Total Gross Production from Fayetteville Shale Reached 944bcf in 2011, Says GlobalData04 Feb 2013 • by Natalie Aster
The Fayetteville shale has, in the nine years of its development, evolved to be a significant onshore natural gas producing play in the US. Total gross production from the Fayetteville shale increased from 0.1bcf (billion cubic feet) in 2004 to 944bcf in 2011 (AOGC, 2012a).
The Fayetteville Shale Attracted Substantial Funds for the Future Development of Natural Gas Resources - The recent downturn in natural gas prices has initiated a process of consolidation in the Fayetteville shale. With small players unable to cope with the low gas price pressures opting out of the shale, large companies have been provided with an opportunity to enhance their gas portfolio through the acquisition of these small companies or their acreage in the shale.
The increased initial production rates and Estimated Ultimate Recovery (EUR) from the Fayetteville shale play, along with the decreasing costs for developing wells there, makes the Fayetteville shale an attractive investment destination.
New report "Fayetteville Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020" by GlobalData provides insight into the shale gas exploration and development activities in the Fayetteville shale. The Fayetteville shale is one of the largest and highly concentrated natural gas resources in the US. The Fayetteville shale is located in Arkansas in the Arkoma Basin. The shale play has large amounts of undiscovered and technically recoverable hydrocarbon reserves. The shale is as deep as 1,000 to 7,000 feet with a thickness of 20 to 200 feet.
Fayetteville Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020
Published: December, 2012
Price: US$ 1,500.00
More information can be found in the report “Fayetteville Shale in the US, 2012 - Gas Shale Market Analysis and Forecasts to 2020” by GlobalData.
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