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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

    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.

    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.

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