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: 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.

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.

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.

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.

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.
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