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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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 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.

Demand for oil assets running strong while demand for gas assets remains selective

Jun 11, 2013

PLS reports that from April 17 to May 16, 2013, the pace of US oil and gas deal activity is returning to normal with 45 deals for $2.1 billion while Canada activity remains sluggish with 10 deals for $240 million.

Warren Resources increases capital budget to drill 25 new Wyoming CBM wells

May 20, 2013

Warren Resources Inc. (Nasdaq:WRES) is increasing its 2013 capital expenditure budget by $15 million to $73 million.

Emerald Oil to sell Sand Wash Basin leases

Jan 8, 2013

Denver, CO-based Emerald Oil Inc. has executed an agreement to sell its interests in approximately 30,902 net mineral acres in the Sand Wash Basin to a private oil and gas company for approximately $10 million cash at $325 per acre.

Far East Energy extends agreement with Standard Chartered Bank

Dec 19, 2012

Houston-based Far East Energy Corporation [OTCBB: FEEC] said Dec. 19 that it has entered into an amendment to its bridge facility agreement with Standard Chartered Bank.

Bill Barrett to sell $335M in natural gas assets

Nov 1, 2012

Bill Barrett Corp.has signed a purchase and sale agreement with an affiliate of Vanguard Natural Resources LLC for the sale of certain of the company's non-core natural gas assets including all Wind River Basin natural gas producing properties, the Powder River Basin coal bed methane (CBM) assets and a working interest in its Gibson Gulch-Piceance Basin development property.

Indonesia: Re-energizing the Archipelago

Oct 1, 2012

For the first decade of the 21st century, the question troubling Indonesia's investors was: "Why is the country not growing as fast as the BRICS?" Yet, as Indonesia accelerated its growth to 6.37 percent in Q2 2012, and BRICS nations averaged out at 4.18 , that question has largely been muted.

Upstream News

Aug 1, 2012

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.

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