Reports & PresentationsUtica Shale Play PotentialSo How Big is Big? The Utica shale trend has a very large aerial extent, with the most prospective portion of the play covering an area that spans over 5,000 square kilometers. Several junior oil and gas companies including X-Terra Resources have amassed large exploration permits within this prospective fairway over the past several years. Their conviction in the resource potential and determination to test the commercial viability of the play is likely to come to a head in the very near-term. Drilling programs planned this summer by both FST and TLM on their respective acreages with partners will focus on confirming commercial quantities of gas flow and reserves primarily by drilling horizontal wells completed with multi-stage fracs. Initial estimates of the resource potential of the Quebec Utica shale play alone vary widely, however, based on the most recent information it could be ~25 Tcf of recoverable resource. This compares favorably with current proven reserves for all of Canada of 58 Tcf as estimated by the National Energy Board as at year-end 2007. February 24, 2009 July 28, 2008 June 18, 2008 May 28, 2008 May 2, 2008 April 8, 2008 |
