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Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
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Equipment ID   : 1691
Equipment name   : Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
Category   : Research Reports
Specifications   : Name of the Report :
Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market 
Analysis, Industry Developments and Forecasts to 2020


Published Date : 28-Dec-2012
No. of pages : 126

Table of Contents

1 Table of Contents
1 Table of Contents… 4
1.1 List of Tables… 6
1.2 List of Figures… 8
2 Introduction… 10
2.1 Overview… 10
2.2 Report Guidance… 11
3 Unconventional Oil - Overview… 12
3.1 Unconventional Oil Account for about 3.2% of Global Oil Production… 14
3.2 Unconventional Oil Production is Expected to Surpass 2,100 MMbbl by 2020… 16
3.3 Unconventional Oil - Key Drivers and Challenges… 17
3.3.1 The Alberta Province Holds more than 97% Oil Sands Deposits in Canada… 17
3.3.2 The Green River Formation in the US has one of the Largest Concentrations of Oil
Shale Deposits in the World… 18
3.3.3 Sustained High Crude Oil Prices Encouraging Development of Unconventional Oil
Resources… 20
3.3.4 Pressure on Foreign Operators to Give PdVSA Compulsory Stake may Discourage 
them from Investing in Venezuelan Projects… 20
4 Canada’s Oil Sands - a Leading Contributor to Global Unconventional Oil Production… 21
4.1 Canada has the Third Largest Proved Oil Reserves in the World… 21
4.2 Oil Sands Industry Continues to Attract Foreign Investment due to Favorable Business
Climate in Canada… 22
4.3 Oil Sands Industry Continues to Attract Criticism due to High Water Use and
Greenhouse Gas Emissions… 23
4.4 Oil Sands in Canada - Historic Production and Major Oil Sands Projects… 24
4.4.1 Oil Sands Industry in Canada Produced 581.9 MMbbl of Bitumen and Synthetic Crude
in 2011… 24
4.4.2 Athabasca Region Recorded the Largest Bitumen Production from Oil Sands in 
Canada for 2011… 24
4.4.3 Mining Accounts for about 52.1% of Bitumen and Synthetic Crude Production from
Canada’s Oil Sands in 2011… 25
4.4.4 Heavy Oil Upgraders in the Canadian Oil Sands Industry Recorded a Capacity
of 453.1 MMbbl for 2011… 26
4.4.5 Syncrude is the Largest Heavy Oil Upgrader Project in Canada as of 2011… 27
4.5 Oil Sands in Canada - Production Forecasts… 28
4.5.1 Oil Sands Industry in Canada is expected to Produce 3.2 MMbbl/d of Bitumen and
Synthetic Crude by 2020… 28
4.5.2 Heavy Oil Upgraders Capacity in the Canadian Oil Sands Industry is Expected to
Reach 542.5 MMbbl by 2020… 29
4.6 Oil Sands in Canada - Competitive Landscape… 30
4.6.1 Suncor Energy had Net Proved and Probable (2P) Bitumen Reserves of 1,164 MMbbl 
by the End of 2011… 30
4.6.2 Imperial Oil Limited Reported Net Proved Bitumen Reserves of 2,413 MMbbl by the
End of 2011… 31
4.6.3 Shell Produced 45 MMbbl of Synthetic Crude Oil in 2011… 32
4.6.4 Canadian Natural Resources Limited is One of the Major Independent Crude Oil
and Natural Gas Producers in Canada… 34
5 Venezuela Extra-heavy Crude Oil Reserves are Key Contributors to Global Proved Oil
Reserves… 36
5.1 Venezuela is the Second Largest Developer of Oil Sands in the World after 
Canada… 36
5.2 Orinoco Extra-heavy Oil Belt Constitutes about 75% of Venezuela’s Total Proved Oil
Reserves… 38
