Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States June 2013 (June 13, 2013 corrected Executive Summary, Table 5)…
June 2013 This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIAs data, analyses, and forecasts are independent of…
June 2013 Executive Summary This report provides an initial assessment of shale oil resources and updates a prior assessment of shale gas resources issued in April 2011. It assesses 137 shale formations in 41 countries outside the…
June 2013 feet of proved and unproven nonshale technically recoverable natural gas resources. Globally, 32 percent of the total estimated natural gas resources are in shale formations, while 10 percent of estimated oil resources are in…
June 2013 Box 1: Terminology: shale oil and tight oil Although the terms shale oil 2 and tight oil are often used interchangeably in public discourse, shale formations are only a subset of all low permeability tight formations, which…
June 2013 Figure 1. Map of basins with assessed shale oil and shale gas formations, as of May 2013 Source: United States basins from U.S. Energy Information Administration and United States Geological Survey; other basins from ARI…
June 2013 Table 3. Wet natural gas production and resources trillion cubic feet 2012 USGS 2013 EIA/ARI conventional Total January 1, 2013 unproved wet shale unproved wet technically 2011 natural estimated proved gas technically…
June 2013 Table 3. Wet natural gas production and resources (cont.) trillion cubic feet 2013 EIA/ARI 2012 USGS unproved wet conventional January 1, 2013 shale gas unproved wet Total technically 2011 natural estimated technically…
June 2013 Table 4. Crude oil production and resources million barrels 2013 EIA/ARI 2012 USGS Total January 1, 2013 unproved shale oil conventional technically estimated technically unproved oil recoverable Region totals and 2011 oil…
June 2013 Table 4. Crude oil production and resources (cont.) million barrels 2013 EIA/ARI 2012 USGS Total January 1, 2013 unproved shale oil conventional technically estimated technically unproved oil recoverable Region totals and…
June 2013 Table 5. Top 10 countries with technically recoverable shale oil resources Shale oil Rank Country (billion barrels) 1 Russia 75 1 2 U.S. 58 (48) 3 China 32 4 Argentina 27 5 Libya 26 6 Australia 18 7 Venezuela 13 8…
June 2013 the United States and other countries suggests that economic recoverability can be significantly influenced by above-the-ground factors as well as by geology. Key positive above-the-ground advantages in the United States and…
June 2013 The successful investment of capital and diffusion of shale oil and shale gas technologies has continued into Canadian shales. Canadas tight oil production averaged 291,498 barrels per day in 2012 4 and its shale gas…
June 2013 of technically recoverable dry shale gas resources is 637 trillion cubic feet, including proved reserves of 94 trillion cubic feet. 7 Given a total estimated U.S. dry natural gas resource of 2,335 trillion cubic feet, shale…
June 2013 In Mexico, the Eagle Ford Shale gas resource estimate in Burgos Basin was reduced from 454 trillion cubic feet in the 2011 report to 343 trillion cubic feet in this report. Based on better geologic data regarding the areal…
June 2013 recovery factor based on U.S. shale production recovery rates, given a range of factors including mineralogy, geologic complexity, and a number of other factors that affect the response of the geologic formation to the…
June 2013 number of fractured stages do not produce either oil or natural gas; in some cases, up to 50 percent of the fractured stages are not productive. 14 The authors of that article noted that: a study including the production…
June 2013 export terminal has been built to transport the natural gas to a country with a larger established consumption market. Second, the production of shale oil requires that at least 15 percent to 25 percent of the pore fluids be…
June 2013 Figure 2. U.S. Geological Survey oil and gas resource assessment regions Source: http://energy.cr.usgs.gov/WEcont/WEMap.pdf U.S. Energy Information Administration Technically Recoverable Shale Oil and Shale Gas…
WORLD SHALE GAS AND SHALE OIL RESOURCE ASSESSMENT Prepared for: U.S. Energy Information Administration At the U.S. Department of Energy Washington, DC Prepared by Vello A. Kuuskraa, President; Scott H. Stevens, Sr. Vice President;…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table of Contents EXECUTIVE SUMMARY AND STUDY RESULTS .................................................................................................... 1-1 STUDY…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment EXECUTIVE SUMMARY AND STUDY RESULTS The World Shale Gas and Shale Oil Resource Assessment, conducted by Advanced Resources International, Inc. (ARI) for the U.S. DOEs…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment The twenty-six chapters of the report discuss our current understanding of the quantity and quality of shale gas and shale oil resources in the 41 assessed countries, Table 1.…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment When reviewing the shale gas and shale oil resource assessments presented in this report, it is important to consider these three points: First, the resource assessments in…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Shale Oil Resources. The previous EIA/ARI study did not assess shale oil resources, thus the 2013 report represents a major new expansion of scope. In this EIA/ARI…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table 2B. Risked Shale Oil In-Place and Technically Recoverable: Seven Continents Risked Risked Technically Continent Oil In-Place Recoverable (B bbl) (B bbl) North America…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure 2. Assessed World Shale Gas and Shale Oil Resources (42 Countries, including U.S.) May 17, 2013 1-6
