--> Evaluation of US Shale Oil Productivity Based on Geological and Economic Perspectives
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2018 AAPG International Conference and Exhibition

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Evaluation of US Previous HitShaleNext Hit Previous HitOilNext Hit Productivity Based on Geological and Economic Perspectives

Diqiu Zhang3, Hao Su1, 2, 3, Jiaquan Dai3, Chunyan He3, Rui Chen3


1college of energy resources, China University of Geosciences, Beijing, China.
2PetroChina Research Institute of Petroleum Exploration & Development, Beijing 100083, China;, Beijing, China.
3PetroChina Research Institute of Economics & Technology, Beijing, China.


November 4-11, 2018 – 2018 AAPG International Conference and Exhibition, Cape Town, South Africa

Posted: March 26, 2019

Abstract

As an important unconventional energy, Previous HitshaleNext Hit Previous HitoilNext Hit has become new hot spots of unconventional Previous HitoilNext Hit and gas exploration in the world. It is of vital importance to study the production capacity of Previous HitshaleNext Hit Previous HitoilNext Hit in the United States. This paper analyzes the influence from the macroscopic and microscopic Previous HitshaleNext Hit Previous HitoilNext Hit single well production capacity of main controlling factors in the Permian basin, barnett and eagle ford oilfield, based on the geologic and economic factors. The study found that Previous HitshaleNext Hit Previous HitoilNext Hit well productivity is determined by reservoir porosity, permeability and effective thickness as well as human factors such as fracturing control, also influenced by international Previous HitoilNext Hit prices, investment strength, energy policy changes, the oilfield life cycle and other economic factors. The increasing international Previous HitoilNext Hit price, better investment strength and favorable energy policy can increase Previous HitoilNext Hit production, and the short life cycle characteristics of Previous HitshaleNext Hit Previous HitoilNext Hit projects can lead to rapid adjustment of production when International Previous HitoilTop price fluctuation.

AAPG Datapages/Search and Discovery Article #90332 © 2018 AAPG International Conference and Exhibition, Cape Town, South Africa, November 4-11, 2018