Study analyzes nine US, Canada shale gas plays

A recent study has estimated that nine US and Canada shale-gas plays may produce as much as 24 bcfd by 2018. Click here to enlarge imageThe Oct. 6, 2008, Tristone Capital Inc. study evaluated the gas resources in the Bamett (Fort Worth basin), Deep Bossier, Haynesville, Fayetteville, Woodford, and Marcellus shales in the US and the Montney, Hom River (Muskwa), and Utica shales in Canada (Fig. 1). Click here to enlarge imageThe study expects companies ultimately to recover from these resources 261 tcf of gas, based on various risk factors applied and a long-term average gas price of $8.50/MMbtu. Without the risk factors, Tristone Capital says these shales have a 743-tcf recovery potentia...

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