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table 3. Risked Shale Gas and Shale Oil Resources In-Place and Technically Recoverable, 41 Countries Assessed in the EIA/ARI Study Risked Gas Technically Risked Oil…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment COMPARISON OF STUDY FINDINGS Since the publication of the first EIA/ARI shale gas resource assessment in 2011, considerable new information has become available, helping…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table 5. Selected Comparison of 2011 and Current EIA/ARI Estimates of World Shale Gas Resources Risked, Technically Recoverable Shale Gas Resources (Tcf) Discussion April…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Beyond the resource numbers, the current EIA/ARI World Shale Gas and Shale Oil Resource Assessment represents a major step-forward in terms of the depth and hard data of the…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment A Size of Assessed Shale Gas and Shale Oil Resources, at Basin- and Formation-Levels May 17, 2013
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment A Size of Assessed Shale Gas and Shale Oil Resources, at Basin- and Formation-Levels Risked Gas Technically Risked Oil Technically Continent Region Basin Formation…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment A Size of Assessed Shale Gas and Shale Oil Resources, at Basin- and Formation-Levels Risked Gas Technically Risked Oil Technically Continent Region Basin Formation…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment A Size of Assessed Shale Gas and Shale Oil Resources, at Basin- and Formation-Levels Risked Gas Technically Risked Oil Technically Continent Region Basin Formation…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment A Size of Assessed Shale Gas and Shale Oil Resources, at Basin- and Formation-Levels Risked Gas Technically Risked Oil Technically Continent Region Basin Formation…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment B Risk Factors Used for Shale Gas and Shale Oil Formations in the EIA/ARI Resource Assessment May 17, 2013
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment B Risk Factors Used for Shale Gas and Shale Oil Formations in the EIA/ARI Resource Assessment Play Prospective Composite Continent Region Basin Formation Success…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment B Risk Factors Used for Shale Gas and Shale Oil Formations in the EIA/ARI Resource Assessment Play Prospective Composite Continent Region Basin Formation Success…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment B Risk Factors Used for Shale Gas and Shale Oil Formations in the EIA/ARI Resource Assessment Play Prospective Composite Continent Region Basin Formation Success…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment B Risk Factors Used for Shale Gas and Shale Oil Formations in the EIA/ARI Resource Assessment Play Prospective Composite Continent Region Basin Formation Success…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment C Estimates of U.S. Shale Gas and Shale Oil Resources Extracted from Advanced Resources Internationals Proprietary Shale Resource Data Base May 17, 2013…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment C Estimates of U.S. Shale Gas and Shale Oil Resources Extracted from Advanced Resources Internationals Proprietary Shale Resource Data Base BACKGROUND While…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment C Table A-1. U.S. Remaining Shale Gas Reserves and Undeveloped Resources Shale Gas Shale Oil Resources Resources Remaining Remaining Reserves and Reserves and…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment D Authors of World Shale Gas and Shale Oil Resource Assessment May 17, 2013 Attachment D-1
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment D Authors of World Shale Gas and Shale Oil Resource Assessment Study Authors Three individuals, each a long-term member of Advanced Resources International,…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment Attachment D Authors of World Shale Gas and Shale Oil Resource Assessment Keith Moodhe, Sr. Consultant with Advanced Resources International, Inc. (ARI ), has eight years of…
EIA/ARI World Shale Gas and Shale Oil Resource Assessment SHALE GAS AND SHALE OIL RESOURCE ASSESSMENT METHODOLOGY INTRODUCTION This report sets forth Advanced Resources methodology for assessing the in-place and recoverable shale…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment 1. Conducting Preliminary Geologic and Reservoir Characterization of Shale Basins and Formation(s). The resource assessment begins with the compilation of…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure 1: Prospective Shale Basins of Argentina May, 17, 2013 2-3
