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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 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

    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.

    High end of IGas Energy shale gas potential estimates reach 170 tcf

    Jun 3, 2013

    According to a new study by IGas Energy plc, the company’s licensed acreage northwest of England may hold up to 170 trillion cubic feet of shale gas.

    Northern Petroleum to be issued shale oil license in South Australia

    May 29, 2013

    A subsidiary of Northern Petroleum is the successful bidder for 100% of Petroleum Exploration License (PEL) 629 covering an area of 5,800 square kilometers with shale oil prospectivity in a lightly explored, but producing portion of the onshore Otway Basin, the Government of South Australia said.

    National oil companies reshape the playing field

    May 1, 2013

    As the balance of power in the oil industry shifts from large international oil companies (IOCs) to national oil companies (NOCs), business models for players throughout the industry are shifting in response.

    Global impact of North American shale gas boom forces Qatar to shift focus

    Apr 16, 2013

    The global impact of the US shale gas boom was in further evidence this week as Qatar Petroleum, along with its MOU partner, Centrica, made its first move into the North American E&P market in a $1 billion acquisition of Canadian assets from Suncor Energy. North America had been earmarked by Qatar as a guaranteed market to sell its copious LNG export capacity in, but the US Shale boom has turned this idea on its head, as the middle-eastern NOC becomes the latest foreign power to move into the North American E&P arena.

    Foreign investors play increasing role in US shale development

    Apr 8, 2013

    Investors from outside the United States are playing an increasingly vital role in the US tight oil and shale natural gas industry, according to the US Energy Information Administration. Joint ventures by foreign companies accounted for 20% of the $133.7 billion invested in US tight oil and shale gas plays between 2008 and 2012.

    Northern Petroleum acquires Northern Alberta assets

    Mar 21, 2013

    Northern Petroleum Plc (AIM: NOP) acquired additional leases in Canada following the Alberta Crown lands sale that took place March 20, 2013.

    ConocoPhillips, PetroChina team up for unconventional natural gas exploration

    Feb 21, 2013

    Houston-based oil and gas giant ConocoPhillips (NYSE: COP) has teamed up with China’s largest oil and gas producer, PetroChina Company Ltd. (PetroChina) on agreements targeting the unconventional resource space in Western Australia and in China’s Sichuan Basin.

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