The Truth about Energy

The Truth about Energy http://www.energyblogs.com/NMCEP/index.cfm All the truth about Energy and the Energy industry that is fit to print: en-us Fri, 24 May 2013 23:04:11 -0600 Wed, 08 May 2013 09:03:00 -0600 BlogCFC http://blogs.law.harvard.edu/tech/rss wfine94268@aol.com wfine94268@aol.com Encana touts positive results from San Juan Basin oil exploration Company may add third rig locally http://www.energyblogs.com/NMCEP/index.cfm/2013/5/8/Encana-touts-positive-results-from-San-Juan-Basin-oil-exploration-Company-may-add-third-rig-locally <div class="articleByline" id="articleByline"> <span id="MNGi Section">By <span class="author vcard"><span class="fn">Chuck Slothower The Daily Times</span></span></span></div> <div class="articleDate" id="articleDate"> <span id="MNGi Section">Updated:   04/23/2013 10:51:50 PM MDT</span></div> <br /> <div class="articlePositionHeader"> <div class="articleImageBox" style="width:400px"> <span id="MNGi Section"><span class="articleImage"><a href="http://www.daily-times.com/portlet/article/html/imageDisplay.jsp?contentItemRelationshipId=5088185" target="_new"><img alt="" border="0" height="267" src="http://extras.mnginteractive.com/live/media/site567/2013/0423/20130423_033747_0424encana%7E1_400.jpg" title="" width="400" /></a></span></span> <div class="articleImageCaption" style="width:100%"> <span id="MNGi Section">An Encana well sits near Huerfano in this undated file photo. Encana on Tuesday announced positive results from its San Juan Basin oil exploration. (Daily Times file photo)</span></div> </div> </div> <div class="entry-content"> <div class="articleBody" id="articleBody"> <div class="articleViewerGroup" id="articleViewerGroup" style="border:0px;">  </div> <p> <span id="MNGi Section">FARMINGTON — Encana Corp. on Tuesday announced positive results from its San Juan Basin oil exploration, saying the effort had "reached commerciality" with production expected to exceed 1,700 barrels of oil equivalent per day.</span></p> <p> <span id="MNGi Section">The Canadian company, which has been the most aggressive firm in testing the potential of San Juan Basin oil, said it may add a rig by year's end to the two now operating in the basin.</span></p> <p> <span id="MNGi Section">Encana said it is working to add to its 166,000-acre position in the basin.</span></p> <p> <span id="MNGi Section">The publicly traded company gave the update in a quarterly report released Tuesday.</span></p> <p> <span id="MNGi Section">Encana drilled 13 San Juan Basin wells in 2012, and the company plans to <a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Text-Enhance">continue</a> drilling about one well per month, said Doug Hock, an Encana spokesman.</span></p> <p> <span id="MNGi Section">Encana said the last five wells completed have initial 30-day production rates of 150 to 700 barrels of oil equivalent per day, producing 80 percent oil.</span></p> <p> <span id="MNGi Section">Well costs are $5 million to $6 million per well, the company said. The type of wells Encana has drilled require horizontal drilling and multiple stages of hydraulic fracturing.</span></p> <p> <span id="MNGi Section">Like other companies, Encana is pursuing oil while natural gas prices remain <a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin#" id="_GPLITA_1" style="text-decoration:underline" title="Click to Continue > by Text-Enhance">depressed</a>.</span></p> <p> <span id="MNGi Section">"Our strategy is really to start to develop our oil and liquids portfolio," Hock said.</span></p> <p> <span id="MNGi Section">Encana expects to spend about $100 million in the basin in 2013, about the same as last year.</span></p> <p> <span id="MNGi Section">Encana is partnering with local independent oil and gas companies that have long-established </span></p> <div class="articleEmbeddedAdBox" style="width:336px"> <hr class="articleAdRule" /> <br /> <hr class="articleAdRule" /> </div> <span id="MNGi Section">leases in the basin, including Dugan Production Corp., Robert L. Bayless Producer and McElvain Energy Inc. </span> <p> <span id="MNGi Section">"It's certainly helping us," said Tom Dugan, founder and president of Dugan Production. "We're happy with our arrangement."</span></p> <p> <span id="MNGi Section">To date, Encana has drilled 17 wells on Dugan leases, one with Bayless and one with McElvain, Dugan said. Some of the wells are awaiting completion.</span></p> <p> For more of the article go to --><a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin"> http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin</a></p> </div> </div> Regulatory & Legal Financial Gas Emissions & Environmental Energy Trading Asset Management Wed, 08 May 2013 09:03:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/5/8/Encana-touts-positive-results-from-San-Juan-Basin-oil-exploration-Company-may-add-third-rig-locally Encana touts positive results from San Juan Basin oil exploration Company may add third rig locally http://www.energyblogs.com/NMCEP/index.cfm/2013/4/25/Encana-touts-positive-results-from-San-Juan-Basin-oil-exploration-Company-may-add-third-rig-locally <div class="articleByline" id="articleByline"> <span id="MNGi Section">By <span class="author vcard"><span class="fn">Chuck Slothower The Daily Times</span></span></span></div> <div class="articleDate" id="articleDate"> <span id="MNGi Section">Updated:   04/23/2013 10:51:50 PM MDT</span></div> <br /> <div class="articlePositionHeader"> <div class="articleImageBox" style="width:400px"> <span id="MNGi Section"><span class="articleImage"><a href="http://www.daily-times.com/portlet/article/html/imageDisplay.jsp?contentItemRelationshipId=5088185" target="_new"><img alt="" border="0" height="267" src="http://extras.mnginteractive.com/live/media/site567/2013/0423/20130423_033747_0424encana%7E1_400.jpg" title="" width="400" /></a></span></span> <div class="articleImageCaption" style="width:100%"> <span id="MNGi Section">An Encana well sits near Huerfano in this undated file photo. Encana on Tuesday announced positive results from its San Juan Basin oil exploration. (Daily Times file photo)</span></div> </div> </div> <div class="entry-content"> <div class="articleBody" id="articleBody"> <div class="articleViewerGroup" id="articleViewerGroup" style="border:0px;">  </div> <p> <span id="MNGi Section">FARMINGTON — Encana Corp. on Tuesday announced positive results from its San Juan Basin oil exploration, saying the effort had "reached commerciality" with production expected to exceed 1,700 barrels of oil equivalent per day.</span></p> <p> <span id="MNGi Section">The Canadian company, which has been the most aggressive firm in testing the potential of San Juan Basin oil, said it may add a rig by year's end to the two now operating in the basin.</span></p> <p> <span id="MNGi Section">Encana said it is working to add to its 166,000-acre position in the basin.</span></p> <p> <span id="MNGi Section">The publicly traded company gave the update in a quarterly report released Tuesday.</span></p> <p> <span id="MNGi Section">Encana drilled 13 San Juan Basin wells in 2012, and the company plans to <a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Text-Enhance">continue</a> drilling about one well per month, said Doug Hock, an Encana spokesman.</span></p> <p> <span id="MNGi Section">Encana said the last five wells completed have initial 30-day production rates of 150 to 700 barrels of oil equivalent per day, producing 80 percent oil.</span></p> <p> <span id="MNGi Section">Well costs are $5 million to $6 million per well, the company said. The type of wells Encana has drilled require horizontal drilling and multiple stages of hydraulic fracturing.</span></p> <p> <span id="MNGi Section">Like other companies, Encana is pursuing oil while natural gas prices remain <a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin#" id="_GPLITA_1" style="text-decoration:underline" title="Click to Continue > by Text-Enhance">depressed</a>.