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Politics : Peak Oil reality or Myth, of an out of Control System -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (964)

3/20/2013 6:04:26 AM

From: dvdw©

Read Replies (1) | Respond to of 1580

Il shale research from BDBBR Contributor Dennis Roth: landmen were busy from here on.

To: Jim P. who wrote (168421)	5/14/2012 8:59:21 AM
From: Dennis Roth	1 Recommendation of 177296

Only one slide in that presentation mentions their New Albany Shale position. FWIW, a few little bits of info for the curious. New Albany Shale Gas Play, ILLINOIS BASIN http://www.oil-gas-news.com/index.php?module=article&view=14 The New Albany Shale has great potential for natural gas reserves. Gas-in-place (GIP) measures from 8 bcfg/square mile to 20 or more bcfg/square mile, depending on locations and depths. Unlike many other shale plays, the New Albany Shale in the ILLINOIS BASIN has a continuous 100 foot thick pay zone of shale, capped by a very thick, dense, gray-green shale (Borden Shale). Prior to 1994, over 600 New Albany Shale wells had been produced commercially in the ILLINOIS BASIN. In the New Albany Shale, a well commonly produces water along with the gas. It was learned in the early 1900's that a simple open-hole completion in the very top of the shale, would yield commercial gas wells that would last for many years, in spite of producing some water with the gas. Vertical fractures in the shale fed the gas flow at the top of the shale. The potential of these wells was seldom realized, as the production systems for handling the water were limited. Today, we have the ability to deal with the water cost effectively and as a result can keep the water produced off of the shale allowing better rates of gas production. Utilizing the success of horizontal drilling, modern water production systems, and low pressure gas gathering systems, long-term production of natural gas can be achieved. Current recoverability of the black shale gas in vertical wells is estimated typically at 15% to 20% of GIP from the black shale. On a well-to-well basis, this recoverability varies depending on the natural fracture intensity associated with each well bore. The opportunity to exploit these shale gas reserves is big. Production volumes from the black shale are related mostly to our ability to desorb gas from the shale. Removing the hydrodynamic trap on the shale is the key to producing shale gas. This is accomplished with a large sump drilled downward from the lowest point in the well bore. Water is produced to the surface for disposal in approved SWD (salt water disposal) wells with electric submersible pumps. As the water pressure in the fractures is removed from the shale, the gas begins to release through open natural fractures. The lower the producing pressure of the well bore, the greater its capacity to produce gas. Simple, low-cost vertical wells are delivering good returns on investment to several operators in the play. Horizontal drilling with only 1,000 feet of lateral wellbore, has demonstrated from a producing horizontal well (Mueller Well) in the Corydon Gas Field, to produce long-term, stable gas flow. Other horizontal test wells drilled recently under joint ventures have also confirmed the excellent production potential of the shale. Commercial production from wells is projected for 40 years or more. Due to the vertical nature of natural fractures/jointing through the shale, horizontal drilling is expected to have the best overall return on investment. ------- What is the New Albany Shale? http://energyindustryphotos.com/new_albany_shale.htm ------- NEW ALBANY SHALE GAS PROJECT http://www.newalbanyshale.org/Reports.aspx ------- New Albany Shale http://en.wikipedia.org/wiki/New_Albany_Shale excerpt: Natural gas is produced from wells completed in the New Albany Shale in the southern part of the BASIN in Indiana and western Kentucky. As of 2001, technically recoverable shale gas in the New Albany was estimated to be between 1.9 and 19.2 trillion cubic feet. [3] More recently reserves have been estimated as high as 160 trillion cubic feet. [4] The New Albany Shale is also a major deposit of oil shale. The Eastern Devonian shale has been estimated to contain 189,000 x 10 to the 6th power bbls of oil. [5] === Other than the newspaper article and the Wikipedia reference to a 2005 U.S. Geological Survey Scientific Investigations Report's estimate of OOIP in the Devonian shale, I haven't found anything to support the idea of this being another up and coming shale oil play. If it's just another dry gas field, its nothing to get excited about at this time, IMO. We can wait.

To: dvdw© who wrote (964)

4/6/2013 11:40:31 AM

From: dvdw©

Respond to of 1580

Bingo:
Strata-X Preps to Drill Illinois HZ Appraisal

by Strata-X Energy Ltd.
|
Press Release
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Monday, March 18, 2013

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Strata-X Energy Ltd. provided an update on the Company's Vail Oil Project in the Illinois Basin, Illinois (USA) where Strata-X currently has a 100 percent interest in 46,300 net acres. The Vail Oil Project is a high potential oil appraisal and development project with the first appraisal well due to commence in the second quarter of 2013.

Strata-X anticipates advancing the development of the Vail Oil Project through the drilling of a horizontal appraisal well. The Company has submitted an application to drill a horizontal well to the proper regulatory agencies in the State of Illinois with (approximately) the following parameters: a true vertical depth of 4,500 feet, a true measured depth of 9,300 feet and a horizontal leg length of 4,300 feet. The Company is currently acquiring seismic data to help with the geo-steering of the horizontal leg. The final completion method for this well will be based on information gathered from a core taken from the vertical portion of the well and the results of the well.

The Company's working interests are situated within an area interpreted as an unconventional continuous oil field in the Illinois Basin. Strata-X plans to continue leasing additional prospective lands prior to and during the Vail Oil Project appraisal drilling program. Given the competitive leasing environment in the area, the Company will not release the location of its first horizontal well until after the permit to drill has been issued by the proper regulatory agencies.