Tight Gas Sands

Tight Gas Description ImageThe term tight gas sands refers to low-permeability sandstone reservoirs that produce primarily dry natural gas. A tight gas reservoir is one that cannot be produced at economic flow rates or recover economic volumes of gas unless the well is stimulated by a large hydraulic fracture treatment and/or produced using horizontal wellbores. This definition also applies to coalbed methane, shale gas, and tight carbonate reservoirs. Tight sands produce about 6 tcf of gas per year in the United States, about 25% of the total gas produced. The Energy Information Administration estimates that 310 tcf of technically recoverable tight gas exists within the US, representing over 17% of the total recoverable gas. Worldwide, more than 7,400 tcf of natural gas is estimated to be contained within tight sands, with some estimates as large as 30,000 TCF.

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Tight Gas News

Prospects slowly brighten for operations off Europe

Aug 2, 2010 Nervous optimism describes the mood of European operators just past 2010's midpoint as oil prices have recovered from the drastic late 2008 slump, economies slowly emerge from the worst recession since World War II, and financing options resurface.

Shale gas changes N. American gas production projections

Jul 1, 2010 Estimates of ultimate gas recovery from shales have changed the outlook for gas production in the US and Canada.

OGJ Newsletter

Jun 14, 2010

OGJ Newsletter

Jun 7, 2010

Paramount Resources to acquire Redcliffe Exploration

May 11, 2010

Paramount Resources Ltd. has agreed to acquire Redcliffe Exploration Inc. in a purchase that values the smaller company at $68.5 million (Can.). Both companies are based in Calgary.

Uinta area between Altamont, Monument Butte bearing fruit

May 10, 2010 Operators are establishing oil and gas production in the large, less-explored area between Utah's giant Altamont-Bluebell and Monument Butte fields.

NEB notes shift toward BC in Canadian natural gas deliverability

Apr 26, 2010 Gas deliverability in Canada will continue to decline through 2012 as production falls in Alberta and rises in British Columbia, says the National Energy Board.

Watching The World: Thumbs up for Shell, PetroChina

Apr 19, 2010 With good reason, Australia's Foreign Investment Review Board recently gave Royal Dutch Shell PLC and PetroChina the thumbs up for their $3.45 billion joint bid for Arrow Energy Ltd.

OGJ Newsletter

Apr 19, 2010

Pakistan posts 22 oil, gas finds in 2 years

Apr 5, 2010 Pakistan Minister for Petroleum and Natural Resources Syed Naveed Qamar said 59 onshore and offshore exploration wells were drilled in Pakistan since January 2008, resulting in 22 oil and gas discoveries.

Shell to divest 15% of its refining capacity

Mar 22, 2010 Royal Dutch Shell PLC forecast its production will climb 11% during 2009-12, saying it plans to cut costs by divesting 15% of its refining capacity and 35% of its retail markets.

Special Report: LNG Update: Asia-Pacific LNG capacities, plans to move ahead in 2010

Mar 15, 2010 Global LNG capacities and trade moved into unfamiliar and unsettling territory in 2009-10.

Special Report: LNG Update: US gas market well-supplied: LNG or shale gas?

Mar 15, 2010 Expanding natural gas production from indigenous sources poses the most serious threat to imports of natural gas as LNG into North America, primarily the US.

Integrated firms' budgets targeting upstream projects

Mar 1, 2010 US-based integrated firms are shifting more of their capital spending dollars toward upstream projects and away from their downstream operations that manufacture, transport, and market refined products.

EV Energy buying Ohio assets from Range Resources

Feb 8, 2010

EV Energy Partners LP and institutional partnerships managed by EnerVest Ltd. agreed to buy a stake in tight gas sands properties in Ohio from Range Resources Corp. for $330 million, Range Resources announced.

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