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

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.

Repsol buys into US unconventional hydrocarbons with Mississippi Lime JV

Jan 3, 2012

On December 22, Spain’s Repsol announced an agreement signed with Oklahoma City-based SandRidge Energy to buy nearly 363,636 net acres in the Mississippi Lime play.

Comstock Resources closes US332 million acquisition in Delaware Basin

Dec 29, 2011

Frisco, Tex.-based Comstock Resources Inc. (NYSE:CRK) said on Dec. 29 that it has closed the previously announced acquisition of oil and gas properties in the Delaware Basin in West Texas from Eagle Oil & Gas Co. and certain other parties for $331.9 million.