The Blogtimely commentary and analysis on the state of energy

May

22

Are Shales A Bubble?

By Deborah Lawrence (Formerly Deborah Rogers) Hype works. Particularly when monetary and economic benefits are promised. Hype has been the primary tool used by the oil and gas industry with regard to shales and it has worked brilliantly. There is just one problem. When considering shale economic viability, hype was the only aspect that actually […]

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May

22

Monterey Reserves Slashed

EIA, part of the US Department of Energy, significantly downgraded the Monterey shale reserve estimates today. Prior estimates had projected 13.7 billion barrels of recoverable reserves. This was drastically slashed to .6 billion barrels. This constitutes a 95% revision in reserves. Further, the Monterey was touted by both industry and government as the largest potential […]

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Mar

06

Exxon’s Shale Reserves Drop Dramatically

By Deborah Lawrence Rogers In February, 2012, Exxon Mobil announced that approximately 40% of its reserve replacements came from two shale plays, the Woodford and the Bakken. Exxon stated: “Reserve additions in 2012 from the liquids-rich Woodford and Bakken plays in the United States totaled almost 750 million oil equivalent barrels.” This is of note […]

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