Perhaps you have heard of the Utica Shale in Ohio now, where Total has just splashed out more than $2 billion on a prospect that is still in its infancy — production is essentially nil today— but which promoters say could be the next Eagle Ford shale. But have you heard of Colorado’s Niobrara shale, California’s Monterey Shale, Oklahoma’s Mississippi Lime Shale, the Tuscaloosa Marine Shale in central Louisiana or the Lower Smackover Shale that stretches from Northern Louisiana into Arkansas?Hey, Reuters, have you heard of the Bakken!
Saturday, January 14, 2012
Carpe Diem: US Shale Oil Revolution Has Just Begun
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They learned the word shale, so they call everything shale. It is easy. Just add "shale" to every formation.
ReplyDeleteanon 1
That's about the way it is, isn't it?
DeleteI own 100 acres just a 1/4 mile from a well being drilled by Chesapeake within the Utica in Columbiana Cnty Ohio. It has been crazy around here in the past 6 months since Chesapeake came out of the closet on the Utica and Marcellus formations. I am sure it is what the Bakken area was like 6-7 years ago.
ReplyDeleteBeen a long time follower of the Bakken - never dreamed the experience of a "rush" would be so close to home.
Thank you for taking time to comment. I wish I had the time, resources, expertise to follow other energy plays. A lot of readers would be helped, but just the Bakken is overwhelming.
DeleteThey forgot to mention the 'SmackUpsideYoHaid' Shale
ReplyDeleteGive 'em time.
DeleteI'm serious Bruce...I failed to mention the SmackUpsideYoHaid Shale is also sitting under the greatest, most tremendous self-regenerating natural gas deposit known to man. Ironically, it's located in Washington D.C.*
ReplyDelete*wink