The Monterey Shale, primarily a crude oil formation located in both onshore and offshore Southern California at depths between 8,000’-14,000’, is easily one of the most polarizing unconventional formations in North America. The Monterey had the potential to be one of the most prolific oil producing basins in the United States, The Monterey shale play is the primary source rock for the conventional oil reservoirs found in the Santa Maria and San Joaquin Basins in southern California. 4 The next largest shale oil plays are the Bakken and Eagle Ford, which are assessed to hold approximately 3.6 billion barrels and 3.4 billion barrels of oil, respectively. California has a significant oil resource in the Monterey Shale. In 2011, the U.S. Energy Information Administration (EIA) estimated that the Monterey Shale could hold up to 23.9 billion barrels With crude oil going for around $80 a barrel, the Monterey Shale became profitable. The Monterey Shale is located in the San Joaquin Basin which is home to the Kern County oil discovery. The San Joaquin Basin extends up to Kern County, Kings County, Tulare County, Fresno County, The U.S. shale revolution has completely passed the state by. Although domestic crude oil production has reached heights not seen since the early-1970s, and will actually be setting new records this year, California's oil output has plummeted nearly 60% since peaking in 1985 — with no sign of reversing. The Monterey Shale formation contains about two-thirds of the nation’s shale oil reserves. It had been seen as an enormous bonanza, reducing the nation’s need for foreign oil imports through the
13 Dec 2019 Natural gas proved reserves from shale increased from 66% of total U.S. gas States with subdivisions are California, Louisiana, New Mexico, 21 May 2014 UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct The reserves were downgraded by 96 percent, from 13.7 billion 18 Feb 2013 California has been an oil state since 1865. Thanks largely to reserves that can still be tapped by conventional means, it remains the
California is sitting on one of the largest shale oil deposits, estimated to hold more than 50% of the recoverable oil in the United States. Stretching from the 15 Jan 2013 California's Monterey Shale, seen here, has a massive mount of oil and the state could be poised for a boom, if it can safely get the crude out of
In an assessment of the nation's shale oil potential, the agency estimated California's Monterey formation contained some 15.4 billion barrels of technically recoverable oil - about 64 percent of total U.S. shale oil reserves. In 2013, EIA revised the Monterey's potential downward somewhat to 13.7 billion barrels. EIA cuts recoverable Monterey shale oil estimate by 96 pct. NEW YORK, May 21 (Reuters) - The U.S. Energy Information Administration (EIA) on Wednesday cut its estimate of recoverable oil in California’s Monterey shale by 96 percent, casting doubt on what was once thought to be America’s next major energy play. The Monterey is 1,000-3,000 ft thick, meaning a vertical Monterey shale well comes into contact with at least 1,000 ft of reservoir rock. Other major US shale plays appear thin and flat by comparison. A somewhat overlooked July report by the United States Energy Information Administration estimating readily recoverable shale oil and gas reserves in the country states that the Monterey formation boasts about 15.5 billion barrels of oil—nearly 64% of the total shale oil reserves in the United States. Accounting for around two thirds of the US’s total estimated shale oil reserves and covering roughly 1,750 square miles of the Californian wilderness, the Monterey field is a true giant which could turn California into the largest oil producing state in the country. But getting at that oil isn’t easy. The Monterey Shale is unlike other oil shale formations across the United States. In those booming oil fields, reserves are pooled in orderly strata of rock. A soon to be released government forecast says that California's Monterey Shale deposit will yield only 4 percent of what was originally hoped. The downgrade immediately raised questions about the sustainability of the still nascent U.S. energy boom, which has sent domestic oil and gas production to its highest level in nearly 40 years.
Daniel J. Graeber, California shale reserve estimate low: USGS finds oil and gas reserves small compared with previous studies, UNITED PRESS INT'L, Oct. 7, potentially recoverable oil basins are in the Monterey Shale deposits in California , and Bakken. Shale deposits in North Dakota. Table 1 depicts the major shale (Proven reserves have been demonstrated by drilling to be technically and Tight oil and shale gas producers have focused their efforts and technological report that presaged the Department of Energy's downgrade of the Monterey Shale So far, these oil deposits have been discovered in black mudstone and shale Some of these fracture reservoirs, such as the Monterey, are likely self-sourced. 7 Dec 2012 California's oil shale resource is huge – more than 15 billion barrels in the Monterey formation, according to one estimate. It's bigger than North ➢Monterey shale is the primary source rock for the conventional oil reservoirs found in the Santa Maria and. San Joaquin basins. Monterey Oil Shale Seen as