U.S. Shale Gas Resources, Reserves and $$$ John B. Curtis Potential Gas Agency Colorado School of Mines.

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Presentation transcript:

U.S. Shale Gas Resources, Reserves and $$$ John B. Curtis Potential Gas Agency Colorado School of Mines

Location of U.S Shale Gas Plays U.S. Energy Information Agency, March 2010

Oil Shale Gas Hydrates Tight Gas Sands; CBM; Gas Shales Tight Oil; Heavy Oil; Bituminous Sands Oil Gas Conventional Reservoirs: Small Volumes, Easy to Develop Unconventional Reservoirs: Large Volumes, Hard to Develop Huge Volumes, Difficult to Develop Increasing Product Price Improving Technology Province Resource Size The Resource Pyramid (S. Sonnenberg, CSM)

Shale Gas Annual Production and Energy Information Administration (EIA) Forecast EnCana

Targeted Research – $150 Million

Acquisitions – >$50 Billion Source: Trollart.com – Ray Troll

Resource Development – >$15 Billion Source:devonenergy.com Source:AAPG Source:chiefoiland gas.com

Hydrocarbons From Shale – Never Say Die

Shale Gas Reservoir Mechanisms U.S. DOE

Exploration Considerations Natural fractures - Friend or Foe? Facies changes - greater permeability Kerogen type - I,II,IIS,III Microbial or thermogenic gas? Thermal maturation history MWD - especially w/ gas isotopes

Some Elements of a Successful Shale Gas Play Productivity Gas-In-Place Thickness Organic Richness Organic Richness Maturation Brittleness Mineralogy Permeability Pore Pressure Pore Pressure

Potential Supply of Natural Gas in the United States Report of the Potential Gas Committee (December 31, 2008)

Regional Resource Assessment Data source: Potential Gas Committee (2009) Traditional1,673.4 Tcf Coalbed Tcf Total U.S.1,836.4 Tcf Traditional1,673.4 Tcf Coalbed Tcf Total U.S.1,836.4 Tcf

PGC Resource Assessments, Data source: Potential Gas Committee (2009) Total Potential Gas Resources (mean values)

Possible Constraints on Future Gas Supply Sufficient Supply to Meet Demand Sufficient Supply to Meet Demand Technology Resource Base Resource Base Environmental Concerns Environmental Concerns Skilled Workforce Skilled Workforce Regulatory & Land Issues Regulatory & Land Issues Gas Price Pipeline Capacity Pipeline Capacity Rig Availability Rig Availability

Potential Gas Agency