC on Oil Prices
May 2 PXD Exxon to Close Pioneer Deal as FTC Forces Out Sheffield
May 2 PXD UPDATE 3-Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
May 2 PXD Exxon-Pioneer deal gets green light from US FTC, Pioneer exec barred from board
May 2 PTEN Patterson-UTI Energy Inc (PTEN) Aligns with EPS Projections, Surpasses Revenue Estimates in Q1 2024
May 2 KRP Kimbell Royalty Partners GAAP EPS of $0.04 misses by $0.15, revenue of $82.23M beats by $1.1M
May 2 KRP Kimbell Royalty Partners Announces Record First Quarter 2024 Results
May 2 PXD Nasdaq, S&P 500 Futures Rise Ahead Of Apple Earnings: Why This Analyst Thinks 'No Cut' Scenario May Not Be Negative For Market
May 2 PXD ExxonMobil’s $60bn Pioneer acquisition nears FTC approval
May 2 PTEN Patterson-UTI Energy reports mixed Q1 results; initiates Q2 outlook
May 2 PXD Ex-Pioneer CEO Barred From Exxon Board for Megadeal to Close
May 1 PXD Exxon Set to Win FTC Approval for $60 Billion Pioneer Deal
May 1 PTEN Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024
May 1 PXD Comstock Resources (CRK) Reports Q1 Loss, Misses Revenue Estimates
May 1 PXD Exxon Mobil Set To Close $60B Deal For Pioneer Natural Resources After Agreement With FTC
May 1 PXD Pioneer Natural Resources Q1 2024 Earnings Preview
May 1 PXD Update: Market Chatter: FTC Set to Rule on Exxon Mobil-Pioneer Deal in Coming Days
May 1 PXD Why Pioneer Natural Resources (PXD) Might Surprise This Earnings Season
May 1 PXD Sector Update: Energy Stocks Retreating in Wednesday Afternoon Trading
Barnett Shale

The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks dating from the Mississippian period (354–323 million years ago) in Texas. The formation underlies the city of Fort Worth and underlies 5,000 mi² (13,000 km²) and at least 17 counties.
As of 2007, some experts suggested that the Barnett Shale might have the largest producible reserves of any onshore natural gas field in the United States. The field is thought to have 2.5×10^12 cu ft (71 km3) of recoverable natural gas, and 30×10^12 cu ft (850 km3) of natural gas in place. Oil also has been found in lesser quantities, but sufficient (with high oil prices) to be commercially viable.
The Barnett Shale is known as a "tight" gas reservoir, indicating that the gas is not easily extracted. The shale is very impermeable, and it was virtually impossible to produce gas in commercial quantities from this formation until oil and gas companies learned how to effectively use massive hydraulic fracturing in the formation. The use of horizontal drilling further improved the economics, and made it easier to extract gas from under developed areas.
Future development of the field will be hampered in part by the fact that major portions of the field are in urban areas, including the rapidly growing Dallas-Fort Worth Metroplex. Some local governments are researching means by which they can drill on existing public land (e.g., parks) without disrupting other activities so they may obtain royalties on any minerals found, whereas others are seeking compensation from drilling companies for damage to roads caused by overweight vehicles (many of the roads are rural and not designed for use by heavy equipment). In addition, drilling and exploration have generated significant controversy because of environmental damage including contamination to the ground water sources.

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