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Woodford Shale in the US, 2012 - Oil and Gas Shale Market Analysis and Forecasts to 2020

Published By :

GlobalData

Published Date : Dec 2012

Category :

Power

No. of Pages : 37 Pages


GlobalData's new report "Woodford Shale in the US, 2012 Oil and Gas Shale Market Analysis and Forecasts to 2020" provides insight into oil and gas exploration and development potential in the Woodford shale. It also provides details of the key exploration areas and major companies in the Woodford shale. The report highlights the parameters for exploration and production, discusses the major drilling activities of the major companies in the Woodford shale, and details the gross production of the major companies involved in the Woodford play. It also provides a production forecast of the Woodford shale until 2020. The Woodford shale is a source rock formation in Oklahoma in the US. The Devionian shale spreads across 11,000 square miles in central and southern Oklahoma and has an average thickness in the range of 75380 feet. The shale is located between the Hunton group and the Mississippian Sycamore shales and is found at a depth of 6,000 feet and 14,000 feet.

Scope

The report analyzes the oil and gas exploration and production activities in the Woodford shale. The scope of the report includes 

  • An overview of the oil and gas drilling and exploration activities in the Woodford shale
  • Provides details of the major companies by gross production in the Woodford shale
  • Current exploration and production statistics for the Oklahoma region of the Woodford shale
  • Forecasts for the Woodford shale production for the 20122020 period 
  • Coverage and an overview of operations in the Woodford shale
  • Information on the major mergers and acquisitions in the Woodford shale 
  • Details of the major infrastructure developments in the Woodford shale

Reasons to buy

The report will enhance your decision-making capability. It will allow you to 

  • Develop business strategies with the help of specific insights in the Woodford shale oil and gas market, primarily in the state of Oklahoma 
  • Identify opportunities and challenges in the Woodford shale in the US
  • Plan your strategies based on expected developments of the Woodford shalein the US
  • Keep yourself informed of the key developments in this potentially game-changing market

1 Table of Contents 3
1.1 List of Tables 4
1.2 List of Figures 4

2 Introduction 5
2.1 Overview 5
2.2 GlobalData Report Guidance 6

3 Woodford Shale, Introduction 7
3.1 Overview 7

4 Woodford Shale, Operational Overview 9
4.1 Woodford Shale, Well Profile 9
4.2 Woodford Shale, Initial Production Rates 10
4.3 Woodford Shale, Major Companies by Production 11
4.3.1 Woodford Shale, Major Companies by Gross Production, 2006-2011 11
4.4 Woodford Shale, Historic and Forecast Production 2006-2020 15
4.5 Woodford Shale, Cost Trends, 2012 17
4.5.1 Well Costs 17
4.5.2 Finding and Development Cost 17
4.6 Woodford Shale, Drilling Activity, 2010-2011 18
4.6.1 Woodford Shale, Wells Drilled and Completed, 2011 18

5 Woodford Shale, Competitive Landscape 20
5.1 Woodford Shale, Companies by Acreage, 2012 20
5.2 Woodford Shale, Future Plans by Major Companies, 2012 22
5.2.1 Woodford Shale, Planned Investments, 2012 22
5.2.2 Woodford Shale, Planned Rigs, 2012 22
5.2.3 Woodford Shale, Planned Wells, 2012 23

6 Woodford Shale, Analysis of Top Five Companies 24
6.1 Continental Resources Inc 24
6.2 Newfield Exploration Company 26
6.3 ExxonMobil Corporation 27
6.4 Devon Energy Corporation 28
6.5 BP Plc 30

7 Woodford Shale, Infrastructure, 2011-2012 31

8 Woodford Shale, Mergers and Acquisition Activity in the Play, 2006-2012 32

9 Appendix 34
9.1 Market Definitions 34
9.2 Abbreviations 34
9.3 Sources 35
9.4 Methodology 36
9.4.1 Coverage 36
9.4.2 Secondary Research 36
9.4.3 Primary Research 36
9.4.4 Expert Panel Validation 37
9.5 Contact Us 37
9.6 Disclaimer 37

List of Table


Table 1: Woodford Shale, Key Characteristics, the US, 2012* 8
Table 2: Woodford Shale, Average Decline Rates Per Well, 2012* 9
Table 3: Eagle Rock Operating Company LLC, Initial Production Rates in Cana Woodford Shale, May 2012 10
Table 4: Woodford Shale, Major Companies by Total Gross Production, Oklahoma (bcfe), 2006-2011 13
Table 5: Woodford Shale, Historic and Forecast Production, (bcfe), 2006-2020 16
Table 6: Woodford Shale, Cost Per Well for Major Companies ($m/well), Latest Reported 17
Table 7: Woodford Shale, Finding and Development Cost, Latest Reported 17
Table 8: Woodford Shale, Number of Well Completions, 2004-2011 19
Table 9: Woodford Shale, Major Companies by Acreage, Net Acres, 2012* 21
Table 10: Woodford Shale, Planned Capital Expenditure by Major Companies, ($m), 2012 22
Table 11: Woodford Shale, Number of Planned Rigs by Major Companies, 2012 22
Table 12: Woodford Shale, Number of Planned Wells by Major Companies, 2012 23
Table 13: Continental Resources, Woodford Shale, Key Operational Parameters, 2012 25
Table 14: Newfield Exploration, Woodford Shale, Key Operational Parameters, 2012 26
Table 15: ExxonMobil Corporation, Woodford Shale, Key Operational Parameters, 2012* 27
Table 16: ExxonMobil Corporation, Ardmore Woodford Shale, Key Operational Parameters, 2012* 27
Table 17: Devon Energy Corporation, Woodford Shale, Key Operational Parameters, 2012* 29
Table 18: BP Plc, Woodford Shale, Key Operational Parameters, 2012 30
Table 19: Woodford Shale, Major Deals by Oil and Gas Companies, 2006-2012 32

List of Chart


Figure 1: Woodford Shale Location, The US, 2012 7
Figure 2: Woodford Shale, Top 30 Companies by Gross Production, Oklahoma (bcfe), 2011 11
Figure 3: Woodford Shale, Top 10 Companies by Gross Production, Oklahoma (bcfe), 2006-2011 12
Figure 4: Woodford Shale, Historic and Forecast Production (bcfe), 2006-2020 15
Figure 5: Woodford Shale, Number of Horizontal and Vertical Wells Drilled and Completed, 2004-2011 18
Figure 6: Woodford Shale, Number of Well Completions, 2004-2011 19
Figure 7: Woodford Shale, Major Companies by Acreage, Net Acres, 2012* 20

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