Barnett Shale Fact Sheet

Barnett Shale Fact Sheet
NORTH TEXAS
The Barnett Shale is regarded as the nation’s most important energy
development in the last 80 years and is considered the birthplace of
the shale gas revolution.
The Barnett Shale, located in
the Fort Worth Basin of North Texas,
continues to be one of the largest
natural gas fields in North America.
Devon was one of the earliest movers
in the Barnett, acquiring its initial lease
position through the 2002 purchase of
Mitchell Energy. Devon was the first
to test the application of horizontal
drilling and hydraulic fracturing in the
Barnett Shale.
The successful
results enhanced
Devon’s drilling
economics and
production,
and ultimately
transformed the
Fort Worth Basin
into one of the
top-producing
gas fields in
North America
and kick-started
the shale gas revolution.
Devon is one of the most prolific
producers in the Barnett, accounting for
more than 1 billion cubic feet of natural
gas equivalent per day.
About Devon
Devon is a leading independent
energy company engaged in finding
and producing oil and natural gas.
Based in Oklahoma City and included
in the S&P 500, Devon operates in
several of the most prolific oil and
natural gas plays in the U.S. and
Canada and is the second-largest oil
producer among North American
onshore independents.
Devon’s strong culture has been
recognized by employees, community
partners and news media, including
being named to Fortune magazine’s
“100 Best Companies to Work For” list
every year since 2008. Devon trades
on the New York Stock exchange under
the ticker symbol DVN.
Part of the community
Devon is committed to supporting
and strengthening vibrant, safe and
educated communities in areas where
it operates.
Devon supports United Way,
the Tarrant Area Food Bank and local
emergency responders. Devon is
focused on supporting public schools
with strong science, technology,
engineering and math (STEM)
initiatives.
2014 Economic Impact
• 5,200 producing wells
• Paid $156 million in state and
local taxes
• Paid $386 million in royalties
• More than 350 employees
• $40 million in payroll
Devon sponsors youth programs,
such as the Heifer Superintendent’s
Beef Challenge and the Junior
Agriculture Mechanics Show held during
the Fort Worth Stock Show and Rodeo.
These programs provide leadership and
scholarship opportunities for students
to learn entrepreneurial skills needed to
succeed in business.
Investing in these and other
philanthropic initiatives helps people,
organizations and local communities
grow and succeed.
Smith
Armstrong
Collingsworth
Donley
Swisher
Parmer
Briscoe
Castro
Hall
Childress
Gro
es
be
c
Devon’sHardeman
Barnett Shale Presence
Environment, health and safety
Cottle
Bailey
Lamb
Hale business
Devon conducts
its
Floyd
Motley
Wilbarger
with integrity. That means operating
Foard
Wichita
with respect for the environment and
Clay
Cochran
Archer
displaying a Hockley
steadfastLubbock
dedication to Dickens
King
Red
Montague
Knox
Baylor
Lamar
Grayson
Fannin
Cooke
ensure the health and safety Crosby
of its
River
Bowie
employees
and neighbors.
Delta
Jacksboro
Yoakum
Terry
Haskell
Kent
Lynn
Garza
Franklin
Devon’s environmental
stewardship
Bridgeport
Throckmorton
Stonewall
Titus Morris
Jack
Wise
Denton
Hunt
can be seen in the company’s efforts to
Hopkins
Collin
Cass
Young
Camp
dramatically
reduce
methane
emissions
in
Gaines
Rains
Rockwall
Dawson
Borden
Scurry
Avondale Tarrant
Palo
Marion
Shackelford
the Barnett Shale using a process known Fisher
Parker
Wood
Dallas
Fort Worth
Pinto
Jones
Stephens
Upshur
Kaufman
as green completions. Through this
Cresson
Van
Harrison
N
Hood
Zandt
SI
Andrews natural gas is captured rather
technique,
Gregg
A
Martin
Howard
B
Johnson
Eastland
Nolan
Callahan
H
Ellis
than flared during the well-completion
Erath
Mitchell
RT
Smith
Taylor
O
Somervell
Henderson
W
process. Green completions have been
Panola
Rusk
T
R
Glasscock
Winkler
Navarro
Hill
FO
Devon’sEctor
standard
practice
in the BarnettCoke
Midland
Bosque
Sterling
Comanche
Runnels
Anderson
Shale since 2004. The company also
Brown
Shelb
Cherokee
Ward
Coleman
Hamilton
pioneered
the
use
of
recycled
water
for
Freestone
Crane
Nacogdoches
hydraulic fracturing
Barnett Shale. Tom
Mclennan
Upton in the
Mills
San
Reagan
Limestone
Coryell
Irion
Green
Go to www.devonenergy.com
Houston
Concho
August
Leon
San
for more information about Devon’s
Angelina
Mcculloch
Falls
Lampasas
Saba
operations and to view the company’s
Trinity
Bell
Robertson
Ja
Schleicher
Pecos
Madison
Menard
Corporate
Social Responsibility report.
Burnet
Loving
Reeves
Crockett
Achievements
Sutton
• Named to Fortune magazine’s “100
Terrell
Best Companies to Work” list since
2008
Brewster
•
Val
Named to GI Jobs magazine’s
“Top
Verde
100 Military Friendly Employers” list
Field Office
Mason
Milam
Llano
Kimble
Gillespie
Travis
Blanco
Bastrop
Hays
Liberty
Kendall
Real
Caldwell
Comal
Bandera
Austin
Fayette
Uvalde
Ft Bend
Contact information
Galveston
Lavaca
Wharton
Wilson
Maverick
Community
Relations
Zavala
Frio
Becky Escott
Atascosa
Supervisor, Community Relations
817-338-3904
Dimmit
Mcmullen
[email protected]
La Salle
Chambers
Colorado
Gonzales
Bexar
Medina
Jeffe
Waller
Harris
Guadalupe
Kinney
Hardin
Montgomery
Washington
Kerr
Edwards
Lee
Brazoria
De Witt
Jackson
Karnes
Matagorda
Victoria
Goliad
Calhoun
Live
Bee
Refugio
Oak
Government Relations
Teddy Carter
Jim
Texas Public & Government Affairs Lead
Wells
512-680-9585 Webb
Duval
[email protected]
San
Patricio
Aransas
Nueces
Kleberg
Corporate Social Responsibility
Jim
Chip Minty Zapata
Brooks
Hogg Responsibility
Manager, Corporate Social
405-228-8647
[email protected]
Kenedy
Starr
www.devonenergy.com
Tyler
San
Jacinto
Grimes
Burleson
Polk
Walker
Brazos
Williamson
Willacy
Hidalgo
Cameron
Commitment Runs Deep