Oil and gas occur mostly in small scattered stratigraphic traps. An analysis of the environmental impacts of the extraction of. We are delighted with the initial production rate of this well, said dave lawler, ceo of bps u. The potential emergence of shale oil presents major strategic opportunities and challenges for the oil and gas industry and for governments worldwide. Mexico is sitting on what many think are vast shale oil and gas resources in the north, which are thought. Uba texte the impact o f shale gas on the costs of climate policy. Nov 30, 2016 mexico is keen to pursue shale gas development as a means of bolstering declining conventional production and to meet domestic demand. The impact of shale gas on the costs of climate policy. Resources has established a shale gas monitoring program to monitor, evaluate, and report the impacts of shale gas development to the state forest system and its stakeholders. Jun 18, 2017 mexico s emerging oil opportunities are great. Permian basin wolfcamp formation shale oil gas wells features. Permeability refers to the capacity of a porous, sediment, soil or rock in this case to transmit a fluid. Shale gas energy in mexico and the us create advantage.
Meaning, pronunciation, translations and examples log in dictionary. This critical oil price divergence could boost us exports. Bp finds fertile ground for shale gas in new mexico. In a recent report produced by the boston consulting company, the global business advisory classified mexico and the united states as nascent manufacturing stars. Spe 1779 evaluation of mexicos shale oil and gas potential. Shale gas reserve evaluation by laboratory pyrolysis and. The development of mexicos shale gas resources is proceeding slowly, while consumption is projected to increase 31% from 2015 to. Technically recoverable shale oil and shale gas resources. Excitement over mexicos shale fizzles as reality sets in.
Creation of the eagle ford consortium binational subcommittee will help to create a synergy between mexico and us to develop their shale gas potential. Evaluation of mexicos shale oil and gas potential onepetro. North american natural gas model center for systems science. Shale gas exploration and production key issues and responsible business practices guidance note for financiers this guidance note has been produced to assist financial institutions in their internal conversations and decisionmaking with regard to risks and responsible business practices associated with shale gas production. The challenges for shale gas production in mexico regional workshop on the changing global market and unconventional gas 68 may 20, jakarta, indonesia roberto lozano researcher, asia pacific energy research centre aperc. Earlier this week, bp announced it had discovered what it is labelling a significant new source of u. States and canada, argentina, brazil, and mexico all rank within the top 10 countries worldwide with technically recoverable shale gas. The future of oil and natural gas production in mexico is of importance. Shale gas produced in the usa is generally quite dry with methane. Mexico has significant oil and gas resource potential in jurassic and cretaceous age shale formations. Given the shift to using gas over oil, significant production is essential the countrys energy. Pemex officials believe shale has the potential to provide mexico with more oil and gas than the country has produced since it first struck oil in the early 20th century.
Shale gas is the term often used to describe both tight gas and shale gas resources. The prolific eagle ford shale formation in texas extends south across the border into mexico s burgos basin and accounts for twothirds of mexico s shale gas resources, which are estimated to include 545 trillion cubic feet of recoverable shale gas ranking 6th in the world 8. Mexico city, apr 18 20 ips mexico plans to expand shale gas exploration this year, but it could run into a shortage of water, which is essential to hydraulic fracturing or fracking, the method used to capture natural gas from shale rocks. Production from the burgos basin accounted for 15% of total natural gas production in mexico in 2016, and the basin holds the largest undeveloped shale resources in the country.
Shale gas arises from the cracking of insoluble organic matter in source rocks kerogen and any oil retained in the pores 1,2,3. But theyre slow to enter, as low oil prices, drug violence. Foreign investment would be vital for the development of mexicos shale gas reserves. The pedregosa basin of southwestern new mexico has experienced multiple stages of tectonic deformation from the pennsylvanian to the late tertiary. The thickest coal beds occur in the lower part of the fruitland formation. Eleven wells have been drilled and results thus far have included three dry gas wells and five rich gas wells. The marine percha shale upper devonian is dominated by gas prone kerogens and is affected structurally and thermally by all tectonic stages. Resource potential of the woodford shale in new mexico. The experiences of shale gas exploitation from other countries have been studied to carry out an analysis of the measures needed in mexico to develop shale gas in a responsible and environmentally friendly manner. Shale gas definition and meaning collins english dictionary. It could also influence the dynamics of geopolitics as it increases energy independence for many countries and reduces the influence of opec. Led by new applications of hydraulic fracturing technology and horizontal drilling, development of new sources of shale gas has offset declines in production from conventional gas reservoirs, and has led to major increases in reserves of us natural gas. Estimate the risked shale gas and shale oil inplace based on a overall play probability of success and b play area probability of success. Bp unlocks a new shale gusher in new mexico bloomberg.
These shale deposits which correlate with productive shale plays in the usa appear prospective but are still in the early stage of exploration and thus remain poorly characterized. Shale gas in the united states is rapidly increasing as an available source of natural gas. Mexico shale gas unconventional play wood mackenzie. Mexicos shalerich burgos basin opens to private investment. This paper responds to these needs by describing the importance of shale gas in meeting the future energy needs of the united states u. Of the natural gas consumed in the united states in 2009, 87% was produced domestically. Recently, mexico launched its energy reform, aiming to expand domestic production by opening the. Without reform, mexico would have most likely transformed from a net exporter of crude to a net importer within a few years. Aug 19, 2017 mexico s road to shale gas will be long and winding, but we know that the resource is surely there. The eagle ford shale play is believed to extend past the texas border and into mexico.
Tithonian pimienta shale, kimmeridgian taman formation. Cnh is working in the technical regulation for the exploration. Geology and fuel resources of the fruitland formation and. According to the highly respected firm, the increased exploitation of shale gas energy in mexico and the us is the driver behind this trend. The new reform just approved by the mexican congress will allow private mexican as well as foreign companies to explore and produce oil and gas from these shale areas. Bp finds fertile ground for shale gas in new mexico mancos shale in new mexico has the potential to become the leading play in the nation, company says. Aug 07, 2017 while other natural gas drillers are paying a premium for acreage in prized u. Flames burn off from a natural gas well in webb county, a common sight in south texas. Resource categories when considering the market implications of abundant shale resources, it is important to distinguish between a. Deposition of the coal was controlled by the position and the. Parallels mexico has opened up its oil and gas fields to foreign investors. Sener hopes that private investment will help to reverse the decline in natural gas production and offset decreasing pemex investment in the region.
The prolific eagle ford shale formation in texas extends south across the border into mexicos burgos basin and accounts for twothirds of mexicos shale gas resources, which are estimated to include 545 trillion cubic feet of recoverable shale gas ranking 6th in the world 8. Mexicos huge, untouched shaleoil fields lure wildcatters. Energy reform and local content in mexico publications inter. The program aims to provide objective and credible information to the public and inform and improve shale gas management efforts. Major structural and tectonic features in the region of the permian basin author. Using recovery factors from similar shales in the us estimate the technically recoverable shale gas and shale oil resource. Should oil prices remain at current levels, shale resources and other. An assessment of 7 shale formations in 41 countries outside the united states. The mighty eagle ford shale play in south texas runs into mexico, and there are shale oil and gas opportunities in the nation that will only. Shale gas exploration and production key issues and. This contrasts with a conventional gas reservoir produced from sands and carbonates such as. Technically recoverable shale oil and shale gas resources eia. Shale gas is a natural gas that is removed from rock by forcing liquid and sand into the. Energy information administration ranked mexicos reserves of shale gas as the worlds sixthlargest after china, argentina, algeria, the united states and canada.