• Unconventional Oil & Gas

    Shale plays first come to mind when one considers unconventional resources. These unconventional resource plays may yield natural gas, gas condensates, and crude oil. Some of the more noteworthy shale plays in North America include the Bakken, Eagle Ford, Marcellus, Fayetteville, Woodford, Niobrara, Haynesville, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.


    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

    Coalbed Methane

    Coalbed Methane (CBM) ImageCoalbed methane, or CBM, is a natural gas produced from coal seams or adjacent sandstones. In 1994, US coalbed methane reserves were 9.38 tcf, which was less than 6% of the domestic natural gas reserves. Production in 1994 was 777 bcf, or 4% of the natural gas production of the lower 48 states. Commercial production occurs in approximately 10 US basins. The major producing areas are the San Juan, Black Warrior, and Central Appalachian basins. CBM plays are now international with tests or pilot projects in about 15 countries. Coalbed methane is produced in Queensland, Australia, and the UK, and pilot projects are underway in China and India. Independent operators are the most active CBM exploration companies in the US. Internationally, both majors and independents are actively seeking to expand the industry.

    Coalbed Methane Map

    Canadian Oil Sands

    CBM News

    Demand for oil assets running strong while demand for gas assets remains selective

    Jun 11, 2013

    PLS reports that from April 17 to May 16, 2013, the pace of US oil and gas deal activity is returning to normal with 45 deals for $2.1 billion while Canada activity remains sluggish with 10 deals for $240 million.

    Warren Resources increases capital budget to drill 25 new Wyoming CBM wells

    May 20, 2013

    Warren Resources Inc. (Nasdaq:WRES) is increasing its 2013 capital expenditure budget by $15 million to $73 million.

    Emerald Oil to sell Sand Wash Basin leases

    Jan 8, 2013

    Denver, CO-based Emerald Oil Inc. has executed an agreement to sell its interests in approximately 30,902 net mineral acres in the Sand Wash Basin to a private oil and gas company for approximately $10 million cash at $325 per acre.

    Far East Energy extends agreement with Standard Chartered Bank

    Dec 19, 2012

    Houston-based Far East Energy Corporation [OTCBB: FEEC] said Dec. 19 that it has entered into an amendment to its bridge facility agreement with Standard Chartered Bank.

    Bill Barrett to sell $335M in natural gas assets

    Nov 1, 2012

    Bill Barrett Corp.has signed a purchase and sale agreement with an affiliate of Vanguard Natural Resources LLC for the sale of certain of the company's non-core natural gas assets including all Wind River Basin natural gas producing properties, the Powder River Basin coal bed methane (CBM) assets and a working interest in its Gibson Gulch-Piceance Basin development property.

    Indonesia: Re-energizing the Archipelago

    Oct 1, 2012

    For the first decade of the 21st century, the question troubling Indonesia's investors was: "Why is the country not growing as fast as the BRICS?" Yet, as Indonesia accelerated its growth to 6.37 percent in Q2 2012, and BRICS nations averaged out at 4.18 , that question has largely been muted.

    Upstream News

    Aug 1, 2012

    Far East Energy releases report indicating high potential in Shouyang CBM Block

    Jul 11, 2012

    Far East Energy Corp. announced today the release of an independent engineering report prepared by Resource Investment Strategy Consultants with respect to its coalbed methane contingent resources located in its Shouyang block in Shanxi Province, China as of December 31, 2011.

    CHINA: An Unconventional Direction

    Jul 1, 2012

    In March of this year, China's Ministry of Land and Resources announced that China likely has the largest reserves of shale gas in the world, estimated at 886 trillion cubic feet (TCF). The authorities had by then already trumpeted their ambitions of commercializing shale by 2015.

    Toyota Tsusho invests heavily in Alberta CBM play

    Apr 21, 2012

    Calgary-based Encana Corporation (TSX, NYSE: ECA) has reached an agreement with Toyota Tsusho Wheatland Inc., a subsidiary of Toyota Tsusho Corporation, that will see the Japanese company invest approximately C$602 million (US$608 million) to acquire a 32.5% royalty interest in natural gas production from a portion of Encana’s coalbed methane (CBM) resource play.

    More positive results for Far East Energy Shouyang Block appraisal wells

    Jan 26, 2012

    Far East Energy Corp. confirmed positive test results from three more appraisal wells located at significant distances from the 1H Pilot Area in the company’s Shouyang Block.

    Far East Energy signs extension agreement for Yunnan Coalbed Methane contract

    Jan 9, 2012

    Far East Energy Corp. has signed a Modification Agreement extending the exploration period of its Production Sharing Contract in Yunnan Province. 

    GeoMet provides update on pending purchase of CBM assets in Alabama, West Virginia

    Oct 26, 2011

    GeoMet said Oct. 26 that it has been advised by the seller that the party holding the preferential purchase right on certain of the coalbed methane (CBM) properties in West Virginia, with an allocated value of $23.4 million, has irrevocably waived such right.

    Netherland Sewell estimates Shouyang Block Gas-in-Place for Far East Energy

    Nov 18, 2010

    First third-party engineering firm assessment of entire block puts OGIP at roughly 7.0 tcf.

    Environmentalists in self-defeating war on hydraulic fracturing

    Nov 17, 2010

    Environmentalists are engaged in a misguided legislative battle against a drilling method that increases our reserves of natural gas - an environmentally sound and economical energy source.

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