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  • 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.

    SECTIONS

    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

    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.

    Indonesia to accept offers on 24 blocks, including 9 CBM areas

    Nov 11, 2010

    The Indonesian government plans to offer 24 new oil and gas blocks for lease, plus an additional 9 coalbed methane (CBM) areas, according to an official with Indonesia’s energy and minerals ministry.

    Shell to sell Australian assets for $3.3 billion

    Nov 10, 2010

    Shell has agreed to sell part of its stake in Australia’s Woodside Petroleum Ltd. to equity investors for US$3.3 billion.

    British Columbia gets $760 million YTD for land sales

    Sep 27, 2010

    In August, the Canadian province of British Columbia sold $98 million in bonus bids in its natural gas and oil mineral rights sale, bringing the calendar year total to more than $760 million.

    ExxonMobil awards Multi-Zone Stimulation Technology license to Calfrac Well Services

    Sep 21, 2010

    Exxon Mobil Corp. will license its Multi-Zone Stimulation Technology (MZSTSM) well treatment process to Calfrac Well Services Ltd. of Calgary, Alberta, Canada.

    Europe's shale, CBM reserves are roughly equal to those in North America

    Sep 17, 2010

    European unconventional resources are on a par with North America, according to IHS CERA’s Jonathan Parry, but he expects the reserves will be developed much more slowly due to regulatory and environmental issues as well as commercial risk factors.

    China: CBM will make up one-third of unconventional gas supply by 2030, account for 14% of total domestic supply despite slow production growth

    Sep 2, 2010

    According to a recent Wood Mackenzie report, China’s coal bed methane (CBM) growth is currently slow but will make up one third of unconventional gas supply to the country in the long-term. This leaves room for emerging leader, PetroChina, to position itself either independently or with foreign partners as a player in the future of global unconventional gas.

    Sino Oil and Gas concludes agreement for CBM project in Shanxi, Shaanxi

    Jul 21, 2010

    Sino Oil and Gas Holdings Ltd. (formerly Genesis Energy Holdings Ltd.) has entered an acquisition agreement with an independent third party for the acquisition of the entire issued share capital of coalbed methane company Orion Energy International Inc. for roughly US$301 million.

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