{"id":40600,"date":"2018-11-16T16:26:00","date_gmt":"2018-11-16T21:26:00","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40600"},"modified":"2018-11-16T16:26:00","modified_gmt":"2018-11-16T21:26:00","slug":"will-the-next-permian-ever-be-developed","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40600","title":{"rendered":"Will The \u2018Next Permian\u2019 Ever Be Developed?"},"content":{"rendered":"

Will The \u2018Next Permian\u2019 Ever Be Developed?<\/a><\/h3>\n
\"Vaca<\/picture><\/div>\n
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The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential prize is huge \u2013 geographically, the Vaca Muerta Shale is three times the size of the highly prolific Permian Basin in the US, and it could turn out to be the \u201cnext Permian\u201d if the right conditions are established. But much remains to be done before that happens.<\/p>\n

Rystad Energy\u2019s Shale Intel group, in collaboration with Luxmath Consulting, has released a comprehensive new report covering all aspects of the Vaca Muerta Shale \u2013 including development status, production forecasts, drilling and completion projections, and the outlook for the various service segments in the industry. The report integrates Rystad Energy\u2019s well-level research for Argentina, public disclosures from oil & gas companies and service contractors active in the region, and our conversations with on-the-ground field experts.<\/p>\n

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(Click to enlarge)<\/p>\n

\u201cThere are several major bottlenecks that are currently affecting Vaca Muerta \u2013 proppant, infrastructure, labor, pressure pumping and the macro economic situation in Argentina. In addition, investments need to be made in water transportation infrastructure as drilling and completions increase within the region,\u201d says Ryan Carbrey, Senior Vice President of Shale Research at Rystad Energy.<\/p>\n

Vaca Muerta should see the tally of fracked wells reach between 140 and 150 this year. Only three of those wells are vertical, while all other wells are high-density horizontal completions. It is expected that fracking activity will grow at a rate of 20% per year from 2019 through 2021, reaching about 250 wells in 2021. According to Rystad Energy research, this heightened activity will generate a significant boost in Vaca Muerta oil production \u2013 from about 60,000 bpd in the third quarter of 2018 to between 160,000 and 200,000 bpd in the fourth quarter of 2021. Most of this growth will come from the liquids-rich Loma Campana portion of the play, operated by YPF.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Will The \u2018Next Permian\u2019 Ever Be Developed? The Vaca Muerta Shale Basin in Argentina is the only unconventional play outside of North America where activity has already made the transition from exploration to full-scale development. The potential prize is huge \u2013 geographically, the Vaca Muerta Shale is three times the size of the highly prolific […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[2251,5332,3640,23020,723,23021],"class_list":["post-40600","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-argentina","tag-oilprice-com","tag-permian-basin","tag-rested-energy","tag-shale-oil","tag-vaca-muerta-shale-basin"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40600"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40600\/revisions"}],"predecessor-version":[{"id":40601,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40600\/revisions\/40601"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}