</span></p> <p> <span id="MNGi Section">"Our strategy is really to start to develop our oil and liquids portfolio," Hock said.</span></p> <p> <span id="MNGi Section">Encana expects to spend about $100 million in the basin in 2013, about the same as last year.</span></p> <p> <span id="MNGi Section">Encana is partnering with local independent oil and gas companies that have long-established </span></p> <div class="articleEmbeddedAdBox" style="width:336px"> <hr class="articleAdRule" /> <br /> <hr class="articleAdRule" /> </div> <span id="MNGi Section">leases in the basin, including Dugan Production Corp., Robert L. Bayless Producer and McElvain Energy Inc. </span> <p> <span id="MNGi Section">"It's certainly helping us," said Tom Dugan, founder and president of Dugan Production. "We're happy with our arrangement."</span></p> <p> <span id="MNGi Section">To date, Encana has drilled 17 wells on Dugan leases, one with Bayless and one with McElvain, Dugan said. Some of the wells are awaiting completion.</span></p> <p> For more of the article go to --><a href="http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin"> http://www.daily-times.com/ci_23089389/encana-touts-positive-results-from-san-juan-basin</a></p> </div> </div> Financial Gas Emissions & Environmental General Energy Trading Asset Management Thu, 25 Apr 2013 23:00:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/4/25/Encana-touts-positive-results-from-San-Juan-Basin-oil-exploration-Company-may-add-third-rig-locally Oil, gas wells in northwestern NM show potential http://www.energyblogs.com/NMCEP/index.cfm/2013/4/17/Oil-gas-wells-in-northwestern-NM-show-potential <div class="main span6 entry-content"> <p> FARMINGTON, N.M. (AP) — The oil and gas industry is getting excited about a potential boom in northwestern New Mexico.</p> <p> Preliminary results from some of the 22 exploratory wells drilled in the Mancos shale formation in the San Juan Basin show commercial potential for production, according to industry executives who visited Farmington this week.</p> <p> Ken McQueen of Oklahoma-based WPX Energy Inc. told the Albuquerque Journal (http://bit.ly/Yv3MkJ ) that two wells the company drilled in 2010 in a dry natural gas section of the Mancos have produced 2 billion cubic feet of gas so far. He described the area as an "attractive target" to pursue.</p> <p> "These two wells are in the top 10 best wells drilled by WPX to date," he said. "They're quite extraordinary for us."</p> <p> Energy development companies were hopeful about the prospects for liquid natural gas and oil in other sections of the Mancos formation.</p> <div class="widget newsletter-widget" id="newsletter-signup-local"> <header> <h1 class="title-label">  </h1> </header> <footer>Mancos shale is sandwiched between soft sandstone layers in the San Juan Basin that producers have been exploiting for decades. Modern drilling techniques allow resources trapped inside the rock-hard shale to be tapped. Three dimensional imaging helps pinpoint oil and gas deposits, while hydraulic fracturing and horizontal drilling can access the deposits.</footer><br />  </div> <p> "I'm bullish on the Mancos," said T. Greg Merrion, president of Merrion Oil and Gas Corp. in Farmington. His company is partnering with Denver-based Bill Barrett Corp. to drill exploratory oil wells in the area.</p> <p> "We've already seen a number of wells drilled that are economic," Merrion said.</p> <p> Eight companies have received permits to drill 45 wells. Almost half of the wells are producing or ready to produce. Among those are a dozen wells being developed by Canada's Encana Corp. The company has invested $100 million in the Mancos <a href="http://washingtonexaminer.com/oil-gas-wells-in-northwestern-nm-show-potential/article/feed/2082202#" id="_GPLITA_2" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">play</a>.For more of this article go to---> <a href="http://washingtonexaminer.com/oil-gas-wells-in-northwestern-nm-show-potential/article/feed/2082202">http://washingtonexaminer.com/oil-gas-wells-in-northwestern-nm-show-potential/article/feed/2082202</a></p> <br /> <p> <a href="http://i.trkjmp.com/click?v=VVM6MjgxMTc6NDppbmZvcm1hdGlvbjpjMDZkNTQwNmVlMTI3MzY3YzlkOTUyYmZkODQ1NTkyODp6LTEwNjMtMTIwNzUwOndhc2hpbmd0b25leGFtaW5lci5jb206MjEzNjA6Y2NkMTczMjUyMjc5YWRiODZhYzAyZjYzOGY3MjQ0MGQ" id="_GPLITA_4" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">Information</a> from: Albuquerque Journal, http://www.abqjournal.com By Kevin Robinson-Avila</p> </div> Financial Gas Emissions & Environmental General Energy Trading Asset Management Wed, 17 Apr 2013 08:43:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/4/17/Oil-gas-wells-in-northwestern-NM-show-potential Oil, gas wells in northwestern NM show potential http://www.energyblogs.com/NMCEP/index.cfm/2013/4/8/Oil-gas-wells-in-northwestern-NM-show-potential <p> FARMINGTON, N.M. (AP) — The oil and gas industry is getting excited about a potential boom in northwestern New Mexico.</p> <p> Preliminary results from some of the 22 exploratory wells drilled in the Mancos shale formation in the San Juan Basin show commercial potential for production, according to industry executives who visited Farmington this week.</p> <p> Ken McQueen of Oklahoma-based WPX Energy Inc. told the Albuquerque Journal (http://bit.ly/Yv3MkJ ) that two wells the company drilled in 2010 in a dry natural gas section of the Mancos have produced 2 billion cubic feet of gas so far. He described the area as an "attractive target" to pursue.</p> <p> "These two wells are in the top 10 best wells drilled by WPX to date," he said. "They're quite extraordinary for us."</p> <p> Energy development companies were hopeful about the prospects for liquid natural gas and oil in other sections of the Mancos formation.</p> <p> Information from: Albuquerque Journal, http://www.abqjournal.com (by Kevin Robinson-Avila)</p> <div class="widget newsletter-widget" id="newsletter-signup-"> <header> <h1 class="title-label">  </h1> </header> <footer></footer>Mancos shale is sandwiched between soft sandstone layers in the San Juan Basin that producers have been exploiting for decades. Modern drilling techniques allow resources trapped inside the rock-hard shale to be tapped. Three dimensional imaging helps pinpoint oil and gas deposits, while hydraulic fracturing and horizontal drilling can access the deposits.</div> <p> "I'm bullish on the Mancos," said T. Greg Merrion, president of Merrion Oil and Gas Corp. in Farmington. His company is partnering with Denver-based Bill Barrett Corp. to drill exploratory oil wells in the area.</p> <p> "We've already seen a number of wells drilled that are economic," Merrion said.</p> <p> Eight companies have received permits to drill 45 wells. Almost half of the wells are producing or ready to produce. Among those are a dozen wells being developed by Canada's Encana Corp. The company has invested $100 million in the Mancos play.</p> <p> For more of the article go to---> <a href="http://washingtonexaminer.com/oil-gas-wells-in-northwestern-nm-show-potential/article/feed/2082202">http://washingtonexaminer.com/oil-gas-wells-in-northwestern-nm-show-potential/article/feed/2082202</a></p> Regulatory & Legal Financial Gas Emissions & Environmental General Energy Trading Mon, 08 Apr 2013 23:13:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/4/8/Oil-gas-wells-in-northwestern-NM-show-potential Industry Touts Major Mancos Shale Play: Estimates point to 6B barrels of recoverable oil http://www.energyblogs.com/NMCEP/index.cfm/2013/3/20/Industry-Touts-Major-Mancos-Shale-Play-Estimates-point-to-6B-barrels-of-recoverable-oil <p> By <a href="http://durangoherald.com/apps/pbcs.dll/personalia?ID=ecow">Emery Cowan</a> Durango Herald staff writer <a href="mailto:ecowan@durangoherald.com">ecowan@durangoherald.com</a></p> <p>  </p> <div> <p class="articleText"> <span class="dropcap">F</span>ARMINGTON – The San Juan Basin could be headed toward a renaissance in natural-gas and oil drilling if rosy expectations touted by industry officials at Monday’s San Juan Basin Energy Conference hold true.