Your Whispers staff, naturally, started wondering whether oil might follow natural gas out of north-central Arkansas' Fayetteville Shale Play, which is often compared to the Barnett Shale.
The short answer is really short: No.
"Everybody's got a Beverly Hillbillies mentality about oil," said Ed Ratchford of the Arkansas Geological Survey. The conditions that create hydrocarbons differ, so a shale formation that contains natural gas doesn't necessarily contain oil as well.
It seems the Fayetteville Shale Play is "thermally mature," meaning it contains a lot of natural gas and almost no oil.
But there's also a long answer. Ratchford said EOG's new technique might benefit a 10-county region in south Arkansas, home to an oil boom nearly a century ago. The south Arkansas region is thermally immature and primarily contains crude that's like "molasses in winter."
Ratchford last week received a request for geological data on south Arkansas from an oil company he wouldn't name. And that's unusual; most of the inquiries he receives these days are for north Arkansas
New horizontal drilling techniques using proper stimulation could help extract oil that was un-gettable using older methods. The region in which the new technique might be useful includes Union, Ashley, Ouachita, Columbia, Nevada, Hempstead, Bradley, Calhoun, Lafayette and Miller counties.
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|Date:||Mar 10, 2008|
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