Bakken wells exhibit the lowest breakeven price among the three
shale plays at US$30.50 per barrel (bbl), mainly due to the exceptionally high 30-day initial production (IP) rates of over 1,250 boed observed in this play.
During the study, a detailed analysis of 124 wells was carried out, including laboratory analysis on
Shale cores and cuttings in the United States.
This ongoing partnership will allow
Shale Support and the Fracht Group to remain committed to the development of the Vaca Muerta
Shale and will help to provide a long-term investment for the region.
After the deposits' identification, a dedicated
Shale gas and oil center has been established at the Petroleum House to facilitate interested E and P companies to exploit the potential.
Uniaxial compression test of oil
shale after pyrolysis
The Twelfth Five-Year Plan for the national economy and social development in China stated explicitly "to promote the exploitation and utilization of
shale gas and other unconventional petroleum." On March 16th, 2012, the National Energy Administration issued the "
Shale Gas Development Plan (2011-2015)" in which the government requested emphasis on the following strategies: 1.
Shale Support mines Delta Pearl from its properties in Picayune, Mississippi.
In 2015, a study completed in cooperation with the USAID had confirmed presence of 10,159 trillion cubic feet (TCF)
shale gas and 2,323 billion of stock tank barrels (BSTB)
shale oil in place resources.
The popularity of
shale oil to the economies of OPEC members like Nigeria has increased considerably in recent years.