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

ConocoPhillips to sell additional $5 - $10 billion in assets

Mar 23, 2011

ConocoPhillips told the financial community in New York on March 22 that it plans to sell an additional $5-$10 billion of non-core assets over the next two years.

Murphy begins operation of Montney Tupper West gas plant

Feb 25, 2011

Murphy Oil Corp., through its wholly owned subsidiary, Murphy Oil Co. Ltd., has commenced operation at the Tupper West natural gas processing facility in northeastern British Columbia.

Lower Woodbine may be the new oil play to watch in southeast Texas

Feb 10, 2011

There is a new oil play to watch in southeast Texas that may be of interest to those fascinated by the Eagle Ford shale.

Talisman and Sasol to partner in Canada's Montney Shale

Dec 20, 2010

Calgary-based Talisman Energy has signed an agreement with South Africa’s Sasol Limited on Dec. 20 to create a strategic partnership to develop the Farrell Creek assets in Talisman’s Montney Shale play in northeastern British Columbia. Talisman will sell a 50% working interest in its Farrell Creek assets to Sasol for a total consideration of Can$1.05 billion (about US$1.03 billion).

Pipeline would transport Bolivian gas to Argentina's northeast

Dec 13, 2010

Argentina has approved plans for a pipeline to transport natural gas from Bolivia to Argentina’s northeast, which will reduce that region’s reliance on fuel oil, diesel, and LPG, according to the state regulatory agency, Enargas.

Energen buys Permian acreage from SandRidge for $110M

Dec 13, 2010

Energen Corp.’s oil and gas exploration and production company, Energen Resources Corp., has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $110 million plus standard closing adjustments.

Italy's Eni takes Barnett knowledge to Polish shale gas play

Dec 10, 2010

Italy-based Eni SpA is entering the European unconventional gas area by agreeing to acquire Minsk Energy Resources and become operator of three licenses in the Polish Baltic Basin.

Major shale find reported in Argentina

Dec 8, 2010

Argentina’s YPF claims it has discovered “huge volumes” of unconventional natural gas reserves in that country’s Neuquina Basin, south of Loma La Lata.

Baker Hughes launches environmentally preferred fracturing fluid systems

Dec 8, 2010

Baker Hughes Inc. has launched its BJ SmartCare™ family of environmentally preferred fracturing fluids and additives.

Poland's ORLEN seeks Ukrainian conventional, shale gas

Dec 7, 2010

Poland’s largest oil company, PKN ORLEN, has signed a cooperation agreement with the Ukrainian Ministry of the Environment for the exploration and production of conventional hydrocarbons and shale gas in the Ukraine.

Diamond Castle Holdings invests in Professional Directional Enterprises

Dec 6, 2010

Diamond Castle Holdings LLC has invested in Professional Directional Enterprises Inc., a large independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies.

Shale gas assets offer acquirers rich reserves, stable production

Dec 1, 2010 Chevron's announcement last month that it is acquiring Atlas Energy, a large acreage holder in Pennsylvania's gas-rich Marcellus shale play for $4.3 billion, is another sign that the long-term outlook for natural gas is positive.

Report says US can slash carbon emissions with natural gas

Nov 18, 2010

The shale gas boom could help the United States reduce greenhouse gas emissions even if Congress does not pass broad climate legislation, according to a Deutsche Bank report.

Americas Petrogas teams up with Apache in search of shale gas in Argentina

Nov 11, 2010

Americas Petrogas Inc. has entered into an agreement with Apache Energia Argentina SRL, a subsidiary of Apache Corp., to explore Huacalera block in the western region of Argentina's Neuquen Basin.

Global upstream spending for 2010 may reach $380B by year end

Nov 11, 2010

Analysis of companies’ investment plans by Wood Mackenzie reveals that global upstream capital spending in 2010 is likely to exceed US$380 billion, indicating that confidence has returned to many regions and sectors of the upstream industry, however recovery is not uniform.

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