Re: NR-Questerre Acquires Horn River Shale Acreage
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Jun 10, 2009 11:36AM
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The Horn River Muskwa shale resembles the North Texas Barnett Shale, according to Levson.
“It’s similar to the Barnett in many ways,” he said. “If you look at the thickness, quartz content, permeability and organic content, it’s pretty similar in those parameters.”
Gas content substantially favors the Muskwa, although it’s too early in the play to predict likely recovery percentages.
“In comparison between the Muskwa and Barnett, the gas content at the end of the day is higher in the Muskwa,” Levson said. “But recoverability is still up in the air.”
Companies working the area include Apache, Devon, EnCana, EOG Resources, Nexen and others.
In December an EOG executive said prospects in the Horn River Basin shales look “better than the Barnett” based on early drilling results.
The company has estimated its own recoverable gas resource in the play at six trillion cubic feet, and Devon Energy said it could have 5-8 Tcf.
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