Production in the shale stood at 131 billion cubic feet (bcf) in 2008, but this figure has been steadily declining, only reaching 85 bcf last year. By 2020, it is expected to continue falling and stabilize at approximately 62 bcf.
Dallas, TX (PRWEB) September 14, 2012
Only two of Antrim Shale's top 10 producing companies have actually increased their volumes of gas production from the shale over the past two years, with Linn Operating Inc. and Chevron Michigan producing 13.9 bcf and 8.3 bcf respectively in 2011 - although neither company had gas development projects in the shale previous to 2010. In February of last year, Chevron entered in the Antrim shale and has since marked its presence in the play with the acquisition of Atlas Energy Inc.
As a result of the shale's maturation, major oil and gas firms have divested their stakes and moved to acquire resources in newer shale plays with greater potential. From a total of 1,446 in 2006, the number of permits issued for Antrim Shale development dropped dramatically in 2011 to just 43, as major oil and gas players have increasingly redirected capital expenditure to more promising locations, such as the Barnett Shale, Bakken Shale, Marcellus Shale, Niobrara Shale and Haynesville Shale.
However, the other once major Antrim Shale gas producers such as Terra Energy Corporation, Ward Lake Energy and Muskegon Development Company have steadily decreased their gas production from the play over the last few years.
This report provides insight into oil and gas exploration and development potential in the Antrim shale. It also provides details of key exploration areas and major companies exploring various fields in the Antrim shale. The report also highlights the parameters for exploration and production, discusses major drilling activities of the major companies in the Antrim shale, detailing the gross production of the major companies involved in the Antrim play. It also provides a production forecast of the Antrim shale until 2020.
- An overview of the oil and gas drilling and exploration activities in the Antrim shale
- Details of the major companies by gross production in the Antrim shale
- Current exploration and production statistics for the Michigan region of the Antrim shale
- Forecasts for the Antrim shale production from 2012–2020
- Coverage and an overview of operations in the Antrim shale
- Information on the major mergers and acquisitions in the Antrim shale from 2007–March 2012
- Details of major infrastructure developments in the Antrim shale
Reasons To Buy
- Develop business strategies with the help of specific insights into the Antrim shale oil and gas market, primarily in the Michigan region of the US
- Identify opportunities and challenges in the Antrim shale (Michigan) in the US
- Plan your strategies based on expected developments of the Antrim shale (Michigan) in the US
- Keep yourself informed of the key developments in this potentially game changing market
List of Tables
Table 1: Antrim Shale, Key Characteristics, the US, 2012*
Table 2: Antrim Shale, Historic and Forecast Production, (bcf), 2007–2020
Table 3: Antrim Shale, Number of Drilling Permits for Major Operators, Michigan, 2006–2011
Table 4: Antrim Shale, Number of Wells Online for the Top 30 Operators, Michigan, 2011
Table 5: Antrim Shale, Top 10 Companies by Total Gross Production, Michigan, (bcf), 2007–2011
Table 6: Antrim Shale, Major Companies by Production, Michigan, (bcf), 2011
Table 7: Antrim Shale, Major Deals by Oil and Gas Companies, 2007–2012
List of Figures
Figure 1: Antrim Shale, Location, the US, 2012
Figure 2: Antrim Shale Formation, Stratigraphy, the US, 2012
Figure 3: Antrim Shale, Historic and Forecast Production, (bcf), 2007–2020
Figure 4: Antrim Shale, Number of Drilling Permits for the Top 10 Operators, Michigan, 2011
Figure 5: Antrim Shale, Number of Drilling Permits for the Top 10 Operators, Michigan, 2006–2011
Figure 6: Antrim Shale, Number of Wells Online for the Top 30 Operators, Michigan, 2011
Figure 7: Antrim Shale, Top 10 Companies by Gross Production, Michigan, (bcf), 2007–2011
Figure 8: Antrim Shale, Top 30 Companies by Gross Production, Michigan, (bcf), 2011
Figure 9: DTE Energy, Gas Midstream and Pipeline Infrastructure, Antrim Shale, 2011*
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