NAPE: Geoscience gains hiking oil, gas recovery

02/09/2009
Stiff gas-on-gas competition and a shakeout are approaching in the North American unconventional gas business, attendees were told Feb. 4 at an introductory session to the North American Prospect Expo in Houston.The American Association of Petroleum Landmen, chief NAPE sponsor, was expecting a record number of attendees and exhibitors at the exploration and production event in spite of what one speaker described as the world’s worst postwar financial climate.The industry can drill only 1-2%/year of the 31 million acres leased for shales in North America the last few years, said Mike Bahorich, executive vice-president of exploration and production, Apache Corp.“We’re gett...
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