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Presentation Overview

“Perspectives on Montana’s Petroleum Industry” MREA-MPA-MONTAX “Bridges to the Future” Conference October 15, 2009 Dave Ballard President Ballard Petroleum Holdings LLC Billings, Montana. Presentation Overview. Industry Overview and Economic Contribution Meet the Producers

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Presentation Overview

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Presentation Transcript

  1. “Perspectives on Montana’s Petroleum Industry”MREA-MPA-MONTAX“Bridges to the Future” ConferenceOctober 15, 2009 Dave BallardPresidentBallard Petroleum Holdings LLCBillings, Montana

  2. Presentation Overview • Industry Overview and Economic Contribution • Meet the Producers • Producing Areas and Trends • Geologic Elements of an Oil Field • Field Examples and the Technology of Discovery and Production • Have We Reached Peak Production?

  3. Geologic Elements of an Oil Field • Source Rock • Burial and Conversion to Petroleum • Reservoir Rock • Seal • Trap

  4. Petroleum System Elements (Impermeable) (Porous/Permeable) Potential Migration Route Good Reservoir 10 to 25% Porosity 0.5 to 12% Organic Material From: American Association of Petroleum Geologists Slide Series, “Quest for Energy”

  5. The Origin of Petroleum Organic-rich Source Rock Thermally Matured Organic Matter Oil From: American Association of Petroleum Geologists Slide Series, “Quest for Energy”

  6. Reservoir Sandstone Good Porosity = Lots of Space for Petroleum Pores (blue) From: American Association of Petroleum Geologists Slide Series, “Quest for Energy”

  7. Lower Quality “Unconventional” Reservoirs Require Advanced Technology ….. At a Higher Price From: American Association of Petroleum Geologists Slide Series, “Quest for Energy”

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