What is the five year price environment of oil and its impact on the San Juan Basin? Saudi Arabia has surprised the global oil market with a “market share” strategy and challenged $100 oil expectations. Adjustments are under review by some operators. How does the breakeven price of light tight oil in New Mexico depend on OPEC, Aramco, world demand, productivity and infrastructure issues?
Supply and demand (price) is a Conference focus. Will the San Juan Basin, the Bakken, Permian and Eagle Ford repeat the natural gas oversupply history of the last five years?
As a geologic region, the San Juan Basin contains large deposits of coal, uranium and natural gas. Since 1980, the Fruitland Formation in the basin has been one of the major sources of coalbed methane in the United States. In 2007, the Basin produced 1.32 trillion cubic feet of natural gas, making it the largest source of natural gas in the U.S.
The San Juan Basin includes more than 4,000 square miles of rugged topography of plains and valleys and beautiful buttes, canyons and mesas. In addition to the culture and beauty of Chaco Canyon and Chacra Mesa, the San Juan Basin also has uplands that reach to more than 9,800 feet.