Production costs rise in Barnett Shale, across the globe.

The article focuses on the increase in oil and gas production costs in Barnett Shale, Texas as of March 2007. According to consulting firm IHS and the Cambridge Energy Research Associates (CERA) which tracks key cost areas for offshore and land-based projects using the IHS/CERA Upstream Capital Costs Index (UCCI), costs increased by 13% more compared to the previous year. Chesapeake Energy Corp., which has adequate financing, recommends working on large projects.