1) Drilling for coalbed methane in Alberta's Horseshoe Canyon and Mannville formations is increasing as operators shift to more horizontal wells.
2) The Horseshoe Canyon is the only commercial coalbed methane play in Canada so far, with over 2,700 wells producing around 150,000 cubic feet per day on average.
3) The Mannville formation has potential but is not yet commercial due to water production challenges; some operators are exploring horizontal drilling to potentially unlock more gas at faster rates.
This document summarizes several proposed and approved natural gas pipeline and liquefied natural gas (LNG) projects in British Columbia. It outlines the proposed capacities and costs of pipelines like Coastal GasLink, Prince Rupert Gas Transmission, and Westcoast Connector that would transport gas from northeast BC to LNG export terminals. It also discusses proposed oil pipelines like Northern Gateway and Trans Mountain Expansion and various LNG export terminal projects led by companies including Shell, Petronas, AltaGas, Pacific Oil & Gas, and Nexen.
Riverside Energy Ltd is an Australian company exploring underground coal gasification (UCG) and conventional coal mining opportunities in the UK. It holds six granted UCG licenses and two applications in areas with large coal resources and infrastructure. UCG converts coal into syngas in situ and has the potential to help meet UK energy demands while reducing carbon emissions. Riverside plans to raise funds for a pilot UCG project and eventual commercialization, and also has near-term opportunities in conventional coal mining.
Denbury Resources is a leading CO2 enhanced oil recovery company with over 1 billion barrels of potential oil reserves. It has significant infrastructure in place including extensive CO2 pipelines and secure CO2 supply. Denbury has a proven track record of growth, having achieved a 30% compound annual growth rate in EOR production over the past 12 years. It also has opportunities for further sustainable growth through CO2 EOR projects, its Bakken acreage position, and natural gas assets with associated CO2 reserves.
Denbury Resources is a leading CO2 enhanced oil recovery company with over 1 billion barrels of potential oil reserves. It has significant scale with $8.7 billion in enterprise value and 72,337 barrels of oil equivalent per day in production. Denbury utilizes CO2 flooding to increase oil recovery from mature oil fields. It has over 1,000 miles of CO2 pipelines and access to secure CO2 supplies. The company aims to grow production at a 13-15% compound annual rate through 2020 by developing its large portfolio of oil fields suitable for CO2 enhanced oil recovery.
Denbury Resources is a leading CO2 enhanced oil recovery company with significant oil reserves and production. It has over 1 billion barrels of potential oil reserves recoverable through CO2 EOR across its Gulf Coast and Rocky Mountain regions. Denbury has extensive CO2 pipeline infrastructure and secure long-term supplies of CO2, positioning it for sustainable production and reserve growth through CO2 flooding. It aims to deliver high operating margins and capital efficiency through its EOR operations.
Strata-X Energy 2015 September- Good Oil ConferenceStrata-X Energy
Strata-X Energy is an oil and gas company focused on developing unconventional light oil resources in the Illinois Basin through the application of new technologies to known fields. Key points include:
- They have acquired over 40,000 net acres in the basin with multiple identified oil plays, including the Lingle Formation which has over 1 billion barrels of oil initially-in-place.
- Their first "bypassed pay" waterflood project was successful in proving reserves of 1.28 million barrels of oil and their initial horizontal well test exceeded 300 barrels of oil per day.
- Upcoming appraisal drilling is expected to further de-risk resources and lead to reserve growth through additional discoveries and optimized completions.
Strata-X is introducing its Copper Mountain Oil Project in the Illinois Basin. It has acquired additional acreage in the area, bringing its total to over 72,000 net acres, which contains multiple producing horizons and untested zones with potential. Strata-X plans near-term activities like returning a producing well to operation, acquiring 2D seismic data, and drilling additional wells targeting Mississippian and Devonian formations, to further develop and explore the conventional and unconventional oil potential across its acreage position in the proven Illinois Basin oil province.
Ximen frees Kenville Gold Mine from royalty burden, making it more attractive...Stephan Bogner
Last Friday, Ximen Mining Corp. announced to have entered into an option agreement to purchase the 4% gross metal royalty over the Kenville Gold Mine Property for a total consideration of $1.7 million CAD, of which $1 million is to be paid in cash and $700,000 in common shares of Ximen.
This agreement not only shows the negotiation skills of Ximen’s management but also its determination to advance the Kenville Gold Mine Project to the next level. As a gross metal royalty entitles the holder to a percentage of the revenue generated from metal sales, a mine operator prefers no royalty burden owed to third-parties.
Any mining project becomes less attractive (i.e. less profitable) the higher the royalty owed to a third-party. While corporate taxes commonly apply only to profits, a gross metal royalty is typically payable whether or not the mine is profitable, as such it is reasonable for the operator to want to discharge the burden of the royalty at some point.
