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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

    Other Unconventional

    Other Unconventional Description ImageIn addition to the well-known gas shale plays like the Barnett, Haynesville, Marcellus, and Eagle Ford, and oil plays like the Bakken, there are perhaps dozens of smaller, less well-known resource plays, many of which are in the very early stages of exploration and development. Some of the plays are shale and others are tight gas or coalbed methane. Many are in the United States and Canada, but increasingly exploration and production companies are using modern drilling and production technology to develop natural gas and oil from unconventional subsurface formations in Europe and Asia. Doubtless, unconventional resources eventually will be exploited in Africa, South America, and Australia as well. What we call “unconventional” today will be considered “conventional” in time.

    Other Unconventional News

    Cross Border Resources increases Wolfberry acreage

    Jun 17, 2011

    San Antonio, Tex.-based Cross Border Resources Inc. (OTCQX: XBOR) has executed a participation agreement in the Big Star Six Shooter project targeting 320 gross acres within the Wolfberry Trend, Dawson County, Texas.

    Petronas to pay $1.1B to enter North American shale gas space

    Jun 2, 2011

    Canadian natural gas company Progress Energy Resources Corp. has agreed to sell 50% of its working interest in certain British Columbia shale assets to Malaysian national oil company, Petronas, for $1.1 billion.

    ConocoPhillips to sell additional $5 - $10 billion in assets

    Mar 23, 2011

    ConocoPhillips told the financial community in New York on March 22 that it plans to sell an additional $5-$10 billion of non-core assets over the next two years.

    Murphy begins operation of Montney Tupper West gas plant

    Feb 25, 2011

    Murphy Oil Corp., through its wholly owned subsidiary, Murphy Oil Co. Ltd., has commenced operation at the Tupper West natural gas processing facility in northeastern British Columbia.

    Lower Woodbine may be the new oil play to watch in southeast Texas

    Feb 10, 2011

    There is a new oil play to watch in southeast Texas that may be of interest to those fascinated by the Eagle Ford shale.

    Talisman and Sasol to partner in Canada's Montney Shale

    Dec 20, 2010

    Calgary-based Talisman Energy has signed an agreement with South Africa’s Sasol Limited on Dec. 20 to create a strategic partnership to develop the Farrell Creek assets in Talisman’s Montney Shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of Can$1.05 billion (about US$1.03 billion).

    Pipeline would transport Bolivian gas to Argentina's northeast

    Dec 13, 2010

    Argentina has approved plans for a pipeline to transport natural gas from Bolivia to Argentina’s northeast, which will reduce that region’s reliance on fuel oil, diesel, and LPG, according to the state regulatory agency, Enargas.

    Energen buys Permian acreage from SandRidge for $110M

    Dec 13, 2010

    Energen Corp.’s oil and gas exploration and production company, Energen Resources Corp., has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $110 million plus standard closing adjustments.

    Italy's Eni takes Barnett knowledge to Polish shale gas play

    Dec 10, 2010

    Italy-based Eni SpA is entering the European unconventional gas area by agreeing to acquire Minsk Energy Resources and become operator of three licenses in the Polish Baltic Basin.

    Major shale find reported in Argentina

    Dec 8, 2010

    Argentina’s YPF claims it has discovered “huge volumes” of unconventional natural gas reserves in that country’s Neuquina Basin, south of Loma La Lata.

    Baker Hughes launches environmentally preferred fracturing fluid systems

    Dec 8, 2010

    Baker Hughes Inc. has launched its BJ SmartCare™ family of environmentally preferred fracturing fluids and additives.

    Poland's ORLEN seeks Ukrainian conventional, shale gas

    Dec 7, 2010

    Poland’s largest oil company, PKN ORLEN, has signed a cooperation agreement with the Ukrainian Ministry of the Environment for the exploration and production of conventional hydrocarbons and shale gas in the Ukraine.

    Diamond Castle Holdings invests in Professional Directional Enterprises

    Dec 6, 2010

    Diamond Castle Holdings LLC has invested in Professional Directional Enterprises Inc., a large independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies.

    Shale gas assets offer acquirers rich reserves, stable production

    Dec 1, 2010 Chevron's announcement last month that it is acquiring Atlas Energy, a large acreage holder in Pennsylvania's gas-rich Marcellus shale play for $4.3 billion, is another sign that the long-term outlook for natural gas is positive.

    Report says US can slash carbon emissions with natural gas

    Nov 18, 2010

    The shale gas boom could help the United States reduce greenhouse gas emissions even if Congress does not pass broad climate legislation, according to a Deutsche Bank report.

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