Is shale running short on ‘PowerBars’?
North America may be in the midst of an energy renaissance, but that could be slowed or derailed by several limitations, including nature.
For example, in any given shale play, between 3 percent and 9 percent of the acreage holds the most profitable and productive wells, said Raoul LeBlanc, managing director of onshore oil industry research for IHS.
LeBlanc compared productive underground reserves to nutrient-dense snacks.
“You have PowerBars and popcorn in your pantry,” LeBlanc said. “Right now we’re eating the PowerBars. And at some point, the PowerBars will run out.”
Since most drilling so far has focused on the best acreage, production growth in some of the hottest plays in the United States, like the Bakken and the Eagle Ford shales, will likely slow, he said.
“At some point we’l
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