5.2.1 Exploration at the Orinoco Oil Belt Started in 1920… 38
5.3 Orinoco Extra-heavy and Heavy Oil Belt Blocks… 38
5.3.1 Boyaca Block… 39
5.3.2 Junin Block… 39
5.3.3 Ayacucho Block… 40
5.3.4 Carabobo Block… 41
5.4 Production Fields in Venezuelan Oriental Basin & Orinoco Oil Belt - Extra-heavy
and Heavy Crude Oil… 42
5.4.1 Major Extra-heavy Oil Producing Fields in Orinoco Oil Belt… 42
5.5 Heavy Oil Upgraders in Venezuela… 45
6 Bakken Shale is Among the Major Oil Shale Plays in the US… 46
6.1 Bakken Shale, Operational Overview… 47
6.1.1 Bakken Shale, Initial Production Rates… 47
6.1.2 Bakken Shale, Well Profile… 49
6.1.3 Bakken Shale, Production Trends, 2004-2020… 50
6.2 Bakken Shale, Drilling Activity, 2012… 56
6.2.1 Bakken Shale, Drilling Activities in North Dakota, 2011… 56
6.2.2 Bakken Shale, Drilling Activities in Montana, 2012… 58
6.3 Bakken Shale, Competitive Landscape… 60
6.3.1 Bakken Shale, Major Companies by Acreage, 2012… 60
6.3.2 Bakken Shale, Major Companies By Production, 2011… 62
6.4 Bakken Shale, Mergers and Acquisition Activities, 2012… 64
7 Eagle Ford Shale has Emerged as a Lucrative Liquid Rich Shale Play in the US… 67
7.1 Eagle Ford Shale, Operational Overview… 68
7.1.1 Eagle Ford Shale, Well Profile… 68
7.1.2 Eagle Ford Shale, Initial Production Rates… 69
7.1.3 Eagle Ford Shale, Production Trends, 2008-April 2012… 70
7.1.4 Eagle Ford Shale, Drilling Activity by Company, 2010-April 2012… 73
7.2 Eagle Ford Shale, Competitive Landscape… 74
7.2.1 Eagle Ford Shale, Companies by Acreage, 2012… 74
7.2.2 Eagle Ford Shale, Major Companies by Production, 2012… 75
7.2.3 Eagle Ford Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 79
8 Granite Wash Play Overview… 80
8.1 Granite Wash Play, Operational Overview… 82
8.1.1 Granite Wash, Initial Production Rates… 82
8.1.2 Granite Wash Play, Well Profile… 83
8.2 Granite Wash Play, Production Trends, 2004-2011… 84
8.2.1 Texas, Historical Production, 2004-2011… 84
8.2.2 Granite Wash Play, Historic and Forecast Production, 2004-2020… 85
8.3 Granite Wash Play, Drilling Activity, 2010-2011… 87
8.3.1 Granite Wash Play, Permits Issued, 2011… 87
8.3.2 Granite Wash Play, Drilling Activity by County, 2011… 87
8.4 Granite Wash Play, Competitive Landscape… 89
8.4.1 Granite Wash, Major Companies by Acreage… 89
8.4.2 Granite Wash, Major Companies by Production… 90
8.5 Granite Wash Play, Mergers and Acquisition Activity in the Play, 2007-2012… 93
9 Niobrara Shale Play is Gaining Attention of Oil and Gas Exploration and Production
Companies… 95
9.1 Niobrara Shale, Operational Overview… 96
9.1.1 Niobrara Shale, Initial Production Rates… 96
9.1.2 Niobrara Shale, Well Profile… 97
9.1.3 Niobrara Shale, Production Trends, 2007-2020… 98
9.2 Niobrara Shale, Drilling Activity, 2011-2012… 102
9.2.1 Niobrara Shale, Major Drilling Activities in Colorado, 2011-2012… 102
9.3 Niobrara Shale, Competitive Landscape… 108
9.3.1 Niobrara Shale, Major Companies by Acreage, 2012… 108
9.3.2 Niobrara Shale, Major Companies by Production, 2011… 110
9.4 Niobrara Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 112
10 Other Emerging Oil Shale Plays in North America… 114
10.1 Barnett Combo Play… 114
10.2 Cana Woodford Shale… 115
10.3 Tuscaloosa Marine Shale… 117
10.4 The Green River Basin Oil Shale Field… 119
10.5 Wolfcamp Shale Formation… 120

