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

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.

Drilling & Production: Smart wells, ‘e-fields’ shaping production plans

Jan 1, 2007 Technology remains key to how fast and how much of the world’s remaining oil and gas resources the industry can produce economically from the varied environments that hold most potential: deep water, arctic regions, coalbeds, partially depleted reservoirs, and deep, tight formations with high temperature and pressure, as well as formations containing heavy oil or bitumen.

Lehman Bros.: E&P spending to see slower growth

Jan 1, 2007 After “extremely strong growths” of 20% in 2005 and 30% in 2006, global exploration and production spending is expected to rise at a slower rate of 9% to $300 billion in 2007, with more emphasis on international rather than US projects, said analysts at Lehman Bros. Inc., New York.

Area Drilling

Sep 8, 2003 Roc Oil Co. Ltd., Sydney, said it hopes to begin exploration on the 267,000-acre South Cabinda onshore block within 12-18 months.

Flexible manufacturing techniques make ultradeep water attractive to independents

Aug 25, 2003 The increase in risk and capex required to exploit new gas and oil reserves in ultradeepwater areas is driving the offshore energy industry to adopt lean management tools and techniques.

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.
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