The New Permian Land Rush: Deep Barnett, Woodford Shale Rights

Key Takeaways

• The Permian Basin’s deeper, oily Barnett and Woodford pure-shale formations will be the basin’s next new plays—and new future-well inventory—wildcatters’ said in Midland recently.
• The two formations are less understood in West Texas than in the Fort Worth Basin’s pure-gas Barnett in North Texas and in the Anadarko Basin’s oily Woodford in Oklahoma.
• More gas takeaway will be needed if operators begin to produce from the deep Barnett and Woodford that are gassier than current, overlying zones.
• Not all E&Ps are concerned about the gas, though. One said, "“If we had the right takeaway, then that's really just gravy.”