Eastern Canadian Oil and Gas Prospects
- O.D. Boggs (J.C. Sproule & Associates Ltd.) | G.V. Lloyd (J.C. Sproule & Associates Ltd.)
- Document ID
- Petroleum Society of Canada
- Journal of Canadian Petroleum Technology
- Publication Date
- June 1962
- Document Type
- Journal Paper
- 52 - 60
- 1962. Petroleum Society of Canada
- 1.6 Drilling Operations, 4.6 Natural Gas, 4.3.4 Scale, 2.1.3 Sand/Solids Control, 5.1.1 Exploration, Development, Structural Geology, 4.1.2 Separation and Treating, 5.4.1 Waterflooding, 4.1.5 Processing Equipment, 5.1.2 Faults and Fracture Characterisation
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A general assessment of exploration for and development of Oil and Gas inEastern Canada, Past and Present, and the possibilities for the Future, aregiven. The assessment is subdivided for purposes of convenient discussion, intothe Southwestern Ontario, St. Lawrence Lowlands, Gaspe Peninsula and MaritimeBasins areas. The general stratigraphic and structural natures of these Basinsin relation to their Oil and Gas prospects are stressed.
There has been an increasing realization in recent years that thesedimentary basins in Eastern Canada have not been completely evaluated as tooil and gas prospects. This has lead naturally to increased leasing and torelated exploration and exploitation activity. The resultant high success ratiohas supported this activity and it is anticipated that the trend, in somecases, will expand even further.
It may not be that the results per unit effort will, everywhere, be the samein Eastern Canada as they are for the more promising areas in Western Canada,but the higher well-head prices for oil and gas in Eastern Canada still makethis area as promising or even more so on an economic basis than many areasbeing explored in Western Canada. The strong demand and firm prices make forrapid payouts in contrast to western areas where pro-rationing and competitionhave lead, in general, to extended payout periods.
Assisted recovery methods, such as water-flooding and improved productiontechniques, including fracturing of some of the more impermeable but porousbeds, are leading the way not only to increased profitabilities but also tore-evaluations of known, but marginal, pre-existing prospects.
Another important factor is that fully modern exploratory methods have notyet been applied to a reasonable extent to the Eastern Canadian basins. Thesituation might be likened to some extent to that of old mining areas, whereimproved knowledge of mining and of metallurgy permits the extension of oreveins or the re-opening of abandoned mines and even of the slag heaps, on amore economic basis than was originally experienced.
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