For Ximen to buy the entire, relatively high 4% gross metal royalty at this stage may eventually prove up as a wise move (i.e. bargain) as negotiations could make a buy-out far more expensive in the future.
February 2018 Corporate Presentation - World Outlook Conferencehemisphereenergy
The document provides an overview of Hemisphere Energy Corporation, an oil and gas company focused on developing assets in southeast Alberta. Key points include:
- Hemisphere has over 35,000 net acres of land in the Mannville and Pekisko formations with identified drilling locations. It is focused on expanding its waterfloods to increase oil recovery from the pools.
- Recent accomplishments include drilling wells and expanding facilities to boost production from the Atlee Buffalo pools, where waterfloods could ultimately recover 20-40% of the estimated oil originally in place.
- Hemisphere has a multi-year drilling inventory and sees potential to grow reserves and production through low-risk development and waterflooding. It
The document provides an overview of Westbridge Energy Inc.'s exploration activities in Namibia. It summarizes Westbridge's acquisition of Block 1811B in offshore Namibia, which contains over 1.4 million acres with potential oil reserves based on regional geology. It outlines Westbridge's work program to acquire and interpret seismic data and potentially drill an exploratory well. Upcoming catalysts include regional drilling by other companies in Namibia and Westbridge's own exploration activities over the next few years.
List of Economic Development Projects in Eastern Ohio Related to Utica ShaleMarcellus Drilling News
A list of infrastructure and business projects that have sprung up in eastern Ohio related to Utica and Marcellus Shale drilling in the region. This list represents billions of dollars of new investment coming to eastern Ohio because of shale drilling. Awesome.
Denbury Resources is a leading CO2 enhanced oil recovery company with significant oil reserves and infrastructure. It has over 1 billion barrels of potential oil reserves through its Gulf Coast and Rocky Mountain regions. Denbury utilizes CO2 flooding to increase oil recovery from mature oil fields. It has a unique strategic advantage through its control of large CO2 sources and pipeline networks. Denbury has demonstrated a proven track record of production and reserve growth through CO2 EOR over the past decades.
Sherwin Crown Grant Oil Oct 1 2012 Final (With Links)activepass
This document summarizes the sale of a 500 million barrel oil shale reserve located on property with subsurface mineral rights in British Columbia, Canada. New in situ extraction technologies could allow for profitable extraction of oil from this property at around half the cost of traditional methods. The property has direct access to shipping lanes and potential for a small environmental footprint development. It is listed for sale for $20 million Canadian dollars.
This document discusses reducing emissions in the marine transportation sector through the transition from coal to oil as fuel for Great Lakes vessels in the mid-20th century. It describes the expensive process of converting vessels to use oil instead of coal and building infrastructure to supply the new fuel. Currently, common methods to reduce emissions include changing to cleaner fuels like natural gas, upgrading engines, and retrofitting emissions controls. The EPA has provided grants to repower vessels with natural gas engines, significantly cutting emissions. Further projects aim to develop natural gas fueling for more commercial ship and truck traffic.
Tim Bertels - The Quest CCS project Canada - Presentation at the Global CCS I...Global CCS Institute
The document summarizes Shell's Quest Carbon Capture & Storage Project in Alberta, Canada. It discusses (1) Shell's response to reducing CO2 emissions through natural gas, biofuels, carbon capture & storage, and energy efficiency; (2) Shell's involvement in various CCS projects worldwide; and (3) provides an overview of the Quest project which will capture over 1 million tonnes of CO2 per year from an oil sands upgrader and transport it via pipeline for storage in deep saline aquifers.
The document discusses shale and shale gas. It describes shale as a sedimentary rock made of clay particles that is low permeability. Shale gas is natural gas stored in shale formations. New technologies like horizontal drilling and hydraulic fracturing have allowed for increased shale gas extraction by cracking the shale and propping it open with sand. These technologies have led to a shale gas boom in the United States, increasing natural gas production and reducing prices.
CNGVA President Discusses The Business Case for Natural Gas Vehicle Use in Canada
-Overview of the business case for Canadian medium- and heavy-duty fleets
-Several fleet examples including refuse, transit, and highway tractor
-Brief discussion of available factory-built vehicles and engines
-Cold weather performance experience and learnings
-Brief discussion of required facility changes and case examples
-How to understand natural gas fuel pricing and how it compares with diesel pricing
This document discusses plans to establish a coal transportation system using the Batang Hari river in Jambi Province, Indonesia. It notes that coal production in Jambi increased significantly between 2007-2013 but that existing overland transportation faces challenges. The project aims to develop river terminals, barges, and a transhipment facility to provide a reliable logistics network for moving coal from mines to ships. It is promoted by PT. Bara Ria Sukses and the Bothra Group and aims to be operational by mid-2015 to improve coal transportation in Jambi.
