Gas and oil production was 500.0 Bcfe in 2011, up 24% compared to 404.7 Bcfe in 2010, and included 436.8 Bcf from the company's Fayetteville Shale play, up from 350.2 Bcf in 2010.
All may be quiet on the dry gas front, but recent results from the Fayetteville’s first mover show that this shale gas play is still paying dividends and has growth potential to boot.
The assets were acquired from a private seller and include interests in 193 producing non-operated natural gas wells and 1,531 acres of leasehold located in the core of the Fayetteville Shale.
Despite low gas prices and fairly mature infrastructure, midstream players are still looking for action in northern Arkansas’ Fayetteville play.
With midstream gas infrastructure in place, the manufacturing-annuity process is underway in the Fayetteville shale.