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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 enters into term loan facility agreement

    Mar 2, 2015

    Far East Energy Corp.’s wholly owned subsidiary Far East Energy (Bermuda) Ltd. has entered into a term loan facility agreement, effective Feb. 24, with the lenders party thereto. 

    Far East Energy extends existing loan facility

    Feb 23, 2015

    Far East Energy Corp., which operates the Shouyang coalbed methane (CBM) production sharing contract in Shanxi Province, People's Republic of China, has extended the maturity date of its existing facility agreement with Standard Chartered Bank.

    Far East Energy again extends existing loan facility

    Jan 16, 2015

    Far East Energy Corp. reports a further extension of the maturity date of its existing facility agreement with Standard Chartered Bank.

    AAG achieves milestones at Panzhuang CBM concession in China

    Jan 13, 2015

    AAG Energy Ltd., an independent coalbed methane (CBM) producer in China, focusing on the development and value optimization of unconventional gas resources to supply energy to the Chinese economy, says that the gross daily CBM production from its Panzhuang concession exceeded 50 million cubic feet per day on Dec. 24, 2014.

    Green Dragon Gas issues $88M corporate bond to fund drilling program

    Jan 7, 2015

    Green Dragon Gas Ltd., an independent company involved in the production and sale of coalbed methane gas in China, has issued its first public corporate bond into the debt capital markets and closed this initial issue at $88 million.

    Far East Energy arranges further extension of existing loan facility

    Jan 2, 2015

    Far East Energy Corp. reports a further extension of the maturity date of its existing facility agreement with Standard Chartered Bank (SCB). The maturity date of the facility agreement with SCB has been extended to Jan. 15.

    Far East Energy extends existing loan facility

    Dec 1, 2014

    Far East Energy Corp., the US-listed company that operates the Shouyang coalbed methane (CBM) production sharing contract in Shanxi Province, People's Republic of China, reports a further extension of the maturity date of its existing facility agreement with Standard Chartered Bank.

    Encana to sell Clearwater assets to Ember Resources for C$605M

    Oct 8, 2014

    Encana Corp. (TSX: ECA) (NYSE: ECA) has reached an agreement with Ember Resources Inc. to sell the majority of its Clearwater assets, located in southern and central Alberta, for approximately C$605 million.

    Far East Energy receives extension of existing loan facility

    Jul 11, 2014

    Far East Energy Corp., the US-listed company that operates the Shouyang coalbed methane production sharing contract in China's Shanxi Province, reports a further extension of the maturity date of its existing bridge facility with Standard Chartered Bank.

    Far East Energy extends exploration for Shouyang block Area B

    Dec 12, 2013

    Far East Energy Corp. reports  that, as a result of  negotiations concluded  Dec. 6 with China United Coalbed Methane Corp., the parties have extended the exploration period of the portion of the Shouyang block identified as “Area B” until June 30, 2016.

    Far East Energy provides 2013 drilling program update

    Aug 9, 2013

    Far East Energy Corp., which operates the Shouyang coalbed methane Production Sharing Contract (PSC) in Shanxi Province, People’s Republic of China, has recently updated the market on recent drilling and fracing activities.

    Far East Energy provides update on its 2013 drilling program

    Jul 18, 2013

    Far East Energy Corp. (OTCBB: FEEC) has nine new wells that have commenced drilling in the 21 days since the last 2013 drilling program update release issued on June 27, bringing to 52 the total number of wells spudded in 2013.

    EP Energy takes center stage as deal markets remain on the slow side

    Jul 11, 2013

    PLS reports that from May 17 to June 16, 2013, the pace of US oil and gas deal activity slowed to just 27 deals for $2.5 billion (versus 45 deals for $2.1 billion last month).

    PetroChina puts CBM drilling on hold

    Jul 10, 2013

    PetroChina is putting its coalbed methane (CBM) drilling on hold as complex geology and limited lifting technology have put a damper on the company’s lofty production targets, noted RBC Capital Markets analyst Peter Hutton July 8.

    GeoMet closes sale of Alabama coalbed methane assets

    Jun 17, 2013

    On June 14, 2013, GeoMet Inc. closed the previously announced sale of all of its coal bed methane properties located in the state of Alabama.

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