List of Tables

1.1 List of Tables
Table 1: Oil Sands Industry, Canada, Bitumen and Synthetic Production from Oil Sands
in Athabasca, Cold Lake and Peace River Areas, MMbbl, 2006-2011… 24
Table 2: Oil Sands Industry, Canada, Heavy Oil Upgraders Capacity, MMbbl, 
2006-2011… 26
Table 3: Oil Sands Industry, Canada, Details of Top Five Oil Sands Projects, bbl/d,
2011… 27
Table 4: Oil Sands Industry, Canada, Suncor Energy’s Bitumen and Synthetic
Crude Oil (SCO) Reserves (Gross and Net), MMbbl, 2011… 30
Table 5: Oil Sands Industry, Canada, Shell’s Synthetic Crude Oil and Bitumen Production,
Mbbl/d, 2009-2011… 32
Table 6: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Gross Crude
Oil and Bitumen Reserves in North America, MMbbl, 2011… 34
Table 7: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Capacity
Targets and Scheduled Start Dates for In Situ Projects, bbl/d, 2012… 35
Table 8: Extra-heavy Oil Industry, Venezuela, Details of Some of the Major Partnerships
for the Development of the Orinoco Oil Belt, 2010-April 2012… 37
Table 9: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy and Heavy Crude Oil
Exploration Fields in Boyaca Block, 2012… 39
Table 10: Extra-heavy Crude Oil Industry, Venezuela, Oricono Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Blocks in Junin Block, 2012… 39
Table 11: Extra-heavy Crude Oil Industry, Venezuela, Orinoco Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Assets in Ayacucho Block, 2012… 40
Table 12: Extra-heavy and Heavy Crude Oil Exploration, Exploration Assets in Venezuelan
Orinoco Heavy Oil Belt, Carabobo Block, 2012… 41
Table 13: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, MMboe, 2012… 42
Table 14: Extra-heavy Oil Industry, Venezuela, Hamaca Extra-heavy Oil Field Production,
MMbbl, 2006-2011… 43
Table 15: Extra-heavy Oil Industry, Venezuela, Petrozuata Extra-heavy Oil Field
Production, MMbbl, 2006-2011… 43
Table 16: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, Bitor Extra-heavy Oil Field, MMbbl, 2006-2011… 44
Table 17: Heavy Oil Upgraders Industry, Venezuela, Capacity of Upgraders, bbl/d,
2007-2012… 45
Table 18: Bakken Shale, Some of the Recent Wells Drilled and Initial Production Rates
by Major Companies, boed, 2012… 48
Table 19: Bakken Shale Wells, Decline Rate (%), North Dakota, 2012*… 49
Table 20: Bakken Shale, the US, Historical Crude Oil and Natural Gas Production (MMboe),
2004-2011… 51
Table 21: Bakken Shale, North Dakota, Historical Production (MMboe) and its Share in
Total North Dakota Crude Oil Production (%), 2004-2011… 52
Table 22: Bakken Shale, Montana, Historical Crude Oil and Natural Gas 
Production (MMboe) 2004-2011… 53
Table 23: Bakken Shale, the US, Historical and Forecast Production (MMboe),
2004-2020… 55
Table 24: Bakken Shale, North Dakota, Number of Producing Wells, 2007-2011*… 56
Table 25: Bakken Shale, North Dakota, Number of Gas Producing Wells, 2007-2011*… 57
Table 26: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 59
Table 27: Bakken Shale, Major Companies By Acreage, Canada and the US, Net Acres,
2012… 60
Table 28: Bakken Shale, Top 15 Companies by Production, North Dakota, MMboe, 
2011… 63
Table 29: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012*… 65
Table 30: Bakken Shale, the US, Major Mergers and Acquisitions by Deal Value ($m),
2012… 66
Table 31: Eagle Ford Shale, Average Decline Rates Per Well, 2012*… 68
Table 32: Eagle Ford Shale, Average Initial Production Rates of Some Major Companies,
2012… 69
Table 33: Historical Production from the Eagle Ford Shale, MMboe, 2008-April 2012… 70
Table 34: Eagle Ford Shale, Historic and Forecast Production, MMboe, 2004-2020… 72
Table 35: Eagle Ford Shale, Major Companies by Acreage, Net Acres, 2012*… 74
Table 36: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
January 2012-April 2012*… 76
Table 37: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
2011… 78
Table 38: Eagle Ford Shale, Major Deals by Oil and Gas Companies, 2008-2012… 79
Table 39: Granite Wash, Key Characteristics, 2012*… 81
Table 40: Unconventional Oil Industry, the US, Wells Drilled and Initial Production
Rates of Chaparral Energy in Granite Wash Play, 2010… 82
Table 41: Granite Wash Play, Average Decline Rates Per Well, 2011-2012*… 83
Table 42: Texas, Historical Production from the Granite Wash Play, MMboe,
2004-2011*… 84
Table 43: Granite Wash Play, Historic and Forecast Production, MMboe, 2004-2020… 86
Table 44: Granite Wash Play, Number of Well Permits Issued by County, Texas,
2009-2011*… 88
Table 45: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Table 46: Granite Wash Play, Major Companies by Gross Production, MMboe, 
2011*… 91
Table 47: Granite Wash Play, M&A Activities, 2007-October 2012*… 94
Table 48: Granite Wash Play, Recent Deals, 2007-October 2012*… 94
Table 49: Niobrara Shale, Wells Drilled and Initial Production Rates for Anadarko
Petroleum Corporation, November 2011… 96
Table 50: Niobrara Shale, Recent Wells Drilled and Initial Production Rates, 2011… 96
Table 51: Niobrara Shale, The US, Historical Crude Oil and Natural Gas Gross
Production, MMboe, 2007-2011*… 98
Table 52: Colorado, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 99
Table 53: Wyoming, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 100
Table 54: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Table 55: Niobrara Shale, Colorado, Number of Well Permits, November-December 2010,
January-December 2011, and January 1- February 17, 2012… 102
Table 56: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Table 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 105
Table 58: Niobrara Shale, Wyoming, Number of Horizontal Well Permits by Company,
2012*… 107
Table 59: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 109
Table 60: Colorado, Niobrara Shale, Major Companies by Production, MMboe, 
2011… 111
Table 61: Niobrara Shale, Major Merger and Acquisitions, 2012*… 112