</p> </div> <div> <p class="articleText"> “In the southern part of the basin, the Mancos play has the potential to revitalize declining San Juan Basin oil production and also has a tremendous amount of future gas production in the northern part of the basin,” said Ron Broadhead, a principal petroleum geologist with the New Mexico Bureau of Geology and Mineral Resources.</p> </div> <div> <p class="articleText"> The conference, which drew about 500 attendees from across the nation to San Juan College, was the first to have a dedicated focus on the Mancos Shale, which stretches across the northwestern part of New Mexico and into southwestern Colorado.</p> </div> <div> <p class="articleText"> After years of declining production in the San Juan Basin, companies are eyeing the shale play for both natural-gas and oil potential because of advances in hydraulic fracturing and horizontal drilling technologies that have helped operators unlock shale gas and oil across the nation.</p> </div> <div> <p class="articleText"> “It’s reasonable that the Mancos Shale could be a really, really good shale play in the San Juan Basin,” said Darryl Williams, the vice president of subsurface for BP North America Gas Exploration and Production Co.</p> </div> <div> <p class="articleText"> Other presenters were more direct.</p> </div> <div> <p class="articleText"> “I’m bullish on the Mancos, we’ve already seen a number of wells drilled that are economic,” said T. Greg Merrion, president of Merrion Oil and Gas. “I’m looking forward to this next boom.”</p> </div> <div> <p class="articleText"> With natural-gas prices hanging around $4 per thousand cubic feet, many conference speakers focused on the oil-producing <a href="http://durangoherald.com/article/20130318/NEWS01/130319558/0/News01/Industry-touts-major-Mancos-Shale-play#" id="_GPLITA_2" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">window</a> of the shale play located in the southern San Juan Basin.</p> </div> <div> <p class="articleText"> The play has been estimated to contain up to 60 billion barrels of oil, about 10 percent of which is expected to be recoverable, according to estimates by Encana and Daniel Fine, a senior energy analyst with the New Mexico Center for Energy Policy.</p> </div> <div> <p class="articleText"> The possibility of a resurgence had some speakers proclaiming the beginning of a new era of economic prosperity for northwest New Mexico.</p> </div> <div> <p class="articleText"> “These are happy times again,” former U.S. Senator Pete Domenici said. For more of the article use this link-----> <a href="http://durangoherald.com/article/20130318/NEWS01/130319558/0/News01/Industry-touts-major-Mancos-Shale-play">http://durangoherald.com/article/20130318/NEWS01/130319558/0/News01/Industry-touts-major-Mancos-Shale-play</a></p> </div> Regulatory & Legal Financial Gas Emissions & Environmental Energy Trading Asset Management Wed, 20 Mar 2013 22:20:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/3/20/Industry-Touts-Major-Mancos-Shale-Play-Estimates-point-to-6B-barrels-of-recoverable-oil The San Juan Basin Energy Conference with Arizona Public Service & Public Service of New Mexico http://www.energyblogs.com/NMCEP/index.cfm/2013/3/16/The-San-Juan-Basin-Energy-Conference-with-Arizona-Public-Service--Public-Service-of-New-New-Mexico <p> wo days of presentations from industry leaders. Expected presenters: Encana, Chevron, Continental Resources, BP and more.... This Conference brings together the Mancos Shale prospects from the operators and specialists for the first time. It uncovers what is the next oil and gas shale "play" after the Barnett and Eagle Ford in Texas and the Marcellus in the East. This is nothing less than a San Juan Basin Renaissance after nearly a century of petroleum geology and activity. Conference organizers are touting the Mancos as “the next shale play in the United States.</p> <p> Price: 400</p> <p class="paidInfo"> <a href="http://www.sanjuanbasinenergy.org" itemprop="url" target="_blank">Click here for more information</a><br /> <span>Diana Lang</span><br /> 505-566-3892</p> <div class="eventsLogo_paidColumn"> <dl> <dt> When:</dt> <dd> <p> Monday, March 18, 2013 - Tuesday, March 19, 2013</p> <p> 08:00 am - 05:00 pm</p> </dd> <dt> Sponsor:</dt> <dd> <p> San Juan County,Farmington Chamber of Commerce,San Juan College School of Energy,New Mexico Tech</p> </dd> <dt> Where:</dt> <dd> <p> San Juan College in the Henderson Fine Arts Center<br /> San Juan College<br /> 4601 College Blvd.<br /> Farmington, NM 87402-4699</p> </dd> </dl> </div> <p>  </p> <p> <a href="http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a></p> Regulatory & Legal Financial Gas Energy Trading General Asset Management Sat, 16 Mar 2013 09:00:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/3/16/The-San-Juan-Basin-Energy-Conference-with-Arizona-Public-Service--Public-Service-of-New-New-Mexico Oil Producers To Share Four Corners (Mancos Shale) Data At Conference http://www.energyblogs.com/NMCEP/index.cfm/2013/3/10/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference <div id="rpuCopySelection" style="text-align: left; font-size: 12px; color: black;"> <p itemprop="articleBody"> <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">FARMINGTON, N.M.</span></span></span>, <span class="xn-chron">Dec. 31, 2012</span> /PRNewswire/ -- An energy conference scheduled for <span class="xn-chron">March 18</span> and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Northwest New Mexico</span></span></span>. The conference will be held at <span class="xn-org">San Juan College</span> in the Henderson Fine Arts Center.</p> <p itemprop="articleBody"> "This is the Renaissance of the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin," said conference organizer Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."</p> <p itemprop="articleBody"> The conference is titled, "<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.</p> <p itemprop="articleBody"> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.</p> <p itemprop="articleBody"> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.</p> <p itemprop="articleBody"> "There are so many companies active in the region," said <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy Pacheco </span></span>, Dean of the School of Energy at <span class="xn-org"><a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_0" style="text-decoration: underline;" title="Click to Continue > by Coupon Companion">San Juan College</a></span>. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."</p> <p itemprop="articleBody"> Encana Oil & Gas (<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">USA</span></span></span>) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.</p> <p itemprop="articleBody"> "There's a great deal of interest from <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_1" style="text-decoration: underline;" title="Click to Continue > by Coupon Companion">investment groups</a>, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."</p> <p itemprop="articleBody"> Fine said industry representatives will present their results during the conference, which will be Monday and <span class="xn-chron">Tuesday, March 18</span> and 19, 2013, in <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span>.