30 Mar '15, 10pm

Revisiting the Shale Oil Hype: Technology versus Geology

Revisiting the Shale Oil Hype: Technology versus Geology

Irrespective of price, geology is trumping technology in the Bakken and Eagle Ford plays. The widely reported ramp up in well productivity in the Bakken and Eagle Ford plays over the past year due to technology improvements does not exist when examined at the play- and county-level . Although some operators may have experienced productivity increases depending on the location and quality of their leases (eg. Whiting in Mountrail County of the Bakken), others have experienced correspondingly greater than average decreases. Well productivity in the top-producing counties of both the Bakken and Eagle Ford is declining, despite the application of the best technology. This is due both to saturation of the best parts of these counties with wells and resultant movement to lesser quality areas, and potentially to well interference as densely spaced wells cannibalize each other’s p...

Full article: http://www.postcarbon.org/revisiting-the-shale-oil-hype-t...

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