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

International Unconventional

International Unconventional Description ImageThere has been substantial recent interest in shale gas potential in Eastern Europe. ExxonMobil has been working to identify shale gas resources in Germany and other large end-user markets. E&P companies have selected about a dozen basins in Europe for initial exploration, including the Cambrian Alum in southern Sweden, the Vienna Basin in Austria, multiple locations in Poland (especially the promising Gdansk Basin), the Weald Basin in England, the East Paris Basin in France (as well as two other locations in France), the Lower Saxony Basin in Germany and the very large Mako Trough in Hungary. China is another important area for shale gas, as is India. Chinese and American geologists have said that China’s shale gas potential is massive and could easily rival the largest basins in the US.

International Unconventional News

Unlocking the potential of shale gas in the UK energy mix

Jan 6, 2014

In mid-December 2013, the UK government published a report, known as the Strategic Environmental Assessment for Further Onshore Oil and Gas Licensing (the SEA), as part of the UK’s procedure for assessing the environmental effects of future onshore oil and gas licensing. Pursuant to the Draft Licensing Plan, the UK government is considering a total area of 100,000 square kilometres for future licensing. The SEA sets out the potential environmental and economic effects of further onshore oil and gas exploration and production activity in the UK, including shale oil and gas production, by comparing a “low activity” and a “high activity” scenario.

Study: EU domestic shale gas production could add one million jobs

Nov 25, 2013

The development of shale gas in Europe could add as many as one million jobs to the economy, make industry more competitive and decrease the region’s dependence on energy imports, according to a new study released today.

Poland energy organization says shale exploration moving too slowly

Nov 11, 2013

Kamlesh Parmar, chairman of the Polish Exploration and Production Industry Organization (OPPPW) believes Poland's shale gas program is progressing too slowly with projects being delayed due to government red tape.

IEA: Further action needed to diversify, strengthen Estonia's energy supply

Sep 20, 2013

The IEA also praised Estonia’s success in expanding the share of renewable energy, notably wind and biomass, but pointed to the need for forward-looking and more stable renewable energy policy to allow the country to go beyond EU-driven obligations.

S&P: Asia-Pacific's shale gas industry still nascent, but latent demand may spark growth

Sep 12, 2013

EV Energy Partners acquires Barnett Shale property

Sep 11, 2013

EV Energy Partners LP reports that, along with certain institutional partnerships managed by EnerVest, Ltd., has signed an agreement to acquire natural gas properties in the Barnett Shale from Carrizo Oil and Gas Inc.

Chevron, YPF sign agreement to develop Vaca Muerta shale

Jul 17, 2013

A subsidiary of Chevron Corp. (NYSE: CVX) signed an agreement with affiliates of the Argentine oil company YPF S.A. (NYSE: YPF) on July 16 that furthers the development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province.

Byles comments on French President Hollande's decision to rule out shale gas exploration

Jul 15, 2013

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.

Wood Mackenzie: Drilling activity in deepwater markets to reach unprecedented levels as sector leads in value creation

Jun 27, 2013

Drilling activity and spend will significantly increase in global deepwater markets over the next decade according to new analysis by Wood Mackenzie. The Future of Global Deepwater Markets study indicates well spend is expected to grow from US$43 billion in 2012 to US$114 billion in 2022, challenging the industry to keep up with this unprecedented growth.

All-Party Parliamentary Group on Unconventional Oil and Gas responds to announcements on UK shale gas

Jun 27, 2013

The UK government has announced findings from the first independent study conducted by the British Geological Survey (BGS) on the potential volume of shale gas in 11 counties in the North of England. BGS scientists estimated that there is likely to be some 40 trillion cubic meters (1,300 trillion cubic feet) of shale gas in the ground in this area.

Crew to purchase balance of Terra Energy's unconventional Montney assets

Jun 16, 2013

Crew Energy Inc. has exercised the option to purchase the balance of Terra Energy Corp.’s Montney assets in northeast British Columbia for $36 million.

Centrica acquires interest in UK shale exploration license

Jun 13, 2013

Centrica plc has acquired a 25% interest in the Bowland exploration license (PEDL165) in Lancashire from Cuadrilla Resources Ltd (Cuadrilla) and AJ Lucas for £40 million ($62.8 million) in cash.

Shale oil and shale gas resources are globally abundant

Jun 10, 2013

Estimated shale oil and shale gas resources in the United States and in 137 shale formations in 41 other countries represent 10% of the world's crude oil and 32% of the world's natural gas technically recoverable resources, or those that can be produced using current technology without reference to economic profitability, according to a new EIA-sponsored study released today (June 10, 2013).

Poland's shale gas future going up in smoke?

Jun 10, 2013

Poland appeared to be the country that would lead Europe into a shale gas fuelled future, gaining its independence from the Russian supply monopoly it has been craving for years, but it has been a torrent of bad news ever since.

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