Fayetteville Shale Play
As Natural Gas Prices Hit 14-Year High, Shale Awaits
Hydraulic fracturing revolutionized production after being applied to shale formations, including the Fayetteville Shale in Arkansas. read more >
by Kyle Massey -
Disasters, Low Oil Prices, Shale Cause $6.4B Loss at BHP Billiton
Battered by a devastating dam disaster in Brazil, low commodity prices and losses in shale holdings – including operations in Arkansas – mining giant BHP Billiton posted a record $6.4 billion annual loss on Tuesday. read more >
by Lance Turner -
After Boom in Shale, Arkansas Gas Industry Faces Halt in Drilling
After a decade-long, multibillion-dollar bonanza of natural gas production in an Arkansas field called the Fayetteville Shale, the bust has landed with a thud. read more >
by Kyle Massey -
Advocates for Environment Not Sorry to See Fracking Stop in Arkansas
The 10-year boom in Arkansas natural gas production poured billions of dollars into the state, but some Arkansans are not sad to see it end. read more >
by Kyle Massey -
M&M Cleanup Company Meets Messy End
Instead of soaring under new ownership, M&M Environmental Group, which provided environmental services to the oil and gas industries, went into a tailspin. So did the relationship between McFadin and the Omega Group; eventually the two sides deadlocked on whether to file for bankruptcy protection late last year. read more >
by Mark Friedman -
Southwestern Energy Lays Off 600 in Arkansas As Prices Fall
Southwestern Energy Co. of Houston said Thursday it is laying off 1,100 employees, including 600 throughout its Fayetteville Shale operations in Arkansas, amid a steady decline in natural gas prices. read more >
by Alexis Crowe -
Southwestern Energy Lays Off 80 in Fayetteville Shale
Southwestern Energy Co. of Houston, the largest operator in Arkansas' Fayetteville Shale Play, said Thursday that it has laid off 80 workers there. read more >
Arkansas No. 4 Shale Gas Producer in United States
Shale gas production helped gross withdrawals of natural gas in the United States reach a record high of 82 billion cubic feet per day in 2013, according to the U.S. Energy Information Administration. read more >
Natural Gas Severance Tax Collections 150 Times Larger
Development of the Fayetteville Shale Play, and especially the damage that heavy drilling equipment caused to sleepy county roadways, provided the political cover needed to raise Arkansas’ severance tax on natural gas for the first time in more than 50 years. read more >
Royalty Owners Haul Exxon Subsidiary XTO to Court Over Royalties
Independence County plaintiffs say in a federal lawsuit that XTO wasn’t getting the highest price possible for natural gas because it was selling the product to its own subsidiary, Cross Timbers Energy Services Inc., at below-market prices. read more >
by Mark Friedman -
Natural Gas in Fayetteville Shale Takes Arkansas from Zero to Billions in 10 Years
In the past decade, the players in the Fayetteville Shale have shuffled and consolidated, drilling has peaked and retreated, employment has expanded and contracted, technology has advanced, environmental and infrastructure concerns have reared their heads and government has responded. read more >
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Technological Innovations Bring Profitable Changes to the Fayetteville Shale
New advances have enabled companies to drill deeper and more complex wells to tap the gas shale, too. Mixed in with the drilling improvements are new fracking techniques that increase the productivity of wells. read more >
by George Waldon -
Hanna Still Believes in Arkoma Basin’s Future
Hanna Oil & Gas Co. of Fort Smith has been drilling gas wells in the Arkoma Basin for two generations covering more than 50 years. President Bill Hanna, son of founder Jim Hanna, is confident the basin will be around and still producing for the next generation of Hannas. That has already started as Bill’s oldest son, Griffin, started work in the field for the company after graduating with a finance degree from the University of Denver. read more >
by Marty Cook -
Regulators Cite Greater Shale Knowledge as Environmental Complaints Dwindle
A decade of shale play development has seen a resolution of some of the early concerns, and two of the Arkansas regulators most involved in overseeing the gas industry in the play credit the growing “maturity” not just of the industry but of their own agencies and the public. read more >
by Jan Cottingham -
Report Finds Illegal Use of Diesel in Fracking; Companies Point to Changing Definitions
The Environmental Integrity Project says some oil and gas companies have continued the illegal injection of diesel fuel during hydraulic fracturing, including Southwestern Energy and ExxonMobil subsidiaries in the Fayetteville Shale. read more >
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Southwestern Energy Says Fayetteville Shale Outpaces Expectations
Southwestern Energy of Houston says its natural gas wells in central Arkansas’ Fayetteville Shale Play and the Northeast United States’ Marcellus Shale have continued to outpace expectations in the second quarter. read more >
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New Algorithm Finds Production Potential for Shale Plays
A pair of oil industry consultants have devised an algorithm that provides new estimates on shale gas play production potential based on Estimated Ultimate Recovery (EUR), the approximate quantity of oil or gas that can potentially be recovered from a well or reserve. read more >
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Southwestern Energy’s Fayetteville Shale Investment Steady in 2014
Southwestern Energy Co. of Houston will invest $900 million in Arkansas' Fayetteville Shale Play next year, the same as in 2013. read more >
by Luke Jones -
Development of Shale Play Slows, but Other Pipeline Work Continues
Even as the mad rush to develop the Fayetteville Shale slows, the pipeline construction business in Arkansas remains viable. read more >
by Luke Jones -
Southwestern Posts Loss in 4Q But Lauds Fayetteville Shale Results
Southwestern Energy Co. of Houston reported a $355 million loss for its fourth quarter 2012, but praised activities stemming from its natural gas assets, including the Fayetteville Shale in Arkansas. read more >
by Luke Jones -