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

WoodMac: Pay attention to 'unconventional gas revolution'

Jul 23, 2010

Global unconventional gas has the potential to reshape global gas dynamics, according to a report by analyst Wood Mackenzie.

Cost pressure, demand seen boosting US gas price

Jul 19, 2010 The price of natural gas in the US will increase to $6.50-7/MMbtu by 2015 because of cost pressure and rising demand, a Wood Mackenzie analyst told a conference in Denver.

COMPANY NEWS: Noble to buy Frontier Drilling for $2.16 billion

Jul 12, 2010 Drilling contractor Noble Corp. plans to buy privately owned Frontier Drilling for $2.16 billion even though no near-term new drilling is expected for the Gulf of Mexico during court battles over the US moratorium on deepwater drilling.

Cost pressure, demand seen boosting US natural gas price

Jul 9, 2010

The price of natural gas in the US will increase to $6.50-7/MMbtu by 2015 because of cost pressure and rising demand, a Wood Mackenzie analyst told a conference in Denver.

Cash flow analysis assesses China's CBM resource viability

Jul 5, 2010 A cash flow analysis determined that the coalbed methane resources in 42 major basins in China were 36% economic, 14% marginally economic, and 50% uneconomic to develop.

Special Report: Midyear Forecast: US energy demand gears up for expansion

Jul 5, 2010 Demand for oil and gas in the US will climb this year, boosted by tepid economic growth.

Encana, CNPC to speed BC gas developments

Jul 5, 2010 Encana Corp. and China National Petroleum Corp. signed a heads of agreement under which they would negotiate a joint venture to develop Encana's Northeast British Columbia gas plays

Special Report: Midyear Forecast: US, Canada drilling rekindled as gulf faces uncertainty

Jul 5, 2010 Drilling onshore in the US and in western Canada is enjoying a brisk uptick from 2009 as US Gulf of Mexico activity succumbs to federal regulatory uncertainty.

Study: Gas to play major GHG reduction role in near term

Jul 5, 2010 While tight carbon constraints could lead to less natural gas being used to generate power in the long run, gas will play a substantial part in the coming decades in enabling substantial near-term carbon emissions reductions, a new Massachusetts Institute of Technology study concluded.

Shale gas changes N. American gas production projections

Jul 1, 2010 Estimates of ultimate gas recovery from shales have changed the outlook for gas production in the US and Canada.

Study: Gas to play major GHG reduction role in near term

Jun 28, 2010

While tight carbon constraints could lead to less natural gas being used to generate power in the long run, gas will play a substantial part in the coming decades in enabling substantial near-term carbon emissions reductions, a new Massachusetts Institute of Technology study concluded.

Study notes growth of Chinese NOCs

Jun 28, 2010 Aggressive asset purchases and mergers will push net overseas oil and gas production by China's three large national oil companies (NOCs) to a record 1 million boe/d this year, says a study by Wood Mackenzie.

Study notes global growth of Chinese NOCs

Jun 17, 2010

Aggressive asset purchases and mergers will push net overseas oil and gas production by China’s three large national oil companies (NOCs) to a record 1 million boe/d this year, says a study by Wood Mackenzie.

OGJ Newsletter

Jun 7, 2010

Hydraulic fracturing liabilities suggest insurance coverage

May 24, 2010 Hydraulic fracturing, used for decades to increase the production of oil and natural gas, has recently become the subject of heightened inquiry and debate.
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