</p> <p itemprop="articleBody"> "This conference highlights the changes in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin – moving from natural gas production to oil," said Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">James Henderson </span></span>, <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span> Commissioner. "Additionally, The <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."</p> <p itemprop="articleBody"> Fine said, "This is a major change and promises to be a boom in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin since 2010. The combination of the two methods has opened up shale reservoirs from <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Pennsylvania</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">North Dakota</span></span></span> to <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Texas</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">New Mexico</span></span></span>."</p> <p itemprop="articleBody"> "The oil <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_2" style="text-decoration: underline;" title="Click to Continue > by Coupon Companion">window</a> in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin couldn't develop the shale economically."</p> <p itemprop="articleBody"> At the price of <span class="xn-money">$70</span> per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than <span class="xn-money">$400 billion</span>.</p> <p itemprop="articleBody"> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.</p> <p itemprop="articleBody"> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are <span class="xn-org">New Mexico Tech</span>, the School of Energy at <span class="xn-org">San Juan College</span>, the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span>.</p> <p itemprop="articleBody"> For more information or to register for the conference, visit <a href="http://www.sanjuanbasinenergy.org/" target="_blank">www.sanjuanbasinenergy.org</a><a href="http://www.sanjuanbasinenergy.org.">.</a></p> <p itemprop="articleBody"> Contact: <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Thomas Guengerich </span></span>, <span class="xn-org">New Mexico Tech</span> public information, 575-835-5617<br /> Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, Center for Energy Policy, 505-771-1865<br /> <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy A. Pacheco </span></span>, Dean, <span class="xn-org">San Juan College</span> School of Energy, 505-486-5306</p> <p> SOURCE <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce</p> <br /> <br /> RELATED LINKS<br /> <a href="http://www.sanjuanbasinenergy.org" target="_blank" title="Link to http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a><br /> <span id="curate-us-tag"><a href="http://s.tt/1xPf3"><img height="11" src="http://1.rp-api.com/3843852/via.png" style="padding-right: 3px; border: medium none; vertical-align: -12%;" width="12" />PR Newswire</a> (<a href="http://s.tt/1xPf3">http://s.tt/1xPf3</a>)</span></div> Regulatory & Legal Financial Energy Trading General Risk Management Asset Management Sun, 10 Mar 2013 12:40:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/3/10/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference Oil Producers To Share Four Corners Data At Conference (Next giant shale oil play?) http://www.energyblogs.com/NMCEP/index.cfm/2013/2/27/Oil-Producers-To-Share-Four-Corners-Data-At-Conference-Next-giant-shale-oil-play <p> FARMINGTON, N.M., Dec. 31, 2012 /PRNewswire/ -- An energy conference scheduled for March 18 and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of Northwest New Mexico. The conference will be held at San Juan College in the Henderson Fine Arts Center.<br /> <br /> "This is the Renaissance of the San Juan Basin," said conference organizer Dr. Daniel Fine , senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."<br /> <br /> The conference is titled, "San Juan Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.<br /> <br /> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing ? or fracking ? to tap into previously locked-in unconventional shale gas and liquids, Fine said.<br /> <br /> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.<br /> <br /> "There are so many companies active in the region," said Randy Pacheco , Dean of the School of Energy at San Juan College. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."<br /> <br /> Encana Oil & Gas (USA) Inc., a Canadian company, has partnered with a local independent producer ? Dugan Production of Farmington ? to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.<br /> <br /> "There's a great deal of interest from investment groups, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."<br /> <br /> Fine said industry representatives will present their results during the conference, which will be Monday and Tuesday, March 18 and 19, 2013, in Farmington.<br /> <br /> "This conference highlights the changes in the San Juan Basin ? moving from natural gas production to oil," said Dr. James Henderson , San Juan County Commissioner. "Additionally, The San Juan Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."<br /> <br /> Fine said, "This is a major change and promises to be a boom in the San Juan Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the San Juan Basin since 2010. The combination of the two methods has opened up shale reservoirs from Pennsylvania and North Dakota to Texas and New Mexico."<br /> <br /> "The oil window in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the San Juan Basin couldn't develop the shale economically."<br /> <br /> At the price of $70 per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than $400 billion.<br /> <br /> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education ? issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.<br /> <br /> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are New Mexico Tech, the School of Energy at San Juan College, the Farmington Chamber of Commerce and San Juan County.<br /> <br /> For more information or to register for the conference, visit <a class="bbc_link" href="http://www.sanjuanbasinenergy.org." target="_blank">www.sanjuanbasinenergy.org.</a><br /> <br /> Contact: Thomas Guengerich , New Mexico Tech public information, 575-835-5617<br /> Dr. Daniel Fine , Center for Energy Policy, 505-771-1865<br /> Randy A. Pacheco , Dean, San Juan College School of Energy, 505-486-5306<br /> <br /> SOURCE Farmington Chamber of Commerce<br /> <br /> <br /> RELATED LINKS<br /> <a class="bbc_link" href="http://www.sanjuanbasinenergy.org" target="_blank">http://www.sanjuanbasinenergy.org</a><br /> PR Newswire (<a class="bbc_link" href="http://s.tt/1xPf3%29" target="_blank">http://s.tt/1xPf3)</a></p> Regulatory & Legal Financial Gas Energy Trading General Asset Management Wed, 27 Feb 2013 12:09:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/2/27/Oil-Producers-To-Share-Four-Corners-Data-At-Conference-Next-giant-shale-oil-play Oil Producers To Share Four Corners (Mancos Shale) Data At Conference http://www.energyblogs.com/NMCEP/index.cfm/2013/2/15/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference <div id="rpuCopySelection" style="text-align: left; font-size: 12px; color: black;"> <p itemprop="articleBody"> <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">FARMINGTON, N.M.</span></span></span>, <span class="xn-chron">Dec. 31, 2012</span> /PRNewswire/ -- An energy conference scheduled for <span class="xn-chron">March 18</span> and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Northwest New Mexico</span></span></span>. The conference will be held at <span class="xn-org">San Juan College</span> in the Henderson Fine Arts Center.</p> <p itemprop="articleBody"> "This is the Renaissance of the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin," said conference organizer Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."</p> <p itemprop="articleBody"> The conference is titled, "<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.