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

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

Ignition timing countdown: 1.4 Bcf/d increase in natural gas demand from methanol?

Feb 11, 2013

Could the construction of new production capacity for one chemical product result in a 1.4 Bcf/d increase in natural gas demand?  Yes it could - if all the methanol plants that have been announced and are on the drawing board get built. Of course, it is pretty unlikely that they will all get built, but even if only the best projects are completed, they will still consume a lot of gas. This article takes a look at the new plant construction numbers.

 

Shale resources driving resurgence, profitability for North American ethylene producers

Feb 6, 2013

According to a new IHS Chemical  global market study, abundant North American shale energy resources are driving chemical industry job growth, low-cost ethylene production, significant profitability and a competitive resurgence for the continent’s producers of ethylene, one of the most essential chemical building blocks in the petrochemical industry.

Industry Briefs

Feb 1, 2013

Laredo Petroleum de-risking acreage in Wolfcamp zones and Cline shale

Feb 1, 2013

AN INTERVIEW WITH RANDY FOUTCH, CHAIRMAN AND CEO OF LAREDO PETROLEUM

PGE and Universal Well Services team up to advance use of natural gas in hydraulic fracturing

Jan 23, 2013

PGE and Universal Well Services, announced Jan. 21 a partnership to convert a hydraulic fracturing operation in Pennsylvania from diesel fuel to a blend that relies instead on up to a 70% equivalent of natural gas.

BNSF Logistics acquires project cargo provider EP-Team Inc.

Jan 15, 2013

BNSF Logistics LLC, a third party logistics provider and wholly owned subsidiary of Burlington Northern Santa Fe LLC, a Berkshire Hathaway company, has acquired EP-Team Inc., a privately held global logistics project cargo provider.

The ethane asylum: Big time ethane rejection in the shale gas world

Jan 7, 2013

Ethane in Mont Belvieu posted at 22.5 cnts/gal on Friday, continuing the NGL’s descent into the abyss that started mid-2012. With natural gas prices hanging in there above $3.00/MMbtu, there is no doubt about it. We are deep into ethane rejection economics. Impending widespread rejection in the world of shale…a world of ultra-rich gas, deep ethane cuts, and constrained infrastructure.  Today we’ll drill down deep into the numbers. 

Shale gas production prompting national discourse about wider markets

Dec 27, 2012

A report published by research group IHS Inc. December 26 noted that the unconventional oil and gas revolutionizing America has prompted further discussion about the natural gas markets.

Israel moves ahead with IEI oil shale project

Dec 26, 2012

The Supreme Court of Israel has rejected a petition against the IEI oil shale project, clearing a legal roadblock and allowing the project to move forward to the permitting phase.

Chevron subsidiary acquires operating interest in Kitimat LNG project

Dec 26, 2012

Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat LNG project and proposed Pacific Trail Pipeline, and a 50% interest in approximately 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia, Canada.

SandRidge Energy to sell Permian assets for $2.6 billion

Dec 19, 2012

Oklahoma City-based SandRidge Energy Inc. said Dec. 19 that it has signed a definitive agreement to sell its Permian Basin properties to Sheridan Production Partners II, a privately held Houston-based oil and gas company, for $2.6 billion in cash.

Fluid Delivery opens new facility to provide service to Mississippi Lime drillers

Dec 18, 2012

Fort Worth, TX-based Fluid Delivery Solutions, an oilfield service company that specializes in water transfers for completions and location containment liners, has opened a Mississippian Lime yard in Alva, Oklahoma.

Magnolia Petroleum spuds first operated well in Mississippi Lime

Nov 20, 2012

London-based oil and gas exploration and production company Magnolia Petroleum plc, has spud its first operated well in the Mississippi Lime in Oklahoma.

Senator tells Platts that LNG and offshore revenue sharing are priorities

Nov 19, 2012

Oregon’s Democratic US Senator Ron Wyden, who is preparing to head the Senate Energy and Natural Resources Committee, believes the nation should move cautiously on natural gas exports but is open to sharing revenues from offshore oil and gas development in federal waters with state governments. Wyden made his comments Sunday on “Platts Energy Week,” an all-energy news and talk show program.

Long-term oil and gas M&A outlook best in 20 years, says Tudor

Nov 14, 2012

The long-term fundamental outlook for oil and gas mergers and acquisitions in North America is the best it’s been in the past 20 years, which is very good news for investors and energy companies.

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