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While America as a whole is undergoing a 'shale oil boom', the question that remains is "what do operators need to do to make it happen in California?"
The Department of Energy has estimated that the Monterey shale contains 15 billion barrels of oil - more than the Bakken and Eagle Ford shales collectively. This, combined with a mean of 6.5 billion barrels in San Joaquin fields such as the Kern River, Elk Hills, Midway-Sunset and Belridge South, around 1 million barrels in the Santa Maria basin, means California literally has the potential to become the most prolific oil resource within the US.
To fully exploit the Monterey and surrounding unconventional resources within California, the structural and lithological complexity of shale and diatomite reservoirs needs to be further understood to enable the identification of stimulation technologies that will maximize oil recovery, whether it be acid fracturing, hydraulic fracturing or steam injection.
The Tight Oil Reservoirs California 2014 Congress is the only E&P led congress with a specific focus on optimizing recovery in unconventional reservoirs within California. Leading E&P companies from the Monterey, Kreyenhagen and wider San Joaquin, Santa Maria and LA Basins will showcase optimized logging suites and seismic technologies to obtain key petrophysical, geomechanical and lithological data of California's sediments to finally be able to commercially exploit shale and to increase return on investment within diatomite.
Considering the sensitive nature of the current regulatory environment, strategies for complying with SB4 and AB32 and expediting hydraulic fracturing and steam injection permit approvals will be also examined. Finally, speakers will discuss case studies on how to source, transport and recycle water to ensure compliance with state regulations while minimizing operational costs within California.