</p> <p itemprop="articleBody"> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.</p> <p itemprop="articleBody"> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.</p> <p itemprop="articleBody"> "There are so many companies active in the region," said <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy Pacheco </span></span>, Dean of the School of Energy at <span class="xn-org"><a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">San Juan College</a></span>. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."</p> <p itemprop="articleBody"> Encana Oil & Gas (<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">USA</span></span></span>) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.</p> <p itemprop="articleBody"> "There's a great deal of interest from <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_1" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">investment groups</a>, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."</p> <p itemprop="articleBody"> Fine said industry representatives will present their results during the conference, which will be Monday and <span class="xn-chron">Tuesday, March 18</span> and 19, 2013, in <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span>.</p> <p itemprop="articleBody"> "This conference highlights the changes in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin – moving from natural gas production to oil," said Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">James Henderson </span></span>, <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span> Commissioner. "Additionally, The <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."</p> <p itemprop="articleBody"> Fine said, "This is a major change and promises to be a boom in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin since 2010. The combination of the two methods has opened up shale reservoirs from <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Pennsylvania</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">North Dakota</span></span></span> to <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Texas</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">New Mexico</span></span></span>."</p> <p itemprop="articleBody"> "The oil <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_2" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">window</a> in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin couldn't develop the shale economically."</p> <p itemprop="articleBody"> At the price of <span class="xn-money">$70</span> per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than <span class="xn-money">$400 billion</span>.</p> <p itemprop="articleBody"> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.</p> <p itemprop="articleBody"> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are <span class="xn-org">New Mexico Tech</span>, the School of Energy at <span class="xn-org">San Juan College</span>, the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span>.</p> <p itemprop="articleBody"> For more information or to register for the conference, visit <a href="http://www.sanjuanbasinenergy.org/" target="_blank">www.sanjuanbasinenergy.org</a>.</p> <p itemprop="articleBody"> Contact: <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Thomas Guengerich </span></span>, <span class="xn-org">New Mexico Tech</span> public information, 575-835-5617<br /> Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, Center for Energy Policy, 505-771-1865<br /> <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy A. Pacheco </span></span>, Dean, <span class="xn-org">San Juan College</span> School of Energy, 505-486-5306</p> <p> SOURCE <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce</p> <br /> <br /> RELATED LINKS<br /> <a href="http://www.sanjuanbasinenergy.org" target="_blank" title="Link to http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a><br /> <span id="curate-us-tag"><a href="http://s.tt/1xPf3"><img height="11" src="http://1.rp-api.com/3843852/via.png" style="padding-right:3px;border:none;vertical-align:-12%;" width="12" />PR Newswire</a> (<a href="http://s.tt/1xPf3">http://s.tt/1xPf3</a>)</span></div> Regulatory & Legal Financial Emissions & Environmental Energy Trading Industry Structure Asset Management Fri, 15 Feb 2013 08:13:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/2/15/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference Oil Producers To Share Four Corners (Mancos Shale) Data At Conference http://www.energyblogs.com/NMCEP/index.cfm/2013/2/6/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference <div id="rpuCopySelection" style="text-align: left; font-size: 12px; color: black;"> <p itemprop="articleBody"> <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">FARMINGTON, N.M.</span></span></span>, <span class="xn-chron">Dec. 31, 2012</span> /PRNewswire/ -- An energy conference scheduled for <span class="xn-chron">March 18</span> and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Northwest New Mexico</span></span></span>. The conference will be held at <span class="xn-org">San Juan College</span> in the Henderson Fine Arts Center.</p> <p itemprop="articleBody"> "This is the Renaissance of the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin," said conference organizer Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."</p> <p itemprop="articleBody"> The conference is titled, "<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.</p> <p itemprop="articleBody"> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.</p> <p itemprop="articleBody"> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.</p> <p itemprop="articleBody"> "There are so many companies active in the region," said <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy Pacheco </span></span>, Dean of the School of Energy at <span class="xn-org"><a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">San Juan College</a></span>. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."</p> <p itemprop="articleBody"> Encana Oil & Gas (<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">USA</span></span></span>) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.</p> <p itemprop="articleBody"> "There's a great deal of interest from <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_1" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">investment groups</a>, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."</p> <p itemprop="articleBody"> Fine said industry representatives will present their results during the conference, which will be Monday and <span class="xn-chron">Tuesday, March 18</span> and 19, 2013, in <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span>.</p> <p itemprop="articleBody"> "This conference highlights the changes in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin – moving from natural gas production to oil," said Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">James Henderson </span></span>, <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span> Commissioner. "Additionally, The <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."</p> <p itemprop="articleBody"> Fine said, "This is a major change and promises to be a boom in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin since 2010. The combination of the two methods has opened up shale reservoirs from <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Pennsylvania</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">North Dakota</span></span></span> to <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Texas</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">New Mexico</span></span></span>."</p> <p itemprop="articleBody"> "The oil <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_2" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">window</a> in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin couldn't develop the shale economically."