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

NEOS GeoSolutions delivers results of Neuquen basin study in Argentina

Dec 28, 2012

On Dec. 28, Houston-based NEOS GeoSolutions Inc. said it had delivered the final results for Phase I of its integrated geological and geophysical study in Argentina’s Neuquén Basin to the project’s underwriters, a group that includes a North American supermajor.

ZaZa Energy sells its French assets to Vermilion Energy

Dec 27, 2012

Houston-based ZaZa Energy Corporation [NASDAQ: ZAZA] said Dec. 27 that it has completed the sale of its French assets, comprising 100% of the shares of ZaZa Energy France SAS (ZEF), to Vermilion REP SAS, a wholly-owned subsidiary of Vermilion Energy Inc., for a gross purchase price of US$85.8 million.

Concerns about fracing are causing Europe to miss out on shale gas boom

Dec 26, 2012

Europe’s loss is the United States’ gain with respect to shale gas production, says the chief executive of the world’s largest petrochemical group.

Israel moves ahead with IEI oil shale project

Dec 26, 2012

The Supreme Court of Israel has rejected a petition against the IEI oil shale project, clearing a legal roadblock and allowing the project to move forward to the permitting phase.

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.

High gas prices force UK to offer tax incentives for shale gas development

Dec 5, 2012

The government of the United Kingdom is set to announce a number of tax incentives on Dec. 6 for the development of shale gas and is creating a new department (the Office for Unconventional Gas) in order to coordinate activities in the sector.

Report calculates Colombian oil prospects for Sintana Energy

Nov 21, 2012

Sintana Energy Inc. has released results of an independent report detailing prospects for conventional and unconventional resources on its 43,000 acre block in Colombia.

Fortescue invests in WA unconventional gas space

Nov 15, 2012

Fortescue, the world’s fourth largest iron ore producer, has entered the Western Australia unconventional gas space with an investment in Oil Basins Ltd., reported the Australian Associated Press (AAP).

ExxonMobil, Sintana sign farmout agreement for Colombian unconventional resources

Nov 13, 2012

Sintana Energy Inc. has entered into a farmout agreement with Exxon Mobil Corp. for the exploration and development of unconventional oil and gas resources underlying the 43,000 acre VMM-37 Block in Colombia's Middle Magdalena Basin.

Total gains access to Australian shale gas acreage

Nov 7, 2012

ASX-listed junior oil and gas exploration and production company Central Petroleum has engaged in a farm-out agreement with France’s Total for exploration of six million acres in the Southern Georgina Basin of Australia prospective for shale gas.

BNK Petroleum provides update on Poland Gapowo B-1 well

Oct 31, 2012

BNK Petroleum Inc., through its wholly owned subsidiary Indiana Investments Sp. z o.o., has received additional data on the whole core from the Gapowo B-1 well in Poland.

TransAtlantic Petroleum provides update on horizontal producing well in Turkey

Oct 31, 2012

TransAtlantic Petroleum Ltd. has provided initial production results of the Goksu-3H, the company's first horizontal producing well in Turkey.

Liberty Energy encouraged by neighboring Transatlantic natural gas asset in Bulgaria

Oct 25, 2012

Houston, TX-based Liberty Energy Corp. has provided an update on its Bulgarian natural gas asset.

3Legs Resources names new CEO, focuses attention on Poland shale gas

Oct 18, 2012

3Legs Resources plc, an independent oil and gas group focusing on the exploration and development of unconventional oil and gas resources, has named Kamlesh Parmar as CEO.

Petsec adds to Alberta shale play acreage

Sep 27, 2012

Petsec Energy Ltd. has expanded its shale oil project area in the Western Sedimentary Basin of Alberta, Canada, the company said September 26.

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