The Bureau of Economic Geology (BEG) at the University of Texas at Austin has conducted a comprehensive study of the reserve and production potential of the Barnett shale. It integrates engineering, geology, and economics into a numerical model that allows for scenario testing based on several technical and economic parameters. The study assesses natural gas and liquid production potential in 10 productivity tiers and uses them to forecast future production. Development economics vary widely across the basin as a function of production quality and liquids content. The study's model accounts for this granularity, allowing for variations in natural gas price, drilling cost, gas plant processing economics, recovery factors (RF) for each well, economic limit of each well, advances in technology, and many other geologic, engineering, and economic parameters to determine how much natural gas operators in the field will be able to extract economically from future wells.
|Original language||English (US)|
|Number of pages||12|
|Journal||Oil and Gas Journal|
|State||Published - Aug 5 2013|
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Fuel Technology