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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

    NYTEX acquires acreage in Mississippi Lime formation in North Texas

    Sep 29, 2011

    NYTEX Energy Holdings Inc. has acquired 5,447 leasehold acres in North Texas to commence development of the Mississippi Lime oil formation at depths between 4,000 and 5,000 feet.

    Corridor Resources begins drilling Frederick Brook shale well

    Sep 28, 2011

    Nova Scotia, Canada-based Corridor Resources Inc. has spud the vertical Will DeMille O-59 shale gas appraisal well, an offset to the Will DeMille G-59 horizontal well drilled in 2010, in order to advance the Frederick Brook Shale program.

    Praxis Mutual Funds calls for hydraulic fracturing transparency

    Sep 20, 2011

    Praxis Mutual Funds has called on oil and gas companies to provide additional disclosures regarding the environmental and financial risks associated with their hydraulic fracturing (natural gas drilling) operations.

    Southern Union plans $235 million midstream expansion in Permian basin to support Avalon Shale development

    Aug 23, 2011

    Southern Union Company has approved construction of the $235 million Red Bluff Project, a 200 MMcf/d natural gas processing plant and associated gathering, compression, and treating facilities, through its midstream segment, Southern Union Gas Services (SUGS).

    Wood Mackenzie expects strong prospective value growth in upstream oil and gas

    Aug 22, 2011

    Research and consulting firm Wood Mackenzie dispels talk that the oil and gas business is a “sunset industry” in a new report titled “The changing face of upstream value.”

    Two possible trends emerge as BHP Billiton acquires Petrohawk

    Jul 18, 2011

    Days after the July 14 announcement by Australia’s BHP Billiton Ltd. of its acquisition of Houston-based Petrohawk Energy Corp. for US$15.1 billion, analysis about future trends in the highly attractive unconventional resources space began to surface.

    On leading edge of domestic natural gas use, Chesapeake unveils natural gas initiative

    Jul 12, 2011

    On Monday, natural gas champion Chesapeake Energy unveiled its three pronged plan to transform the US transportation fuels market and reduce OPEC Oil imports.

    Cross Border Resources increases Wolfberry acreage

    Jun 17, 2011

    San Antonio, Tex.-based Cross Border Resources Inc. (OTCQX: XBOR) has executed a participation agreement in the Big Star Six Shooter project targeting 320 gross acres within the Wolfberry Trend, Dawson County, Texas.

    Petronas to pay $1.1B to enter North American shale gas space

    Jun 2, 2011

    Canadian natural gas company Progress Energy Resources Corp. has agreed to sell 50% of its working interest in certain British Columbia shale assets to Malaysian national oil company, Petronas, for $1.1 billion.

    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.

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