"Argentina's Oil Rich Neuquen Province Mulls Sovereign Wealth Fund"

FOX/DJN:

"Argentina's Neuquen Province plans to set up a sovereign wealth fund to save some of the royalties it expects to reap from the development of its vast unconventional oil and gas resources. Neuquen Governor Jorge Sapag compared the plan to Norway's decision to sock away the windfall revenues from oil and gas production in the North Sea." 

 "Mr. Sapag said his government also plans to take its oil and gas company, Gas y Petroleo del Neuquen, public as Norway did with its state-run energy giant Statoil ASA (STL.OS). Mr. Sapag hopes to list 30% of the company's shares on stock exchanges in Buenos Aires, New York and Toronto as early as next March, with the province retaining a 70% stake."

Kannattaisi ehkä odottaa ja katsoa minkälaisia volyymeja sieltä lehmän raadosta(Vaca muerta) irtoaa ennen kuin rupeaa säilömään ja sijoittamaan niitä tulevia miljardeja. Pohjanmeren kaivojen ROI:t ovat olleet kolme tai nelinumeroisia(ei tietenkään kaikkien), joten ylijäämää on tullut runsaasti, varsinkin kun tuota jakamassa on Norjassa ollut alle5 miljoonaa suuta. Eagle Fordin parhaimpien alueiden ROI ovat muutamassa sadassa prosentissa. Neuquenin provinssi on tosin rojaltien saaja ei maksaja.

Tuoreiden kaivojen tulokset ovat olleet hieman epätasaisia XOM & BOE sai tästä irti ihan hyvän IP:n, mutta EOG ei saanut ensimmäisestä horisontaalistaan vertikaalia parempia lukuja.

Politikoilla on tapana hypätä asiaoiden edelle: Paraguain presidentti ilmoitti kuukausi sitten, että hänen maastaan on tulossa öljynviejä, vaikka etsintäkaivoja on vasta suunnitteilla.

Itselläni ei ole Argentiinassa enää rahaa kiinni, enkä aio jatkossa pistää. Neuquen altaan kehitystä on tarkoitus seurata yhä, onhan tuo ensimmäinen(suurinpiirtein) Pohjois-Amerikan ulkopuolinen alue, jossa tiukkaa öljyä tuotetaan kaupallisesti.

Yksityisten voitoista laittomia Argentiinassa

Argentina to Require State Approval for Private Oil Investment

 Argentina’s government mandated the creation of an oil planning commission that will set national energy goals and have the power to review private companies’ investment plans. 

 The new commission will be made up of officials from the planning, energy and internal commerce ministries, the official bulletin shows. It will seek to “increase and maximize investments employed to explore, exploit, refine, transport and sell hydrocarbons with the goal of guaranteeing self-sufficiency and sustainability,” according to the document released by the Argentine government.

Jos löytämäsi öljy/kaasupoolin kehityssuunnitelma näyttää tuottavan voittoa siinä on jotain vikaa. Mutta ei hätää, komissio korjaa tilanteen: lisätään muutama ylimääräinen ympäristölupa(käsittelymaksu) ja bonus-rojaltiprosentti niin viivan alla jää korrekti numero. 0

Matleena

Madalena Operations Update

CALGARY, Feb. 13, 2012 /CNW/ - Madalena Ventures Inc. and its wholly owned subsidiary Madalena Austral SA ("Madalena" or the "Company"), is pleased to provide an update on its operations in Argentina.

On the Coiron Amargo Block, the Company has commenced production testing the CAS X-1 vertical exploration well from the Vaca Muerta formation. Over a 48 hour period, the well flowed 314 barrels of oil per day of 32 - 33 degree API light crude oil on a restricted 2 mm (1/12 inch) choke at flowing pressures of 2,500 psi and above. The choke setting, restricted during the initial stages of flowback, will be increased as the Company continues to flow test the well. A large three stage hydraulic fracture stimulation of the Vaca Muerta formation was completed as programmed in January 2012 utilizing over 1 million pounds of high strength sintered bauxite. The fracture stimulation is the first independent frac of the Vaca Muerta shale to be undertaken on land adjacent to the Loma La Lata field where YPF SA previously announced a major oil discovery1 in the Vaca Muerta formation.

