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AAPG Bulletin

Abstract

DOI: 10.1306/09182017314

Super Previous HitbasinsNext Hit—New paradigm for oil and gas supply

Bob Fryklund,1 and Philip (Pete) Stark2

1IHS Markit, Houston, Texas; [email protected]
2Independent Geologist, Denver, Colorado; [email protected]

ABSTRACT

Super Previous HitbasinsNext Hit are sedimentary Previous HitbasinsNext Hit with more than 5 billion BOE cumulative production and at least 5 billion BOE remaining recoverable resources. Super Previous HitbasinsNext Hit are characterized by two or more Previous HitsourceNext Hit Previous HitrocksNext Hit, stacked Previous HitreservoirsNext Hit, mature infrastructure, established service sectors, large amounts of data, and access to markets. Super Previous HitbasinsNext Hit commonly have multiple operators that form a community whose competitive atmosphere helps drive efficiency and performance. In an effort to identify sources for future oil and gas supplies, studies of the geology, hydrocarbon richness, and above-ground factors for 400 global Previous HitbasinsNext Hit led to the super basin concept. Super Previous HitbasinsNext Hit have continuous organic-rich mud Previous HitrocksNext Hit and other tight Previous HitreservoirsNext Hit that heretofore were not considered commercial targets. Based on analogy with proven resource plays in North American super Previous HitbasinsNext Hit, it is now possible to unlock substantial hydrocarbon potential in these tight Previous HitrocksNext Hit by employing horizontal drilling and multistage fracturing technologies.

Super Previous HitbasinsNext Hit exist both onshore and offshore. The largest super Previous HitbasinsNext Hit are onshore, dominantly in forelands and passive margins, and have both Previous HitconventionalNext Hit and tight rock potential. This paper focuses on the top 25 onshore super Previous HitbasinsNext Hit that are estimated to have 859 billion BOE of incremental technically recoverable resources. Offshore Previous HitbasinsNext Hit do not have the massive tight rock potential as onshore Previous HitbasinsNext Hit because of higher infrastructure costs. The archetype for the onshore super basin is the Permian Basin (west Texas) with 37 billion BOE produced and 60 billion bbl of oil and 300 TCF gas remaining.

With huge resources, super Previous HitbasinsNext Hit can serve as supply disrupters and act as a regulator for the global price of crude oil and natural gas. Super basin concepts have caused geoscientists to think differently about petroleum Previous HitbasinsNext Hit. Super Previous HitbasinsNext Hit should be viewed as ecosystems that have below- and above-ground questions and technology and market considerations that must be resolved to assure commercial success.

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