The Duvernay Shale Basin is estimated to cover approximately 50,000 square miles with about 7,500 square miles of it being the wet gas window. Due to its good porosity, overall thickness, over-pressure, and, enormous organic content, to the date, over $4.2B has been spent on the play. Drilling locations are concentrated in the ‘wet’ gas window, where operators are having success producing liquid-rich gas from horizontal wells with multi-stage fracture completions, and the area of 7,500 square miles could contain as much as 750 Tcf of gas.
The land rush starts at 2009. In Q4-2009, nine very large blocks were sold at $2500+/ha, and all nine were purchased under broker name for a total of $323MM. The lease includes companies, like: Husky, Taiisman,
The land rush starts at 2009. In Q4-2009, nine very large blocks were sold at $2500+/ha, and all nine were purchased under broker name for a total of $323MM. The lease includes companies, like: Husky, Taiisman,