Dr Ian Campbell - Background and Environmental ImpactsPAS_Team
The document discusses unconventional hydrocarbons exploration and development in the UK and related environmental impacts. It provides background on unconventional resources like shale gas and coal bed methane. It outlines the significant increase in US shale gas production in recent decades. The UK government supports unconventional development subject to controls. Public concerns include climate change, water contamination, earthquakes and health impacts. Exploration and development operations are described along with waste management, water use, emissions and other environmental considerations. The regulatory system in the UK is explained along with industry best practices and guidelines.
Governor Michael Dukakis will give the keynote address at the Global Cyber Security Day conference at Harvard University on December 12th. The agenda includes an award ceremony for a World Leader, Business Leader, and Practitioner in Cybersecurity. A panel discussion on whether cyber deterrence is safe or risky will be moderated by Professor John Savage and include Kim Taipale and Sean Kannuck. Governor Dukakis will moderate a general discussion on how to prevent cyberwar between experts from MIT, Northeastern University, Harvard Medical School, Brown University, and others. Closing remarks will be given by Governor Dukakis.
Industrialisai dan perkembangan sektor industriifat fatiroh
Dokumen tersebut membahas sejarah dan konsep industrialisasi di Indonesia. Industrialisasi modern dimulai pada tahun 1920-an yang dimiliki oleh perusahaan asing, sementara industri rumah tangga seperti penggilingan padi dan pembuatan gula merah sudah ada. Pada masa Orde Baru, strategi subtitusi impor diterapkan namun industri manufaktur belum berkembang dengan baik. Kebijakan industri kemudian dirombak dengan mengurangi proteksi dan memfas
El documento proporciona instrucciones para crear un sitio web gratis utilizando la plataforma Wix. Incluye entrar a la dirección URL provista, registrarse, seleccionar un tipo y plantilla de sitio web, editar la plantilla y páginas, publicar el sitio y opcionalmente obtener un dominio personalizado.
Montauk Colony LLC is developing oceanfront home sites in Montauk, NY on Ditch Plains Beach. They are offering two options - custom built homes or purchasing land individually. The development will be located in the surfing capital of the east coast and will have views of the ocean as well as opportunities for fishing and surfing nearby.
This document summarizes techniques used in civil engineering surveys. It introduces distance measurement using tools like EDM, angle measurement using theodolites, and elevation surveying with dumpy levels. It also discusses techniques like tacheometry, contour mapping, and use of total stations, which are electronic instruments that combine distance and angle measurements for surveying applications. The document was presented on surveying techniques at a training camp from May 26 to June 7, 2014.
The document summarizes the story of Brooke Bouwman, a recovery coach with the Safe Passages Program. Brooke struggled with substance use disorders for many years and lost custody of her oldest daughter to the foster care system. After getting sober and maintaining her recovery for over three years, she now works to help other parents in similar situations regain custody of their children. The Safe Passages Program aims to increase the rate of children being reunited with their families from 38% to 66%. Brooke draws on her own experiences to support and coach clients through recovery and rebuilding their lives.
This document provides information about supporting grieving youth. It discusses common causes of grief for youth like death, divorce, incarceration and more. Left unresolved, grief can lead to issues like poor school performance, illness, risky behaviors. Ted E. Bear Hollow Services offers free grief support groups and programs for children and teens experiencing grief. The programs are peer-supported rather than therapy-based. The document also discusses how children experience and express grief differently than adults depending on their developmental age, and offers tips for companioning and supporting grieving youth.
We offer the reader issue number
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„Next Generation DKE“ is the network of young managers, engineers, technicians.... the new faces in the field of electricity and electronics. This prentation gives an overwiew about the network. Where do we come from? What is our strategy? What are our activities? This are questions to be answered by this presentation.
Sleep Apnea – 2017 Update on Evaluation and ManagementSummit Health
The document provides an overview and update on sleep apnea, including its evaluation and treatment. It discusses the definition and types of sleep apnea, risk factors, diagnostic testing options, and treatment approaches such as CPAP, oral appliances, surgery, and lifestyle changes. The key goals in managing sleep apnea are to obtain accurate diagnostic data, educate patients, closely monitor treatment adherence, address any equipment issues, and ensure long-term follow up to optimize outcomes.
This document contains a presentation by Ledger Partnerships about investing in oil and gas production. It discusses the company's strategy of purchasing producing oil and gas leases and consolidating them into portfolios to generate predictable cash flows. It notes the risks involved in oil and gas investments and that past performance is not indicative of future results. The presentation provides examples of production assets generating monthly revenues ranging from $9,000 to $110,000 and argues that current low oil and gas prices create opportunities to purchase production assets.
