Fayetteville Shale

From WikiCover

The Fayetteville Shale field is an unconventional gas reservoir located on the Arkansas side of the Arkoma Basin. The thickness of the Fayetteville Shale ranges from 150 to 300 feet and depth from 1500 to 2000 feet. The shale is a Mississippian-age shale that is the geologic equivalent of the Barnett Shale found in Texas and the Caney and Woodford Shales found in Oklahoma. Blaze Energy believes that this field represents one of the most promising unconventional gas finds in the United States. According to information derived from wells already drilled in the Fayetteville Shale, the Company anticipates its initial production should exceed 2MCF/day per well. It is also anticipated that each well should have reserves of 2-3BCF. The cost to drill these wells will be between $2MM to $2.8MM, depending on the length of the horizontal lateral. The State of Arkansas allows sixteen wells to be drilled per 640 acre section.