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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

    FX Energy closes new senior credit facility

    Jul 30, 2015

    FX Energy Inc. has finalized a new five-year, up-to-€90 million senior reserve based lending facility.

    San Leon Energy reduces Polish licenses

    Jul 21, 2015

    San Leon Energy is reducing its Polish licenses in order to secure near-term operational cash flow and focus on long-range goals.

    PKN ORLEN and PGNiG launch joint E&P project in Polish Podkarpacie region

    Jul 20, 2015

    ORLEN Upstream, a subsidiary of PKN ORLEN, has entered into a joint operating agreement with Polskie Górnictwo Naftowe i Gazownictwo SA company (PGNiG). The companies plan to jointly conduct analytic and research works in eight concession blocks in Podkarpackie Voivodeship.

    Companies plan to invest $38B in Argentine shale fields

    Jul 17, 2015

    Argentina’s YPF, Pan American Energy, and Wintershall plan to invest $38 billion over 35 years in the country’s vast Vaca Muerta shale formation, Reuters said, citing Jorge Sapag, the governor of Neuquén province.

    EIA: Outside North America, Argentina and China lead shale development

    Jul 1, 2015

    As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the US and Canada, and, more recently, Argentina and China, according to the US Energy Information Administration.

    Far East Energy secures new facility agreement and extension of term loan facility

    Jun 30, 2015

    Far East Energy (Bermuda), Ltd. (FEEB), a wholly owned subsidiary of Far East Energy Corp., has entered into a $4 million term loan facility agreement (TLFA), effective June 26, with the lenders party thereto; and, further announces that an extension of the maturity date of the existing $1.4 million original TLFA (OTLFA) that FEEB entered into on Feb. 24 with the lenders party thereto.

    Queensland seeks investor interest in released oil and gas resources

    Jun 22, 2015

    The Palaszczuk Government is seeking interest from around the globe in exploring for potentially-rich petroleum and gas resources of Queensland, Australia's far south-western corner.

    Antonoil secures tight oil development services contract in China

    Jun 10, 2015

    Anton Oilfield Services Group (Antonoil), an independent oilfield services provider in China, reported June 9 that the Group has won a bid for the provision of tight oil development services today covering horizontal well drilling and fracturing integration for two well projects in northwestern China. The contract value is estimated to stand at $8.5 million (CNY 53 million).

    Oil and gas in Egypt

    Jun 9, 2015

    North African Nation still a destination for global investment

    UKOOG and GMB reach landmark agreement on shale gas

    Jun 9, 2015

    United Kingdom Onshore Oil and Gas (UKOOG) and the GMB, a UK general trade union, have agreed on a joint charter on shale gas, focusing on safety, skills, and supply chain development.

    Conoco halts shale gas operations in Poland

    Jun 8, 2015

    ConocoPhillips has halted its shale gas exploration in Poland because of unsatisfactory results, Reuters says.

    CNPC discovers 100M tonnes of tight oil in Changqing field

    May 27, 2015

    China National Petroleum Corp. has discovered more than 100 million tonnes of tight oil in its Changqing field, said Reuters, citing company-run newspaper China Petroleum Daily.

    Questerre signs MOU to appraise, develop shale blocks in Jordan

    May 26, 2015

    Canada's Questerre Energy Corp. has entered into a memorandum of understanding with the Ministry of Energy and Mineral Resources of the Hashemite Kingdom of Jordan for the appraisal and development of oil shale acreage in Jordan.

    NZEC relinquishes East Cape permit in New Zealand

    May 22, 2015

    New Zealand Energy Corp. has relinquished Petroleum Exploration Permit (PEP) 52976 (East Cape) in the East Coast Basin of New Zealand’s North Island.

    Halliburton opens new HQ to support operations in Indonesia

    May 5, 2015

    Halliburton has opened its new Indonesian headquarters in Jakarta, following a ribbon-cutting ceremony held April 27. This facility serves as Halliburton’s headquarters for all of its business lines in Indonesia, which provide services to support customers’ activities in the country.

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