The document analyzes data from the Minerals Management Service (MMS) and Bureau of Land Management (BLM) on federal oil and gas leases from 1997 to 2004. It finds that while the number of non-producing leases is often cited, the leases are constantly changing over 8 years as companies explore, drill, and either begin production or allow leases to expire. The percentage of producing leases and acreage under production increased over this period. It concludes that companies are actively exploring the leases through drilling and that non-producing leases represent a working inventory being evaluated for potential production.
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are currently finalizing the accounting regulations for leases, expecting to issue the new standards before the end of 2015. The new regulations will require organizations to capitalize many of their operating leases and record them in their balance sheets as assets and obligations.
With high volumes of complex lease contracts for drilling, equipment and joint operations, oil and gas operators are one of the groups that are most affected by the upcoming lease accounting standards. To ensure that they have the IT systems, applications, processes and controls ready to comply and to allow for potentially lengthy lead times, experts strongly recommend organizations to start considering today how technology can help them prepare, long before adopting the standard.
Allocation Wells and What Makes Them DifferentBailey LeRoux
This document summarizes key information about oil and gas permitting and regulation in Texas, including:
- The Texas Railroad Commission permits wells if the applicant has a good faith claim to the property, even if title is disputed.
- Horizontal wells are permitted to drill across multiple tracts of land without clear pooling authority from lessors.
- The rule of capture historically led to issues like excessive drilling that pooling requirements and Railroad Commission regulations were designed to address.
- Browning Oil Co. v. Luecke established that for horizontal wells, each tract penetrated is considered a drillsite tract entitled to a share of production attributable to that tract.
The document provides guidance on accounting for costs incurred in oil and gas exploration and production activities. It defines key terms and outlines the major activities in the upstream petroleum industry - acquisition of rights, exploration, development and production. For each activity, it describes the nature of costs incurred and how they are treated under Indian GAAP. The major accounting methods covered are successful efforts and full cost methods.
The document discusses investing in oil shale deposits in the United States. It notes that U.S. reliance on foreign oil has decreased to its lowest level in over 20 years due to production from oil shale deposits, with imports down to 40% from 60% a few years ago. The largest known oil shale deposits in the world are in the U.S., with total known reserves of nearly 5 trillion barrels. Investing in finding, extracting, and delivering oil from these large domestic shale deposits is promoted as a way to profit from America's largest petroleum resource. Specific formations like the Bakken in North Dakota and Montana and areas in Texas and Louisiana are highlighted as particularly promising for continued oil and gas production.
Unlocking the potential of appalachian ethaneAdvisian
Appalachia has significant untapped ethane potential due to large shale gas reserves containing high ethane content. While some ethane is currently exported or transported to Gulf Coast markets, further developing the regional petrochemical industry could unlock economic benefits. An estimated $10 billion in midstream infrastructure is needed, including for gas processing, ethane fractionation, storage, and pipelines. This would enable increased ethane production to fuel 4-6 additional world-scale crackers by 2030 and create thousands of construction and plant jobs.
1) Enhanced Oil Resources is an oil and gas company focused on increasing production and reserves through infill drilling and CO2 enhanced oil recovery in the Permian Basin.
2) The company owns the largest undeveloped helium and CO2 field in North America which could supply their CO2 EOR projects.
3) Their plan is to increase production to 1,000 bopd in 2010 through infill drilling and fracture stimulation, and begin permitting for CO2 pipelines and facilities.
This document discusses crude-by-rail (CBR) transportation in North America. It provides background on the growth of unconventional oil and gas production from shale plays and oil sands. Technological improvements have increased productivity and lowered costs. This has driven growth in CBR to transport crude oil from production areas to refineries. The document outlines the historical phases of CBR and factors that will influence its future, such as rail capacity, regulations, and price differentials. It also summarizes projections for continued growth in CBR origins from the Bakken and Western Canada due to inadequate pipeline capacity in the short to medium term.
Pacific Coal is developing the $465 million Hail Creek coal mine in Queensland, Australia to produce 5.5 million tonnes per annum of coking coal. The mine has reserves to support 40 years of production. Mining will use draglines and trucks & shovels to extract coal from the Elphinstone and Hynds seams, which are 6-9 meters thick. Two product coals will be produced - a low ash Hail Creek brand and medium ash Brumby brand, both suitable for use as metallurgical coal. The mine startup will be owner-operated using a fleet of excavators, haul trucks, dozers and other equipment that has been procured. Recruitment of operators
The document discusses shale gas, its production in the United States, and India's interest in exploring for shale gas domestically. Shale gas is natural gas trapped in shale rock formations that must be extracted through hydraulic fracturing. The US has seen a boom in shale gas production through fracturing, making the country energy independent. India has identified six basins with potential for shale gas. However, shale gas production requires large amounts of water and carries risks of groundwater contamination from fracturing fluids. Unless new water-efficient and less polluting technologies are developed, shale gas exploration will be difficult in India due to water availability and pollution issues.
