Thackney,
What are you hearing about Monteray Shale oil?
Since the Cal Governor has now opened this area up, I have heard that this has much bigger potential than the Balkan Shale.
Please enlighten us/me.
That the formation is going to be difficult and expensive to produce. There are so many fractures that isolate it into lots of individual plays as well as the ability to flow to the individual wells.
I have heard that this has much bigger potential than the Balkan Shale.
I don't think that is true. Be careful you are not reading oil in place and comparing it to technically, economically producible amounts from the Bakken.
http://fuelfix.com/blog/2013/05/30/chevron-ceo-jury-still-out-on-monterey-shale/
And of course the politics there slow everything productive down.
http://fuelfix.com/blog/2013/10/29/california-fracking-study-may-take-18-months-governor-says/
imho the next unheard of oil play will come out of northern arizona and nevada. however, much of the nevada parts of the oil play will be locked up by the feds. But next year we may hear of some significant deposits in northern arizona