Varied plays alter Lower 48 exploratory landscape

08/29/2011
Oil and wet gas plays of all types are revitalizing basins, reducing unemployment, stressing demand for rigs and other services, and reversing production declines in the US onshore Lower 48, speakers said Wednesday at a session leading up to the Summer NAPE exposition in Houston. Conventional and unconventional plays, vertical and horizontal, in shales, carbonates, tight oil formations, and other pay zones are causing dramatic changes in the way companies rank what for years was a mature province that led them to look outside the US for economic exploration opportunities. Since Jan. 1, 2009, 1,151 Bakken horizontal wells in the Williston basin had combined initial potential test rates of ...
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