Total Gross Production from Woodford Shale Amounted to 376.4bcfe in 2011, According to GlobalData05 Feb 2013 • by Natalie Aster
The Woodford shale play in Oklahoma has shown significant growth in its overall production and developmental activities in recent years. This shale play continues to be a major source of natural gas production in Oklahoma.
Total gross production from the Woodford shale increased significantly in the historic period from 23.9 billion cubic feet equivalent (bcfe) in 2006 to 376.4bcfe in 2011, at a Compound Annual Growth Rate (CAGR) of 65.4%. According to the Oklahoma Oil and Gas Commission, Devon Energy Corporation reported the highest gross production of around 79.9bcfe from the Woodford shale in 2011.
Newfield Exploration, BP Plc, Petroquest Energy, Antero Resources, Cimarex Energy, Cxontinental Resources, and ExxonMobil Corporation are some of the key producers in the Woodford shale play. The developmental growth in the Woodford shale play has rewarded producers such as Devon Energy with high-quality natural gas over the historic period.
New report "Woodford Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020" by GlobalData provides insight into oil and gas exploration and development potential in the Woodford shale. The report highlights the parameters for exploration and production, discusses the major drilling activities of the major companies in the Woodford shale, and details the gross production of the major companies involved in the Woodford play. It also provides a production forecast of the Woodford shale until 2020. The Woodford shale is a source rock formation in Oklahoma in the US. The Devionian shale spreads across 11,000 square miles in central and southern Oklahoma and has an average thickness in the range of 75–380 feet. The shale is located between the Hunton group and the Mississippian Sycamore shales and is found at a depth of 6,000 feet and 14,000 feet.
Woodford Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020
Published: December, 2012
Price: US$ 1,500.00
More information can be found in the report “Woodford Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020” by GlobalData.
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