Oil Producers To Share Four Corners Data At Conference

[Bluewill]

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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[RGR]

Wow. A conference. Is there a point of this post other than as advertising for some conference?

 

[Bluewill]

Wow! You have NEVER heard of the Mancos then? That is indeed the reason for the conference!

 

[Mr. H.]

$400 a pop. No thanks.

 

[del]

i bought a really cool refrigerator magnet at the 4 corners.

 

[RGR]

Wow! You have NEVER heard of the Mancos then? That is indeed the reason for the conference!

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?

 

[Mr. H.]

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

 

[Bluewill]

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?

 

[Mr. H.]

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?

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.

 

[RGR]

I think Americans support the millions of new and high paying jobs that have been and are being created by such energy deposits!

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.

People are hurting! Look around! Ask them if they want to make a better living for themselves, for their families?

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.

 

[Mr. H.]

Some of those conferences have exhibit halls full of vendors that give away really cool shit like refrigerator magnets.

 

[RGR]

Some of those conferences have exhibit halls full of vendors that give away really cool shit like refrigerator magnets.

Yes. The bigger the conference the better of course, those of us who go usually love the goodies. I've got enough notebooks, pens, Bakken stickers, keychains, memory sticks and whatnot to choke a horse. The thing of most interest is usually the bag they give you to put all the junk in, the best of those I use for years afterwards as cheap mans briefcase. Got stopped at the airport and asked about one, when ARAMCO sponsored the AAPG and it had Arabic across the outside of the bag. Hysterical.

I really bought a local podunk conference is going to have quite the vendor hall that the decent sized conferences do.

The SPE ATC is the best.

 

[Mr. H.]

When the kids were... kids, I'd dump the loot in the middle of the living room floor. Sometimes there'd be fistfights lol.

 

[Bluewill]

Hydraulic fracturing is safe though! For many years they have been doing it and not one accident! Deposits like the Mancos Shale formation will turn around this country and make us energy independent!
The oil industry should take the credit for this! After all it is the private sector that creates these high paying jobs and that pays most of our taxes! The question is not that conferences really do not serve a public good and educate the public on important issues! It is the kind of conference that some of these commentators against conferences on this message board object to! Clearly anyone who feels uncomfortable being at an oil and gas conference who says they support the cause you might have to doubt a little bit! In fact more than likely what you have is someone speaking in name only about a cause they really hate and want to destroy! (Only my opinion here) So what kind of conference would these pimps pimp? VERY GREEN ONES! There you have your answer if you wondering! Yes those who do not like Gas and Oil conferences are green!
Which means they might believe that the Federal Government created the technology of Fracking (which they did not)
or that Al Gore invented the Internet! So pay them no heed when they talk about ANY oil and gas conference---Hint, Hint, Hint They are only making it all up! (Strictly my own opinion)

 

[Mr. H.]

Well... welcome back.

 

[RGR]

Hydraulic fracturing is safe though! For many years they have been doing it and not one accident! Deposits like the Mancos Shale formation will turn around this country and make us energy independent!

Really? Show me a resource assessment of the Mancos shale which will make us energy independent. Just one from a reputable source will do.

 

[Mr. H.]

Granted, he did say "Deposits like the Mancos...".

Still it's a stretch.

 

[Bluewill]

Thanks for the welcome!
Hows this from the San Juan Energy Basin Conference website?

The San Juan Basin has one of the largest accumulations of natural gas in the United States, and possibly the world. The San Juan Basin Energy Conference is sponsored by the San Juan College School of Energy, San Juan County, Farmington Chamber of Commerce and New Mexico Center for Energy Policy (a division of New Mexico Tech).

The conference objective is to explore energy production, natural gas, and energy alternatives. Speakers will address the Mancos Shale as an emerging play alongside the Utica shale of Ohio and currently worked Eagle Ford, Barnett, Marcellus and Bakken shale’s which have transformed “unconventional” into “conventional” in less than six years.

The San Juan Basin Energy Conference was founded to provide a forum for exchange of ideas regarding the development of the abundant energy resources found in the region. The focus of this year’s conference will be the Mancos Shale. The knowledge of the immense hydrocarbon resources in this formation along with the recent improvements in technology required to produce it are now coming together. The early results of Mancos shale development have captured the attention of the petroleum industry, and it is anticipated that the San Juan Basin will continue to supply vital resources that this country requires.

In 1911, Oil was discovered accidentally at Seven Lakes in McKinley County, NM. This being the initial show of liquid hydrocarbons in the San Juan Basin did little to herald what the next century would bring. While Oil was found in the Mancos Shale as early as 1951, the San Juan Basin was known more for being the location of the most productive coal bed methane field ever developed. The San Juan basin has been declared “over” many times in the last century, and every time, technology has proved these forecasters wrong.

The Mancos Shale is the one of the largest single shale deposits in the Western United States. The Mancos shale is known by other names such as the Niobrara, Baxter, and Hilliard. It was laid down 100 million years ago when the Cretaceous seaway inundated the area now roughly known as the Rocky Mountains when they were below sea level.

As recently as 10 years ago, the production of the vast petroleum reserves from shale was the purview of PhD’s and lab researchers using cutting edge geochemical, thermal, and sonic research. Extraction of these entombed hydrocarbons had the potential to stave off the potential crisis that was on the horizon from the dwindling supplies of this lifeblood of the industrialized world. The resource potential of shale has always been known, however a cost effective method to produce them eluded the experts in the field for decades.

Mitchell Energy tenaciously perused economic production from the Barnett shale of North Texas to literally change the global dynamics of petroleum production. Shale formations have produced hydrocarbons as far back as 1825 from shadow low pressure reservoirs in New York. Hydraulic Fracturing Technology, in use since the 1950’s, has advanced to the point where we can now create what nature has not provided. The development of shale resources is no less revolutionary than the tri-cone bit or the advent of directional drilling as the world’s demand for these resources continues to increase.

 

[Mr. H.]

So I take it you will be in attendance.