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

Models provide insights on North American gas future

Jul 2, 2007 Models using a history match of past production and a bell-curve approach provide an insight to the various estimates for ultimate recovery of conventional and unconventional gas resources in North America.

OGJ Newsletter

Jul 2, 2007 The trends of declining natural gas well productivity and reserves-to-well ratios are expected to continue through 2015 across all 50 gas basins in the US and Canada, Cambridge Energy Research Associates and IHS reported.

Various technologies unlock Pinedale anticline tight gas

Jun 25, 2007 Various technologies have enabled Shell Exploration & Production Co. to produce economically from the tight gas sands found in the Pinedale anticline of Western Wyoming.

COMPANY NEWS: Dominion sells assets in deals totaling $6.5 billion

Jun 11, 2007 Loews Corp. and XTO Energy Inc. agreed to buy certain oil and natural gas producing properties in two separate deals from Dominion Resources Inc. for a total of $6.5 billion.

SPECIAL REPORT: Could a future gas OPEC shape LNG import plans?

May 28, 2007 The Organization of Petroleum Exporting Countries has influenced both the supply and the price of oil internationally for more than 30 years.

DRILLING MARKET FOCUS: Companies report positive first-quarter 2007 results

May 28, 2007 Drillers and drilling service companies continue to build new land and offshore rigs, although yards are full and there is some softening in the North American land rig market.

SPECIAL REPORT: OTC speakers see new era for the oil and gas industry

May 7, 2007 The oil and gas industry has entered a new era characterized by diversity of energy supply, market uncertainty, and changing roles for oil companies, said speakers at the Offshore Technology Conference in Houston Apr. 30-May 3.

World oil production to peak in 15-25 years, AAPG told

Apr 23, 2007 The world is consuming oil at a rate that will result in oil production peaking in 15 to 25 years, a group of geoscientists told the American Association of Petroleum Geologists’ annual convention in Long Beach, Calif.

Company sales dominate 2006 global upstream mergers, acquisitions

Mar 26, 2007 Worldwide transaction values for upstream corporate and asset deals totaled more than $166 billion last year compared with more than $160 billion during 2005, consultants said in an annual report.

OGJ Newsletter

Mar 5, 2007

Bright outlook seen for global drilling industry

Feb 26, 2007 The outlook for a continued tight oil and natural gas supply/demand balance suggests a bright outlook for the worldwide drilling industry for the foreseeable future.

White House again cuts oil, gas R&D from DOE budget

Feb 12, 2007 The administration of President George W. Bush increased its request for fossil fuels by 33% to $863 million as it released its fiscal 2008 budget proposals on Feb. 5.

CERA: Rising gas production costs diminishing returns

Feb 12, 2007 Fewer natural gas reserves are being added for every dollar spent on exploration and production, and higher costs are undermining the economics of drilling more gas wells, Cambridge Energy Research Associates said in a recent report.

Canadian spending outlook for 2007 slightly depressed

Jan 22, 2007 Spending may be slightly depressed in Canada for 2007, relative to 2006, but $22 billion (Can.) will still drill many wells.

SPECIAL REPORT: Lower drilling growth seen in US, drop in Canada

Jan 15, 2007 Price uncertainty, especially for gas, overshadows the forecast for US and Canadian drilling in 2007.
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