unconventional

A two-year-old study that detailed the potential of unconventional natural gas supplies already needs to be updated because remarkable advancements in drilling technology are driving recoverable gas reserves ever higher, a Navigant Consulting Inc. director said last week.

Unconventional natural gas player Quicksilver Resources Inc. last week reported that it beat Wall Street’s expectations in 2Q2010, boosted by increased production and higher commodities prices.

Unconventional natural gas player Quicksilver Resources Inc. on Monday beat Wall Street’s expectations in 2Q2010, boosted by increased production and higher commodities prices.

Natural gas heavyweight Encana Corp. last week said better-than-expected results in North American unconventional plays will allow it to bump up 2010 production guidance by 65 MMcfe/d and increase capital spending by $500 million.

The U.S. land market helped Weatherford International Ltd.’s earnings soar in 2Q2010, lifted by increased oilfield services work in unconventional natural gas and oil plays, the company reported Tuesday.

The unconventional gas boom continues, despite lower commodity prices, and it has contributed significantly to gas reserve growth, according to the latest U.S. exploration and production (E&P) benchmark study by Ernst & Young (E&Y).

The unconventional gas boom continues, despite lower commodity prices, and it has contributed significantly to gas reserve growth, according to the latest U.S. exploration and production (E&P) benchmark study by Ernst & Young (E&Y).

Looking to replicate the numerous North American successes in recovering natural gas reserves from unconventional shale plays, a number of oil and gas majors are eager to take the new drilling technology across the pond to Europe, but Raymond James analyst Pavel Molchanov warns that while the resource potential is “definitely there,” the process “will be a marathon and not a sprint.”

Talisman Energy Inc., which has been working to narrow its focus in North America on unconventional natural gas, said Wednesday it has five separate agreements in place with some undisclosed buyers to sell assets in Ontario and in Western Canada for a total of C$1.5 billion.