Californian Oil: Unlocking the Golden State's Shale Resources
Organization: Infocast's Events
|Event Date/Time: Dec 04, 2012||End Date/Time: Dec 05, 2012|
Be Part of the Biggest Thing to Hit California Since the Gold Rush
- Understand today’s shale land rush in California
- Discover how to profit from the tremendous amount of undeveloped potential
- Join your fellow energy companies riding the next wave of US exploration and production in the Monterey play
DAY ONE: Californian Oil: Geology, Land, Leasing and Permitting
The Monterey formation, which lies beneath parts of the southern San Joaquin Valley and the Central Coast, could hold more barrels of oil than the Bakken! Oil in California may seem unexpected, but the Monterey Shale formation is made up of a number of fields that do not necessarily require hydraulic fracturing to fully exploit. In addition, simpler, cheaper vertical wells can be used in some areas of the Monterey Shale, making this California oil play promising and profitable.
Oil and gas majors are selling their non-core assets in California, opening the door for new entrants looking to unlock the vast drilling potential. This has sparked a real estate rush to snap up land for drilling.
Production in the Monterey Shale and general activities of drilling for oil in California have not exploded as with other shale formations due to its heterogeneous nature, which presents geological and technological challenges to producers. Companies without existing positions in California may be hesitant to set up operations as they are not familiar with operating in the state.
Getting the necessary state drilling permits, particularly in new, step-out extension areas away from existing producing fields, may present some regulatory challenges. In addition, even though the regulatory climate is progressing, Californians have been resistant to new drilling, unlike in North Dakota and Texas.
Therefore, Infocast has organized Californian Oil: Geology, Land, Leasing and Permitting, which will address the geological and technological challenges presented in the heterogeneous Monterey Shale and its surrounding sediments, provide landmen’s perspectives on real estate rush, and give an update on leasing and permitting trends. Attend and discover how to tap into the tremendous amount of undeveloped potential in California and profit from this opportunity.
DAY TWO: Californian Oil: Regulatory Briefing
Attend this Briefing to get an update on regulatory efforts to define hydraulic fracturing in California, industry initiatives to achieve transparency and stakeholders’ buy-in in the state and learn how you can successfully operate and comply with California’s strict permitting, air and water regulations.
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