Sharewell Energy Services: Green River Formation

By Andrea: http://oilshalegas.com

Sharewell Energy Services recently announced the completion of a 13,000 ft well located in the Green River Formation.

Sharewell Energy Services, a division of Sharewell L.P. announced that it just completed the drilling of a well in the Rocky Mountain area with its proprietary Electro-Magnetic Measurement While Drilling System (EM MWD) (Electro-Trac(TM)) to a depth in excess of thirteen thousand feet (13,000 feet). This is a record depth for Sharewell's state-of-the-art EM MWD technology.

Electro-Trac(TM) successfully steered and surveyed the above well to a measured depth of 13,065 feet (12,902 feet TVD) accumulating 700+ circulating hours without failure. This was accomplished without the use of repeaters or hard wiring. The Electro-Trac EM MWD was developed with initial funding from a Department of Energy (DOE) grant as part of the Deep Trek Initiative. Part of the Deep Trek Initiative's focus was to develop lower cost methods of developing deep gas via development of a unique Electro Magnetic transmission system.

Conventional EM MWD systems have depth limitations due to their inability to generate the required amplitude necessary to penetrate the increasing overburden of the surrounding geology, and/or detect and adequately filter the ambient noise. EM MWD technology is preferred over traditional, "mud pulse" MWD systems which require generation and subsequent acquisition of fluid pressure changes to transmit the required data. EM MWD saves operators substantial survey time which translates into cost savings for oil and gas operators.

Sharewell L.P. is successfully operating the Electro-Trac(TM) MWD system in multiple reservoirs/basins including Eagleford Shale, Barnett Shale, Marcellus Shale, New Albany Shale, Fayetteville Shale, Antrim Basin, San Juan Basin, Piceance Basin, and Uinta Basin.

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Gothic Shale: New Natural Gas Discovery - Bill Barrett Corp

Bill Barrett Corporation ( BBC ) announced this week a successful new shale discovery in Southestern Colorado in the Yellow Jacket Prosepect area. This shale formation is located near the Green River Formation


A significant shale gas discovery at the Yellow Jacket prospect in the Paradox Basin in southwest Colorado

Our Company is very excited about the initial results from the first two horizontal Gothic shale gas wells at the Yellow Jacket prospect in southwest Colorado. The Koskie well produced for 17 days, averaging 4.5 million cubic feet per day (MMcf/d) of natural gas over the final ten days and completed the testing period at a rate of 5.7 MMcf/d. The second horizontal well, the Neely well located 14 miles north of the Koskie discovery, is currently testing early in the flowback stage at 3.1 MMcf/d natural gas. Due to the encouraging results from the wells drilled to date, in 2009 we will operate a continuous program to evaluate the area and will begin construction of infrastructure. This is a widespread but shallow (5,500 to 6,500 feet) resource play where the Company has built a 397,000 gross acre position over the past four years.

http://phx.corporate-ir.net/phoenix.zhtml?c=178552&p=irol-newsArticle&ID=1222253&highlight=

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Oil Shale - Green River Basin Formation

The Green River Formation in Colorado, Wyoming, and Utah hold over 750 billion barrels of recoverable oil from oil shale. This region could one day reduce our dependence on foreign oil.

While the land is held in federal hands, they are leasing land out to companies for testing purposes. Shell oil company is one of those companies. Shell is testing one specific location in Colorado about the size of a football field. Shell is testing the freeze wall which keeps water out of the production area while they basically heat and extract the oil from shale.

For more on the Green River
Formation...visit http://www.oilshalegas.com/greenriveroilshale.html