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure 2. Neuquen Basin Stratigraphy The Vaca Muerta and Los Molles are Jurassic-age shale formations. VACA MUERTA FM LOS MOLLES FM Modified…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment 2. Establishing the Areal Extent of Major Shale Gas and Shale Oil Formations. Having identified the major shale gas and shale oil formations, the next step…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment 3. Defining the Prospective Area for Each Shale Gas and Shale Oil Formation. An important and challenging resource assessment step is to establish the…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Depth. The depth criterion for the prospective area is greater than 1,000 meters but less than 5,000 meters (3,300 feet to 16,500 feet). Areas shallower than…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Thermal Maturity. Thermal maturity measures the degree to which a formation has been exposed to high heat needed to break down organic matter into…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Finally, shale gas and shale oil basins and formations that have very high clay content and/or have very high geologic complexity (e.g., thrusted and high…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment A more detailed resource assessment, including in-depth appraisal of newly drilled exploration wells, with modern logs and rigorous core analyses, will be…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Temperature. The study assembles data on the temperature of the shale formation. A standard temperature gradient of 1.25o F per 100 feet of depth and a…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment In general, the shale oil in the reservoir contains solution or associated gas. A series of engineering calculations, involving reservoir pressure, temperature…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment The above data are combined using established PVT reservoir engineering equations and conversion factors to calculate free GIP per acre. The calculation of…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Bg is the gas volume factor, in cubic feet per standard cubic feet and includes the gas deviation factor (z), a dimensionless fraction. (The gas deviation…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure 8. Marcellus Shale Adsorbed Gas Content Adsorbed Gas Content: Lower TOC Adsorbed Gas Content: Higher TOC (Gas Content in scf/ton vs pressure) (Gas…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment b. Establishing the Success/Risk Factors. Two judgmentally established success/risk factors are used to estimate risked OIP and GIP within the prospective area…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment The history of shale gas and shale oil exploration has shown that with time the success/risk factors improve, particularly the prospective area success factor.…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment A recovery efficiency factor of up to 8% may be applied in a few exceptional cases for shale areas with reservoir properties or established high rates of well…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure 10. Lower Damage, More Effective Horizontal Well Completions Provide Higher Reserves Per Well Long Horizontal Wells. Long horizontal wells…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment b. Importance of Mineralogy on Recoverable Resources. The mineralogy of the shale, particularly its relative quartz, carbonate and clay content, significantly…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment c. Significance of Geologic Complexity. A variety of complex geologic features can reduce the shale gas and shale oil recovery efficiency from a shale basin…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment SUMMARY The step-by-step application of the above shale gas and shale oil resource assessment methodology leads to three key assessment values for each major…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table 1. Shale Gas Reservoir Properties and Resources of Argentina Neuquen Basin/Gross Area (66,900 mi2) Basic Data Shale Formation Vaca Muerta…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment ATTACHMENT A ESTABLISHING OIL RECOVERY EFFICIENCY FACTORS FOR THE INTERNATIONAL TIGHT OIL STUDY INTRODUCTION The information assembled in Attachment A…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment The oil recovery efficiency, shown as a percent, is calculated by dividing oil recovery by oil in-place. FINDINGS AND OBSERVATIONS A closer look at the oil…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table A-1. Tight Oil Data Base Used for Establishing Oil Recovery Efficiency Factors Thermal Formation Basin Formation/Play Age Reservoir Pressure Maturity…
