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

Oil Sands

Surprising to many, Canada is the No. 1 oil exporter to the United States. Increasingly, these supplies come from Canada’s oil sands in northern Alberta. That province’s estimated oil sands deposits are in excess of 1.7 trillion barrels of crude bitumen. More than $91 billion has been invested in the oil sands in recent years and over $170 billion in oil sands-related projects. Venezuela and California are also heavy oil producers.

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Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

Study: US must encourage development of Canadian oil sands, mitigation of CO2 emissions

Jun 11, 2012

To successfully reduce the United States' dependence on fuels from outside North America, the government must pursue policies that foster the diversion of Canadian oil sands crude to US Gulf Coast refineries, according to a new study by Rice University’s Baker Institute for Public Policy.

Surmont Energy completes $8.5M Alberta oilsands exploration program

Mar 23, 2012

Calgary-based private company Surmont Energy Ltd. has completed its winter 2011/2012 oilsands exploration program at the company’s oilsands leases located about 70 kilometres southwest of Ft. McMurray, Alberta.

Surmont receives initial results of oilsands drilling program

Feb 29, 2012

Calgary-based private company Surmont Energy Ltd. has begun to receive initial corehole results from its 2011/2012 Alberta oilsands drilling program.

Surmont Energy completes Alberta oilsands 3-D seismic program

Jan 17, 2012

Calgary-based private company Surmont Energy Ltd., in conjunction with its operating partner Bounty Developments Ltd., has completed field acquisition of a $3 million 13 square kilometer 3-D seismic program southwest of Ft. McMurray, Alberta.

PetroChina gains full ownership of Canadian oil sands project

Jan 5, 2012

On January 3, Canadian crude producer Athabasca Oil Sands Corp. announced it sold its remaining 40% interest in the MacKay River oil sands project to Cretaceous Oilsands Holdings Ltd., a wholly owned subsidiary of PetroChina International Investment Ltd.

Weekly Update: Asia intensifies North American asset grab

Dec 2, 2011

Government backed Asian companies made further moves for global oil and gas resources this week, with the target areas ranging from Canada and the United States to Australia.

Kinder Morgan to invest $210M to add new storage capacity at Edmonton Terminal

Nov 30, 2011

Pipeline and energy storage company Kinder Morgan Energy Partners LP said Wednesday that it will invest roughly $210 million to construct seven tanks with a storage capacity of 2.4 million barrels for crude oil and condensate at its Edmonton Terminal in Strathcona County, Alberta.

CNOOC completes OPTI acquisition

Nov 28, 2011

CNOOC Luxembourg S.a r.l, an indirect wholly-owned subsidiary of CNOOC Ltd., has completed its acquisition of OPTI Canada Inc. The total value of the consideration is approximately US$2.1 billion.

Total and Suncor form strategic alliance in Canada's oil sands

Dec 17, 2010

Korea buys shares from Osum Oil Sands

Nov 29, 2010

Osum Oil Sands Corp., a privately held Alberta based company, has entered into an agreement to issue to a wholly-owned subsidiary of Korea Investment Corp. 7,692,308 common shares at $13.00 per share for gross proceeds of $100 million.

Pelosi somewhat receptive to oil sands development

Sep 24, 2010

US House Speaker Nancy Pelosi and recently told Canadians that she was open minded about future oil sands development and interested in hearing “both sides of the story.”

Oilsands Quest looks to sell Eagles Nest, Pasquia Hills permits

Sep 23, 2010

Oilsands Quest Inc. is looking to sell its Eagles Nest oil sands lease and Pasquia Hills oil shale permits after determining the assets are “non-core.”

IHS CERA: Oil sands greenhouse gas emissions lower than commonly perceived

Sep 21, 2010

Fuels made from Canadian oil sands result in significantly lower greenhouse gas (GHG) emissions than many commonly cited estimates, according to a new comprehensive analysis by IHS Cambridge Energy Research Associates' (IHS CERA).

Athabasca Oil Sands to acquire Excelsior Energy

Sep 13, 2010

Athabasca Oil Sands Corp. has entered into an agreement to purchase all of the issued and outstanding shares of early stage oil sands company Excelsior Energy Ltd. for C$144 million with an attributed value to Excelsior’s oil sands assets and proprietary technology of roughly C$89 million.

MacNeill named acting CEO of Oilsands Quest, COO resigns

Sep 7, 2010

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