• 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.


    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

    The mystery of the SCOOP in Oklahoma

    Jun 19, 2014

    A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the next big thing in US crude production, but it seems to have a lot going for it. Here, a look at SCOOP, its potential for crude production, and the E&P companies chasing the dream.

    A review of Thomas Petrie's Following Oil

    Jun 9, 2014

    Thomas Petrie's new book, Following Oil, published by the University of Oklahoma Press, offers substantive insight into the petroleum industry based on the author's more than four decades of experience as a banking executive, oil and gas analyst, and industry advisor.

    Permian becoming largest US tight oil play

    May 7, 2014

    Egdon Resources increases UK shale gas estimates ten-fold

    Apr 28, 2014

    Egdon Resources estimates that its UK shale gas licenses hold around 18 trillion cubic feet of gas, enough to supply Britain for more than 6 years, and 10 times more than its previous estimate, according to a Reuters report.

    EY: Shale gas exploration could pump $55B into Britain

    Apr 24, 2014

    An Ernst & Young report says that development of shale gas in Britain could potentially create more than 64,000 jobs and give local businesses a £33 billion ($55 billion) capital injection, as an estimated 4,000 lateral wells are expected to be drilled over 2016–2032.

    Crude Energy acquires working interest in Permian Basin

    Apr 2, 2014

    Crude Energy LLC has acquired a 50% working interest in 3,680 acres located in Sterling County, Texas, in the heart of the Permian Basin.

    PGNiG and Chevron to explore for Polish shale gas together

    Apr 1, 2014

    On March 31, Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) and Chevron Polska Energy Resources signed a collaboration agreement for shale gas exploration in southeastern Poland.

    GlobalData: China on track to meet 2015 shale goal; 2020 target challenging

    Apr 1, 2014

    Recent production surges and developments by major state-owned exploration companies show promise for China to meet its 2015 shale gas production goal, but its ambitious 2020 target remains distant and a shale gas ecosystem development has proven sluggish.

    Tight oil production pushes US crude supply to over 10% of world total

    Mar 26, 2014

    US tight oil production averaged 3.22 MMbbl/d in the fourth quarter of 2013, according to US EIA estimates. This level was enough to push overall crude oil production in the US to an average of 7.84 MMbbl/d, more than 10% of total world production, up from 9% in the fourth quarter of 2012.

    Why Ukraine is important

    Mar 13, 2014

    Vladimir Putin has seized the Crimean peninsula on the Black Sea from Ukraine as this issue of Oil & Gas Financial Journal goes to press.

    Today’s deal markets signify diversity in the US and around the globe

    Mar 13, 2014

    PLS Inc. wishes to extend Oil & Gas Financial Journal and its dedicated team congratulations on 10 years of providing critical market intelligence on the oil and gas industry.

    US chemical investment linked to shale gas reaches $100B

    Feb 21, 2014

    The American Chemistry Council (ACC) reports that potential US chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids from shale formations has topped $100 billion.

    Breitling acquires rights to Permian Basin acreage

    Feb 21, 2014

    Breitling Energy Corp. has entered into a farm-out agreement with Steller Energy and Investment Corp., which had previously entered into an agreement with Clayton Williams Energy Inc. for the exploration and development of 3,680 acres in Sterling County, Texas.

    Diamondback Energy to acquire Permian acreage

    Feb 19, 2014

    Diamondback Energy Inc. has entered into definitive purchase agreements with unrelated third-party sellers to acquire additional leasehold interests in Martin County, Texas, in the Permian Basin, for an aggregate purchase price of $174 million.

    San Leon, Baker Hughes team up on Polish shale

    Feb 13, 2014

    UK-listed gas explorer San Leon and US oil services firm Baker Hughes have signed a letter of intent to jointly develop Poland's Skiekierki shale gas field, according to Reuters.

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