Fayetteville

Mon, 2013-04-29 11:44Sharon Kelly
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Faster Drilling, Diminishing Returns in Shale Plays Nationwide?

Today's shale gas boom has brought a surge of drilling across the US, driving natural gas prices to historic lows over the past couple of years. But, according to David Hughes, geoscientist and fellow at the Post Carbon Institute, in the future, we can expect at least the same frenzied rate of drilling – but less and less oil and gas from each well on average.
 
“It’s been a game changer,” Mr. Hughes said of the shale gas boom at a talk last week in Maryland, “but I would say a temporary game changer.”
 
After crunching data from hundreds of thousands of oil and gas wells across the U.S., Mr. Hughes found that just five of the country's 30 best shale plays have been responsible for 80 percent of domestic shale gas production: the Haynesville shale in Louisiana; the Barnett shale in Texas's Fort Worth region; the Marcellus shale, which underlies New York, Pennsylvania, and parts of Maryland and West Virginia; the Fayetteville shale in Arkansas; and Oklahoma's Woodford shale. When it comes to natural gas, all of the other plays pale in comparison to these five regions.
 
But the data reveals that in four of these top five shale-gas plays, drillers have been less and less successful in hitting the next big strike-it-rich well. Average well productivity in four of the five best American shale plays has been falling since 2010, Hughes found. The exception, at least for now, is the Marcellus.
 
Thu, 2011-04-14 14:52TJ Scolnick
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New Brunswick Is Canada's Next Shale Gas Fracking Battle Front

On Canada’s east coast, American oil and gas companies are doubling down and betting that the small maritime province of New Brunswick is the next shale gas hot spot.

How has New Brunswick become a primary destination for oil and gas companies? Two reasons in particular stand out: 1) The government does not know how it will manage shale gas exploration (having only just released its “framework for a long-term action plan to manage the exploration, development and utilization of domestic natural gas” last Thursday evening) - which means companies that invest early will have a say in developing gas exploitation policies; 2) In terms of gas concentrations per square kilometer, New Brunswick may hold North America’s largest shale bed [PDF].

New Brunswick was not on the gas industry’s radar a couple of years ago but things are changing rapidly as American gas developers are rushing across the border to snap up exploration rights in order to win big in the destructive shale boom.

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