Richard Stoneburner The Evolution of the Managing Director American Shale Plays: Where We Are and How We Got There 2015 East Texas Geological Society Prospect and TECH Expo March 31st, 2015 Tyler, Texas
Overview A graphical look at the domestic oil and gas growth story An evolutionary categorization of the of American shale plays A review of each play by category with an emphasis on what is important to learn at each stage of…
The Shale Gas Revolution: A Graphical Depiction The advent of isolated, multi-stage hydraulic fracturing in 2006 was the game changing moment. U.S. Natural Gas Production Isolated Multi-Stage Hydraulic Fracturing 90,000 85,000…
The Shale Oil Revolution: A Graphical Depiction The discovery of the Eagle Ford Shale, development in the Bakken Shale and onset of Permian shale exploration has driven this growth U.S. Crude Oil Production 8,000 Discovery of the…
Map of United States Shale Plays Source: Energy Information Administration (based on data from various published sources). Updated May 9, 2011. 5
The Maturity Index For American Shales Emerging Evolving Mature Barnett Niobrara Utica Fayetteville Wolfcamp Delaware Basin Tuscaloosa Marine Shale Haynesville Wolfcamp Midland Eagle Ford Marcellus Basin East Texas Basin…
Emerging Emerging Plays Emerging Evolving Mature Barnett Niobrara Utica Fayetteville Wolfcamp Delaware Basin Tuscaloosa Marine Shale Haynesville Wolfcamp Midland Eagle Ford Marcellus Basin East Texas Basin Bakken Woodford…
Emerging The Processes Associated with Emerging Plays Vertical pilot wells are Creating basin models essential Extensive open hole data (logs and core) Geology Drilling Work toward removing early time Calibrating the core to…
Emerging Utica: A Small, But Outstanding, Core of Gas Core is limited to small area in dry gas and gas condensate window A A B B C C 9
Emerging Tuscaloosa Marine Shale: Consistency Is the Key Source: ITG. 10
Emerging Eagle Ford ETX Basin: Same Name, Different Rocks Source: EnerVest investor presentation. 11
Emerging STACK: It Is What Its Name Says Not To Be Confused With STACK The Miss Lime While Mississippian in age, the rocks bear no resemblance Meramec Hybrid rock type with Woodford interbedded carbonates and shales…
Evolving Evolving Plays Emerging Evolving Mature Barnett Niobrara Utica Fayetteville Wolfcamp Delaware Basin Tuscaloosa Marine Shale Haynesville Wolfcamp Midland Eagle Ford Marcellus Basin East Texas Basin Bakken Woodford…
Evolving The Processes Associated with Evolving Plays Regional appraisal drilling Multi-rig program Integrate core calibrated begins log data throughout the Geology Drilling Optimization of basin wellbore design, Acquire 3D…
Evolving Niobrara: Not a Multi-Basin Play You Better Be in the Core Wattenberg /N. Colorado is where its at The rest is essentially worthless 15
Evolving Wolfcamp Delaware Basin: Do Your Geologic Homework Shallow gas Deep oil Source: ITG. 16
Evolving Wolfcamp Midland Basin: Deepest Is Best Source: ITG. 17
Evolving Woodford Anadarko Basin: Head South CANA or SCOOP The Results Are In As the structure narrows to the south, the maturity and CANA pressure result in a perfect storm of economics with high ratio gas condensate…
Mature The Maturity Index For American Shales Emerging Evolving Mature Barnett Niobrara Utica Fayetteville Wolfcamp Delaware Basin Tuscaloosa Marine Shale Haynesville Wolfcamp Midland Eagle Ford Marcellus Basin East Texas…
Mature The Processes Associated with Mature Plays Pad drilling efficiencies are recognized Geologic model is generally known and Geology Drilling Down spacing pilots are drilled and accepted evaluated More extensive and…
Mature Barnett: Fracture Containment Matters A A Barnett An ocean of water Frac Barrier Source: ITG and University of Texas, Bowker, 2003. 21
Mature Fayetteville: Beware of Structural Complexity Faults can ruin your day when it comes to drilling horizontally This area of the Arkoma Basin s extremely complex structurally Source: The Bureau of Economic Geology (BEG) at the…
Mature Haynesville: The First BIG Wells Which Way Do I Turn There were three areas that on the surface looked fairly equal Pressure, TOC and mineralogy made Louisiana the winner 23
Mature Marcellus: The Next BIGGER Wells Heads or Tails, But Nowhere Else NE Pennsylvania and SW Pennsylvania are the clear cut winners in a play that initially looked to be connected Reservoir quality wins out, as usual…
Mature Bakken: The Oreo Play Productive zone / Take Point NOT A SHALE Source: ITG. 25
Mature Eagle Ford Gulf Coast Basin: Its All Good Source: ITG. 26
Take-Aways 1. The Shale Revolution is Well Underway 2. Technical Processes Necessary to Prosecute Shale E&P Vary by Maturity 3. Not All Shale Plays are Created Equal 27
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