Does the Duvernay Oil Play have room to expand? Yes! Recent HOT and heavy land sales in the East Shale Basin, with bonuses exceeding $5000/Ha, have been attracting attention lately; however, the play’s overall activity has been and is quietly expanding. Canadian Discovery estimates the existing East Shale Basin oil and condensate play area to exceed 3 million acres. Our most recent analysis suggests an additional 1.2 million-acre play area extending into the West Shale Basin oil window.
To cover this emerging opportunity we have expanded our original project area to the north. With a number of important land sales and disposition packages on the near horizon, parties interested in evaluating these opportunities need to get up the learning curve fast. Canadian Discovery has leveraged its extensive knowledge and expertise on the Duvernay to provide ready-to-use insights on this emerging light-oil play. Learn more about the South Duvernay Oil Play Information Package.
Why the East Shale Basin?
Recent analyst reports are pointing to IP30 rates of 300+ boepd and EURs exceeding 300 mboe (90% oil). As the shales are thinner, thermally less mature and have higher carbonate content, the East Shale Basin Duvernay is a different animal than its western neighbor. To help our clients evaluate the play, Canadian Discovery is providing an independent Phase I analysis of geology, hydrodynamics, temperature, fluids, completions technology, productivity and economics.
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