Tuscaloosa Marine Shale exploration to increase this year

Residents in Mississippi and Louisiana have already seen an increase in oil exploration in recent years, but 2014 is expected to be the year that oil production spikes in the two states.

Residents in Mississippi and Louisiana have already seen an increase in oil exploration in recent years, but 2014 is expected to be the year that oil production spikes in the two states, The Associated Press reported.

Almite County, Miss., for example, sits above the Tuscaloosa Marine Shale, which also stretches into Louisiana and is estimated to hold 7 billion barrels of oil. While energy companies have known about the shale for years, the advanced technology and cost to develop the land was expensive and slow, the AP said. However, with the use of hydraulic fracturing, energy companies are moving into the area - Encana Corp. and Goodrich Petroleum to name a couple. These two companies alone plan to spend hundreds of millions developing the shale in 2014, the AP reported.

Goodrich CEO Robert Turnham said the company could double or even triple its existing 30 wells in the region this year, according to the AP.

"It's at a stage where you need more wells that have consistent results, that show the repeatable results there are in other plays," Turnham said.

Halcón Resources also recently announced it plans to drill up to a dozen wells in the shale formation this year, The Advocate reported. The energy company has leased about 307,000 acres of land, with the majority of it being located in southwest Mississippi.

"We have been working the Tuscaloosa Marine Shale from a geologic standpoint and monitoring industry activity in the play for quite some time," said Charles E. Cusack III, chief operating officer, according to The Advocate.

PennEnergy's research area offers more information on shale exploration.

Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
( 06/16/2015 / 02:00 PM Eastern Daylight Time / 01:00 PM Central Daylight Time / 11:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Turnaround Bolting Optimization

Improving turnaround safety, quality and schedule with innovative bolting methods. Join our speakers as they address the following topics: Improving job-site safety with innov...
Sponsored by

Latest Energy Jobs

View more Job Listings >>