Author :
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (793 download)
Book Synopsis Tight Oil Developments in the Western Canada Sedimentary Basin by :
Download or read book Tight Oil Developments in the Western Canada Sedimentary Basin written by and published by . This book was released on 2011 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Tight oil" or "light tight oil" refers to a recent trend where horizontal drilling and multi-stage hydraulic fracturing are applied to very low permeability light oil reservoirs. The application of this technology has already transformed the natural gas industry in North America over the last decade, where the outlook for natural gas supply has changed from a projected shortage to a position of sufficient abundance to consider exporting volumes as liquefied natural gas. Tight oil development began with the Bakken play in North Dakota and Montana in the United States. By June, 2011, production from the U.S. Bakken play reached nearly 64 000 m3/d (400 000 bbl/d), a four fold increase over 2005 levels. Where the Bakken tight oil play stretches into Saskatchewan and Manitoba, production in March, 2011, was over 12 400 m3/d (78 000 bbl/d), with the vast majority of growth occurring since mid-2007. The NEB estimates Canadian tight oil production, at March, 2011, to be over 25 400 m3/d (160 000 bbl/d). This report provides a brief background on emerging tight oil resource plays in the Western Canada Sedimentary Basin (WCSB). It includes descriptions of the geology, current activity and production levels, and estimates of resources and reserves where available. Appendix A provides charts that summarize oil well licensing, rig activity and production levels for each individual play analyzed. This report does not address the environmental dimensions of tight oil developments in the WCSB.
