BP made a potentially groundbreaking discovery in New Mexico, which could open up a new area for shale gas development. The oil major was drilling in a little-known area in northern New Mexico, in a place called the Mancos Shale. BP reported huge figures from the shale gas well, suggesting the Mancos could provide a massive new source of U.S. shale gas. The initial 30-day production rates of the new well hit 12.9 MMcf/d, a figure that tops horizontal wells in the highly prolific Eagle Ford shale, which often see wells producing 8-12 MMcf/d. The production figures are the highest in 14 years within the San Juan Basin, which encompasses southwest Colorado and northeast New Mexico, and includes the Mancos Shale.
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