Over the past 30 years (before shale and other unconventional gas resources became “respectable”), Advanced Resources has assembled a high quality data base on shale oil and gas, tight oil and gas, and coalbed methane resources. This data base is linked with Advanced Resources’ MUGS Model to establish economically viable unconventional gas and oil resources and their future rates of production, on a basin and play level. Also, the data base and a series of other input variables are linked with the MUGS Model to calculate economically viable resources, future drilling rates and future production.
- The key components of Advanced Resource’ Technology Model of Unconventional Gas Supply (MUGS) are illustrated in the figure.
- MUGS contains a series of cost-price factors that relate costs to changes in natural gas and oil prices.
- In addition, MUGS incorporates data related to the resource base/proved reserves, costs and well performance, economic considerations and the impact of technological progress as it relates to unconventional oil and gas production.
- The U.S. unconventional gas and oil data base includes 21 basins (with 110 plays for shales); 14 basins (with 75 plays for tight oil and gas); and 11 basins (with 30 plays for coalbed methane).
- The data base provides play/basin specific estimates for technically recoverable resources, well performance and well costs. (Well performance and costs are updated several times a year to remain relevant with the rapid changes underway in these still emerging large resources.)
- The data on well performance includes information on product type - - dry gas, wet gas (Btu/NGL content), condensate and crude oil.
- The data base and a series of other input variables are linked with ARI’s MUGS to calculate economically viable resources, future drilling rates and future production.
- The Canadian unconventional gas and oil data base includes 7 basins (with 24 plays for shales) and 3 basins (with 13 plays for tight oil and gas).
For more information on Advanced Resources’ Model of Unconventional Gas and Oil Supply (MUGS) and how it can provide insight into your projects, please contact Mr. Taylor Malone by e-mail at firstname.lastname@example.org.