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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

    First 45 days of 2013 slow, but Asian NOCs and MLPs remain strong buyers

    Mar 1, 2013

    For valuation benchmarks, PLS Inc. has reviewed traditional and conventional property deals in the US during the last six months.

    Lemons to lemonade

    Mar 1, 2013

    Water and transport management challenges can be turned into a competitive advantage.

    Standard & Poor's revises oil and natural gas price assumptions

    Feb 13, 2013

    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.

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