Using the Estimated Ultimate Recovery (EUR), the approximate quantity of oil or gas that can potentially be recovered from a well or reserve, two industry consultants have devised an algorithm to asses the amount of recoverable gas in a shale play.
Rafael Sandrea, the president of the consulting firm IPC Petroleum Consultants, and George Peels, an independent information management consultant, used an algorithm to find the production potential for each shale play. The algorithm, paired with gas-in-place values estimated by the U.S. Geological Survey, established the expected recovery factors for the five major shale plays as ranging from 4 percent (Haynesville) to 11 percent (Fayetteville) with an average of 5.4 percent.
This result is considerably less than the earlier U.S. Energy Information Administration average estimates of 11 percent.
Researchers said the algorithm provides new estimates on production potential from EUR estimates, giving key insight for production planning and infrastructure.
Article continues below this message
Have your opinion heard with Shale Gas International
We accept interesting, well-written opinion and analysis articles of up to 1,500 words, that offer unique insights into the shale industry. The articles cannot be overtly promotional in nature and need to fit into at least one of our content categories.
If accepted, the article must be exclusive to Shale Gas International website and cannot appear on any other websites, publications, etc. Each article may contain up to three links to external websites relevant to the content discussed in the piece.
If you would like to contribute to Shale Gas International website, please contact us at: editor[at]mw-ep.com