While the Fort Worth Barnett, Woodford and Fayetteville shales may well be headed toward an aggregate daily production level of 4- to 5 billion cubic feet in just a matter of a few years-assuming $6-plus gas prices-the Canadian Maritimes could be the next hot shale trend in North America. This is the view of Irene Haas, Houston-based E&P research analyst for investment banker Canaccord Adams. While her initial focus for the next big shale play in various basins around the world had originally been in Western Canada, she now believes the Canadian Maritimes could be ahead of the pack as the hot new shale play. For more on this, see the December issue of Oil and Gas Investor. For a subscription, call 713-260-6441.
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