Through a unique partnership, Elsevier and Wood Mackenzie are making it easier for geoscientists to assess opportunities in oil and gas exploration within a scientific and business context.
Wood Mackenzie is a leading provider of research and consulting services to the energy and metals industries, and this partnership integrates high level commercial metrics from their Exploration Service and Unconventional Gas Service into the Geofacets product interface via easy-to-use map overlays.
As the oil and gas industry's significant focus on new frontiers and unconventionals continues to increase, the goal of this partnership is to provide Geofacets users with additional knowledge and business context as they conduct scientific analyses of new areas and environments.
Unconventional Gas Metrics
These new map overlays provide high level commercial information regarding break-even prices for three types of unconventional gas lithologies in areas where there is known potential for unconventional gas operations. Break-even prices (US$/mcfe) reflect costs, fiscal terms and production profiles.Break-even prices are shown for the following gas types:
- Shale Gas: natural gas produced from shale, a clastic sedimentary rock composed primarily of clay-sized particles
- Tight Gas: natural gas produced from formations with less than 0.1 millidarcy permeability
- Coalbed Methane (CBM): natural gas produced from coal seams.
Conventional Oil and Gas Metrics
Introduced in April 2011, these map overlays provide high level commercial information regarding economic potential of oil and gas exploration, at a basin or country level.
Basin Metrics are more relevant to the physical characteristics of an area, and are most appropriately viewed at the basin level because the factors that influence these reflect subsurface conditions:
- Total Number of Exploration Wells Drilled: Highlights the most well explored basins and the relative maturity of exploration in each basin. It distinguishes basins based on total number of exploration wells drilled in each basin.
- Success Rates (%): Highlights where exploration investors face the highest risks. It distinguishes basins based on the success rate of exploration drilling in each basin.