List of Figures


1.2 List of Figures
Figure 1: Unconventional Oil Industry, Global, Geographic Distribution of Unconventional
Oil Resources, 2012… 12
Figure 2: Oil Industry, Global, Share of Extra-heavy Oil and Oil Sands in Proved Oil
Reserves, %, 2012… 13
Figure 3: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Oil Production, %, 2011… 14
Figure 4: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Unconventional Oil Production, %, 2011… 15
Figure 5: Oil Industry, Global, Estimated Production of Unconventional Oil, MMbbl, 
2011, 2015 and 2020… 16
Figure 6: Oil Sands Industry, Canada, Location of Oil Sands Deposits, 2012… 17
Figure 7: Oil Shale Industry, Global, Distribution of Oil Shale Deposits in Select
Countries, 2012… 18
Figure 8: Oil Shale Industry, The US, Locations of the Major Oil Shale Deposits,
2011… 19
Figure 9: Unconventional Oil Industry, The US, Locations of the Shale Plays, 2011… 20
Figure 10: Oil Sands Industry, Canada, Composition of Oil Sands, 2012… 21
Figure 11: Oil and Gas Industry, Canada, Foreign Direct Investments in the Canadian
Energy Sector, CAD$m, 2005-2011*… 22
Figure 12: Oil and Gas Industry, Canada, Greenhouse Gas Emissions by Sector,
2010… 23
Figure 13: Oil Sands Industry, Canada, Production of Bitumen and Synthetic Crude, 
MMbbl, 2006-2011… 24
Figure 14: Oil Sands Industry, Canada, Bitumen and Synthetic Crude Production from 
Oil Sands in Canada by Recovery Method, MMbbl, 2006-2011… 25
Figure 15: Oil Sands Industry, Canada, Expected Production of Bitumen and Synthetic
Crude, MMbbl, 2011-2020… 28
Figure 16: Oil Sands Industry, Canada, Expected Heavy Oil Upgraders Capacity, 
MMbbl,  2011-2020… 29
Figure 17: Oil Sands Industry, Canada, Imperial Oil’s Synthetic Oil and Bitumen Net
Proved Reserves, MMbbl, 2007-2011… 31
Figure 18: Oil Sands Industry, Canada, Shell’s Oil Sands Operations, 2011… 33
Figure 19: Unconventional Oil Industry, Venezuela, Location of Orinoco Oil Belt,
2010… 36
Figure 20: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Blocks,
Orinoco Heavy Crude Oil Belt, 2012… 38
Figure 21: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Production,
MMbbl, 2007-2011… 42
Figure 22: Bakken Shale, Operational Map and the Shale’s Formation, 2012… 46
Figure 23: Bakken Shale Formation, Stratigraphy, 2012*… 47
Figure 24: Bakken Shale Wells, Well Profile, 2012… 49
Figure 25: Bakken Shale, the US, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 50
Figure 26: Bakken Shale, North Dakota, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 52
Figure 27: Bakken Shale, Montana, Historical Crude Oil and Natural Gas
Production (Mmboe), 2004-2011*… 53
Figure 28: Bakken Shale, the US, Historical and Forecast Production (Mmboe),
2004-2020… 54
Figure 29: Bakken Shale, North Dakota, Number of Oil Producing Wells, 
2007-2011*… 56
Figure 30: Bakken Shale, North Dakota, Number of Gas Producing Wells, 
2007-2011*… 57
Figure 31: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 58
Figure 32: Bakken Shale, North Dakota, Top 15 Companies by Production (MMboe), 
2011… 62
Figure 33: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012**… 64
Figure 34: Eagle Ford Shale, Location, The US, 2012… 67
Figure 35: Eagle Ford Shale, Well Profile, 2012*… 68
Figure 36: Eagle Ford Shale, Historical Production, MMboe, 2008-April 2012… 70
Figure 37: Eagle Ford Shale, Historic and Forecast Production, MMboe, 
2004-2020… 71
Figure 38: Eagle Ford Shale, Number of Drilling Permits for Selected Operators, Texas, 
January 2012-April 2012… 73
Figure 39: Eagle Ford Shale, Top 20 Companies by Gross Production, Texas, MMboe, 
January 2012-April 2012*… 75
Figure 40: Eagle Ford Shale, Top 20 Companies by Production, MMboe, 2011… 77
Figure 41: Unconventional Oil Industry, US, Granite Wash Play, Location Map, 
2012… 80
Figure 42: Granite Wash Formation, Stratigraphy,ft, 2012… 81
Figure 43: Granite Wash, Well Profile, 2011… 83
Figure 44: Texas, Granite Wash Play, Historical Production, MMboe, 2004-2011*… 84
Figure 45: Granite Wash Play, Historic and Forecast Production, MMboe, 
2004-2020… 85
Figure 46: Granite Wash Play, Number of Well Permits by County, Texas, 
2009-2011*… 88
Figure 47: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Figure 48: Granite Wash Play, Top 10 Companies by Gross Production, MMboe, 
2011*… 90
Figure 49: Granite Wash Play, Merger and Acquisition Activity, 
2007-December 2011… 93
Figure 50: Niobrara Shale Formation, Northeastern Colorado, Stratigraphy, 2012*… 95
Figure 51: Niobrara Shale, Well Profile, 2012*… 97
Figure 52: Niobrara Shale, The US, Historical Crude Oil and Gas Gross Production,
MMboe, 2007-2011*… 98
Figure 53: Colorado, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 99
Figure 54: Wyoming, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 100
Figure 55: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Figure 56: Niobrara Shale, Colorado, Number of Well Permits, November-December
2010, January-December 2011, and January 1-February 17, 2012*… 102
Figure 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Figure 58: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 104
Figure 59: Niobrara Shale, Wyoming, Major Companies by Horizontal Well Permits,
2012… 106
Figure 60: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 108
Figure 61: Colorado, Niobrara Shale, Major Companies by Gross Production, MMboe,
2011… 110
Figure 62: Barnett Shale Combo Play Overview, Texas, 2012… 114
Figure 63: Cana-Woodford Shale, Location Map… 115
Figure 64: Oklahoma Woodford Play, Oil, Gas and Condensate Presence… 116
Figure 65: Tuscaloosa Marine Shale, The US, Location Map, 2012… 117
Figure 66: The Green River Oil Shale, Location Map… 119
Figure 67: Wolfcamp Shale, The US, Location Map, 2012… 120


