Monterey Shale Activity

Despite large amounts of leasing activity, there has been relatively little drilling into newly leased acreages. While some exploratory wells have been drilled, 2013 promises to be the year that companies with a presence in the region will increase drilling throughout the Monterey Shale, so that they can learn the science and “lay of the land.”

The Monterey Shale contains both oil and gas, but predominantly oil. Oil has been extracted there since the late 1800s, but companies were not focused on Monterey because of historically low recovery rates. When new extraction techniques became popular during the last 10 years, production increased, the costs of extracting oil decreased, and the Monterey Shale play became popular once again. Some of the companies currently active in the area include:

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Monterey Shale Facts