LifeItself

I've been receiving recurring requests for the links to our publications on shales.  Thus, I have decided to put our shale story together, and update it in the future as the new papers are published. So far, this story consists of 29 papers and one patent published, and eight papers are pending.  Our goal is to describe the well-by-well histories and possible futures of all major US shale plays, starting from the earliest one, the Barnett. To achieve this goal, we have been using a physics-based scaling of individual well production and the generalized extreme value (GEV) statistics for spatio-temporal cohorts of wells.   As an aside, out of 15 or so, only  three of our paper submissions to the Society of Petroleum Engineers (SPE) conferences have been accepted since 2017, and we have given up on the SPE, of which I am a Distinguished Member with 38 years in the Society under my belt.  It is quite sad for me personally, but SPE has been in disarray for sev...

Part I of this post shows my calculations of ultimate gas recovery from the Barnett, Fayetteville, Haynesville and Marcellus shales.  They might deliver 6-7 years of natural gas consumption in the U.S. in 2015, or might deliver only 3 years worth of U.S. gas consumption.  In Part II, I will show my calculations of ultimate recovery of oil and gas in the Eagle Ford and Bakken shales that ultimately might deliver 6-12 months of additional gas consumption.  I will also discuss the physical reasons for the negative impact oil production from these two shales has had on global oil prices. As Asjylyn Loder and others at Bloomberg have noted , another 19 billion dollars of debt of shale oil and gas producers is going into default as of the second week of March, 2016: Since the start of 2015, 48 oil and gas producers have gone bankrupt owing more than $17 billion, according to law firm Haynes and Boone. Fitch Ratings Ltd. predicts $70 billion of energy, metal and mining defa...