March 3, 2016: update on polyethylene cracker in North Dakota; the tsunami will include the natural gas from Duvernay.
October 6, 2014: Kuwait buys into the Duvernay.
August 30, 2013: The Calgary Herald is reporting:
Alberta’s early stage Duvernay resource play has already absorbed $6 billion of investment and promises to be the subject of much more, analysts say, judging by recent activity and promising results.
“The Duvernay is arguably the most exciting emerging resource play in Canada,” says a research report from TD Securities published Monday.
“We estimate that over $6 billion has been spent on the play to date: $3 billion at land sales, $2 billion of corporate acquisition and divestitures ... and $1 billion in drilling activity.”
The Duvernay was the main driver of the record $3.2 billion spent at Alberta Crown drilling rights auctions in fiscal 2011-12.
The shale marine formation is believed to be the oil and gas source rock for many adjacent conventional Devonian formations that have already been extensively drained. It is found 2,800 to 3,600 meters underground, in thicknesses of 35 to 60 meters and extends over 400 kilometres from northwest to southeast Alberta.
November 29, 2012: Athabasca Oil Corp reports strong Dubernay results, Oil & Gas Journal.
If you haven't read the note I posted yesterday regarding natural gas liquids sent in by "anon 1," you really need to read that, especially investors (unless you already understand this stuff; I didn't until yesterday).
Because of that info from "anon 1," the article about the Duvernay shale made complete sense.
At the linked article: But it’s deep, and expensive to drill. The Duvernay needs very good to great results to be economic. That means liquid rich gas with at least 60 barrels of condensate per million cubic feet of gas—if not 90. (Condensate is more like a light oil that gets better than oil pricing.)The purpose of reading the linked article about the Duvernay is not to learn about the Duvernay, but to understand better the "richness" of the Bakken.