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Operations
New Albany Shale Indiana
Acadian Energy has a processing facility in place; a tap installed into the pipeline, and is currently shipping gas.
- Reserves: 44.7 Bcf (16.6 Bcf Proved)
(Reserves as of 3/31/10 by Forrest Grab & Assoc)
- Leasehold 15.1K Gross/14.6K Net acres in vibrant New Albany Shale Gas Resource Play
- 6 Horizontal Wells Drilled (100% success)
New Albany Shale Overview
The New Albany formation is a hydrocarbon rich shale mostly Late Devonian in age which lies under much of the Illinois Basin.
The formation is 100 to 140 feet thick in south-eastern Indiana and dips and thickens to the southwest into the Illinois Basin, where it attains a thickness of well over 300 feet.
Unlike many other shale plays, the New Albany Shale in south-western Indiana is a continuous thick pay zone of brownish black to greenish gray shale, capped by a very thick, dense, gray-green shale (Borden Shale) which provides a very effective seal.
The New Albany lies at relatively shallow depths in terms of oil and gas drilling from 600 to 5,000 feet below the surface.
It is exposed at the surface on the Ohio River near New Albany, Indiana for which it is named. Production from the New Albany Shale has been occurring since 1858, however, a Gas Research Institute study, published in 1999, placed a spotlight on the potential of the New Albany Shale.
The study established that natural fracture orientation and patterns make horizontal drilling the key to unlock the potential of the play.
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