</p> <p itemprop="articleBody"> At the price of <span class="xn-money">$70</span> per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than <span class="xn-money">$400 billion</span>.</p> <p itemprop="articleBody"> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.</p> <p itemprop="articleBody"> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are <span class="xn-org">New Mexico Tech</span>, the School of Energy at <span class="xn-org">San Juan College</span>, the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span>.</p> <p itemprop="articleBody"> For more information or to register for the conference, visit <a href="http://www.sanjuanbasinenergy.org/" target="_blank">www.sanjuanbasinenergy.org</a>.</p> <p itemprop="articleBody"> Contact: <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Thomas Guengerich </span></span>, <span class="xn-org">New Mexico Tech</span> public information, 575-835-5617<br /> Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, Center for Energy Policy, 505-771-1865<br /> <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy A. Pacheco </span></span>, Dean, <span class="xn-org">San Juan College</span> School of Energy, 505-486-5306</p> <p> SOURCE <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce</p> <br /> <br /> RELATED LINKS<br /> <a href="http://www.sanjuanbasinenergy.org" target="_blank" title="Link to http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a><br /> <span id="curate-us-tag"><a href="http://s.tt/1xPf3"><img height="11" src="http://1.rp-api.com/3843852/via.png" style="padding-right:3px;border:none;vertical-align:-12%;" width="12" />PR Newswire</a> (<a href="http://s.tt/1xPf3">http://s.tt/1xPf3</a>)</span></div> Regulatory & Legal Financial Gas Energy Trading General Asset Management Wed, 06 Feb 2013 21:05:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/2/6/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference Oil Producers To Share Four Corners (Mancos Shale) Data At Conference http://www.energyblogs.com/NMCEP/index.cfm/2013/1/27/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference <div id="rpuCopySelection" style="text-align: left; font-size: 12px; color: black;"> <p itemprop="articleBody"> <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">FARMINGTON, N.M.</span></span></span>, <span class="xn-chron">Dec. 31, 2012</span> /PRNewswire/ -- An energy conference scheduled for <span class="xn-chron">March 18</span> and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Northwest New Mexico</span></span></span>. The conference will be held at <span class="xn-org">San Juan College</span> in the Henderson Fine Arts Center.</p> <p itemprop="articleBody"> "This is the Renaissance of the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin," said conference organizer Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."</p> <p itemprop="articleBody"> The conference is titled, "<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.</p> <p itemprop="articleBody"> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.</p> <p itemprop="articleBody"> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.</p> <p itemprop="articleBody"> "There are so many companies active in the region," said <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy Pacheco </span></span>, Dean of the School of Energy at <span class="xn-org">San Juan College</span>. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."</p> <p itemprop="articleBody"> Encana Oil & Gas (<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">USA</span></span></span>) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.</p> <p itemprop="articleBody"> "There's a great deal of interest from <a href="http://www.prnewswire.com/news-releases/oil-producers-to-share-four-corners-data-at-conference-185316562.html#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">investment groups</a>, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."</p> <p itemprop="articleBody"> Fine said industry representatives will present their results during the conference, which will be Monday and <span class="xn-chron">Tuesday, March 18</span> and 19, 2013, in <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span>.</p> <p itemprop="articleBody"> "This conference highlights the changes in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin – moving from natural gas production to oil," said Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">James Henderson </span></span>, <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span> Commissioner. "Additionally, The <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."</p> <p itemprop="articleBody"> Fine said, "This is a major change and promises to be a boom in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin since 2010. The combination of the two methods has opened up shale reservoirs from <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Pennsylvania</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">North Dakota</span></span></span> to <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Texas</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">New Mexico</span></span></span>."</p> <p itemprop="articleBody"> "The oil window in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin couldn't develop the shale economically."</p> <p itemprop="articleBody"> At the price of <span class="xn-money">$70</span> per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than <span class="xn-money">$400 billion</span>.</p> <p itemprop="articleBody"> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.</p> <p itemprop="articleBody"> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are <span class="xn-org">New Mexico Tech</span>, the School of Energy at <span class="xn-org">San Juan College</span>, the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span>.</p> <p itemprop="articleBody"> For more information or to register for the conference, visit <a href="http://www.sanjuanbasinenergy.org/" target="_blank">www.sanjuanbasinenergy.org</a>.</p> <p itemprop="articleBody"> Contact: <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Thomas Guengerich </span></span>, <span class="xn-org">New Mexico Tech</span> public information, 575-835-5617<br /> Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, Center for Energy Policy, 505-771-1865<br /> <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy A. Pacheco </span></span>, Dean, <span class="xn-org">San Juan College</span> School of Energy, 505-486-5306</p> <p> SOURCE <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce</p> <br /> <br /> RELATED LINKS<br /> <a href="http://www.sanjuanbasinenergy.org" target="_blank" title="Link to http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a><br /> <span id="curate-us-tag"><a href="http://s.tt/1xPf3"><img height="11" src="http://1.rp-api.com/3843852/via.png" style="padding-right:3px;border:none;vertical-align:-12%;" width="12" />PR Newswire</a> (<a href="http://s.tt/1xPf3">http://s.tt/1xPf3</a>)</span></div> Regulatory & Legal Financial Gas Energy Trading General Asset Management Sun, 27 Jan 2013 20:30:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/1/27/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference Oil Producers To Share Four Corners (Mancos Shale) Data At Conference http://www.energyblogs.com/NMCEP/index.cfm/2013/1/19/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference <p> FARMINGTON, N.M., Dec. 31, 2012 /PRNewswire/ -- An energy conference scheduled for March 18 and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of Northwest New Mexico. The conference will be held at <a href="http://www.naturalgasforums.com/index.php/topic,19100.0.html#" id="_GPLITA_1" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">San Juan College</a> in the Henderson Fine Arts Center.