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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

    North American liquids production will reach 8 million bbl/d by 2020

    May 1, 2013

    Liquids production (oil, condensate, and natural gas liquids) from North American shale formations (includes tight oil plays) will most likely reach 8 million barrels per day by 2020, assuming current activity levels will remain constant and only minor changes will occur to the latest reported performance of wells and fleets.

    Evolving market dynamics of global LNG

    May 1, 2013

    The modern global LNG industry is approaching its 50th birthday in 2014. A massive amount of new LNG capacity has been proposed — as much as 350 million (metric) tonnes per year (mtpa) — which, if all were built, would more than double current capacity (of less than 300 mtpa) by 2025.

    US natural gas prices reach two-year high

    Apr 23, 2013

    Cutbacks in US natural gas drilling and production and higher North American demand combined to decrease storage levels and raise prices above $4/mmbtu in the first quarter of 2013, according to Ernst & Young Oil & Gas Center’s quarterly analysis.

    Plains All American to build pipeline for Permian crude oil takeaway

    Apr 16, 2013

    Plains All American Pipeline LP (NYSE: PAA) is constructing the Cactus Pipeline, a new 310-mile, 20-inch crude oil pipeline from McCamey to Gardendale, Texas.

    Poll: Support for hydraulic fracturing exceeds opposition

    Apr 11, 2013

    A recent University of Texas poll asked respondents what they thought about a variety of energy issues, not the least of which was hydraulic fracturing. Interestingly, the poll actually shows how anti-energy activists are losing in their misinformation campaign against responsible shale development.

    Court holds that BLM violated NEPA

    Apr 9, 2013

    A US District Court in Northern California has held that the US Bureau of Land Management violated the National Environmental Policy Act in its environmental assessment of federal leases in California by unreasonably relying on an earlier single-well development scenario that failed to adequately consider the development impact of fracking when used in combination with horizontal drilling techniques.

    Foreign investors play increasing role in US shale development

    Apr 8, 2013

    Investors from outside the United States are playing an increasingly vital role in the US tight oil and shale natural gas industry, according to the US Energy Information Administration. Joint ventures by foreign companies accounted for 20% of the $133.7 billion invested in US tight oil and shale gas plays between 2008 and 2012.

    Winds of Change Mexico's Hydrocarbon Renaissance

    Apr 1, 2013

    In the hands of its new steward, Mexico seems to be at the brim of a prodigious reincarnation that promises to usher in an era of wealth and a better life for Mexicans.

    Controversial journalist McAleer to premier documentary film 'FrackNation' in Philadelphia in response to 'Gasland'

    Mar 14, 2013

    Journalist and documentarian Phelim McAleer will be on hand for the Philadelphia premiere of his documentary film, “FrackNation,” on Wednesday, April 10, at the Bryn Mawr Film Institute.

    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.

    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

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