Study Methodology EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table A-2. Oil Recovery Efficiency for 28 U.S. Tight Oil Plays (Black Oil, Volatile Oil and Condensates) Oil Oil Oil In-Place Recovery Basin…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment I. CANADA SUMMARY Canada has a series of large hydrocarbon basins with thick, organic-rich shales that are assessed by this resource study. Figure I-1 illustrates…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment The full set of Canadian shale gas and shale oil basins assessed in this study include: (1) the Horn River Basin, the Cordova Embayment and the Liard Basin (located in…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table I-1. Shale Gas and Oil Resources of Canada Risked Risked Technically Resource In-Place Recoverable Resource Region Basin / Formation Oil/Condensate Natural…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment BRITISH COLUMBIA/NORTHWEST TERRITORIES British Columbia (BC) and the Northwest Territories (NWT) hold three world-scale shale basins, the Horn River Basin, the…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 1. HORN RIVER BASIN 1.1 Geologic Setting The Horn River Basin covers an area of 7,100 mi2 in northern British Columbia and the Northwest Territories, Figure I-2. The…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-2. Horn River Basin (Muskwa/Otter Park Shale) Outline and Depth Figure I-3. Horn River Basin (Muskwa/Otter Park Shale) Isopach and Prospective Area…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-4. NE British Columbia, Devonian and Mississippian Stratigraphy Middle Lower Source: D. J. K. Ross and R. M. Bustin, AAPG Bulletin, v. 92, no.…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment these two shale units have not been included in the quantitative portion of the Horn River Basin shale resource assessment. 1.3 Resource Assessment The prospective…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Consistent with the experience of shale gas development in the U.S., this study anticipates progressively increased efficiencies for shale gas recovery as industry…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment The gas processing and transportation capacity in the Horn River Basin is being expanded to provide improved market access for its growing shale gas production.…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 2. CORDOVA EMBAYMENT 2.1 Geologic Setting The Cordova Embayment covers an area of 4,290 mi2 in the extreme northeastern corner of British Columbia, extending into…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-6. Cordova Embayment (Muskwa/Otter Park Shale) Outline and Figure I-7. Cordova Embayment - Muskwa/Otter Park Shale Isopach Depth and Prospective Area…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-8. Cordova Embayment Stratigraphic Column 2.3 Resource Assessment The prospective area of the Cordova Embayments Muskwa/Otter Park Shale is…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 2.5 Recent Activity Nexen has acquired an 82,000-acre lease position in the Cordova Embayment and has drilled two vertical and two horizontal shale gas exploration…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 3. LIARD BASIN 3.1 Geologic Setting The Liard Basin covers an area of 4,300 mi2 in northwestern British Columbia, Figure I- 9.3 Its eastern border is defined by the…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-10. Liard Basin Location, Cross-Section and Prospective Area Source: Levson et al., British Columbia Ministry of Energy, Mines, and Petroleum Resources,…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-12. Liard Basin (Lower Besa River Shale) Isopach and Prospective Area Source: Modified from Ross and Bustin, 2006. 3.2 Reservoir Properties…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 3.3 Resource Assessment The Liard Basins Lower Besa River Shale has a high resource concentration of 319 Bcf/mi . Within the prospective area of 3,300 mi2, the risked…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 4. DOIG PHOSPHATE SHALE/DEEP BASIN 4.1 Geologic Setting The Doig Phosphate Shale is located in the Deep Basin of Alberta and British Columbia. The Middle Triassic…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment prospective area. The average thermal maturity (Ro of 1.1%) places the shale in the wet gas/condensate window. The total organic content (TOC) is moderate to high,…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 4.3 Resource Assessment The prospective area of the Doig Phosphate Shale is estimated at 3,000 mi2, limited on the west by the Phanerozoic Deformation Fault and by…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 5. MONTNEY AND DOIG RESOURCE PLAYS (BRITISH COLUMBIA) The Deep Basin of British Columbia contains the Montney and Doig Resource plays. These are multi-depositional,…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Figure I-15. Montney Trend Identified Gas Liquids/Oil Distribution Source: BC Oil and Gas Commission Montney Formation Play Atlas NEBC October 2012. May 17,…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment ALBERTA Alberta holds a series of significant, organic-rich shale gas and shale oil formations, including: (1) the Banff and Exshaw Shale in the Alberta Basin; (2)…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment Table I-3. Shale Gas Reservoir Properties and Resources of Alberta Alberta Basin East and West Shale Basin Deep Basin NW Alberta Area Southern Alberta Basin…
I. Canada EIA/ARI World Shale Gas and Shale Oil Resource Assessment 1. BASAL BANFF AND EXSHAW SHALE/ ALBERTA BASIN 1.1 Geologic Setting The basal Banff/Exshaw Shale assessed by this study is located in the southern Alberta portion of…