History
The formation is named after Chris W. Barnett who settled in San Saba County during the late 19th century where he named a local stream the Barnett Stream. During the early 20th century during a geological mapping geologists noted a thick black organic-rich shale in an outcrop close to the stream. The shale was consequently named the Barnett Shale.
The Barnett shale has acted as a source and sealing cap rock for more conventional oil and gas reservoirs in the area. It was thought that only a few of the thicker sections close to Fort Worth would be able to support economic drilling, until new advances in horizontal drilling were developed in the 1980s. Techniques such as fracturing, or "fracking", wells, used by Mitchell Energy, opened the possibility of more large scale production. Even with new techniques, significant drilling did not begin until gas prices increased in the late 1990s.
Read more about this topic: Barnett Shale
Famous quotes containing the word history:
“History is not what you thought. It is what you can remember. All other history defeats itself.
In Beverly Hills ... they don’t throw their garbage away. They make it into television shows.
Idealism is the despot of thought, just as politics is the despot of will.”
—Mikhail Bakunin (1814–1876)
“America is the only nation in history which miraculously has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Georges Clemenceau (1841–1929)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)