Topaz to Consolidate Barnett Combo Properties

Topaz announced that it is in the process of consolidating approximately 750 net acres in the oil leg of the Barnett Shale in Montague County in North Texas.

This oil leg often is referred to as the Barnett Combo shale oil play, which refers to the presence of both oil and natural gas in certain parts of the Barnett shale formation in the Fort Worth basin, particularly the north side of the Barnett shale in Montague and Cooke counties. Potential reserves for the Barnett Combo play in Montague and Cooke counties are estimated to exceed 70 million barrels of oil and 175 billion cubic feet of natural gas per square mile, including over 280,000 barrels per well.

Like other unconventional oil plays such as the Bakken shale in North Dakota, the Barnett Combo is in the spotlight as prices for oil continue to remain high and therefore very attractive.

This transaction is scheduled to close in December.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Office Manager
Expertise: Asset Management|Operations Management|Secretarial or Administrative
Location: Von Ormy, TX
 
Sr. Analyst - Mobile & Application Development
Expertise: IT - Programming & Database|IT - Software Development|Project Management
Location: Houston, TX
 
Senior Project Manager - Chemicals
Expertise: Project Management
Location: Greenville, SC
 
search for more jobs

Brent Crude Oil : $50.64/BBL 0.62%
Light Crude Oil : $48.04/BBL 1.47%
Natural Gas : $3.01/MMBtu 2.58%
Updated in last 24 hours