<br /> <br /> "This is the Renaissance of the San Juan Basin," said conference organizer Dr. Daniel Fine , senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."<br /> <br /> The conference is titled, "San Juan Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.<br /> <br /> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing ? or fracking ? to tap into previously locked-in unconventional shale gas and liquids, Fine said.<br /> <br /> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.<br /> <br /> "There are so many companies active in the region," said Randy Pacheco , Dean of the School of Energy at San Juan College. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."<br /> <br /> Encana Oil & Gas (USA) Inc., a Canadian company, has partnered with a local independent producer ? Dugan Production of Farmington ? to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.<br /> <br /> "There's a great deal of interest from <a href="http://www.naturalgasforums.com/index.php/topic,19100.0.html#" id="_GPLITA_0" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">investment groups</a>, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."<br /> <br /> Fine said industry representatives will present their results during the conference, which will be Monday and Tuesday, March 18 and 19, 2013, in Farmington.<br /> <br /> "This conference highlights the changes in the San Juan Basin ? moving from natural gas production to oil," said Dr. James Henderson , San Juan County Commissioner. "Additionally, The San Juan Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."<br /> <br /> Fine said, "This is a major change and promises to be a boom in the San Juan Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the San Juan Basin since 2010. The combination of the two methods has opened up shale reservoirs from Pennsylvania and North Dakota to Texas and New Mexico."<br /> <br /> "The oil window in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the San Juan Basin couldn't develop the shale economically."<br /> <br /> At the price of $70 per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than $400 billion.<br /> <br /> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education ? issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.<br /> <br /> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are New Mexico Tech, the School of Energy at San Juan College, the Farmington Chamber of Commerce and San Juan County.<br /> <br /> For more information or to <a href="http://www.naturalgasforums.com/index.php/topic,19100.0.html#" id="_GPLITA_2" style="text-decoration:underline" title="Click to Continue > by Coupon Companion">register</a> for the conference, visit <a class="bbc_link" href="http://www.sanjuanbasinenergy.org." target="_blank">www.sanjuanbasinenergy.org.</a><br /> <br /> Contact: Thomas Guengerich , New Mexico Tech public information, 575-835-5617<br /> Dr. Daniel Fine , Center for Energy Policy, 505-771-1865<br /> Randy A. Pacheco , Dean, San Juan College School of Energy, 505-486-5306<br /> <br /> SOURCE Farmington Chamber of Commerce<br /> <br /> <br /> RELATED LINKS<br /> <a class="bbc_link" href="http://www.sanjuanbasinenergy.org" target="_blank">http://www.sanjuanbasinenergy.org</a><br /> PR Newswire (<a class="bbc_link" href="http://s.tt/1xPf3" target="_blank">http://s.tt/1xPf3</a>)</p> Regulatory & Legal Financial Gas Emissions & Environmental General Energy Trading Sat, 19 Jan 2013 23:07:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/1/19/Oil-Producers-To-Share-Four-Corners-Mancos-Shale-Data-At-Conference Oil Producers To Share Four Corners Data At Conference (PRNEWSWIRE) http://www.energyblogs.com/NMCEP/index.cfm/2013/1/5/Oil-Producers-To-Share-Four-Corners-Data-At-Conference-PRNEWSWIRE <div id="rpuCopySelection" style="text-align: left; font-size: 12px; color: black;"> <p itemprop="articleBody"> <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">FARMINGTON, N.M.</span></span></span>, <span class="xn-chron">Dec. 31, 2012</span> /PRNewswire/ -- An energy conference scheduled for <span class="xn-chron">March 18</span> and 19, 2013, will feature a series of presentations about new drilling for shale oil in the Mancos Shale Formation of the Four Corners Region of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Northwest New Mexico</span></span></span>. The conference will be held at <span class="xn-org">San Juan College</span> in the Henderson Fine Arts Center.</p> <p itemprop="articleBody"> "This is the Renaissance of the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin," said conference organizer Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, senior energy analyst with the New Mexico Center for Energy Policy. "We are seeing a revolution on the part of American technology in natural gas and shale oil recovery in shale formations."</p> <p itemprop="articleBody"> The conference is titled, "<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin Energy Conference." The 2013 theme is "Recognition of the Mancos Shale as the next chapter in the American revolution of unconventional natural gas and oil technology leading to national energy independence in 2020." BP America, Chevron, Continental Resources, Encana, PNM and the U.S. Department of Energy are expected to make presentations at the conference.</p> <p itemprop="articleBody"> In the past five years, U.S. oil and gas developers have coupled the new technology of horizontal drilling with the age-old practice of hydraulic fracturing – or fracking – to tap into previously locked-in unconventional shale gas and liquids, Fine said.</p> <p itemprop="articleBody"> Drilling and exploration companies will present initial findings from recent activity in the Mancos Shale, which is estimated to contain 60 billion barrels of oil, with 6 billion barrels expected to be recovered, Fine said.</p> <p itemprop="articleBody"> "There are so many companies active in the region," said <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy Pacheco </span></span>, Dean of the School of Energy at <span class="xn-org">San Juan College</span>. "This conference is important for the Mancos Shale and U.S. development because we're bringing together many industry experts."</p> <p itemprop="articleBody"> Encana Oil & Gas (<span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">USA</span></span></span>) Inc., a Canadian company, has partnered with a local independent producer – Dugan Production of <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> – to drill several test wells into the Mancos Shale and continues to plan additional test wells. While Encana has taken the lead in initial exploration, other producers in the oil-and-gas industry have stakes in the region. Companies active in the region include ConocoPhillips, BP America, Williams and XTO.</p> <p itemprop="articleBody"> "There's a great deal of interest from investment groups, analysts and banks," Fine said. "They will queue up to get information. We know companies are drilling because they have to do permitting, but what they're finding and producing is a work in progress. This conference is their forum to provide initial data."</p> <p itemprop="articleBody"> Fine said industry representatives will present their results during the conference, which will be Monday and <span class="xn-chron">Tuesday, March 18</span> and 19, 2013, in <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span>.</p> <p itemprop="articleBody"> "This conference highlights the changes in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin – moving from natural gas production to oil," said Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">James Henderson </span></span>, <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span> Commissioner. "Additionally, The <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin has seen natural gas production for 90 years, and the region could see oil and gas production for another 50 years."