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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

    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

    Statoil, PTTEP swap Canadian oil sands assets

    Jan 31, 2014

    Statoil and the Thai exploration and production company PTTEP have signed an agreement to divide their respective interests in the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada.

    Total’s investment a big step for the future of UK shale - but don't get too excited just yet

    Jan 13, 2014

    On January 13th, 2014, French company Total confirmed that it had become the first global oil and gas major to invest in the burgeoning UK shale gas industry. This is a huge early milestone for the sector to have achieved, but Evaluate Energy argues that whilst this does bring the UK closer to widespread domestic onshore gas production, it will still be a long time before even the possibility of this becomes a reality.

    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.

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