Identify Major Shale Plays in the United States
i. Compare the Eagle Ford, Bakken, Marcellus, Permian and the recent exploration by estimated ultimate reserves (EUR) and technically recoverable reserves(TRR) for gas, oil and NGL’s.
ii. Discuss Drilling and development costs per well. (Today vs. 2013)
iii. Comment on the first or early exploratory well(s) and the company responsible for the discovery of the well(s).
iv. Discuss reasons for success in producing the shale formations. (Fracking, Horizontal drilling, etc.)
v. Discuss the impact of recent price declines in crude oil and the exporting of condensate, and crude oil.
vi. Include a discussion of the disclosures required by SFAS 69. The guidelines for these
disclosures are found in chapter 14 of the textbook.
vii. Define EUR and the TRR (Explain the difference between them).
viii. Discuss the impact of recent price declines in crude oil and the exporting of condensate.
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