</p> <p itemprop="articleBody"> Fine said, "This is a major change and promises to be a boom in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin and the surrounding economy. Fracturing or stimulation is a method of extracting oil and gas that has been used since the 1960s. Horizontal drilling has only been deployed in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin since 2010. The combination of the two methods has opened up shale reservoirs from <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Pennsylvania</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">North Dakota</span></span></span> to <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Texas</span></span></span> and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">New Mexico</span></span></span>."</p> <p itemprop="articleBody"> "The oil window in the Mancos Shale has been unrecoverable until now because it's a shale formation and it's tight," Fine said. "Vertical wells in the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan</span></span></span> Basin couldn't develop the shale economically."</p> <p itemprop="articleBody"> At the price of <span class="xn-money">$70</span> per barrel (which is lower than the current price), Fine said the Mancos Shale oil reserve would be valued at more than <span class="xn-money">$400 billion</span>.</p> <p itemprop="articleBody"> Additional presentations and panel topics include: The development of U.S. shale oil and gas; the potential for natural gas as an additional fuel source for electricity generation; technology and education – issues facing technical training for shale development and production; and geology research and findings about the Mancos Shale. Finally, the regulation panel and presentation will include discussion about shale gas exploration.</p> <p itemprop="articleBody"> Panel experts will include representatives of the companies mentioned above, plus the New Mexico Bureau of Geology, the Research Partnership to Secure Energy for America, American Counties for Energy Independence and the U.S. Department of Energy. The main sponsors of the conference are <span class="xn-org">New Mexico Tech</span>, the School of Energy at <span class="xn-org">San Juan College</span>, the <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce and <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">San Juan County</span></span></span>.</p> <p itemprop="articleBody"> For more information or to register for the conference, visit <a href="http://www.sanjuanbasinenergy.org/" target="_blank">www.sanjuanbasinenergy.org</a><a href="http://www.sanjuanbasinenergy.org. ">. </a></p> <p itemprop="articleBody"> Contact: <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Thomas Guengerich </span></span>, <span class="xn-org">New Mexico Tech</span> public information, 575-835-5617<br /> Dr. <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Daniel Fine </span></span>, Center for Energy Policy, 505-771-1865<br /> <span class="xn-person" itemscope="" itemtype="http://schema.org/Person"> <span itemprop="name">Randy A. Pacheco </span></span>, Dean, <span class="xn-org">San Juan College</span> School of Energy, 505-486-5306</p> <p> SOURCE <span class="xn-location" itemprop="contentLocation" itemscope="" itemtype="http://schema.org/Place"><span itemprop="geo" itemscope="" itemtype="http://schema.org/address"><span itemprop="addressLocality">Farmington</span></span></span> Chamber of Commerce</p> <br /> <br /> RELATED LINKS<br /> <a href="http://www.sanjuanbasinenergy.org" target="_blank" title="Link to http://www.sanjuanbasinenergy.org">http://www.sanjuanbasinenergy.org</a><br /> <span id="curate-us-tag"><a href="http://s.tt/1xPf3"><img height="11" src="http://1.rp-api.com/3843852/via.png" style="padding-right:3px;border:none;vertical-align:-12%;" width="12" />PR Newswire</a> (<a href="http://s.tt/1xPf3">http://s.tt/1xPf3</a>)</span></div> Regulatory & Legal Financial Gas Energy Trading General Risk Management Sat, 05 Jan 2013 09:52:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2013/1/5/Oil-Producers-To-Share-Four-Corners-Data-At-Conference-PRNEWSWIRE See energy expert Dr. Daniel Fine on "Shale Gas Wars: From Pennsylvania to NC" (video) http://www.energyblogs.com/NMCEP/index.cfm/2012/12/15/See-energy-expert-Dr-Daniel-Fine-on-Shale-Gas-Wars-From-Pennsylvania-to-NC-video <p> <span class="truncated_text"><span class="truncated_long">n this video and podcast, renowned Energy expert Dr. Daniel Fine speaks on the geopolitics of shale Gas, the 2012 elections, and Hydraulic fracturing. In doing so, Dr. Fine successfully takes on the opposition to energy independence for the United States...Dr. Daniel I. Fine works with the New Mexico Center for Energy Policy. He is a longtime research associate at the Mining and Minerals Resources Institute, MIT. Fine is also a policy adviser on non conventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defense, and has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. Fine has testified on strategic natural resources before the U.S. Senate committees on Foreign Affairs and Energy and Natural Resources. In this speech, he discusses "Shale Gas Wars: From Pennsylvania to North Carolina." clink on the link below to see video---> <a href="http:// http://www.podcast.tv/video-episodes/daniel-fine-john-locke-foundation-shaftesbury-society-luncheon-17377922.html?goback=.gmp_122535.gde_122535_member_140807855"> http://www.podcast.tv/video-episodes/daniel-fine-john-locke-foundation-shaftesbury-society-luncheon-17377922.html?goback=.gmp_122535.gde_122535_member_140807855</a></span></span></p> Regulatory & Legal Financial Gas Emissions & Environmental General Industry Structure Sat, 15 Dec 2012 08:06:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2012/12/15/See-energy-expert-Dr-Daniel-Fine-on-Shale-Gas-Wars-From-Pennsylvania-to-NC-video See energy expert Dr. Daniel Fine M.I.T. on "Shale Gas Wars: From Pennsylvania to NC" (video) http://www.energyblogs.com/NMCEP/index.cfm/2012/12/4/See-energy-expert-Dr-Daniel-Fine-MIT-on-Shale-Gas-Wars-From-Pennsylvania-to-NC-video <h1 class="doc_title"> See energy expert Dr. Daniel Fine on "Shale Gas Wars: From Pennsylvania to NC" (video)</h1> <p> <span class="truncated_text"><span class="truncated_long">In this video and podcast, renowned Energy expert Dr. Daniel Fine speaks on the geopolitics of shale Gas, the 2012 elections, and Hydraulic fracturing. In doing so, Dr. Fine successfully takes on the opposition to energy independence for the United States...Dr. Daniel I. Fine works with the New Mexico Center for Energy Policy. He is a longtime research associate at the Mining and Minerals Resources Institute, MIT. Fine is also a policy adviser on non conventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defense, and has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. Fine has testified on strategic natural resources before the U.S. Senate committees on Foreign Affairs and Energy and Natural Resources. In this speech, he discusses "Shale Gas Wars: From Pennsylvania to North Carolina." clink on the link below to see video---> <a href="http:// http://www.podcast.tv/video-episodes/daniel-fine-john-locke-foundation-shaftesbury-society-luncheon-17377922.html?goback=.gmp_122535.gde_122535_member_140807855"> http://www.podcast.tv/video-episodes/daniel-fine-john-locke-foundation-shaftesbury-society-luncheon-17377922.html?goback=.gmp_122535.gde_122535_member_140807855</a></span></span></p> Regulatory & Legal Financial Gas Energy Trading General Asset Management Tue, 04 Dec 2012 14:23:00 -0600 http://www.energyblogs.com/NMCEP/index.cfm/2012/12/4/See-energy-expert-Dr-Daniel-Fine-MIT-on-Shale-Gas-Wars-From-Pennsylvania-to-NC-video