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

NPC study seen as useful tool for energy policy debate

May 26, 2003 Industry officials hope that recommendations from an upcoming National Petroleum Council natural gas study will bolster their case that comprehensive energy legislation is needed.

Analyst sees no meat in MMS proposal to expand offshore royalty relief

Apr 14, 2003 The US Minerals Management Service proposal to expand offshore royalty relief in an effort to increase deep natural gas production in the Gulf of Mexico is "all sizzle, no steak," said a financial analyst with Raymond James & Associates Inc. (RJA), St. Petersburg, Fla.

Positive factors dominate negatives for Illinois basin coalbed methane

Mar 31, 2003 The Illinois basin is an elliptical, intracratonic basin that covers 34 million acres in Illinois, southwestern Indiana, and western Kentucky (Fig. 1).

Editorial: Challenges and changes

Mar 17, 2003 The federal Energy Information Administration predicts demand for natural gas in the US will rise to nearly 35 tcf in 2025 from 22 tcf last year. Skeptics in the oil and gas industry, citing limits on supply, don't believe the market can grow as much as EIA projects in its Annual Energy Outlook 2003.

CERI: Even small oil outages now pose big threat

Feb 3, 2003 World crude oil supply is already tight, and even a small additional disruption this winter could cause serious problems, senior industry analysts warn.

Canada's huge gas potential challenged by cost, price, pipeline transport issues

Jan 20, 2003 Canada remains a long-term storehouse to help meet North American natural gas demand. There remain enormous untapped resources of conventional and nonconventional gas in Canada.

COMPANY NEWS: Patina Oil & Gas to acquire Bravo in $119 million deal

Nov 25, 2002 Patina Oil & Gas Corp. said it will acquire privately held Bravo Natural Resources Inc. of Tulsa for $119 million. The transaction marks Patina's second significant acquisition in the last 30 days.

World's oil production peak reckoned in near future

Nov 11, 2002 Fig. 6 in Parker's recent article1 in Oil and Gas Journal places the peak of world oil production in the year 2035.

Duke Energy: Both arctic pipelines likely to be built

Nov 11, 2002 Both the Alaska natural gas pipeline and the Mackenzie Valley pipeline will be built, with the Mackenzie line likely to go first, says a senior Canadian pipeline executive.

Optimism grows about US drilling action increase in 2003

Oct 14, 2002 US drilling activity should increase in 2003, said a panel of energy industry executives in Houston Oct. 4.

WEC deems near-term future for oil, gas problematic

Oct 14, 2002 The impressive gains of natural gas in the world's energy supply will falter as the century moves toward 2050, according to Gerald Doucet, secretary general of the World Energy Council, speaking Oct. 2 in Calgary to the International Pipeline Conference.

Future gulf supplies: Role of the federal government

Sep 2, 2002 The US Gulf of Mexico (GOM), providing 1.8 million b/d of crude oil/NGLs and 14 bcfd of natural gas, has been a major source of domestic energy supplies. However, considerable uncertainty surrounds the outlook for this critical oil and gas producing area, with many concluding that production is or soon will be in decline.

EnCana pursues Northeast BC Devonian reef margin play

Jun 24, 2002 One of Canada's largest oil and gas companies is pursuing unconventional gas opportunities in Northeast British Columbia in what it calls the largest regional gas play discovered in western Canada in the last decade.

OGJ Newsletter

Apr 22, 2002 Despite Iraq's Apr. 8 announcement of a 30-day suspension of oil exports and turmoil at Petroleos de Venezuela SA in Venezuela, the oil market has responded in a muted fashion, according to the International Energy Agency, because such events were already incorporated into a "geopolitical risk premium."

Partnership targets unconventional gas reserves

Jun 18, 2001 Gas Technology Institute, Des Plaines, Ill., and one of its long-time contractors set up a commercial partnership to offer unique methods to reduce risks of developing gas in over and underpressured formations.
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