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The Barnett Shale is the largest natural gas play in Texas. It is presently producing 900 MMCF of gas per day and is considered one of the largest U.S. domestic natural gas plays with sizable, remaining resource potential. According to an in-depth 2004 sector report on the Play by Morgan Stanley, the Barnett Shale play is estimated to hold reserves in non-core areas as high as 150 BCF per 1,000 acres.
Nitro Petroleum, Inc. has entered into negotiations on three separate oil and gas projects in Oklahoma. The first lease, East Mooreland is located in Section 28, Township 25 North, Range 17 East, Nowata County, Oklahoma. Shows of gas with some oil have been found on nearby leases. Due to the fact of a much lesser density of deeper wells in the area, East Moreland should be tested.
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