2Co Energy - Don Valley Power Project - Securing Energy Supporting Growth – D...Global CCS Institute
As a part of the Institute's strategic focus on assisting CCS projects through knowledge sharing, three North American roadshow events will help the industry share project experiences and knowledge about CCS. Taking place in the US and Canada, the three events include:
• Austin, Texas on November 8, 2011;
• Calgary, Canada on 10 November, 2011; and
• Washington, D.C. on 19 January, 2012.
The first roadshow focused on sharing project experiences and knowledge from the projects in North America but also brought in projects from Europe (Don valley) and Australia (Callide) so that regionally diverse experiences could be shared amongst a global audience.
Attendance at the event was around 30 to 35 which allowed open and frank discussions around technical, management, and regulatory issues and how these challenges can impact on a project’s advancement and decision making processes.
Australia produces oil, gas, coal and renewable energy. Oil production is decreasing 4% annually and is predicted to reach 94 million barrels by 2025 based on APPEA data and 103 million barrels based on BP data. Gas production is increasing demand from Asia and Australia is becoming a major LNG exporter, expected to export 86 million tonnes per year by 2020. New South Wales and Western Australia consume the most oil and gas.
Australia produces oil, gas, coal and renewable energy. Oil production is decreasing 4% annually and is predicted to reach 94 million barrels by 2025 based on APPEA data and 103 million barrels based on BP data. Gas production is increasing with LNG exports projected to reach 86 million tonnes per year by 2020, making Australia the third largest LNG exporter in 2014. New South Wales and Western Australia consume the most oil and gas. The number of oil refineries is declining from seven to four by 2016.
TransCanada is a major player in the natural gas and power industries in North America. The Keystone XL pipeline would provide additional access for oil produced in Canada and the U.S. Bakken formation to refineries along the Gulf Coast. When completed, it will help address concerns about declining supplies from other countries and increase security of oil supplies in the U.S.
The document discusses U.S. shale gas resources and the challenges of developing them. It notes that shale gas reserves are conservatively estimated at 500-1000 trillion cubic feet and that hydraulic fracturing and horizontal drilling first made shale gas production economically viable. However, each shale play has unique characteristics that require tailored solutions. The document summarizes characteristics of major shale plays like the Barnett, Woodford, Haynesville, Bakken and Fayetteville and notes that best practices must evolve locally to address specific challenges in each play. Unconventional resources like shale gas require unconventional solutions to optimize production and costs.
Eth prod mag draft for aug 07 publicationSam Rushing
The document discusses carbon dioxide (CO2) as a coproduct of ethanol production. It notes that previously, a major source of CO2 was ammonia production, but many ammonia plants have closed. Now, ethanol facilities provide a significant portion of CO2 supply, especially in the Midwest where there is a regional oversupply. The author argues that ethanol producers should evaluate CO2 markets and consider capturing and selling CO2 to maximize revenues and prepare for potential future regulations around emissions.
Ximen is pressing ahead aggressively with its goal of becoming a gold producerStephan Bogner
Mining plan now revealed. The gold bull is back! At least according to Adam Hamilton, who cut right to the chase in his June 21, 2019 article “Gold Bull Breaking Out!”: “Gold finally surged to new bull-market highs this week! Several years after its last bull high, gold punched through vexing resistance after the Fed continued capitulating on ever normalizing. This huge milestone changes everything for gold and its miners’ stocks, unleashing new-high psychology fueling self-feeding buying. With speculators not yet all-in and investors wildly underdeployed, gold has room to power much higher.”
And Rockstone’s favorite gold stock at the moment, Ximen Mining Corp., achieved a huge milestone on June 20, 2019 in an announcement that has the potential to change everything as the explorer is pressing ahead aggressively with its goal of becoming a gold producer in southern British Columbia, Canada...
The Western Energy Corridor contains world-class energy resources that are critical to ensuring energy security for North America. The region has substantial oil, natural gas, coal, uranium, and renewable energy resources. It also has infrastructure like pipelines, transmission lines, and rail to access these resources. States and provinces in the corridor have an opportunity to collaborate on challenges and opportunities around developing these resources to support regional economic development.
RESERVOIRS IN DEVELOPMENT OF UNCONVENTIONAL PAKISTANnight seem
The document discusses Pakistan's unconventional energy resources like tight gas reservoirs, shale gas, and coal bed methane. It notes that these resources could help meet Pakistan's growing energy needs. Unconventional reservoirs are estimated to hold over 200 trillion cubic feet of natural gas. The development of these reservoirs provides challenges but is economically viable given current gas prices. An integrated approach involving exploration companies, service providers, industries, and the government is needed to successfully develop Pakistan's unconventional energy resources.
