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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

    WPX Energy sells Powder River Basin assets

    Sep 2, 2015

    WPX Energy has completed the divestiture of its remaining mature coalbed methane properties in Wyoming’s Powder River Basin and has scheduled a related sale of its membership interest in Fort Union Gas Gathering LLC to close in November.

     

    Far East Energy engages Whitley Penn, further extends term loan facility

    Jul 23, 2015

    Far East Energy Corp., which operates the Shouyang coalbed bethane (CBM) production sharing contract (Shouyang PSC) in Shanxi Province, People's Republic of China, has entered into an engagement letter with its independent registered accounting firm, Whitley Penn LLP, to conduct an audit of the company's 2014 financial results.

    Far East Energy secures new facility agreement and extension of term loan facility

    Jun 30, 2015

    Far East Energy (Bermuda), Ltd. (FEEB), a wholly owned subsidiary of Far East Energy Corp., has entered into a $4 million term loan facility agreement (TLFA), effective June 26, with the lenders party thereto; and, further announces that an extension of the maturity date of the existing $1.4 million original TLFA (OTLFA) that FEEB entered into on Feb. 24 with the lenders party thereto.

    Hydraulic fracturing market projected to continue growth

    Jun 26, 2015

    Transparency Market Research has released a new market report titled "Hydraulic Fracturing Market – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2014 – 2022" that says the global hydraulic fracturing market stood at 21.34 MHHP in 2013 and is expected to reach 33.97 MHHP by 2022 at a CAGR of 5.30% from 2014 to 2022. In terms of revenue, the global hydraulic fracturing market was valued at US$38,320 million and is estimated to reach US$66,059.42 million at a CAGR of 6.12% from 2014 to 2022.

    NuEnergy acquires Dart Indonesia's CBM assets in Sumatra, Kalimantan

    May 21, 2015

    NuEnergy Gas Ltd., an Australian gas and ancillary power generation development company focused on unconventional gas exploration and production in Indonesia, disclosed May 21 the conditional share purchase agreement with Dart Energy International Ltd. on May 20 to acquire 100% of the issued share capital of Dart Energy (Indonesia) Holdings Pte. Ltd.

    Far East Energy secures extension of existing loan facility

    May 4, 2015

    Far East Energy Corp., which operates the Shouyang Coalbed Methane production sharing contract in Shanxi Province, People's Republic of China, has secured an extension of the maturity date of its existing facility agreement with Standard Chartered Bank.

    Far East Energy enters into $4M term loan facility agreement

    Apr 10, 2015

    Far East Energy Corp. says that Far East Energy (Bermuda) Ltd., a wholly owned subsidiary of Far East Energy, has entered into a term loan facility agreement, effective April 8, with the lenders party thereto. 

    Far East Energy provides update on production and extension of loan facility

    Apr 3, 2015

    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, has provided an operations update. 

    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.

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