From the BPT news but great for Beach aims to start Queensland shale gas production by 2015
By: Esmarie Swanepoel
12th April 2011
Updated 2 hours 10 minutes agoTEXT SIZE PERTH (miningweekly.com) − Oil and gas explorer Beach Energy on Tuesday said that it was aiming for commercial shale gas production from its Cooper Basin project, in Queensland, by 2015.
Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (Appea) conference, MD Reg Nelson said that the Cooper Basin production timeline was dependent on the outcomes from the pilot well, and the cost structure.
He said that Beach was spending around A$22-million on its two-well shale gas exploration programme, which is a precursor to the pilot well project.
While the initial drilling programme was aimed at establishing a gas in place measurement, the Nappamerri Trough is expected to host a potential gas in place of around 200-trillion cubic feet.
The product from the Cooper Basin shale gas project would most likely be used for both domestic market demand, as well as being sold into the liquefied natural gas market, Nelson said.
He added that while the initial capital costs for shale gas developments were higher than those required for coal seam gas developments, the Cooper Basin shale gas would have a lower operating costs.
He noted that the shale gas project also had a potential mine life of decades, as opposed to the few years that coal seam gas projects were usually subject to.
http://www.miningweekly.com/article/beach-aims-to-start-queensland-shale-gas-production-by-2015-2011-04-12
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Energy & resources all the way
Oil & Gas: ADE, BOW, BPT, EXE, LNG, MEL, OIP
Rare Earths: ALK, ARU, QUR
Iron Ore: AON, CUL, DMA, FRS, MMX, RHI, SHD
Gold: MML, RMS, SXG
Base Metals: HNR, VRX
Coal: COK, WEC
Beach aims to start Queensland shale gas production by 2015
By: Esmarie Swanepoel
12th April 2011
Updated 2 hours 10 minutes agoTEXT SIZE PERTH (miningweekly.com) − Oil and gas explorer Beach Energy on Tuesday said that it was aiming for commercial shale gas production from its Cooper Basin project, in Queensland, by 2015.
Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (Appea) conference, MD Reg Nelson said that the Cooper Basin production timeline was dependent on the outcomes from the pilot well, and the cost structure.
He said that Beach was spending around A$22-million on its two-well shale gas exploration programme, which is a precursor to the pilot well project.
While the initial drilling programme was aimed at establishing a gas in place measurement, the Nappamerri Trough is expected to host a potential gas in place of around 200-trillion cubic feet.
The product from the Cooper Basin shale gas project would most likely be used for both domestic market demand, as well as being sold into the liquefied natural gas market, Nelson said.
He added that while the initial capital costs for shale gas developments were higher than those required for coal seam gas developments, the Cooper Basin shale gas would have a lower operating costs.
He noted that the shale gas project also had a potential mine life of decades, as opposed to the few years that coal seam gas projects were usually subject to.
http://www.miningweekly.com/article/beach-aims-to-start-queensland-shale-gas-production-by-2015-2011-04-12
--------------------------------------------------------------------------------
Energy & resources all the way
Oil & Gas: ADE, BOW, BPT, EXE, LNG, MEL, OIP
Rare Earths: ALK, ARU, QUR
Iron Ore: AON, CUL, DMA, FRS, MMX, RHI, SHD
Gold: MML, RMS, SXG
Base Metals: HNR, VRX
Coal: COK, WEC
Beach aims to start Queensland shale gas production by 2015
By: Esmarie Swanepoel
12th April 2011
Updated 2 hours 10 minutes agoTEXT SIZE PERTH (miningweekly.com) − Oil and gas explorer Beach Energy on Tuesday said that it was aiming for commercial shale gas production from its Cooper Basin project, in Queensland, by 2015.
Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (Appea) conference, MD Reg Nelson said that the Cooper Basin production timeline was dependent on the outcomes from the pilot well, and the cost structure.
He said that Beach was spending around A$22-million on its two-well shale gas exploration programme, which is a precursor to the pilot well project.
While the initial drilling programme was aimed at establishing a gas in place measurement, the Nappamerri Trough is expected to host a potential gas in place of around 200-trillion cubic feet.
The product from the Cooper Basin shale gas project would most likely be used for both domestic market demand, as well as being sold into the liquefied natural gas market, Nelson said.
He added that while the initial capital costs for shale gas developments were higher than those required for coal seam gas developments, the Cooper Basin shale gas would have a lower operating costs.
He noted that the shale gas project also had a potential mine life of decades, as opposed to the few years that coal seam gas projects were usually subject to.
http://www.miningweekly.com/article/beach-aims-to-start-queensland-shale-gas-production-by-2015-2011-04-12
--------------------------------------------------------------------------------
Energy & resources all the way
Oil & Gas: ADE, BOW, BPT, EXE, LNG, MEL, OIP
Rare Earths: ALK, ARU, QUR
Iron Ore: AON, CUL, DMA, FRS, MMX, RHI, SHD
Gold: MML, RMS, SXG
Base Metals: HNR, VRX
Coal: COK, WEC
Beach aims to start Queensland shale gas production by 2015
By: Esmarie Swanepoel
12th April 2011
Updated 2 hours 10 minutes agoTEXT SIZE PERTH (miningweekly.com) − Oil and gas explorer Beach Energy on Tuesday said that it was aiming for commercial shale gas production from its Cooper Basin project, in Queensland, by 2015.
Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (Appea) conference, MD Reg Nelson said that the Cooper Basin production timeline was dependent on the outcomes from the pilot well, and the cost structure.
He said that Beach was spending around A$22-million on its two-well shale gas exploration programme, which is a precursor to the pilot well project.
While the initial drilling programme was aimed at establishing a gas in place measurement, the Nappamerri Trough is expected to host a potential gas in place of around 200-trillion cubic feet.
The product from the Cooper Basin shale gas project would most likely be used for both domestic market demand, as well as being sold into the liquefied natural gas market, Nelson said.
He added that while the initial capital costs for shale gas developments were higher than those required for coal seam gas developments, the Cooper Basin shale gas would have a lower operating costs.
He noted that the shale gas project also had a potential mine life of decades, as opposed to the few years that coal seam gas projects were usually subject to.
http://www.miningweekly.com/article/beach-aims-to-start-queensland-shale-gas-production-by-2015-2011-04-12
--------------------------------------------------------------------------------
Energy & resources all the way
Oil & Gas: ADE, BOW, BPT, EXE, LNG, MEL, OIP
Rare Earths: ALK, ARU, QUR
Iron Ore: AON, CUL, DMA, FRS, MMX, RHI, SHD
Gold: MML, RMS, SXG
Base Metals: HNR, VRX
Coal: COK, WEC
shale gas
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