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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.

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.

“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.

Other presenters were more direct.

“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.”

With natural-gas prices hanging around $4 per thousand cubic feet, many conference speakers focused on the oil-producing window of the shale play located in the southern San Juan Basin.

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.

The possibility of a resurgence had some speakers proclaiming the beginning of a new era of economic prosperity for northwest New Mexico.

“These are happy times again,” former U.S. Senator Pete Domenici said.

1 posted on 03/21/2013 9:53:53 PM PDT by pinkwill
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To: pinkwill

img src= tag.http://images2.fanpop.com/image/photos/9400000/Young-George-Bailey-its-a-wonderful-life-9486161-1600-1200.jpg

this is a test.


2 posted on 03/21/2013 10:10:07 PM PDT by notted
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To: pinkwill

this is good news. the cline shale formation in west texas will probably make more news in the next year. all the early test wells there have been successful and prolific. devon energy is expected to make a big announcement here in the next month concerning that field.


4 posted on 03/21/2013 10:15:57 PM PDT by ckilmer
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To: pinkwill

The EPA, DER, DEP, DNR, ACoE, Dept Int will all find a way to kill these projects. Count on it. Same with KXL, except that Buffett Table’s trains will be allowed to move the oil. But no pipelines. The White Hut/Crib isn’t going to allow it to happen. We must stay dependent on the murderous Troglodyte muzzies in the ME.


5 posted on 03/21/2013 10:29:08 PM PDT by carriage_hill (The Most Insidious Power The Corrupt, Criminal Media Has, Is The Power To Ignore The Truth.)
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To: pinkwill

6B = USA annual crude consumption.


8 posted on 03/22/2013 4:51:17 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: pinkwill

Who owns the leases?


9 posted on 03/22/2013 4:54:09 AM PDT by STJPII
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