Summary

“Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis,
Industry Developments and Forecasts to 2020” is the latest report, the industry
analysis specialist, and analyzes the developments in the unconventional oil
sector globally. The report provides an overview of the unconventional oil
market by key resource types, including Canada’s oil sands, North America’s oil
shales and Venezuela’s extra-heavy crude oil. It also analyses some of the major
drivers and challenges for the unconventional oil industry. The report also
provides historic and projected production of unconventional oil through to 2020,
the mergers and acquisitions in major unconventional oil markets
(Canada’s oil sands industry, Venezuela’s extra-heavy oil sector and North America’s
oil shales market) and the competitive landscape in the unconventional oil industry.

The report is compiled using data and information sourced from proprietary databases,
primary and secondary research, and in-house analysis by this team of industry
experts.

Scope


This report provides an analysis of the unconventional oil industry
(oil shales, oil sands, and extra-heavy crude oil). The report primarily focuses on -
- Drivers and challenges in the unconventional oil industry and production forecasts
to 2020
- The oil sands industry in Canada, including production forecasts until 2020
- The extra-heavy crude oil industry in Venezuela
- The major and emerging liquids-rich shale plays in North America
- Financial deal (mergers, acquisitions and asset transactions) activities in major
unconventional oil markets


Reasons to buy


This report will enhance your decision-making capabilities. It will allow you to -
- Identify some of the key drivers and challenges of the unconventional oil market
- To know the current global production of unconventional oil and the production 
estimates to 2020
- Develop insights about the historic production of oil sands, extra heavy crude oil
and oil shale and forecasts until 2020
- Gain insights into the financial deal (mergers, acquisitions and asset transactions)
activity in the unconventional oils industry in recent years
- Understand the key companies involved in the unconventional oil industry


Price

Single User Price : $3,995
Site License Price : $7,990
Enterprisewide Price (Global Site License) : $11,985


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
in any form by any means, electronic, mechanical, photocopying, recording or otherwise,
without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Eagle Ford Shale, Operational Overview
Granite Wash Play Overview
Niobrara Shale, Operational Overview

