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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 23, 2013 at 14:51

IMO good conventional prospects are getting harder to find.  Not to mention the difficulty to acquire development rights at reasonable lease terms.  Or get a farm out from a larger company with a lot of dirt tied up.  Keith, I think your question needs some refining.  For example hardly a week goes by that there are not one or more conventional wells permitted in N Caddo especially the Caddo Pine Island Field.  Those shallow, conventional wells are replacement wellbores for stripper operators.  They make less than a barrel per day.

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Oil & Gas ProPermalink Reply by Two Dogs, Pirate on October 23, 2013 at 15:31

As I said when I first logged onto GHS, that the shale plays would kill the shallow drilling or the formations above the shale/conventional plays. The Shale players are now in control of the shallow rights and the small mom and pops are $hit out of luck.

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landownerPermalink Reply by Keith Mauck (Site Publisher) on October 24, 2013 at 3:15

Perhaps a better way of asking would be what percentage of hydrocarbons is coming from unconventionals.

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Oil & Gas ProPermalink Reply by Skip Peel - Mineral Consultant on October 24, 2013 at 13:35

Depends on the type of hydrocarbons in question.  I think domestic gas from unconventional is now at or above 30% of total production.  I have no idea on crude but the percentage of condensate/NGLs is probably trending quickly to unconventional.

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Permalink Reply by tony allen on October 25, 2013 at 8:08

According to the USA Today it is 39% unconventional.

http://www.usatoday.com/story/news/nation/2013/10/23/fracking-shale...

 

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