More Unconventional Resources News

Athabasca presses Montney, Nordegg light oil work

Feb 7, 2012

Athabasca Oil Sands Corp., Calgary, reported completion of Montney and Nordegg multistage fractured horizontal wells at Kaybob in the Deep Basin of Alberta.

Canada, Alberta commit to 'improve' environmental monitoring of oil sands

Feb 6, 2012

The governments of Canada and Alberta, stung by the recent US decision to postpone development of the Keystone XL crude oil pipeline project, have agreed to step up their monitoring of the environmental effects of oil sands developments.

PetroChina to buy 20% of Shell's Canadian shale gas assets

Feb 6, 2012

PetroChina, a unit of China National Petroleum Corp., has signed a binding agreement to purchase a 20% stake in Royal Dutch Shell PLC’s Groundbirch assets in northeastern British Columbia.

ExxonMobil licenses oil sands steam system

Feb 2, 2012

ExxonMobil Upstream Research Co. has award the first license for a patented steam injection system in use in the Cold Lake oil sands project in Alberta to Baker Hughes.

MEG Energy's Christina Lake reserves up 17%

Feb 2, 2012

MEG Energy, Calgary, said an independent analysis boosted its proved reserves of bitumen in the Christina Lake area of Alberta’s southern Athabasca region by 17% last year to 708 million bbl.

Grizzly to buy, develop oil sands acreage

Feb 1, 2012

Grizzly Oil Sands UIC has agreed to buy Petrobank Energy & Resources Ltd.’s May River oil sands acreage in northern Alberta and plans to develop it with modular steam-assisted gravity drainage technology.

More processing, fractionation planned for Marcellus, Utica shales

Feb 1, 2012

MarkWest Energy Partners LP, Denver, will add more than 600 MMcfd of processing capacity for the Marcellus and Utica shales, as well as 140,000 b/d of fractionation, the company reported.

US on brink of strong oil, gas growth, Senate panel told

Jan 31, 2012

Higher crude oil prices, breakthroughs in technology, and more access to prospective acreage are creating a US oil production revival that is a major break from nearly 40 years of declining production, two experts told the US Senate Energy and Natural Resources Committee on Jan. 31.

Porto pursues Lusitanian onshore targets in Portugal

Jan 31, 2012

Porto Energy Corp., The Woodlands, Tex., expects to receive interpreted results in 3 months from a 240 sq km 3D seismic program over the Montejunto anticline on its Torres Vedras concession onshore Portugal.

CAPP outlines fracing operating practices for shale, tight gas

Jan 30, 2012

The Canadian Association of Petroleum Producers on Jan. 30 announced a set of hydraulic fracturing operating practices that it has adopted to improve water management and water and fluids reporting for shale gas and tight gas development across Canada.

Cyclic steam pilot set at Gulf of Suez Sinai oil field

Jan 30, 2012

A rig is expected to arrive in February to drill development wells in Lagia oil field on the Sinai Peninsula side of Egypt’s Gulf of Suez in preparation for a cyclic steamflood pilot.

Oil and gas for checkout

Jan 30, 2012 According to the American Library Association, there are an estimated 121,785 libraries of all kinds currently in the US. The Dallas Public Library circulates more than 8 million items every year and has 30 service points throughout the city.

UK: Thick shale with gas logged near Liverpool

Jan 27, 2012

IGas Energy PLC said it logged a number of potentially gas-productive zones in 1,000 ft of shale encountered at its Ince Marshes onshore well in PEDL 190 south of Liverpool, England.

Cabot questions EPA plans to test water wells in Pennsylvania

Jan 27, 2012

Cabot Oil & Gas Corp. has offered to meet with US Environmental Protection Agency representatives to discuss the EPA’s plans to test the water wells of some homes in Dimock, Pa., a township within the Marcellus shale play where Cabot has done hydraulic fracturing.

IHS CERA: Canadian oil sands regulations 'similar to Australia, Alaska'

Jan 24, 2012

The environmental regulatory system for Canadian oil sands is similar in rigor to mining and oil operations in South Australia and Alaska, according to a new report by analyst IHS CERA.

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