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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

    JBL Energy Partners and Terrace Energy form JV on Woodbine prospect

    Jun 20, 2012

    JBL Energy Partners, an oil and natural gas exploration and production company, and its partners, said June 20 that it has entered into a joint venture partnership with Terrace Energy LLC in Fort Worth, Texas on one of its Woodbine prospects.

    Apache provides details about its liquids-rich portfolio

    Jun 15, 2012

    Houston-based Apache Corporation [NYSE, Nasdaq: APA] on June 14 released a new, detailed resource estimate of its oil- and liquids-rich portfolio, including substantial holdings in the Permian Basin and Anadarko Basin, recently acquired acreage in the liquids-rich Mississippian Lime and Williston Basin resource plays, and significant new plays and oil exploration prospects in Canada, Argentina, Alaska, and Kenya.

    Aqua-Chem names two execs to finance, engineering posts

    Apr 17, 2012

    Knoxville, Tenn.-based Aqua-Chem, Inc. has named Thomas Gillcrist as CFO and Ron Shook as pharmaceutical applications engineer. They will report directly to David Gensterblum, president and CEO.

    Chesapeake monetizes assets in 3 plays

    Apr 9, 2012

    _On April 9 Oklahoma City-based Chesapeake Energy Corporation (NYSE:CHK) announced three oil and gas asset monetization transactions for total proceeds of approximately $2.6 billion in cash.

    Atlas Resources, Equal Energy partner to develop Oklahoma Mississippian oil play

    Apr 4, 2012

    Equal Energy Ltd. has agreed to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil to Atlas Resources Partners LP for total cash consideration of roughly US$18 million.

    IHS describes complexity of Bone Spring oil play

    Mar 26, 2012

    American Standard acquires Permian Basin, Williston Basin, Eagle Ford assets from private company

    Mar 16, 2012

    On March 5, American Standard Energy Corp. closed and funded its acquisition of roughly 72,300 net acres and approximately 250 barrels of oil equivalent per day of production from privately-held Geronimo Holding Corp.

    EnerJex has drilling success in Mississippian project

    Mar 14, 2012

    Quebec’s Anticosti Macasty comparable to Utica Shale says Petrolia

    Feb 22, 2012

    Results of a petrophysical study conducted by Schlumberger Canada Ltd. show that the Anticosti Macasty in Quebec can be compared with the Utica Shale in Ohio, said Petrolia Inc. February 21.

    Forest Oil expands Permian Basin Wolfbone Oil play acreage

    Feb 16, 2012

    Forest Oil Corp. announced its acreage position of 68,500 gross acres (63,000 net) prospective for the Wolfbone oil play in Pecos and Reeves Counties, Texas.

    Venoco files proxy for take-private offer

    Feb 14, 2012

    Venoco Inc., an independent energy company with substantial holdings in California’s oily Monterey Shale, filed its proxy for the take-private offer of $12.50 per share in cash.

    Petrodyne adds reserves in Mississippian Lime oil play

    Feb 14, 2012

    Petrodyne Resources Ltd., a domestic onshore oil exploration company, has acquired additional PUD acreage in the core of the Horizontal Mississippi Lime Oil Play in Northwest Oklahoma. 

    Apache to acquire Cordillera Energy Partners for $2.85B

    Jan 23, 2012

    Apache Corp. has agreed to acquire Denver-based Cordillera Energy Partners III LLC, a privately held company with substantial operations that include approximately 254,000 net acres in the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle, for $2.85 billion.  

    Monterey Shale’s Venoco plans merger

    Jan 17, 2012

    Venoco Inc., an independent energy company with substantial holdings in California’s oily Monterey Shale, said Jan. 16 that it has entered into a definitive merger agreement under which Timothy M. Marquez, Venoco’s chairman and CEO, who controls 50.3% of Venoco’s common stock, will acquire Venoco through a wholly owned entity, Denver Parent Corp.

     

    Sinopec invests US$2.2B in Devon Energy emerging play acreage

    Jan 3, 2012

    Devon Energy Corp. has signed an agreement with Sinopec International Petroleum Exploration & Production Corp. whereby SIPC will invest $2.2 billion in exchange for one-third of Devon’s interest in five emerging plays.

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