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Oil is typically found in Sandstone or Limestonerocks.
Sandstone is rock composed of sand size grains laid
down in sedimentary basins and lithified over longperiods of
burial.
The sand can be from wind blown deposits, fluvial
(river) deposits or from shoreline deposits.
Limestone is a rock formed by chemical precipitationin shallow
seas and includes ancient reefs.
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Sandstones and Limestones have porosity(voids) where oil and gas
can collect and theyhave traditionally been referred to as
reservoirrocks.
Shale is finer grained, fissile rock that has muchless
porosity.
Shale can be very high in organic content andhas traditionally
been referred to as a sourcerock for oil and gas.
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Today advances in drilling and completiontechnologies,
horizontal drilling and hydraulicfracturing, have made it possible
for shale to
produce oil and gas. Shale is no longer just a source rock
from
which oil migrates into reservoir rocks.
Thanks to technology shale is now a source andproducing
(reservoir) rock.
Shale is leading the oil and gas productionrenaissance in the
Permian Basin and USA.
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PERMIAN BASIN UNCONVENTIONAL PLAYS
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Ref: Pioneer Natural Resources Investor Presentation: Feb
10;
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY3MTM4fENoaWxkSUQ9MzYyNjMyfFR5cGU9MQ==&t=1
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Ref: Pioneer Natural Resources Investor Presentation: Feb
10;
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY3MTM4fENoaWxkSUQ9MzYyNjMyfFR5cGU9MQ==&t=1
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Ref: Pioneer Natural Resources Investor Presentation: Feb
10;
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY3MTM4fENoaWxkSUQ9MzYyNjMyfFR5cGU9MQ==&t=1
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Ref: Pioneer Natural Resources Investor Presentation: Feb
10;
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzY3MTM4fENoaWxkSUQ9MzYyNjMyfFR5cGU9MQ==&t=1
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PERMIAN BASIN UNCONVENTIONAL PLAYS
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Wolfcamp (Case Study), Bone Springs, Cline Shale
33
http://www.britannica.com/EBchecked/topic/452277/Permian-Basin
http://info.drillinginfo.com/urb/wolfberry/files/2011/02/Stat-Column.png
Cline
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Cline Shale: roughly 9,250 ft below the surface
Located along the eastern flank of the Midland Basin
It may be the key for energy independence for the U.S.
The play is 140 miles north-south, 70 miles east-west
Devon Energy: the formation contains 3.6 Mbbls/sq mile
9,800 square miles = 30 billion bbls of recoverable oil
Bakken reserves are 4.3 billion bbls, Eagle Ford, 7-10
billion bbls
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W t S
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Water Sources
36
Trinity
Tecovas
Santa
Rosa
Dewey
Lake
Rustler
Salado
Trujillo
Tecovas
