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A quick and robust method for resource play evaluation is critical.
The Haynesville shale is an unconventional resource play in Louisiana that requires significant capital expenditures to develop.
The recent advances in drilling and hydraulic fracturing technology rendered the Woodford shale of the Anadarko basin a prolific resource play producing gas and liquid hydrocarbons.
Source rock is an essential element in unconventional resource play evaluation, while kerogen kinetics is one of the most important components in source rock evaluation.
As economic margin of developing an unconventional resource play can be small, business success often depends on early identification of favourable area.
That year, he instructed his staff to scour the country for a resource play, and in the summer a Brigham delegation attended a trade show in Houston and found a booth advertising a deal in the Bakken formation.
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"From a strategy standpoint, we're really focused on these new resource plays," said Alan Armstrong, chief executive of Williams.
The proportion of its output from resource plays will rise to 75percentt from 67, and the United States will account for 24percentt of its output, up from 18percentt.
Oil resource plays like the Bakken are rare, Brigham said — more lucrative than natural gas but also more challenging, because oil molecules move less easily through rock fractures.
These were "resource plays" — large formations, easy to find but stubborn to extract from — that had recently been made viable by new recovery technologies.
Cranberg: The oil shale plays are amazing resource plays that compare to anything in the Middle East.
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