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

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.

Related Maps

Canadian Oil Sands
Canadian Oil Sands

Oil Sands News

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.

Total set to acquire UTS, interest in Fort Hills oil sands

Jul 7, 2010

Total E&P Canada Ltd. has agreed to acquire UTS Energy Corp. with its main asset, a 20% interest in the Fort Hills oil sands project in the Athabasca region of the Canadian province of Alberta, for C$1.5 billion (US$1.4 billion).

ConocoPhillips completes $4.6B sale of Syncrude interest to Sinopec

Jun 28, 2010

ConocoPhillips (NYSE:COP) has completed the $4.65 billion sale of its 9.03% interest in Syncrude with subsidiaries of refining giant Sinopec International Petroleum Exploration and Production Company (SIPC). 

As blame game over spill goes on, engineers are working to stop leak

Jun 1, 2010 The blame game goes on in Washington, Baton Rouge, Houston, and elsewhere.

Nexen sells Canadian heavy oil assets to Northern Blizzard for $975M

May 20, 2010

Canadian oil sands may become top source of crude oil imports to US in 2010

May 13, 2010

The Canadian oil sands have increasingly become an important source of global oil supply growth and are now poised to become the number one source of US crude oil imports in 2010, according to new research from the IHS CERA Canadian Oil Sands Dialogue.

Marathon evaluating Flying Dutchman prospect

May 10, 2010

Houston-based Marathon Oil Corp. said Monday, May 10, that it is evaluating a discovery well on the Flying Dutchman prospect, located on Green Canyon Block 511, in the Gulf of Mexico.

Nexen names Fox VP of international oil, gas

Apr 7, 2010

Canadian-based independent energy company Nexen Inc. has appointed Matt Fox as executive vice president, international oil and gas.

Susan MacKenzie named COO of Oilsands Quest

Mar 30, 2010

Oilsands Quest has appointed Susan MacKenzie as COO.

Devon, BP form Kirby oil sands joint venture

Mar 12, 2010

Devon Energy Corp. has formed a heavy oil joint venture with BP to develop BP's Kirby oil sands leases in Alberta, Canada. In order to facilitate the oil sands joint venture, Devon will acquire 50% of BP's interest in the Kirby oil sands leases.

Devon, BP enter $7B asset transaction, oil sands JV

Mar 11, 2010

Oklahoma City-based independent energy company Devon Energy Corp. has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil, and Azerbaijan to BP for $7 billion. The two companies also plan to form a heavy oil joint venture to develop BP's Kirby oil sands leases in Alberta, Canada.

Grizzly submits application for Algar Lake oil sands project

Mar 4, 2010

Grizzly Oil Sands ULC, a company in which Oklahoma City-based Gulfport Energy Corp. holds an approximate 25% interest, submitted an application to the Alberta Energy Resources Conservation Board and Alberta Environment for the development of an 11,300 barrel per day oil sands project at Algar Lake.

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