Bruce provides this update from the Mancos & San Juan Basins, see the post that this post replies.
Another Bakken -- Does This Sound Familiar?
Updates
April 22, 2013: Encana reports nice productivity.
Encana Corp. on Tuesday announced positive results from its San Juan Basin oil exploration, saying the effort had "reached commerciality" with production expected to exceed 1,700 barrels of oil equivalent per day. The Canadian company, which has been the most aggressive firm in testing the potential of San Juan Basin oil, said it may add a rig by year's end to the two now operating in the basin.
Original Post
Link here.
The geologists estimated the Mancos Shale holds 59 billion barrels of oil, of which perhaps 3 billion is recoverable -- 10 times more than the [San Juan] basin has produced in the past 90 years.
"That would make this a big, big prize, and that's why these companies are coming in," Dunn said. "If they see success, there will be a boom overnight, assuming the price of oil holds." San Juan Basin, New Mexico.
The Mancos Shale stretches across the San Juan Basin from Durango, Colo., at its northern extreme nearly to Gallup southward, and from Shiprock to the Chromo, Colo., area.
At 3,600 square miles, the basin is the largest natural gas-producing region in the Rockies.
Natural gas dominates the basin to the north, while oil is thought to be more prevalent in the south. Oil and gas officials say the Mancos Shale is geologically similar to the Niobrara Shale in Northeast Colorado, where production has boomed. The article mentions the Bakken in passing. |
