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

EPA draft assessment finds no widespread harm to drinking water from fracturing

Jun 4, 2015

The US Environmental Protection Agency released a draft assessment June 4 of a study in which it concluded hydraulic fracturing activities have not led to widespread, systemic impacts on drinking water resources, although the agency said potential water vulnerabilities exist.

NGSA: Downward pressure expected on gas prices this summer

Jun 4, 2015

Despite expectations for record-setting summer demand, pressure on this summer’s natural gas prices is likely to be downward compared with summer 2014, the Natural Gas Supply Association said in its 15th annual Summer Outlook assessment of the natural gas market. NGSA said it expects production to set records and be more than enough to meet demand.

Dakota Prairie refinery delivers first diesel, mulls expansion

Jun 4, 2015

Dakota Prairie Refining LLC, a joint venture of MDU Resources Group Inc., Bismarck, ND, and its 50-50 partner Calumet Specialty Produces Partners LP, Indianapolis, has started the first sales of commercial diesel from production at its recently commissioned refinery in North Dakota.

E&Y: US firms’ capex, revenues, reserves up again in 2014, but cuts loom

Jun 3, 2015

US oil and gas companies reported increases across the board in capital expenditures, revenues, and reserves in 2014 as oil prices nearly halved during the second half, according to an annual oil and gas reserves study conducted by Ernst & Young unveiled in Houston on June 3.

Competitive unconventional production gives US diplomatic muscle

Jun 2, 2015

Price declines for crude oil in the last 6 months and natural gas in the last 6 years have made US unconventional producers become so much more efficient to stay globally competitive that the US still has significant energy geopolitical opportunities, an IHS official told a US House Energy and Commerce subcommittee.

Oklahoma governor signs legislation to prevent local fracturing bans

Jun 2, 2015

Oklahoma cities and counties would be unable to ban hydraulic fracturing or other oil and gas operations under Senate Bill 809 that Oklahoma Gov. Mary Fallin has signed into law.

Gov. Wolf forms Pennsylvania gas pipeline system taskforce

May 29, 2015

Pennsylvania Gov. Tom Wolf (D) formed a Pipeline Infrastructure Task Force to help state agencies, natural gas producers, and communities closely work together as thousands of miles of pipelines are proposed to move gas and related products from wellheads to markets.

Magnum Hunter selling noncore Utica acreage

May 26, 2015

Magnum Hunter Resources Corp., Dallas said its wholly owned subsidiary Triad Hunter LLC has signed a definitive agreement to sell certain noncore undeveloped Utica leasehold acreage in West Virginia for $40.8 million to an undisclosed independent producer.

API-Ohio runs radio ads against proposed state severance tax

May 26, 2015

The American Petroleum Institute launched a series of radio ads in Ohio urging people to call their state senators in opposition of any additional taxes on the oil and gas industry, said Chris Zeigler, API-Ohio executive director.

La Jolla Conference: Regulations still constraining unconventional energy development

May 26, 2015

While unconventional oil and gas production in the US remains mostly resilient amid the industry downturn, energy policy under the Obama administration hasn’t made things easier on companies forced to cope with new market realities, panelists said on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

Utah will join lawsuit challenging BLM frac rules, governor says

May 19, 2015

Utah will ask to join Wyoming, North Dakota, and Colorado in a lawsuit challenging the US Bureau of Land Management’s recently issued hydraulic fracturing regulations, Gov. Gary R. Herbert (R) reported. The new federal rule unlawfully interferes with state regulations that already address the process, the action contends.

Texas governor signs bill to halt cities from banning fracturing

May 18, 2015

Texas Gov. Greg Abbott signed a bill to prevent municipalities from banning hydraulic fracturing in a move that was expected after the city of Denton last year approved a referendum to prohibit fracturing in its city limits.

WEA survey finds strong support nationwide for energy development

May 13, 2015

US voters strongly support developing resources on public lands, giving states more control over regulating such activities, and lifting the ban on exporting crude oil produced in the US, concluded a survey commissioned by the Western Energy Alliance.

PwC: Low oil prices reduce 1Q M&A activity in US

May 11, 2015

Mergers and acquisitions (M&A) activity in the oil and gas industry took a hit in value and volume during the first quarter compared with fourth-quarter 2014, as the drop in oil prices continued to impact companies’ growth strategies, according to a report from PwC US.

Noble to acquire Rosetta for $2.1 billion, enter Permian

May 11, 2015

Noble Energy Inc., Houston, has agreed to acquire Rosetta Resources Inc., Houston, in an all-stock transaction valued at $2.1 billion, plus the assumption of Rosetta’s net debt of $1.8 billion as of Mar. 31. The deal is expected to close in the third quarter.

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