Barnett Shale Mineral Rights
Barnett Shale mineral rights are treated as real property and can be sold or leased. Mineral rights can be severed from the surface estate. Barnett Shale Oil has also been found in lesser quantities, but sufficient with recent high oil prices to be commercially viable. Oil and Gas Experts have suggested that it may be the largest onshore natural gas field in the US although new estimates from the newly discovered Marcellus Formation in Appalachia may equal the Barnett. Barnett Shale is a massive natural gas deposit that occurs naturally deep under approximately seven counties in North Central Texas and including northeast Tarrant County. The Barnett field stretches from Dallas west approximately 5,000 square miles and produces about 1.2 billion cubic feet of natural gas a day according to some industry reports.
Tags: Barnett Shale Mineral Rights
