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.


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

Shell, CNPC to join in deepsea and shale operations

Apr 9, 2014

Royal Dutch Shell and the China National Petroleum Corp. (CNPC) have signed an agreement to work together in deepsea exploration, along with operations involving liquefied natural gas and unconventional gas sources like shale.

Duvernay - The Golden Canadian diluent play?

Apr 8, 2014

Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

JAPEX begins commercial shale oil production in Onnagawa formation

Apr 7, 2014

Japan Petroleum Exploration Co. Ltd. (JAPEX) has been preparing for Japan’s first demonstration experiment of tight formation multistage fracturing at the Onnagawa formation (shale oil formation), which is distributed in the Fukumezawa oil field (one of the Sarukawa oil fields in Oga City, located in Japan’s Akita Prefecture).

Total receives rights to explore Russian shale oil

Apr 5, 2014

Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to Reuters. Total will join other majors, ExxonMobil, Statoil, and Royal Dutch Shell, in developing Russian shale oil.

BNK Petroleum closes $35M bought-deal financing

Mar 27, 2014

BNK Petroleum Inc. has closed its bought-deal, short-form prospectus offering through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities LP, TD Securities Inc., and Cormark Securities Inc.

Cooper Energy reports new gas play discovered in South Australia

Mar 26, 2014

Cooper Energy Ltd. has identifed the potential for a new deep basin gas play in the Penola Trough of South Australia.

Stock market rewarded liquids-rich firms in 2013

Mar 13, 2014

Why Ukraine is important

Mar 13, 2014

Vladimir Putin has seized the Crimean peninsula on the Black Sea from Ukraine as this issue of Oil & Gas Financial Journal goes to press.

Drillsearch signs new JV agreement with QGC

Mar 10, 2014

Drillsearch Energy Ltd. has signed a binding term sheet with QGC Pty Ltd. over new terms covering their ATP 940P Cooper Basin shale and tight gas joint venture in central Australia.

OBL receives offer to explore Western Australia's Derby Block

Feb 26, 2014

Oil Basins Ltd. has received from the Western Australian Department of Mines and Petroleum formal offer documents and the Request for Grant pro-forma in respect of Application 5/07-8 EP (Derby Block) in Western Australia.

ZaZa Energy provides corporate update

Feb 10, 2014

ZaZa Energy Corp. has agreed with Hess to an early release of $15 million of ZaZa’s money held in escrow.

Halliburton signs unconventional resource development partnership with Russian university

Feb 6, 2014

Halliburton (NYSE: HAL) has signed a partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia, including the Bazhenov shale.

Tuscany International begins restructuring proceedings

Feb 4, 2014

Tuscany International Drilling Inc. reports that it and one of its subsidiaries, Tuscany International Holdings (USA) Ltd. have begun proceedings under Chapter 11 of the US Bankruptcy Code to implement a restructuring of the company's debt obligations and capital structure through a plan of reorganization.

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.

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