Duvernay Shale economic resources . : NE4-2/20-2017E-PDF

"Following a recent study that assessed the Duvernay Shale’s marketable petroleum resources, the NEB assessed the Duvernay Shale’s economic resources. At 2017 light sweet crude oil prices, natural gas prices, and well costs, the Duvernay Shale’s economic oil resource is 156 million cubic metres (m3) or 1.0 billion barrels, about one third of the Duvernay’s marketable oil resource. Meanwhile, the Duvernay Shale’s economic natural gas resource is 339 billion m3 (12.0 trillion cubic feet (Tcf)); 16% of the Duvernay’s marketable natural gas resource. The Duvernay Shale’s economic natural gas liquid (NGL) resource is 216 million m3 (1.4 billion barrels), about one fifth of the Duvernay’s marketable NGL resource"--Executive summary, p. 2.

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