Granite Wash Shale in the US, 2013 - Oil Shale Market Analysis and Forecasts to 2020

Wednesday 19 June 2013, Amsterdam

Stiles Ranch (Granite Wash Cons) was the Leading Production Field in Granite Wash for 2012

In 2012, 81 fields in the Granite Wash play produced approximately 64.8 mmboe of oil, casinghead gas, natural gas and condensate. Of the 81 fields, Stiles Ranch (Granite Wash Cons) accounted for the majority the total production at 31.6% or 20.5 mmboe in 2012. Buffalo Wallow (Granite Wash) was the second-largest producing field in Granite Wash for 2012, at 9.6 mmboe.

Apache and Chesapeake Energy are amongst the Leading Operators of Granite Wash in terms of Net Acreage and Gross Production - Some of the major companies operating in the Granite Wash include Apache, Chesapeake Energy, Linn Energy, Devon Energy, Forest Oil and Newfield Exploration. Out of these, Apache and Chesapeake Energy lead in terms of acreage and production. Apache has the highest net acreage and gross oil production, while Chesapeake Energy leads in terms of gross total production and gross natural gas production.

One of the reasons for the emergence of Apache as one of the largest net acreage holders in Granite Wash is the acquisition of Cordillera in April 2012. The acquisition helped Apache to approximately double its Granite Wash acreage.

“Granite Wash Shale in the US, 2013 - Oil Shale Market Analysis and Forecasts to 2020”, is the latest report, the industry analysis specialist, which analyzes the oil shale market in the Granite Wash play. The report is compiled by using data and information sourced from proprietary databases, secondary research and in-house analysis by GlobalData’s team of industry experts.

The Granite Wash play stretches across the states of Texas and Oklahoma in the US. It has complex geology – the presence of several intervals and wide variation of mineral composition resulted in complex heterogeneous rock system at the Granite Wash play.