Cardium Shale - Alberta Canada Oil Field - Devon Energy (DVN)

By Tim - http://oilshalegas.com

Devon Energy has also confirmed positive results in the Cardium Shale oil field. Located west of Alberta Canada, the Cardium Shale is a new emerging oil field.

On the exploration front in Canada, we continue to evaluate the oil and liquids-rich potential of numerous play types across our more than 4 million net acres. Our most encouraging results from our 2011 program came in at the Ferrier Area where we are targeting cardium oil. We drilled 8 wells in the area and saw 30-day IP rates as high as 940 barrels of oil equivalent per day.

This could be a sign of things to come. One thing is for sure, Forest Oil (FST), Exxon Mobil (XOM), and ConocoPhillips (COP) are drilling for oil in the Cardium as well.

http://www.oilshalegas.com/cardiumshale.html

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Cardium Shale is Heating Up in 2012

By Tim - http://oilshalegas.com

Oil and Gas companies are starting to release their earnings and operational reports. In going through these reports, something stuck out to me so far. The Cardium Shale is heating up!

The Cardium Shale is an oil field located in Western Alberta Canada. Exxon Mobil (XOM) recently stated that they had very encouraging results so far in the Cardium Formation. Here is what they said below.

"In Canada, we have had encouraging early results in the Cardium, with 2 wells on production at year end and additional drilling planned in 2012."

This could be a sign of things to come. One thing is for sure, Forest Oil (FST), Devon Energy (DVN), and ConocoPhillips (COP) are drilling for oil in the Cardium as well.

http://www.oilshalegas.com/cardiumshale.html

http://blackberrystocks.blogspot.com/

Alberta Canada Oil Shale - Exshaw Shale

By Tim - http://oilshalegas.com

November 7, 2011 - Murphy Oil (MUR) recently gave an update on the Exshaw Shale Oil Field located in Southern Alberta Canada. The Exshaw Shale is an emerging oil field in Canada which also extends down into Montana.

"In Southern Alberta, our Exshaw Bakken appraisal program has completed the first phase. We have drilled a total of 6 wells, the last well is awaiting completion, 2 wells are showing productive capability in line with expectations, 1 well is producing at very low rates and 2 wells are shut in to evaluate. Overall, production results from the first phase of wells have been mixed, and we continue to evaluate the play to identify sweet spots and areas for improvement.

Shale News

OilShaleGas.com

Cardium Shale - Devon Energy (DVN) Hits Oil in Canada

By Tim - http://oilshalegas.com

November 6, 2011 - Devon Energy (DVN) has released an update on drilling in the Cardium Shale located in Canada. The Cardium Shale is an emerging oil shale play which we will start to hear more about in the coming years, especially if oil prices hit record highs.

Cardium Shale wells produce 770 BOE per day

"Also in Canada, Devon completed 19 exploration wells targeting oil and liquids-rich opportunities across its more than 4 million net acres in the Western Canadian Sedimentary Basin. The company tied in 10 of these wells to production in the third quarter. This activity was highlighted by results in the Ferrier area where the company commenced production on three Cardium wells with initial production averaging 770 Boe per day per well."

Shale News

OilShaleGas.com

PetroBakken Energy Ltd.: Cardium Shale Update

By Andrea: http://oilshalegas.com

PetroBakken Energy Ltd. (PBN.TO) recently provided an update on results from their horizontal drilling program in the Cardium formation in Alberta at Pembina, Garrington, and Lochend.

PetroBakken's activity levels have continued to increase and they now operate 10 drilling rigs in the Cardium play with one full time completion crew and two other completion crews on an intermittent basis. With this operating configuration they will be able to accelerate completion and tie-in operations so that by the end of the first quarter of 2011 they expect to be on a normal operating cycle with approximately 10 to 12 wells waiting to be completed and brought on production at any time.

In the month of November, Petrobakken brought 8 (7.0 net) operated wells on production. Through the first sixteen days of December, they placed a further 8 (5.9 net) wells on production, and they anticipate that over the balance of December, they will add another 14 (12.2 net) operated wells. For November and December, they expect to bring a total of 30 (25.1 net) Cardium wells on production.

