The Monterey Shale May Be Better Suited for Acidization

Source: Shale Ohio 7/12/2013, Location: North America

After an oil industry journal quoted former Venoco Inc. CEO Tim Marquez saying that the company's primary approach to tapping into Monterey shale reserves "will be big acid jobs," California Sen. Fran Pavley (D-Augora Hills), chairwoman of the Natural Resources and Water Committee, announced her intent to "broaden her legislation aiming to regulate hydraulic fracturing" to include other oil production stimulation methods, such as acidization or acid jobs, Hispanic Business reports. The potential for recovering oil reserves from the formation, which underlies 1,750 square miles in central and southern California, has created a "frenzy of leasing activity for oil rights" despite major opposition from environmentalists and other groups.

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Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


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