Oil Producers To Share Four Corners Data At Conference

Discussion in 'Energy' started by Bluewill, Jan 8, 2013.

  1. Bluewill
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    FARMINGTON, N.M., Dec. 31, 2012 /PRNewswire/ -- An energy conference scheduled for March 18 and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of Northwest New Mexico. The conference will be held at San Juan College in the Henderson Fine Arts Center.

    "This is the Renaissance of the San Juan Basin," said conference organizer Dr. Daniel Fine , senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."

    The conference is titled, "San Juan Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.

    In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.

    Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.

    "There are so many companies active in the region," said Randy Pacheco , Dean of the School of Energy at San Juan College. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."

    Encana Oil & Gas (USA) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of Farmington – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.

    "There's a great deal of interest from investment groups, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."

    Fine said industry representatives will present their results during the conference, which will be Monday and Tuesday, March 18 and 19, 2013, in Farmington.

    "This conference highlights the changes in the San Juan Basin – moving from natural gas production to oil," said Dr. James Henderson , San Juan County Commissioner. "Additionally, The San Juan Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."

    Fine said, "This is a major change and promises to be a boom in the San Juan Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the San Juan Basin since 2010. The combination of the two methods has opened up shale reservoirs from Pennsylvania and North Dakota to Texas and New Mexico."

    "The oil window in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the San Juan Basin couldn't develop the shale economically."

    At the price of $70 per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than $400 billion.

    Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.

    Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are New Mexico Tech, the School of Energy at San Juan College, the Farmington Chamber of Commerce and San Juan County.

    For more information or to register for the conference, visit
    San Juan Basin Energy energy dot org

    Contact: Thomas Guengerich , New Mexico Tech public information, 575-835-5617
    Dr. Daniel Fine , Center for Energy Policy, 505-771-1865
    Randy A. Pacheco , Dean, San Juan College School of Energy, 505-486-5306

    SOURCE Farmington Chamber of Commerce


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  2. RGR
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    Wow. A conference. Is there a point of this post other than as advertising for some conference?
     
  3. Bluewill
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    Bluewill Rookie

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    Wow! You have NEVER heard of the Mancos then? That is indeed the reason for the conference!
     
  4. Mr. H.
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    $400 a pop. No thanks.
     
  5. del
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    del BANNED

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    i bought a really cool refrigerator magnet at the 4 corners.
     
  6. RGR
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    In the Rocky Mountain West, of course a geoscience professional has heard of the Mancos. And if I wanted to learn more about it, I would have asked the experts available at the AAPG in Long Beach this year, or waited until Pittsburgh in May, or walked down the hallway at the office and asked my coworkers, who either wrote the textbooks on what the Mancos is and how it got there, or have already calculated its oil and has potential, or were invited speakers to your conference and blew it off because it isn't an AAPG National.

    So whats your fascination with the Mancos? Or is it that you are just pimping a conference?
     
  7. Mr. H.
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    Mr. H. Diamond Member

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    He/she was here back in April doing the same shit.
     
  8. Bluewill
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    Bluewill Rookie

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    I think Americans support the millions of new and high paying jobs that have been and are being created by such energy deposits! People are hurting! Look around! Ask them if they want to make a better living for themselves, for their families?
     
  9. Mr. H.
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    I agree.

    Check out this thread...

    http://www.usmessageboard.com/energy/195995-u-s-frackings-larger-implications.html

    Why don't you stick around and participate instead of dropping commercials on us.
     
  10. RGR
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    RGR VIP Member

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    Cool! But pimping conferences is just pimping the people making money at the conferences, it isn't supporting high paying jobs actually developing the resource because most of them are out DOING it rather than hanging out at conferences with academics, many of whom will be paid regardless of whether or not the resource is proven economic.

    I recommend they not waste money going to a conference, and just go apply for one of those high paying jobs instead. Assuming they can handle it, the oil field isn't a playground for spoiled Americans, but those who are left still capable of working for a living.
     

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