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re: Where do you see o&g headed in the future?
Posted on 3/15/14 at 6:24 am to redstick13
Posted on 3/15/14 at 6:24 am to redstick13
quote:
Niobrara will likely be the next that is developed in the US.
Very actively being developed by anadarko and noble. The leasing rush came and went. Basically old news at this point.
quote:
California has an enormous unconventional oil play between LA and San Francisco but they will never allow it to be touched.
Monterey shale...guess what several companies have been drilling. The problem is thermal immaturity - it doesn't work.
quote:
If oil prices go high enough you may see interest in the green river formation.
Doesn't work. Prices would have to go through the roof and even then...either shell or XOM gave up on trying to figure out how to extract and the other is still trying. Maybe tech gets there in nxt 20.
I don't know exactly what the OP is looking for but currently all the money is chasing unconventional. Deep water and international is for the majors. Trend for independents has been to sell international and concentrate on domestic core plays. I think the next big step is a lot of M&A work.
1
Posted on 3/16/14 at 8:51 pm to cwill
quote:
Very actively being developed by anadarko and noble. The leasing rush came and went. Basically old news at this point.
It has barely been touched in the western parts of the formation. I live in the area and follow it.
quote:
Monterey shale...guess what several companies have been drilling. The problem is thermal immaturity - it doesn't work
I worked there 6 months last year. There is almost no drilling going on and California is flat out refusing to allow fracking. They also just put in some ridiculous permit procedures.
quote:
Doesn't work. Prices would have to go through the roof and even then...either shell or XOM gave up on trying to figure out how to extract and the other is still trying. Maybe tech gets there in nxt 20.
Yes prices would need to go up much higher. I said that in my post. Exxon pulled out in the 80"s but they were only ex-situ. Shell was leading the in-situ charge but shut down after drilling a second project last year. Chevron has plans to try their in-situ process.
This post was edited on 3/16/14 at 8:54 pm
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