PBF Energy snaps up oil cargo from western canadaGE 94
[INDEED WCS/WTI DEPRESSED BECAUSE IMPERIAL'S EDMONDTON 187K/D WAS RUNNING <75% CAPACITY DURING MID-JUL AND VERY CHEAP C$].
KEARL LAKE HAS A VERY GOOD DISTILLATE, VGO YIELD FOR THE WINTER]
[500,000K BUT STILL INTERESTING MOVE THAT YOU WOULD NORMALLY EXPECT FROM GUYS LIKE FREEPOINT COMMODITIES NOT PBF !]
Kuwait plans to award a $4.3 billion contract for the first phase of a project to produce heavy oil at its northern Ratqa field. The project aims to produce 60,000 barrels per day by 2017-2018 as part of Kuwait's goal of reaching an oil production capacity of 4 million barrels per day by 2020. BP has awarded $3 billion worth of contracts for developing the Khazzan tight gas field in Oman, with plans to invest a total of $16 billion over 30 years to unlock 7 trillion cubic feet of gas. The project represents the first phase in developing one of the largest unconventional gas resources in the Middle East.
This document summarizes Guy Jarvis' presentation on Enbridge's liquids pipelines business. The key points are:
1) Enbridge has safely transported over 14 billion barrels of liquids over the past 10 years and is focused on further improving safety and operational reliability.
2) Through secured growth projects and system optimization efforts, Enbridge is on track to increase market access and available pipeline capacity to meet growing Canadian production volumes.
3) Enbridge's large integrated asset portfolio and development pipeline provide continued opportunities to expand its network and services across Western Canada, the U.S. Gulf Coast, and other key markets.
The document summarizes key aspects of shale gas development in North America and globally. It discusses how shale gas production differs from conventional reservoirs by requiring hydraulic fracturing to stimulate low permeability shale formations. The shale revolution has transformed expectations for natural gas supply by making vast shale gas resources technically and economically recoverable. This has major implications for North America's and the world's natural gas markets by reducing reliance on imports. However, issues around hydraulic fracturing continue to be debated regarding environmental and public health impacts.
Similar to Where to from here? Oil & Gas Investor article by Bettina Pierre-Gilles (20)
The Matatag Curriculum of the Philippines for the School Year 2024-2025
The Matatag Curriculum is designed to strengthen and enhance the educational system in the Philippines, aiming to address existing challenges and better prepare students for the future. "Matatag" means "strong" or "resilient" in Filipino, reflecting the curriculum's focus on building a solid and adaptable foundation for students.
The curriculum is structured for elementary (Grades 1-6), junior high (Grades 7-10), and senior high school (Grades 11-12) levels, with a focus on foundational skills, specialized tracks, and real-world learning experiences. Overseen by the Department of Education (DepEd), the Matatag Curriculum aims to improve academic performance, equip students with 21st-century skills, and foster responsible citizenship.
The Matatag Curriculum of the Philippines for the School Year 2024-2025 focuses on strengthening and enhancing the educational system with the following key features:
Holistic Development: Addresses intellectual, emotional, social, and physical growth.
Learner-Centered Approach: Promotes active learning, critical thinking, and problem-solving skills.
Revised Content and Competencies: Updates subject matter to align with global standards.
Technology Integration: Incorporates digital literacy and technology in education.
Sustainability and Global Citizenship: Introduces environmental sustainability and responsible citizenship concepts.
Indigenous Knowledge and Culture: Integrates and respects indigenous practices.
Teacher Training and Development: Provides continuous professional development for educators.
Assessment and Evaluation: Utilizes various assessment methods to measure student progress.
Test Bank For Principles Of Cost Accounting, 17th Edition Edward J. Vander...kevinkariuki227
Test Bank For Principles Of Cost Accounting, 17th Edition Edward J. Vanderbeck Chapters 1 - 10, Complete
Test Bank For Principles Of Cost Accounting, 17th Edition Edward J. Vanderbeck Chapters 1 - 10, Complete
Torajatoto : Aman Terpercaya Di indonesiaolivcakep2
If "Torajatoto " is a term related to a lottery or gambling system, it's important to approach such topics with caution, as gambling can have legal and ethical implications. Always ensure that any information or activities related to gambling comply with local laws and regulations.
Family/Indoor Entertainment Centers Market: Regulation and Compliance UpdatesAishwaryaDoiphode3
The global family/indoor entertainment centers market is valued at US$ 41 Bn in 2022 and is projected to exhibit growth at a CAGR of 12.2% and reach US$ 130 Bn by the end of 2032.
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9 Lessons From Jeff Bezos’ ONLY Podcast AppearanceLevership
If you lead an organization (CEO or management), this podcast is a much-watch.
Lex Fridman did a brilliant job getting the best out of Jeff Bezos.
It is a masterclass in strategic decision-making, business strategy, and execution.
