blu

10 Top Oil and Natural Gas Exporting Countries

This is the most current data??????
Just shows how pathetic the accounting for oil supply, demand, and reserves remains. The oil and gas markets operate on unreliable and outdated information. That exacerbates price volatility that is fueled further by the peak oil scenario.

Double Shale Play in Energy Approaches: EnCana and Continental Resources

As a reference point, I would suggest that investors take a look at the historic production data from the Barnett Shale play in Texas.
The percentages of commercial wells vs. non-commercial wells is not pretty. The depletion rates are incredibly high.

Admittedly, I am no expert in this arena as I have not pursued the play.
However, there are times in the oil business that you can save yourself a lot of money and angst by using some common sense and observing others.

Many oil producers know that if a reservoir requires a huge frac to break it open, it will result in a less than desirable payback (ROI).
Even though the newest technology in fraccing is being employed, I remain very skeptical of the long term production from these shales. There is usually a nice amount of flush production, that results from "blowing up the balloon" with the frac. This is followed by rapid depletion. The initial production can be sustained long enough to provide misleading reserve estimates, that will have to be written down if fairly short order.

As with most things, time will tell us exactly how economic these shale plays will be. Based on my general experience, I choose to avoid those playing the shales until I see some time tested results.
JMHO and time could prove me completely wrong.