In many ways the oil industry is a fashion industry, and in 2011 the exciting new model on the investment bankers’ catwalk was the Duvernay shale.
Over $2 billion was spent acquiring big land packages, and the rising price per acre kept the play in the news headlines.
Covering over 100,000 km2 along the edges of the foothills of the Canadian Rockies, it’s the source rock for almost all the pools of oil that have created fortunes for Alberta oilmen.
Canada’s second largest brokerage firm, BMO Nesbit Burns, says the highly productive wet gas window in the Duvernay is 7500 km2–that’s 30% larger than the EagleFord wet gas, or liquid rich, area.
It’s huge—no, it’s colossal. It’s over-pressured, and has a high organic content—all the right signs for a great “resource play.”
…..read the entire analysis HERE