new albany shale, page-2

Here's the latest from Mr Google

From Oil-Gas-News.com:

Here are some extracts from the article which have the best potential for facilitating a ramping of the current share price. :)

"New Albany Shale Gas Play, Illinois Basin
The New Albany Shale has great potential for natural gas reserves. Gas-in-place (GIP) measures from 8 bcfg/square mile to 20 or more bcfg/square mile, depending on locations and depths.

Unlike many other shale plays, the New Albany Shale in the Illinois Basin has a continuous 100 foot thick pay zone of shale, capped by a very thick, dense, gray-green shale (Borden Shale).

It was learned in the early 1900's that a simple open-hole completion in the very top of the shale, would yield commercial gas wells that would last for many years, in spite of producing some water with the gas. Vertical fractures in the shale fed the gas flow at the top of the shale. The potential of these wells was seldom realized, as the production systems for handling the water were limited. Today, we have the ability to deal with the water cost effectively and as a result can keep the water produced off of the shale allowing better rates of gas production. Utilizing the success of horizontal drilling, modern water production systems, and low pressure gas gathering systems, long-term production of natural gas can be achieved.

The opportunity to exploit these shale gas reserves is big.

Simple, low-cost vertical wells are delivering good returns on investment to several operators in the play. Horizontal drilling with only 1,000 feet of lateral wellbore, has demonstrated from a producing horizontal well (Mueller Well) in the Corydon Gas Field, to produce long-term, stable gas flow.

Other horizontal test wells drilled recently under joint ventures have also confirmed the excellent production potential of the shale.

Commercial production from wells is projected for 40 years or more. "

For the full article go to
http://www.oil-gas-news.com/index.php?module=article&view=14&33f64fc6c7bbe85bace445f0fe7bc649=131593413bf86c5dd52f431c4da62210