Luku näyttää aika lailla odotuksien mukaisilta(YPF:n kaivojen seudulla) ja hyvältä.

Vaca Loca sannoo muu!

"Shell enters shale oil and gas project in Argentina"

Platts:

Shell has agreed to partner with Argentina's Medanito on a shale oil and natural gas project in southwestern Argentina, with plans to invest at least $200 million over the next five years, a person involved in the deal said Thursday.

"The investment could wind up being more, depending on the evolution of each exploration well," Medanito's director of corporate affairs, Andres Carosio, said in an interview.

The exploration and production activities will be carried out in the Aguila Mora and Sierras Blancas blocks in the Neuquen Basin for both conventional and unconventional oil and gas, he said...

Viikon palindromi

"Neuquen"

Kartoissa on eroja, joten kannattaa vertailla ennen ostopäätöstä
kenen kartan mukaan suunnistaa.

Madalena Ventures(MVN)

Americas Petrogas(BOE)

Vaca Muerta on

• Kaasuista kiveä lännessä, öljyistä idässä
• 100-2,000 jalan paksuista(brutto)(ohenee itään päin)
• 5,500 jalasta 10,000 jalan syvyydesssä
• huokoisuudeltaan 7-12%
  
• "ylipaineistettu"

BOE:n prospektiivisesta maasta suurin osa näyttäisi olevan kaasuista. Jos kaasui on nesteistä se voi olla tuottoisampaa kuin öljyinen maa, kuten Eagle Ford ja useampi muukin resurssi Pohjois-Amerikassa osoittaa. Totoral-blokin pohjoisosa, Loma Ranqueles, Los Toldos I ja II näyttävät käsillä olevan tiedon perusteella prospektiivisilta. Noissa yhteensä eekkereitä noin 200,000 nettona. Yhdelle eekkerille arvoa tässä vaiheessa ehkä max. $1,000, min. $500.

Madalenan Coiron Amargo-blokki vaikuttaa erittäin potentiaaliselta ja blokin pohjoisrajalta 1o kilometriä pohjoiseen löytyy vanha vertikaali, joka on tuottanut 720,000 tynnyriä 30 API:m öljyä Vaca Muertasta. Öljyn laatu muuttuu aika rajusti(30-42 API) koillinen-lounas-akselilla Coiron Amargo-seudulla, joten kiven laadussakin voi olla eroja.

Madalena on muistaakseni Sheldon Inwentashin yhtiö(Pinetree Capital lienee hänen tunnetuin välineensä) ja yksi asia minkä herra Inwentash osaa on itsensä palkitseminen, minkä vuoksi en ole kovin halukas ostamaan MVN:ää, huolimatta potentiaalista.

YPF(s.11):


Muoks. 16.8.2011

"YPF in twin Neuquen strikes"

YPF in twin Neuquen strikes

YPF, the Argentinian arm of Spanish-based Repsol, has made two unconventional shale discoveries in the Neuquen region in central Argentina, according to local reports.

Kathrine Schmidt 08 August 2011 16:44 GMT

The deposit in the Vaca Muerta formation was found at depth betweeh between 2775 and 2966 metres near the Patagonian town of Añelo, the Diario Rio Negro newspaper reported.

The Neuquen province undersecretary for hydrocarbons said the well could produce between 425 barrels per day of oil (67.7 cubic metres) and 37,104 cubic metres per day of gas.

Energy officials also confirmed another discovery in the region about 30 kilometres north-west of Añelo.

Also in the Vaca Muerta formation, this discovery was found at a depth between 2724 and 2850 metres. It is expected to produce 266.6 bpd (42.2. cmpd) of oil and 7.512 mcmd of gas.

In that project, YPF has a 70% interest, the regional company Gas y Petróleo de Neuquén (G&P) 15% and Rovella Energia 15%.

The discovery came on the heels of another nearby find from by Apache made public in mid-July.

EOG-kommentteja

Q2 CC-transkriptista:

Marmaton

Our press release also noted a new successful, mid-continent horizontal oil play, the Marmaton sandstone in the Oklahoma Panhandle. During the quarter, we drilled 8 strong Marmaton wells, such as the 100% working interest Davis 3 No. 1H, which IP-ed at 1,050 barrels of oil per day with 5 million cubic a per day of rich gas for a $4.3 million well cost. We had 34,000 net acres in this play. Because we don't have a huge acreage position, this will be a contributory rather than a gain-breaking play for EOG, but it will help us grow mid-continent liquid volumes.

