Stories tagged with "natural gas production"

Where we really stand with respect to oil and natural gas supplies

Posted by Heading Out on September 29, 2009 - 10:39am
Topic: Supply/Production
Tags: natural gas production, oil production [list all tags]

A few days ago, I gave a presentation in Poland that talks about how much difficulty the world is having maintaining its oil production. The presentation was not set up to be a response to Jad Mouawad's recent New York Times article, Oil Industry Sets a Brisk Pace of New Discoveries, but in many ways it is one. Our recent discoveries really have not been enough to make up for our many production problems elsewhere. We are having problems not only with oil, but with natural gas. The solution the financially distressed world is increasingly considering is . . . well, read the story to see.

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Are Natural Gas Reserves Now Overstated?

Posted by Gail the Actuary on August 16, 2009 - 10:57am
Topic: Alternative energy
Tags: arthur berman, natural gas, natural gas production, natural gas reserves [list all tags]

The future of natural gas production is a puzzle. There have been stories about the potential of unconventional natural gas, and natural gas reserves reported by companies have been increasing. Production by companies has risen to the point where there is a supply glut, and there has been a cutback in drilling. Recently, Robert Rapier had a post called How Much Natural Gas Do We Have to Replace Gasoline?.

But Arthur Berman, a contributing editor and columnist for World Oil magazine, says some caution is in order. This past week, he wrote an article for ASPO-USA called Lessons from Barnett Shale Suggest Caution in Other Shale Plays.

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Horizontal and Vertical Well Production

Posted by Heading Out on January 18, 2007 - 10:15am
Topic: Supply/Production
Tags: aramco, horizontal wells, natural gas production, ucsb [list all tags]

This post, in a way, is in homage to Connections, which I have just started to watch. I noted today that Leanan had posted that Matt Simmons is giving a talk at UCSB tonight, and I suggested to the Engineer that he might go downstairs and listen. (His report – among other things that the room was too small, but also that Matt did say that we at TOD do “an excellent job” – why thank you, kind sir).

And then I got a bit more curious about the program and found that there is a Conference coming up there on February 9-10 dealing with the need to transition from carbon fuels to renewables. While the current program looks fairly interesting, it is the second in the series. And so I went back to see what they had on the program last year. And there I found a paper on Natural Gas by Chris McGill, from which I took the following graph.

This is the first time that I have seen a comparison of relative production rates between horizontal and vertical wells that were relatively close, so I thought I would pass it on. More under the fold.

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A little more updating of information

Posted by Heading Out on November 28, 2006 - 1:46am
Topic: Supply/Production
Tags: artic regions, iea annual review, natural gas production, north slope, wood mackenzie [list all tags]

We have been a little fixated over the recent CERA report on the myth of an imminent peak oil problem, and, in the process, have not given enough recognition to another report that has just been released. Wood MacKenzie is also a company that provides information on the energy industry and, is the often more conservative evaluator of reserves that Jean Laherrere has used in some of his studies. On November 1 Leanan noted their press release, which can be seen on video in which they noted that while the Arctic Regions do, in fact, contain significant amounts of oil
The US can no longer consider the Arctic as a long-term strategic energy supply source, according to a new joint study by Wood Mackenzie and Fugro Robertson, "Future of the Arctic." The study found the Arctic potential is significantly less than previous estimations had suggested, and the mix of resources have been found to contain much less oil and more gas.
"These findings are disappointing from a world oil resource base perspective," said lead study author, Andrew Latham, Vice President, Energy Consulting at Wood Mackenzie.
The study shows only approximately one quarter of the oil volumes previously assessed in key North American and Greenland basins.
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