Follow Levership/Symplicity CEO and founder Matt Symes on LinkedIn for more: https://www.linkedin.com/in/matt-symes-8328a765/
تأسست مجموعة العرجاني عام 2010 لتكون داعمللاقتصاد المصري بمختلف مجالاته على سبيل المثال لا الحصر الاستيراد والتصدير والخدمات اللوجيستية والتطوير العقاري والتشييد والبناء والنقل والتنمية الزراعية والخرسانة الجاهزة.
أهم شركات مجموعة العرجاني :
شركة أبناء سيناء للتجارة والمقاولات: تعمل في مشاريع البنية التحتية والتجارة في أفريقيا والشرق الأوسط.
شركة أبناء سيناء للبناء والتشييد: متخصصة في البناء وتوظيف فرق عمل متميزة.
شركة مصر سيناء: تركز على استصلاح الأراضي وتعدين الرخام.
شركة NRD: تطور تقنيات بناء جديدة تناسب الظروف البيئية.
شركة إيتوس: متخصصة في الحراسة والأمن.
مؤسسة سيناء للخير: تهدف لدعم المجتمع من خلال المشاريع الخيرية.
شركة أورجاني للتطوير: تعمل في التطوير العقاري وإدارة الفنادق.
شركة إيجي ميكس: تنتج الخرسانة الجاهزة.
Where to from here? Oil & Gas Investor article by Bettina Pierre-Gilles
2. C OA L B E D M E T H A N E
WHERE TO FROM HERE?
Drilling in the Horseshoe Canyon coals is gaining momentum, and operators are shifting to
more horizontal wells to unlock the Mannville’s potential.
BY BETTINA PIERRE-GILLES, PHASIS CONSULTING
T
he Canadian economy was strong throughout last year, the coal formations. As of the end of the year, the most
with the energy industry a major contributor to active industry players were:
that growth, seeing its highest level of activity. • EnCana Corp.;
According to data compiled by the Canadian Association of • Quicksilver Canada (formerly MGV Energy Inc.);
Petroleum Producers, Canada produced 17 billion cubic feet • Apache Canada Ltd.;
(Bcf) a day of conventional gas last year.Drilling for oil and gas • Trident Exploration Inc.;
was at its highest level ever,while production remained stable. • EOG Resources;
Although there was an increase in drilling and well com- • Centrica Canada Ltd.;
pletions, production remained unchanged. Supply of conven- • Canadian Natural Resources;
tional natural gas in Canada is fast becoming scarce. • Paramount Resources Ltd.;
According to the National Energy Board’s 2004 assessment, • Devon Canada Corp.; and
the remaining conventional gas supply is mainly in the • Fairborne Energy Trust.
Western Canadian Sedimentary Basin (WCSB). Alberta has the most vibrant CBM activity in Canada.
With gas demand rising at a rate of about 1.6% yearly, The coals available for exploration and development are
how does Canada supplement its conventional supplies to found in the Horseshoe Canyon, Belly River, Scollard
keep up? The answer relies heavily on developing uncon- (Ardley) and Mannville formations.
ventional resources—the Fort McMurray oil sands, tight
gas, shale gas and natural gas from coal—better known as HORSESHOE CANYON
coalbed methane (CBM). The Horseshoe Canyon formation is still the only commercial
According to the 2001 resource assessment released by CBM play in Canada. It gained commerciality from a joint-ven-
the Canadian Gas Potential Committee, Canada’s CBM ture project in 2002 between Quicksilver and EnCana (then
resources range between 500- and 700 trillion cubic feet of PanCanadian). There are more than 2,700 wells in the
gas. The majority of that unconventional resource’s Horseshoe Canyon, of which 1,650 are producing an average
reserves are in the WCSB, with the Alberta foothills and of 150,000 cubic feet of gas a day.
plains regions holding the largest amount of the CBM CBM production depends on the thickness of the coal
reserves within the basin. seam.The Horseshoe Canyon contains Upper Cretaceous,
In British Columbia, CBM is
referred to as coalbed gas (CBG), and
the resource there is still in the early
exploratory stages. However, it
should be noted that once CBG pro-
duction comes onstream, it will
shake unconventional supplies and
take its place in the mix.
Drilling for CBM in Alberta is cur-
rently at its peak, mainly because of
high natural gas prices. Last year,
some 3,000 CBM wells were
drilled—almost double the number
of the previous year’s well count.
More than 2,500 CBM wells cur-
rently are producing at an average
daily rate of 140,000 cubic feet per day.
Although there was a strong Note: 2004 Includes 692 re-completions.
increase in CBM production, there Sources: CAPP and FirstEnergy Capital Corp.
were no significant new entrants
into the producers’ mix to develop Coalbed-methane wells drilled more than doubled in 2005, and more growth is projected.