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Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
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Equipment ID   : 1691
Equipment name   : Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
Category   : Research Reports
Specifications   : Name of the Report :
Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market 
Analysis, Industry Developments and Forecasts to 2020


Published Date : 28-Dec-2012
No. of pages : 126

Table of Contents

1 Table of Contents
1 Table of Contents… 4
1.1 List of Tables… 6
1.2 List of Figures… 8
2 Introduction… 10
2.1 Overview… 10
2.2 Report Guidance… 11
3 Unconventional Oil - Overview… 12
3.1 Unconventional Oil Account for about 3.2% of Global Oil Production… 14
3.2 Unconventional Oil Production is Expected to Surpass 2,100 MMbbl by 2020… 16
3.3 Unconventional Oil - Key Drivers and Challenges… 17
3.3.1 The Alberta Province Holds more than 97% Oil Sands Deposits in Canada… 17
3.3.2 The Green River Formation in the US has one of the Largest Concentrations of Oil
Shale Deposits in the World… 18
3.3.3 Sustained High Crude Oil Prices Encouraging Development of Unconventional Oil
Resources… 20
3.3.4 Pressure on Foreign Operators to Give PdVSA Compulsory Stake may Discourage 
them from Investing in Venezuelan Projects… 20
4 Canada’s Oil Sands - a Leading Contributor to Global Unconventional Oil Production… 21
4.1 Canada has the Third Largest Proved Oil Reserves in the World… 21
4.2 Oil Sands Industry Continues to Attract Foreign Investment due to Favorable Business
Climate in Canada… 22
4.3 Oil Sands Industry Continues to Attract Criticism due to High Water Use and
Greenhouse Gas Emissions… 23
4.4 Oil Sands in Canada - Historic Production and Major Oil Sands Projects… 24
4.4.1 Oil Sands Industry in Canada Produced 581.9 MMbbl of Bitumen and Synthetic Crude
in 2011… 24
4.4.2 Athabasca Region Recorded the Largest Bitumen Production from Oil Sands in 
Canada for 2011… 24
4.4.3 Mining Accounts for about 52.1% of Bitumen and Synthetic Crude Production from
Canada’s Oil Sands in 2011… 25
4.4.4 Heavy Oil Upgraders in the Canadian Oil Sands Industry Recorded a Capacity
of 453.1 MMbbl for 2011… 26
4.4.5 Syncrude is the Largest Heavy Oil Upgrader Project in Canada as of 2011… 27
4.5 Oil Sands in Canada - Production Forecasts… 28
4.5.1 Oil Sands Industry in Canada is expected to Produce 3.2 MMbbl/d of Bitumen and
Synthetic Crude by 2020… 28
4.5.2 Heavy Oil Upgraders Capacity in the Canadian Oil Sands Industry is Expected to
Reach 542.5 MMbbl by 2020… 29
4.6 Oil Sands in Canada - Competitive Landscape… 30
4.6.1 Suncor Energy had Net Proved and Probable (2P) Bitumen Reserves of 1,164 MMbbl 
by the End of 2011… 30
4.6.2 Imperial Oil Limited Reported Net Proved Bitumen Reserves of 2,413 MMbbl by the
End of 2011… 31
4.6.3 Shell Produced 45 MMbbl of Synthetic Crude Oil in 2011… 32
4.6.4 Canadian Natural Resources Limited is One of the Major Independent Crude Oil
and Natural Gas Producers in Canada… 34
5 Venezuela Extra-heavy Crude Oil Reserves are Key Contributors to Global Proved Oil
Reserves… 36
5.1 Venezuela is the Second Largest Developer of Oil Sands in the World after 
Canada… 36
5.2 Orinoco Extra-heavy Oil Belt Constitutes about 75% of Venezuela’s Total Proved Oil
Reserves… 38