En tiedä miten hyvin tuo kaivo kuvaa Marmatonia, kun Unit Corpin mukaan heidän 18 tuoreimman Marmaton-horisontaalin IP30 oli 208 boeta ja EUR per kaivo on 130,000 boeta. UNT:n kaivojen keskihinta on kyllä $2.7 miljoonaa vs. EOG:n $4.3 miljoonaa(tupla pitkä horisontaali ja enemmän frakkeja?)

Niobrara

In our DJ Basin, Niobrara Play, we've expanded the acreage we've proven up. All the results reported to date had been on our 80,000 net acre Hereford Ranch prospect. This quarter, we drilled successful wells on an additional 89,000 net acres, expanding our prospective acreage to 169,000 net acres. The Niobrara has some unique production characteristics that we haven't seen in any other oil resource play. Some wells start out at lower initial rates but then exhibit much flatter declines in other plays. For example, the well that kicked off the play, the Jake 2-01H, started out at a 645 barrel of oil per day stabilized rate and is currently producing 275 barrels of oil per day, a low decline rate, 22 months later. To summarize the Niobrara, this will definitely be a contributory play for us, and with optimized frac technology we might turn it into an even more significant asset.

Niobrara-kaivon tuotantokäyrä on mitä ilmeisimmin todella uniikki epätavanomaisien resurssien joukossa. Bakkenissa, Eagle Fordissa ja Cardiumissa tuotanto laskee IP30:stä ensimmäisen vuoden loppuun mennessä säännönmukaisesti yli 70%, kun Niobrarassa pudotus näyttäisi jäävän usein alle 50%. Niobrarassa on paikoittain selvästi enemmän luonnollisia murtumia kuin muissa epätavanomaisissa, mikä lienee ainakin yksi tekijä matalamman laskun takana.

Vaca Muerta(Argentiina)

During the quarter, we also added 100,000 net acres in Argentina's Neuquen Basin. Our target is the Vaca Muerta shale, which we believe will be oil-productive. We'll drill our first 2 wells in 2012.

Q&A-osuudesta

Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc.

Just in the Niobrara, can you provide us with the resource estimate update on the 160,000 net acres that you think are de-risk at this point?

Mark Papa

Yes. We haven't really come out with the resource estimate yet on there. I mean, it's no secret that the Niobrara has proven to be, I'd say, one of the more complex horizontal oil plays that both we and the industry have dealt with. I'm sure you're aware there's been mixed results from various companies in the Niobrara. I'm pleased to say EOG probably has the best results in Niobrara than any company. But we're still in kind of an understanding and evaluation phase of it as opposed to -- so we really don't want to give a number at this point in time because there's pretty wide range.

Brian Lively - Tudor, Pickering, Holt & Co. Securities, Inc.

Well, maybe just on the Hereford Ranch area, even if the not total resource, what are you seeing sort of at the average EUR per well? Or just some context on that.

Unknown Executive

Yes, Brian, I'd say the averages is probably in the 200, 225 barrels of oil equivalent range. The good thing we're seeing on these wells is that many of them -- they don't come in at really extremely high IPs. They'll come in at, say, 300 or 400 barrels per day. But after a year or so, they're still making 200 barrels a day. So the decline rates are really low, and that's very encouraging to us. We also had a lot of encouragement on our step-out drilling, as Mark's indicated in his comments and in our press release. And so, just overall, we're real positive in what's going on, and I really think it's going to be a significant play for EOG. But again, we want to have a little bit more time to drill some more wells and to evaluate the production before we come out with a reserve potential number.

Lainattujen kommenttien lisäksi voi todeta että EOG:n Eagle Ford-maat ovat valtavan tuottoisa resurssi ja yhtiön arvio kaivojen keskimääräisestä ROR:stä verojen jälkeen on vieläkin noin 100%. Eagle Ford on kokonsa ja tuottoisuuntensa valossa lähes uskomatonta uudehkon teknologian menestystarina.