Barnett Shale Production Decline

This report analyzes the declining production of natural gas from the Barnett Shale. It highlights the significant drop in production from 2013 to 2015, with decreases of 6.8%, 8.0%, and 10.6% respectively. The report correlates this decline with falling natural gas and crude oil prices. A potential solution discussed is refracking older wells using improved technology, with Devon Energy's estimate of $1.2 million per well yielding an additional 2 Bcf of potential. The report also provides background information on horizontal drilling in the Barnett Shale and its initial high growth rates, contrasting them with the recent decline. The report inexplicably includes a section on the history of tourism, which is unrelated to the main topic and appears to be extraneous content.

In the early age, cultural aspects, learning languages and travelling challenges restricted (Capacci, Scorcu and Vici, 2015). In 14 century
Christopher Columbus sailed westward and vasco da gama cruised to country for earn money then business travel has been integral part of
tourism industry(Cave and Brown 2012). Early tourism started with Nomads who
travelled around the world in search of food and shelter. Main intension of this traveller is to gathered food and traded around the world and
gave rise to the barter system (Capacci, Scorcu and Vici, 2015). 1500 BC is marked as the era when the Europeans visited pyramids and thus
developed the tourism for pilgrimage.Early tourism started with Nomads who travelled around the world in search of food and shelter. Main
PRODUCTION DEVELOPMENTS AT BARNETT SHALE
Barnett Shale is one of the un-conventional resources which are hydrocarbon-producing formations. It is a geological formation
which is comprised of sedimentary rocks.
In the year 2013, the production fell by 6.8% to 5.35 Bcf/d. Further, in the year
2014 there was a decline of 8.0% and a sharp decline of 10.6% was realized in the
year 2015. Another, parallel trend which has resulted from this declining growth
rate is that lowering the prices of both natural gas and crude. This declining trend
has been corresponded with a reduction in the levels of output.
One of the potential ways to revive the production
declination in Barnett is to refrack all the earlier wells,
which were finished using shorter laterals as well as
older technologies. It has been opined by highly
renowned experts that this measure shows tremendous
opportunities of the customers in Barnett. One of the
leading producers, Devon Energy, has estimated the
amount of refracking as $1.2 million, which shall in
turn make an addition of 2Bcf to the potential of every
well. In the year 2015, Devon refracked around 25
wells of Barnett in the horizontal manner.
Horizontal drilling is a peculiar process wherein drilling is undertaken in a horizontal
pattern at depth in order to extract natural gas from Barnett Shale. The Shale has
shown a double digit growth rate over the years. However, production in year 2003
of 0.834 Bcf/d and 2011 of 5.68 Bcf/d brought down the estimated growth rate of
natural gas production to .1% in 2012.

intension of this traveller is to gathered food and traded around the world and gave rise to the barter system (Capacci, Scorcu and Vici, 2015).
1500 BC is marked as the era when the Europeans visited pyramids and thus developed the tourism for pilgrimage.