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

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.

Capito’s bill aims to improve federal pipeline permitting process

May 7, 2015

US Sen. Shelley Moore Capito (R-W.Va.) introduced legislation aimed at modernizing and improving the timeframe for proposed oil and gas pipelines to get federal approval.

Study shows proposed Pennsylvania gas severance tax would be costly

May 7, 2015

A proposed natural gas severance tax in Pennsylvania would have negative economic consecutives for the state, according to a Natural Resource Economics Inc. study released May 7 by the Associated Petroleum Industries of Pennsylvania (API-PA).

Hair-trigger supply a new challenge of managing oil assets

May 4, 2015

Reluctance by Saudi Arabia to cut production in defense of the crude price reflects important new realities of the oil market.

Dakota Prairie commissions first US refinery in nearly 40 years

May 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 commercial production of diesel fuel and other products at its 20,000-b/d diesel refinery in North Dakota.

BLM fracing variance inadequate, Wyo. official tells Senate panel

May 1, 2015

The US Bureau of Land Management’s final hydraulic fracturing rule allows states with their own requirements to seek a variance under which their rules would apply if they were more stringent, BLM Director Neil Kornze told a US Senate Energy and Natural Resources subcommittee. But Mark Watson, Wyoming state oil and gas supervisor, said BLM would benefit instead of the states.

Statoil reports $4.67 billion 1Q loss following US shale write-downs

May 1, 2015

Statoil ASA reported a negative first-quarter international financial reporting standards net income of $4.67 billion due to asset impairments of $6.08 billion primarily comprising US onshore unconventional assets including the Bakken, Eagle Ford, and Marcellus shale plays.

Enterprise, Oxy to build Delaware basin gas plant

Apr 30, 2015

Enterprise Products Partners LP (EPP) and an affiliate of Occidental Petroleum Corp., both of Houston, will develop a 150-MMcfd cryogenic natural gas processing plant to handle growing rich-gas production in the Delaware basin, EEP reported.

Colorado joins two other states in lawsuit against BLM’s fracturing regs

Apr 27, 2015

Colorado state officials joined the states of Wyoming and North Dakota in a lawsuit questioning the US Bureau of Land Management’s new rules for hydraulic fracturing for onshore drilling on tribal and federal public lands.

SandRidge names senior vice-president, production

Apr 24, 2015

SandRidge Energy Inc., Oklahoma City, has appointed John Suter as senior vice-president, production, effective Apr. 27. Most recently, Suter worked at American Energy Partners LP, serving as vice-president of the Woodford business unit since 2013.

Noble Energy settles air pollution charges from D-J basin operations

Apr 22, 2015

Noble Energy Inc. agreed to settle federal and state air pollution charges stemming from its Denver-Julesburg basin oil and gas exploration and production activities, the US Department of Justice, Environmental Protection Agency, and State of Colorado jointly said.

CERAWeek: Regulatory hurdles still threaten US shale, CEOs say

Apr 22, 2015

Leaders of prominent US shale producers came together on Apr. 21 to drive home a point that’s emerged as a primary theme during this year’s IHS CERAWeek in Houston: The urgent need to lift the export ban on US crude oil.

Study: North Texas quakes likely linked to gas drilling

Apr 22, 2015

A seismology team in a study led by Southern Methodist University found high volumes of wastewater injection combined with brine extraction from natural gas wells was “the most likely” cause of earthquakes near Azle, Tex., during 2013-14.

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