5.2.1 Exploration at the Orinoco Oil Belt Started in 1920… 38
5.3 Orinoco Extra-heavy and Heavy Oil Belt Blocks… 38
5.3.1 Boyaca Block… 39
5.3.2 Junin Block… 39
5.3.3 Ayacucho Block… 40
5.3.4 Carabobo Block… 41
5.4 Production Fields in Venezuelan Oriental Basin & Orinoco Oil Belt - Extra-heavy
and Heavy Crude Oil… 42
5.4.1 Major Extra-heavy Oil Producing Fields in Orinoco Oil Belt… 42
5.5 Heavy Oil Upgraders in Venezuela… 45
6 Bakken Shale is Among the Major Oil Shale Plays in the US… 46
6.1 Bakken Shale, Operational Overview… 47
6.1.1 Bakken Shale, Initial Production Rates… 47
6.1.2 Bakken Shale, Well Profile… 49
6.1.3 Bakken Shale, Production Trends, 2004-2020… 50
6.2 Bakken Shale, Drilling Activity, 2012… 56
6.2.1 Bakken Shale, Drilling Activities in North Dakota, 2011… 56
6.2.2 Bakken Shale, Drilling Activities in Montana, 2012… 58
6.3 Bakken Shale, Competitive Landscape… 60
6.3.1 Bakken Shale, Major Companies by Acreage, 2012… 60
6.3.2 Bakken Shale, Major Companies By Production, 2011… 62
6.4 Bakken Shale, Mergers and Acquisition Activities, 2012… 64
7 Eagle Ford Shale has Emerged as a Lucrative Liquid Rich Shale Play in the US… 67
7.1 Eagle Ford Shale, Operational Overview… 68
7.1.1 Eagle Ford Shale, Well Profile… 68
7.1.2 Eagle Ford Shale, Initial Production Rates… 69
7.1.3 Eagle Ford Shale, Production Trends, 2008-April 2012… 70
7.1.4 Eagle Ford Shale, Drilling Activity by Company, 2010-April 2012… 73
7.2 Eagle Ford Shale, Competitive Landscape… 74
7.2.1 Eagle Ford Shale, Companies by Acreage, 2012… 74
7.2.2 Eagle Ford Shale, Major Companies by Production, 2012… 75
7.2.3 Eagle Ford Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 79
8 Granite Wash Play Overview… 80
8.1 Granite Wash Play, Operational Overview… 82
8.1.1 Granite Wash, Initial Production Rates… 82
8.1.2 Granite Wash Play, Well Profile… 83
8.2 Granite Wash Play, Production Trends, 2004-2011… 84
8.2.1 Texas, Historical Production, 2004-2011… 84
8.2.2 Granite Wash Play, Historic and Forecast Production, 2004-2020… 85
8.3 Granite Wash Play, Drilling Activity, 2010-2011… 87
8.3.1 Granite Wash Play, Permits Issued, 2011… 87
8.3.2 Granite Wash Play, Drilling Activity by County, 2011… 87
8.4 Granite Wash Play, Competitive Landscape… 89
8.4.1 Granite Wash, Major Companies by Acreage… 89
8.4.2 Granite Wash, Major Companies by Production… 90
8.5 Granite Wash Play, Mergers and Acquisition Activity in the Play, 2007-2012… 93
9 Niobrara Shale Play is Gaining Attention of Oil and Gas Exploration and Production
Companies… 95
9.1 Niobrara Shale, Operational Overview… 96
9.1.1 Niobrara Shale, Initial Production Rates… 96
9.1.2 Niobrara Shale, Well Profile… 97
9.1.3 Niobrara Shale, Production Trends, 2007-2020… 98
9.2 Niobrara Shale, Drilling Activity, 2011-2012… 102
9.2.1 Niobrara Shale, Major Drilling Activities in Colorado, 2011-2012… 102
9.3 Niobrara Shale, Competitive Landscape… 108
9.3.1 Niobrara Shale, Major Companies by Acreage, 2012… 108
9.3.2 Niobrara Shale, Major Companies by Production, 2011… 110
9.4 Niobrara Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 112
10 Other Emerging Oil Shale Plays in North America… 114
10.1 Barnett Combo Play… 114
10.2 Cana Woodford Shale… 115
10.3 Tuscaloosa Marine Shale… 117
10.4 The Green River Basin Oil Shale Field… 119
10.5 Wolfcamp Shale Formation… 120

