Eshmun , The origin of the term "unconventional" in...

Eshmun ,

The origin of the term "unconventional" in "unconventional resources" seems to have been forgotten but comes from unconventional trapping mechanisms .

Examples of unconventional trapping mechanisms include cases where the reservoir forms its own trap like shale source rocks and basin centred gas accumulations .

The light tight oil in the US is in hybrid plays , not shales themselves .

Given that the same methods (horizontal drilling and hydraulic fracturing) which are used to exploit low permeability reservoirs which have unconventional seals and traps are also used to exploit conventional seals and traps , the original distinction between conventional and unconventional is of limited use .

What I'm saying is the term "unconventional" no longer has a commonly agreed meaning so I don't see how you can categorise wells as being conventional or unconventional as if it was still black and white .

Much of U.S. production is stripper wells which will be shut in at $40 . I bet there are some bargains out their for mom and pop operators .

I like what Empire Energy Group are doing in the U.S. - concentrating on shallow long term assets which have been ignored during the scramble for large scale resource plays .