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In geology, a petroleum play, or simply a play, is a group of oil fields or prospects in the same region that are controlled by the same set of geological circumstances. [1] The term is widely used in the realm of exploitation of hydrocarbon-based resources.
The new Pennsylvania oil and gas law passed in February 2012 increased the rebuttable presumption distance around each oil and gas well, from 1,000 feet to 2,500 feet, and increased the time period from 6 months to one year following drilling, completion, or alteration of a well bore. [91]
Drilling expanded greatly in the past several years due to higher natural gas prices and use of horizontal wells to increase production. In contrast to older shale gas plays, such as the Antrim Shale, the New Albany Shale, and the Ohio Shale, the Barnett Shale completions are much deeper (up to 8,000 feet). The thickness of the Barnett varies ...
LONDON -- In this edition, David Kuo and veteran oil and gas expert Malcolm Graham-Wood discuss the resources industry and potential winners from the sector. Companies in the spotlight include BP ...
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Historically, the extraction of oil from sand has been a costly business, so investors have tended to favor larger integrated oil and gas companies like Chevron and Royal Dutch Shell which use ...