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

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

As Canshale fails to raise funds, Oilsands cancels oil shale asset sale

Aug 13, 2010

Oilsands Quest Inc. has cancelled the sale of its oil shale assets located near Pasquia Hills, Saskatchewan to Canshale Corp. as the company was unable to raise a minimum of CDN$12.5 million by July 30 – a condition of the agreement.

Reliance-Pioneer deal is month's largest

Aug 1, 2010 India's Reliance Industries and Dallas-based Pioneer Natural Resources announced a joint venture transaction in the highly prospective Eagle Ford Shale play in South Texas on June 24.

Avalon acquires oil sands leasehold in Missouri

Jul 12, 2010

Avalon Oil & Gas Inc. has agreed to acquire an undivided 100% working interest in a 320-acre leasehold in Vernon County, Missouri. The leasehold contains over 70 wellbores, with over 20 wellbores equipped for production.

ProSep snags $2M contract for Canadian Oil sands market

Jul 9, 2010

ProSep Inc. was awarded a US$2 million contract to provide process engineering and specialized internals for crude separation at steam-assisted gravity drainage facility located in Alberta’s oil sands.

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