Leading growth areas in the U.S. are the Marcellus, Haynesville and Eagle Ford shale plays.
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Many shale plays flow vigorously for just a few weeks and then tail off dramatically.
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When you talk the shale plays, we have at least 100 years of supply.
Most of the known shale plays today have been discovered in just the last 6 to 7 years.
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Second, that the values Chesapeake has been touting for its other big shale plays are probably equally inflated.
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The high percentage of carbonate shale in this area makes the production of oil more feasible here compared to other shale plays.
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Chevron has for several years been thought to be behind its peers in establishing a meaningful position in the U.S. shale plays.
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It would liquefy gas from the Montney and Horn River shale plays (where ExxonMobil is a big landholder) and send it to Asia.
"You're going to see more regulation, but as politicians take a close look at the science, shale plays aren't going away, " says Jefferies's Mr. Chandra.
Despite significant breakthroughs in the production of unconventional oil (fracking and the boom in shale plays), these fields have very short life spans, according to Hummel.
As traditional oil fields yield less and less, major producers are looking for crude in less conventional places, from oil sands and shale plays to ultra deepwater.
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Given the number of shale plays, the delta between natural gas and oil, and proximity to consumer markets, they may find a profitable niche in this space.
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Wells in shale plays have to undergo a process known as fracturing to boost the porosity of the rock and to make oil and gas flow to the well head.
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Since Macondo the gulf has been largely overshadowed by onshore shale plays, and a lack of drilling in the gulf has led to production delining there by more than 250, 000 bpd.
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Up next to the Eagle Ford and the Bakken shale plays, it is relatively new and recent findings from the region indicate certain areas may be even more prolific than first estimated.
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If environmental paranoiacs can convince politicians to limit or ban the use of controversial hydraulic fracturing techniques required to drill up shale plays, then those excess gas supplies could quickly disappear and prices would soar.
The other option: Range gets bought out entirely by a big player with deep enough pockets to drill as much as it wants and a desire to catch up with post XTO-merger ExxonMobil in shale plays.
In this piece, we will expand that discussion to talk about how the massive production coming out of the Eagle Ford and other oil and gas shale plays in Texas are affecting the national and international supply and demand picture.
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The combined company will have about 80, 000 miles of pipelines stretching nationwide, Kinder Morgan said Sunday in announcing the deal, with connections to many of the biggest natural gas shale plays in the U.S., including the Eagle Ford, Marcellus, Utica, Haynesville, Fayetteville and Barnett formations.
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The leadership displayed by Consortium Chairman Leodoro Martinez and others in organizing and managing this collaborative effort has been truly extraordinary, and has been a major factor in ensuring the Eagle Ford Shale has become a major success story, and a model for leaders in other shale plays across the United States to follow.
Chesapeake Energy owns leading positions in the Barnett, Fayetteville, Haynesville, Marcellus and Bossier natural gas shale plays and in the Eagle Ford, Granite Wash, Niobrara and various other conventional and unconventional liquids-rich plays across the U.S. The firm has interests in over 44, 100 producing natural gas and oil wells that produce over 2.4 billion cubic feet equivalent per day, 93% of which is natural gas.
The acquisition will allow KMP to expand its footprint and increase capacity in some of the largest shale gas plays in North America.
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Most of the increase since the last 2009 study is the result of re-evaluating shale gas plays along the Gulf Coast Mid-Continent and Rocky Mountain areas.
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Consider: The Marcellus Region in the East is best known for shale gas plays and the natural gas liquids that spinoff from those searches, or ethane, propane and butane.
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Halliburton is the biggest player in North America, especially in providing drilling and well completion services in the booming shale gas plays in basins like the Haynesville and Marcellus.
For example, if one adds up the wet-gas production from all the shale-gas plays, the answer would be far in excess of the total dry-gas production nationwide.
It specializes in exploiting unconventional oil and shale natural gas plays within the Bakken and Three Forks formations, situated within the Williston Basin in North Dakota and Montana region.
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Would they be happy letting BP develop indigenous Chinese shale and tight oil plays?
The corollary is that many companies paid well over book for unconventional gas plays when shale reached fever pitch.
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The smorgasbord of shale and other unconventional plays like the Bakken, Utica, Marcellus, Eagle Ford, Barnett, Fayetteville, Monterey, Mississippi Lime and many more is almost too much to take in.
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