The East Shale Basin is HOT! More than half of the June 21st Alberta land sale bonus was paid for East Shale Basin acreage. Recent drilling activity, improving results and skyrocketing land prices of up to $5,000/ha are focussing attention on this emerging light oil play. With a number of important land sales and disposition packages on the near horizon, parties interested in evaluating these opportunities need to get up the learning curve fast. Canadian Discovery has leveraged its extensive knowledge and expertise on the Duvernay to provide ready-to-use insights on the East Shale Basin play.
Recent analyst reports are pointing to IP30 rates of 300+ boepd and EURs exceeding 300 mboe (90% oil) for a US$45 WTI break even cost. As the shales are thinner, thermally less mature and have higher carbonate content, the East Shale Basin Duvernay is a different animal than its western neighbour. To help our clients evaluate the play, Canadian Discovery is providing an independent Phase I analysis of geology, hydrodynamics, temperature, fluids, completions technology, productivity and economics.