20 Canadian Energy Investment Opportunities • June 2006
3. C OA L B E D M E T H A N E
low permeability, almost fully dry coal. It has three coal
zones: the Drumheller, the Carbon Thompson and the
Daly-Weaver.The formation has an average coal thickness
of 1 to 2 meters, and is found at depths varying from 150
to 800 meters.
Along with the Horseshoe Canyon is the Belly River Group,
containing the McKay, Taber and Lethbridge coal zones, with
an average thickness ranging between 1 and 3 meters.
Because the coals in the Horseshoe Canyon are dry, it is
less expensive for producers to complete wells in the area,
as they do not have to deal with water-disposal issues. A
typical well on average costs C$275,000 to drill and com-
plete, with a rate of return of 35%-plus and a 1.5-year pay-
out. The majority of wells in the Horseshoe Canyon are
completed using vertical drilling techniques.
The major players in Horseshoe Canyon are EnCana,
Quicksilver, Apache, Fairborne, ConocoPhillips (through its
recent acquisition of Burlington Resources), Canadian Natural
Resources and various others.
Because of its commercial success, the Canyon’s coal play
is becoming saturated, so acquiring a piece of land in that
formation has become as pricey as drilling a new well in the
less-developed Mannville. Although there are substantially
high levels of gas available in the deeper areas of Horseshoe
Canyon, the cost of the technologies to get the gas out does
not support the economics for drilling at those depths.
MANNVILLE
The Mannville contains Lower Cretaceous coals.The coals
found closer to the plains have sub-bituminous to high-
volatile bituminous coal ranks, while the thickest coal can
be found in the Red Deer area.
Gates and Gething coals have ranks ranging from high-
volatile bituminous to anthracite.The Mannville coal ranges
in depth from 300 to more than 3,000 meters.
The major geological characteristic of this zone is how wet
its coals are—subsequently producing large amounts of water
before the gas is accessed.
The Mannville group of coals has significant potential.
Although the play to date is not commercial,the Trident/Nexen
Inc.joint venture in the Corbett could soon change that.At the
end of last year, there were about 230 wells drilled in the
Mannville,more than 110 of which now have production,aver-
aging 75,000 cubic feet a day per well.
Water production and disposal are the major issues holding
up commerciality in the Mannville. Drilling there has histor-
ically been completed using vertical technology. A small
number of companies, however, have realized the need for a
technological shift, essential for commercializing that play,
and have turned their attention to drilling horizontal wells.
To date, fewer than 40 such wells have been drilled.
While the Mannville is economic under vertical and hori-
zontal drilling programs, based on analyses, more gas is pro-
duced faster under the horizontal scheme and the payout is
faster within two years, compared with three to four years for
See COALBED METHANE on pg. 43
Oil and Gas Investor • www.oilandgasinvestor.com • June 2006 21
4. C OA L B E D M E T H A N E
COALBED METHANE, continued from pg. 21
commercial production from that formation. However, test
wells have been drilled in the Ardley that show a great
a vertical well. The cost for drilling a vertical well in recoverable potential. Another constraint for producers in
Mannville ranges from C$550,000 to C$800,000, while a that formation is freshwater production.
horizontal well could cost from C$800,000 to more than The Ardley zone is the only CBM play where the industry
C$1.5 million to drill and complete. players have adopted a wait-and-see attitude toward develop-
The Mannville has proven to be economic with vertical ment. The geology of the Ardley coal zone makes it not only
and horizontal drilling technologies. However, a smart pro- difficult, but also expensive for producers to explore there on
ducer with the right amount of capital from its investors a large scale.The fresh water produced in the area along with
would have better value for its investment by implement- the gas,creates an environmental headache that not many pro-
ing a horizontal drilling program.This offers the possibility ducers are willing to approach, unless they obtain firm and
to recover a high percentage of the in-place gas at higher decisive guidance from the regulators.
rates, faster and economically. Nevertheless, the Ardley should not be entirely ruled out as
Trident, in partnership with Nexen, announced in July a potential zone where CBM could be commercially produced.
that the Mannville was commercial, based on the produc- As of the end of last year,about 20 wells had been drilled there
tion results from their horizontal drilling program. with minimal production.
Although the timing for full commercialization of the Where do we go from here? Looking at geopolitics, this
Mannville coals is unknown, horizontal drilling is the most could be a great time for Canada’s oil and gas patch, particu-
economic approach to take. larly CBM.While we may not see a sudden rush to explore the
Ardley, we will, however, see a major shift in the Mannville,
OTHER COALS beginning with a change from vertical to horizontal drilling,
The Scollard formation is of Paleocene age and found at which may dramatically change gas outputs.
depths between 300 and 600 meters. This formation is
comprised of four coal zones: Val d'Or, Mynheer, Silkstone Bettina Pierre-Gilles is chief economist for Calgary-based
and Arbour.The area has low permeability,which may hinder Phasis Consulting.
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