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

The price signal

Apr 13, 2015

Price, as everyone knows, represents a signal to buyers and sellers about conditions in the oil market. It's information that guides behavior.

Virginia taskforce says oil train safety largely up to federal officials

Apr 10, 2015

A Virginia Railroad Safety and Security Task Force issued a draft report saying rail safety issues are largely up to the US government to address. The taskforce was formed in response to an Apr. 30, 2014, derailment of a train carrying crude oil from the Bakken formation to York County, Va.

Flint Hills advances Texas refinery expansion

Apr 10, 2015

Flint Hills Resources, a unit of Koch Industries Inc., has let a contract to KBR Inc., Houston, for work related to Project Eagle Ford (PEF), a $600 million project designed to increase processing capabilities for US light crude oil production at its 230,000-b/d West refinery in Corpus Christi, Tex.

Williams to buy more of Utica East

Apr 6, 2015

Williams Partners LP agreed to buy an additional 21% interest in Utica East Ohio Midstream LLC from EV Energy Partners LP for $575 million.

North Dakota joins Wyoming in lawsuit challenging federal fracing rule

Apr 1, 2015

The North Dakota Industrial Commission has voted to join Wyoming in a lawsuit challenging a new rule issued by the US Department of the Interior’s Bureau of Land Management, which includes requirements for publicly disclosing chemicals using in hydraulic fracturing.

Wyoming seeks judicial review of BLM’s new fracing regulations

Mar 27, 2015

Wyoming’s government sued in response to the US Bureau of Land Management’s final rule covering hydraulic fracturing on onshore public and Indian tribal lands. Gov. Matt Mead (R) directed the Attorney General’s Office to petition for review of final agency action in US District Court for Wyoming on Mar. 26.

Deck named senior VP of EnLink Midstream

Mar 27, 2015

Andrew A. Deck has been appointed senior vice-president of the Permian basin of EnLink Midstream, Dallas.

Analysts: Oil industry dealing with downturn better than years’ past

Mar 26, 2015

Investment bankers and analysts entrenched in the oil and gas industry say US companies have so far staved off the major negative impacts of the current industry downturn better than previous downturns by acting more proactively and aggressively.

DOE report identifies deficiencies in crude oil analysis techniques

Mar 25, 2015

A US Department of Energy report found gaps in important crude oil characterization data, uncertainty about how to best sample and analyze crude to ensure its properties are determined accurately, and deficiencies in understanding how a crude’s properties affect its potential to accidentally ignite, combust, and explode.

Barclays: New fracturing regs will have limited effect on US oil, gas output

Mar 23, 2015

A recent US rule about hydraulic fracturing on federal and tribal lands will have limited effect on existing US oil and natural gas production, said a Barclays Research analyst in New York.

DOI issues final rule for fracing on public, tribal lands

Mar 20, 2015

The US Department of the Interior issued a long-anticipated final rule to govern hydraulic fracturing of onshore oil and gas wells on public and tribal lands. Officials said the regulations will improve safety and help protect groundwater by updating requirements for wellbore integrity, wastewater disposal, and public disclosure of chemicals.

Quicksilver files for bankruptcy protection, plans to continue operations

Mar 18, 2015

Quicksilver Resources Inc., Ft. Worth, and its US subsidiaries have filed for Chapter 11 bankruptcy protection in Delaware amid the industry-wide fallout from depressed crude oil prices. Operations across the company’s subsidiaries are expected to continue through the Chapter 11 process.

USGS: More data needed to grasp fracing’s water-quality risks

Mar 13, 2015

More data and research will be necessary to better understand potential water-quality risks associated with US unconventional oil and gas resource development, a recent US Geological Survey study concluded.

Oil Climate Index measures 30 global crudes’ environmental impacts

Mar 12, 2015

Researchers at the Carnegie Endowment for International Peace, Stanford University, and the University of Calgary unveiled the first Oil Climate Index to compare various crude oils’ environmental impacts from the wellhead to the consumer.

API is examining dilbit’s environmental impacts when released

Mar 10, 2015

The American Petroleum Institute is studying the properties of diluted bitumen (dilbit) and expects to develop findings about how oil sands crude behaves when it is accidentally released, API Pipeline Director Peter Lidiak told a National Academies hearing on the same subject.

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