Friday, January 28, 2011
Thursday, January 27, 2011
Tuesday, January 25, 2011
01-25-11 Todays Mission- Current Oil and Gas Plays
I have started wondering about the oil and gas industry with my free time as of late. I realized in my pondering that even though I have worked the industry for 11 years, my overview of it is rather limited. So where to start my research project? For my purpose of staying up on the now, I decided to first learn where the current fields (formations in play) are located in the US.
One of my first resources for this is of course :National Oil and Gas Assessment - USGS
This site gives a nice break down of basins throughout the lower 48. From this interactive map you can get a fact sheet with the estimated volumes for each basin. I think this is a pretty nice tool for those who might be investigating their next investment.
In all the USGS has come up with 27 basins in the lower 48. Within each basin can be several formations to develop. My goal is to research these formations to better understand the size, potential, and interest in each.
Currently I am aware of a few that make the headlines daily: Bakken, Marcellus, and Eagle Ford just to name a couple that hit today. I however wonder if these are long term or if there is another undiscovered just waiting for its first hole to be punched.
One of my first resources for this is of course :National Oil and Gas Assessment - USGS
This site gives a nice break down of basins throughout the lower 48. From this interactive map you can get a fact sheet with the estimated volumes for each basin. I think this is a pretty nice tool for those who might be investigating their next investment.
In all the USGS has come up with 27 basins in the lower 48. Within each basin can be several formations to develop. My goal is to research these formations to better understand the size, potential, and interest in each.
Currently I am aware of a few that make the headlines daily: Bakken, Marcellus, and Eagle Ford just to name a couple that hit today. I however wonder if these are long term or if there is another undiscovered just waiting for its first hole to be punched.
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