unconventional

U.S. oil prices should hold between $50-60/bbl through 2020 on improved unconventional productivity and increased overseas supplies, Goldman Sachs is forecasting.

The Pennsylvania House and Senate energy committees this week voted against the state Department of Environmental Protection’s (DEP) overhaul of regulations for the oil and natural gas industries.

The Pennsylvania House and Senate energy committees this week voted against the state Department of Environmental Protection’s (DEP) overhaul of regulations for the oil and natural gas industries.

Royal Dutch Shell plc, which less than four months ago launched an unconventional natural gas and oil resources arm to build its expertise, has decided to roll the business back into upstream operations. U.S. operations chief Marvin Odum, who oversees the unconventional unit, also is stepping down.

The growth of unconventional natural gas holds major implications for global markets and prices in the years to come, the World Energy Council (WEC) said Friday.

North America’s potential natural gas resource base has risen by two-thirds since 2010, and more than half could be produced at a current Henry Hub breakeven of $3.00/MMBtu or less, according to IHS Inc.

The United States will remain the largest global unconventional natural gas producer to 2040, with the output trajectory defined mostly by shale gas, the International Energy Agency (IEA) said Tuesday.

Drilling has started at an experimental site in West Virginia, where researchers will conduct air, noise, occupational safety, health and operations monitoring over the next five years in a first-of-its-kind field study of unconventional natural gas development.

Drilling has started at an experimental site in West Virginia, where researchers will conduct air, noise, occupational safety, health and operations monitoring over the next five years in a first-of-its-kind field study of unconventional natural gas development.