PetroBakken now has 11 operated wells completed with slick water fracture stimulations that have sufficient history to provide both 7 day and 30 day initial production data. The average initial 7 day production rate from the first 13 wells is 415 bopd, and the average initial 30 day production rate from their first 11 wells is 245 bopd. These results continue to meet their original expectations for productivity from Cardium horizontal wells, and they anticipate further improvements in productivity and capital efficiencies from their drilling and completions operations as they continue to refine their methodologies.

PetroBakken previously reported initial production data from the time that the well is put on production exclusive of the initial flowback or testing period. However, the oil produced from the initial flowback period is sales oil, and although these reported volumes are initially field estimates, once the volumes are reconciled with sales receipts these volumes are now included in their 7 day and 30 day initial production data. In the future, as pipeline projects evolve, PetroBakken expects to conserve more natural gas and natural gas liquids and include those volumes in the reported results.

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Alberta Canada Oil Sands - Peace River Oil Sands Area

By Andrea: http://oilshalegas.com

Today we are profiling Tamm Oil & Gas Corp (TAMM.OB):

TAMM has acquired a 100% working interest in 55 contiguous sections of mineral rights or 35,200 acres, at Manning, Alberta in the Peace River Oil Sands Area. These mineral rights are considered to be prospective for heavy oil in the Mississippian Debolt, Elkton and other formations.

-"Internal company estimates of potentially 3 billion original barrels of heavy oil in place on the properties within the various zones with the majority in two specific zones".

-Current plan for 2009/2010 winter season would be a 3-5 well drilling and coring program with an additional 20 to 30 km seismic program to supplement the drilling and core data and thus continue to evaluate the potential resource.

-Work is currently ongoing to further study geology and acquire "trade data" seismic and map the adjoining lands for other potential acquisitions and to optimize the drilling/coring program.

-Subsequent plans might be building of sufficient year-round access and infrastructure to support increased development, ongoing drilling and seismic to more fully define the reserve, a test pilot of a one or two well production program -- to test for optimum methods of recovery -- CCS -- either vertical or horizontal or both, SAGD type enhanced recovery, Cold Flow, TIDE or other models.

-Current typical costs for these types of production methods, at the commercial pilot stage are around $40/bbl -- thus a good return for initial production aiming at 18% primary recovery and cyclic steam at 30% recovery. As production in this area is still in the early stages, the anticipated recovery rates may increase with experience in working with these potential reservoirs.

-Based on the results of the initial testing -- secondary testing might include a full scale pilot of between 5000 to 8000 bbls/d. This could potentially begin in 2011/2012.

Further information on Tamm Oil & Gas Corp (TAMM.OB), visit: http://www.tammoilandgas.com/s/AreaOfExploration.asp

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Montney Shale: Progress and ProEx announce Business Combination

Progress ann ProEx, two companies that trade on the Toronto Stock Exchange, announce they will combine businesses to focus their assets, including the Montney Shale in British Columbia.

Key attributes of the merger for ProEx shareholders: - Consolidates working interests in the Foothills of northeast British Columbia with the majority of land controlled 100 percent; - Provides ProEx with exposure to a high quality asset with a large low risk exploration and development drilling inventory in the northwest Alberta Deep Basin; - Ensures that an expanded capital program can be funded internally; - Ensures continuity of senior management and technical personnel expertise; and, - Introduces another element of financial discipline through the payment of a quarterly dividend. Key attributes of the merger for Progress Trust security holders: - Establishes a clear go-forward strategy in response to the taxation of trusts in 2011; - Continues to pay cash back to security holders in the form of a tax-effective dividend; - Provides a strong low-risk growth profile through an expanded capital budget; and, - Provides expanded participation in emerging resource-play opportunities.

Progress will focus its capital investment and growth opportunities in four key plays: the Halfway tight gas formation in the Foothills; the multi-zone Gold Creek project area in the Deep Basin; Montney shale gas fairway through northwest Alberta and northeast British Columbia; and Progress' conventional, high impact opportunities across its land base.

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