U.S. Tight Oil Supply
and Potential
September 18, 2013 11:00 – 12:30 p.m. Bob MacKnight, Director, IHS
Geoff Houlton, Sr. ...
Notes:
For more information, please visit: www.ihs.com
IHS | 321 Inverness Drive South | Englewood, Englewood Colorado 801...
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US Tight Oil Supply and Potential

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Key insight from the IHS Forum Event, September 17-19, 2013 in Houston, TX. IHS experts Bob MacKnight, Geoff Houlton, and Raoul Leblanc discuss how commercial development of domestic resource plays (tight oil and shale gas) has revived North American oil and gas.

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US Tight Oil Supply and Potential

  1. 1. U.S. Tight Oil Supply and Potential September 18, 2013 11:00 – 12:30 p.m. Bob MacKnight, Director, IHS Geoff Houlton, Sr. Director, IHS Raoul Leblanc, Managing Director, IHS Link to online presentations Session introduction Commercial development of domestic resource plays (tight oil and shale gas) has revived North American oil and gas. Organizations active in the domestic exploration and production need to consider the detailed drivers of this resurgence in order to take advantage of new opportunities. This presentation will highlight the key differences in well economics and performance for established and emerging resource plays and how this will impact future production and industry dynamics. Key Takeaways The development of tight oil resources has been revolutionary for U.S. oil supply, and will continue to drive profound changes not only from a markets perspective but also in the competitive landscape. However, there are key differences across the plays from a well performance, cost, and economics perspective that are important in defining the future trajectory. The majority of oil production growth to date has been driven by two plays: the Bakken and the Eagle Ford. We haven’t yet found our next growth engine outside of these two plays despite the fact that we are testing a number of different options. A few of those options are: multi-zone vertical completions in the Midland sub-basin of the Permian, changes in well design of the Tuscaloosa Marine Shale, stacked horizontal development of the Bakken and Three Forks reservoirs. All of which are showing promise but still have a way to go. We have considered the environment in our production of materials for this event.
  2. 2. Notes: For more information, please visit: www.ihs.com IHS | 321 Inverness Drive South | Englewood, Englewood Colorado 80112

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