Nexen's shale gas assets.
Expanding Our Shale Gas Assets
Northeast British Columbia, Canada
Nexen holds 180,000 net acres in the Horn River, Cordova and Liard basins. Our Horn River facilities, which began producing at Dilly Creek in 2007, currently have an operating capacity of about 29,000 barrels of oil equivalent per day (boe/d). Production from Horn River averaged about 8,800 boe/d net to Nexen in 2012. We consider the Cordova and Liard leases to contain high potential shale gas opportunities, and we’re in the initial planning and exploratory stages of development.
Learn more about our shale gas operations in British Columbia.
Colorado, Wyoming and Texas, U.S.
Nexen manages CNOOC Limited's 33% working interest in two major U.S. shale projects operated by Chesapeake Energy - Eagle Ford (600,000 net acres in South Texas) and Niobrara (800,000 net acres in Colorado and Wyoming). The Colorado and Wyoming assets are primarily shale oil assets with some shale gas. The development of shale oil uses the same process as shale gas.
We have approximately 1.5 million acres of prospective shale gas lands located near Bogota – Colombia’s largest gas market. While initial geological surveying illustrates shale gas potential, long term investment decisions will depend on exploration results. Nexen has been operating in Colombia since 1995. Learn more about our shale gas operations in Colombia.
Nexen has entered into a joint venture partnership to explore 10 concessions in Poland’s Paleozoic shale gas play.