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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

    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.

    Genesis Energy Holdings looks to acquire Shanxi CBM company

    Jun 30, 2010

    Oil and gas company Genesis Energy Holdings Ltd. has signed a an acquisition agreement with an independent third party for coalbed methane (CBM) company Orion Energy International Inc.

    Far East Energy Negotiates Shouyang CBM sales

    Jun 16, 2010

    Far East Energy Corp. has negotiated an agreement with its partner, China United Coal Bed Methane and Shanxi Provincial Guoxin to sell all production of coalbed methane (CBM) from the contract area covered by the Shouyang Production Sharing Contract. Far East will gfet 1.55 Rmb per cubic meter of gas, including new Chinese government subsidies, which equates to roughly $6.55 per Mcf.

    CNX sets $400M budget for 2010, earmarks $160M for Marcellus

    Jan 6, 2010

    CNX Gas Corp. has earmarked $400 million for shale programs and coalbed methane programs in 2010.

    Quicksilver has success in Horn River Basin

    Sep 30, 2009

    Quicksilver Resources Inc. has completed its first well in the Horn River Basin in Northeast British Columbia. The well tested at an initial production rate of 13 million cubic feet per day.

    Devon Energy ranks No. 1 in Barnett Shale

    Aug 1, 2009 Devon Energy Corp. takes top honors as the No. 1 producer in the Barnett Shale, and the company’s total gas production in that formation alone is enough for the Oklahoma City company to earn distinction as the overall leader in production from shale gas in the United States.

    Hydraulic fracturing: the current state of play

    Aug 1, 2009 Hydraulic fracturing is an increasingly important part of energy production in the US. While the technology has been used for 60 years to enhance production from oil and gas wells, today hydraulic fracturing is essential to making gas wells in many types of unconventional formations such as shales economically viable.

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