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Industry evolution : applications to the U.S. shale gas industryGrote, Carl August 16 September 2014 (has links)
The present study applies evolutionary and resource-based firm theories to three of the most prominent U.S. shale gas basins – the Barnett, Fayetteville, and Haynesville plays. Rather than broadly considering a host of factors that enabled what has often been labelled a shale gas revolution, an evolutionary approach recognizes the internal agents that have long been in place, but were triggered by technical and economic developments. As geologic understanding, along with innovation and competitive environments, evolves in each play so too does the entire shale gas industry. Building upon the Bureau of Economic Geology shale gas study funded by the Sloan Foundation, this study offers data-driven analyses to test theories of industrial evolution as applied to shale gas plays. Each of the three focus plays has undergone introductory and growth phases as well as a maturation phase in which there is an evident shakeout of operators. Industries are theorized to enter decline phases, yet none of the plays here have definitively declined. Certain economic signals, however, indicate that a decline is imminent, albeit variable in timing and pace. Conceptualizing the entire shale gas industry as an amalgamation of individual and evolving plays correctly describes how the industry is able to rejuvenate its growth trajectory through investment in emerging plays. Although heterogeneous geology, engineering capabilities, and economic environment, particularly natural gas prices, complicate the economics of shale gas extraction, an evolutionary approach proves to be a useful tool in describing the historical development of individual plays as well as the entire shale industry. Importantly, this application sheds light on the future development of valuable shale resources. / text
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Identifying and mapping clay-rich intervals in the Fayetteville Shale : influence of clay on natural gas production intervalsRoberts, Forrest Daniel 18 February 2014 (has links)
The Fayetteville Shale is composed dominantly of clay, carbonate, and siliciclastic minerals. A variety of facies have been described by other workers and in this study, defined by mineral content, biota, fabric, and texture. Because the Fayetteville Shale is one of the top shale-gas producing plays in the U.S., an inquiry into key drivers of good-quality production is worthwhile. In particular, a hypothesis that intervals of high clay content should be avoided as production targets is investigated in this study. A high level of separation between wire-line log neutron porosity (NPHI) and density porosity (DPHI) in the Fayetteville Shale is observed in contrast to the wire-line log responses from the Barnett and Haynesville Shales. Clay minerals have a significant effect on NPHI, which in turn affects separation between NPHI and DPHI (PHISEP). X-Ray Diffraction (XRD) clay data was available for three wells, and efforts to correlate XRD results to PHISEP led to establishing NPHI as a reasonable proxy for clay. Using NPHI as a proxy it was possible to pick clay-rich intervals, map them across the study area, and to determine net clay in the Fayetteville Shale. Maps of net clay-rich intervals were compared to a map of production, but revealed no obvious correlation. Stratigraphic cross-sections showing the clay-rich intervals revealed a clay-poor interval in the upper part of the lower Fayetteville. This interval is the primary target for horizontal well completion. It is bounded above and below by more clay-rich intervals. Establishing the clay-rich intervals via porosity log separation (PHISEP) is one tool to help determine possible stratigraphic zones of gas production and can lead to a better understanding of intervals in which to expect production. / text
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