Other Unconventional Oil

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 Oil News

Gazprom pipeline gas remains key to Europe

Apr 27, 2009 Europe will have to work with Gazprom to develop the supplies and transport routes to meet projected natural gas shortfalls, as increased European LNG receipts and such pipelines as the Trans–Sahara are unlikely to provide timely relief.

OGJ Newsletter

Apr 20, 2009

US to see more LNG, despite downturn

Apr 6, 2009 More shipments of LNG will come to the US this year, whether the market needs them or not.

Nonproducing Paraguay’s potential conventional and unconventional

Apr 6, 2009 A number of external factors have come together to provide many opportunities for growth for the fledgling hydrocarbon industry in Paraguay.

Worldwide oil, natural gas deal value plunges

Mar 23, 2009 The total transaction value for worldwide upstream corporate and asset deals plunged to $104 billion in 2008 compared with an annual average of nearly $160 billion during 2005-07, consultants said in an annual report.

US LNG imports in 2008 signal unexpected role for gas markets

Mar 9, 2009 Recent experience and forecasts have shown a narrowing gap between domestic natural gas supply and consumption, unfavorable oil-to-gas price disconnects, increasing competition for limited liquefaction capacity, and dampened domestic demand due to the current economic decline.

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Mar 9, 2009

Compositional variety complicates processing plans for US shale gas

Mar 9, 2009 Recently higher gas prices and improved drilling technology have spurred shale gas drilling across the US.

State governors evaluate energy’s role in economic strategies

Mar 9, 2009 US governors brought a wider than usual range of energy ideas to the 2009 winter meeting of the National Governors Association Feb. 21-23 in Washington as they grappled with a deepening recession.

Chesapeake unconventional gas stake deep

Mar 2, 2009 Chesapeake Energy Corp., Oklahoma City, reported an 11% increase in proved reserves to 12.1 tcf of gas equivalent in 2008 and detailed the depth of the company’s commitment to US unconventional gas.

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Mar 2, 2009

OGJ Newsletter

Mar 2, 2009

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Feb 23, 2009

CERAWeek: Al-Naimi urges ‘inclusive energy strategy’

Feb 16, 2009 Calling for an “inclusive energy strategy,” the Saudi Arabia minister of petroleum and mineral resources listed factors of price volatility among “newly emerging challenges” facing the oil and gas industry.

SEC updates reserves reporting regulations

Feb 16, 2009 The recently updated US Securities and Exchange Commission reserves reporting requirements for oil and natural gas companies attempt to provide investors with more meaningful and comparable disclosures.
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