Antrim Shale in the US - Oil and Gas Shale Market Analysis and Forecast to 2020

GlobalData, September 2012, Pages: 20

Antrim Shale in the US - Oil and Gas Shale Market Analysis and Forecast to 2020

Summary

Our new report "Antrim Shale in the US - Oil and Gas Shale Market Analysis and Forecast to 2020" which provides insight into the oil and gas exploration and development potential in the Antrim shale. The report also provides details of the key exploration areas and major companies exploring various fields in the Antrim shale. The report also highlights the parameters for exploration and production, discusses major drilling activities of the major companies in the Antrim shale, detailing the gross production of the major companies involved in the Antrim play. It also provides a production forecast of the Antrim shale until 2020.

Scope

The report analyzes the oil and gas exploration and production activities in the Antrim shale. The scope of the report includes -
- an overview of the oil and gas drilling and exploration activities in the Antrim shale
- provides details of the major companies by gross production in the Antrim shale
- current exploration and production statistics for the Michigan region of the Antrim shale
- forecasts for the Antrim shale production from 2012–2020
- coverage and an overview of operations in the Antrim shale
- information on the major mergers and acquisitions in the Antrim shale from 2007–March 2012
- details of major infrastructure developments in the Antrim shale

Reasons to buy

The report will enhance your decision making capability. It will allow you to -
- develop business strategies with the help of specific insights into the Antrim shale oil and gas market, primarily in the Michigan region of the US
- identify opportunities and challenges in the Antrim shale (Michigan) in the US
- plan your strategies based on expected developments of the Antrim shale (Michigan) in the US
- keep yourself informed of the key developments in this potentially game changing market

1
1

1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 Overview
2.2 GlobalData Report Guidance
3 Antrim Shale, Introduction
3.1 Overview
4 Antrim Shale, Operational Overview
4.1 Antrim Shale, Well Profile
4.2 Antrim Shale, Production Trends, 2007-2020
4.2.1 Antrim Shale, Historic and Forecast Production, 2007-2020
4.3 Antrim Shale, Drilling Activity, 2011
4.3.1 Antrim Shale, Drilling Details, 2011
4.3.2 Antrim Shale, Drilling Permits, 2011
4.3.3 Antrim Shale, Wells Online, 2011
5 Antrim Shale, Competitive Landscape
5.1 Antrim Shale, Major Companies by Production
5.1.1 Antrim Shale, Major Companies by Gross Production, 2007-2011
6 Antrim Shale, Infrastructure, 2011-2012
7 Antrim Shale, Mergers and Acquisition Activity in the Play, 2007-2012
8 Appendix
8.1 Market Definitions
8.2 Sources
8.3 Abbreviations
8.4 Methodology
8.4.1 Coverage
8.4.2 Secondary Research
8.4.3 Primary Research
8.4.4 Expert Panel Validation
8.5 Contact Us
8.6 Disclaimer

1.1 List of Tables
Table 1: Antrim Shale, Key Characteristics, the US, 2012-
Table 2: Antrim Shale, Historic and Forecast Production, (bcf), 2007-2020
Table 3: Antrim Shale, Number of Drilling Permits for Major Operators, Michigan, 2006-2011
Table 4: Antrim Shale, Number of Wells Online for the Top 30 Operators, Michigan, 2011
Table 5: Antrim Shale, Top 10 Companies by Total Gross Production, Michigan, (bcf), 2007-2011
Table 6: Antrim Shale, Major Companies by Production, Michigan, (bcf), 2011
Table 7: Antrim Shale, Major Deals by Oil and Gas Companies, 2007-2012

1.2 List of Figures
Figure 1: Antrim Shale, Location, the US, 2012
Figure 2: Antrim Shale Formation, Stratigraphy, the US, 2012
Figure 3: Antrim Shale, Historic and Forecast Production, (bcf), 2007-2020
Figure 4: Antrim Shale, Number of Drilling Permits for the Top 10 Operators, Michigan, 2011
Figure 5: Antrim Shale, Number of Drilling Permits for the Top 10 Operators, Michigan, 2006-2011
Figure 6: Antrim Shale, Number of Wells Online for the Top 30 Operators, Michigan, 2011
Figure 7: Antrim Shale, Top 10 Companies by Gross Production, Michigan, (bcf), 2007-2011
Figure 8: Antrim Shale, Top 30 Companies by Gross Production, Michigan, (bcf), 2011
Figure 9: DTE Energy, Gas Midstream and Pipeline Infrastructure, Antrim Shale, 2011-

Big Oil Jumping Ship as Antrim Shale Gas Production Drops

Once one of the major natural gas sources in the US, Michigan’s Antrim shale is losing the interest of some of the country’s big oil and gas companies as investors move to exploit more productive locations, states a new report by GlobalData.

The latest report* states that in recent years natural gas production from the shale has been decreasing while a national overabundance has led to a decline in gas prices thereby largely impacting investor interest in the shale.

Production in the shale stood at 131 billion cubic feet (bcf) in 2008, but this figure has been steadily declining, only reaching 85 bcf last year. By 2020, GlobalData predicts this figure will continue to fall and stabilize at approximately 62 bcf.

As a result of the shale’s maturation, major oil and gas firms have divested their stakes and moved to acquire resources in newer shale plays with greater potential. From a total of 1,446 in 2006, the number of permits issued for Antrim Shale development dropped dramatically in 2011 to just 43, as major oil and gas players have increasingly redirected capital expenditure to more promising locations, such as the Barnett Shale, Bakken Shale, Marcellus Shale, Niobrara Shale and Haynesville Shale.

Only two of Antrim Shale’s top 10 producing companies have actually increased their volumes of gas production from the shale over the past two years, with Linn Operating Inc. and Chevron Michigan producing 13.9 bcf and 8.3 bcf respectively in 2011 – although neither company had gas development projects in the shale previous to 2010. In February of last year, Chevron entered in the Antrim shale and has since marked its presence in the play with the acquisition of Atlas Energy Inc.

However, the other once major Antrim Shale gas producers such as Terra Energy Corporation, Ward Lake Energy and Muskegon Development Company have steadily decreased their gas production from the play over the last few years.

* Antrim Shale in the US - Oil and Gas Shale Market Analysis and Forecast to 2020

This report provides insight into oil and gas exploration and development potential in the Antrim shale.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

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