List of Tables

1.1 List of Tables
Table 1: Oil Sands Industry, Canada, Bitumen and Synthetic Production from Oil Sands
in Athabasca, Cold Lake and Peace River Areas, MMbbl, 2006-2011… 24
Table 2: Oil Sands Industry, Canada, Heavy Oil Upgraders Capacity, MMbbl, 
2006-2011… 26
Table 3: Oil Sands Industry, Canada, Details of Top Five Oil Sands Projects, bbl/d,
2011… 27
Table 4: Oil Sands Industry, Canada, Suncor Energy’s Bitumen and Synthetic
Crude Oil (SCO) Reserves (Gross and Net), MMbbl, 2011… 30
Table 5: Oil Sands Industry, Canada, Shell’s Synthetic Crude Oil and Bitumen Production,
Mbbl/d, 2009-2011… 32
Table 6: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Gross Crude
Oil and Bitumen Reserves in North America, MMbbl, 2011… 34
Table 7: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Capacity
Targets and Scheduled Start Dates for In Situ Projects, bbl/d, 2012… 35
Table 8: Extra-heavy Oil Industry, Venezuela, Details of Some of the Major Partnerships
for the Development of the Orinoco Oil Belt, 2010-April 2012… 37
Table 9: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy and Heavy Crude Oil
Exploration Fields in Boyaca Block, 2012… 39
Table 10: Extra-heavy Crude Oil Industry, Venezuela, Oricono Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Blocks in Junin Block, 2012… 39
Table 11: Extra-heavy Crude Oil Industry, Venezuela, Orinoco Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Assets in Ayacucho Block, 2012… 40
Table 12: Extra-heavy and Heavy Crude Oil Exploration, Exploration Assets in Venezuelan
Orinoco Heavy Oil Belt, Carabobo Block, 2012… 41
Table 13: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, MMboe, 2012… 42
Table 14: Extra-heavy Oil Industry, Venezuela, Hamaca Extra-heavy Oil Field Production,
MMbbl, 2006-2011… 43
Table 15: Extra-heavy Oil Industry, Venezuela, Petrozuata Extra-heavy Oil Field
Production, MMbbl, 2006-2011… 43
Table 16: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, Bitor Extra-heavy Oil Field, MMbbl, 2006-2011… 44
Table 17: Heavy Oil Upgraders Industry, Venezuela, Capacity of Upgraders, bbl/d,
2007-2012… 45
Table 18: Bakken Shale, Some of the Recent Wells Drilled and Initial Production Rates
by Major Companies, boed, 2012… 48
Table 19: Bakken Shale Wells, Decline Rate (%), North Dakota, 2012*… 49
Table 20: Bakken Shale, the US, Historical Crude Oil and Natural Gas Production (MMboe),
2004-2011… 51
Table 21: Bakken Shale, North Dakota, Historical Production (MMboe) and its Share in
Total North Dakota Crude Oil Production (%), 2004-2011… 52
Table 22: Bakken Shale, Montana, Historical Crude Oil and Natural Gas 
Production (MMboe) 2004-2011… 53
Table 23: Bakken Shale, the US, Historical and Forecast Production (MMboe),
2004-2020… 55
Table 24: Bakken Shale, North Dakota, Number of Producing Wells, 2007-2011*… 56
Table 25: Bakken Shale, North Dakota, Number of Gas Producing Wells, 2007-2011*… 57
Table 26: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 59
Table 27: Bakken Shale, Major Companies By Acreage, Canada and the US, Net Acres,
2012… 60
Table 28: Bakken Shale, Top 15 Companies by Production, North Dakota, MMboe, 
2011… 63
Table 29: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012*… 65
Table 30: Bakken Shale, the US, Major Mergers and Acquisitions by Deal Value ($m),
2012… 66
Table 31: Eagle Ford Shale, Average Decline Rates Per Well, 2012*… 68
Table 32: Eagle Ford Shale, Average Initial Production Rates of Some Major Companies,
2012… 69
Table 33: Historical Production from the Eagle Ford Shale, MMboe, 2008-April 2012… 70
Table 34: Eagle Ford Shale, Historic and Forecast Production, MMboe, 2004-2020… 72
Table 35: Eagle Ford Shale, Major Companies by Acreage, Net Acres, 2012*… 74
Table 36: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
January 2012-April 2012*… 76
Table 37: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
2011… 78
Table 38: Eagle Ford Shale, Major Deals by Oil and Gas Companies, 2008-2012… 79
Table 39: Granite Wash, Key Characteristics, 2012*… 81
Table 40: Unconventional Oil Industry, the US, Wells Drilled and Initial Production
Rates of Chaparral Energy in Granite Wash Play, 2010… 82
Table 41: Granite Wash Play, Average Decline Rates Per Well, 2011-2012*… 83
Table 42: Texas, Historical Production from the Granite Wash Play, MMboe,
2004-2011*… 84
Table 43: Granite Wash Play, Historic and Forecast Production, MMboe, 2004-2020… 86
Table 44: Granite Wash Play, Number of Well Permits Issued by County, Texas,
2009-2011*… 88
Table 45: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Table 46: Granite Wash Play, Major Companies by Gross Production, MMboe, 
2011*… 91
Table 47: Granite Wash Play, M&A Activities, 2007-October 2012*… 94
Table 48: Granite Wash Play, Recent Deals, 2007-October 2012*… 94
Table 49: Niobrara Shale, Wells Drilled and Initial Production Rates for Anadarko
Petroleum Corporation, November 2011… 96
Table 50: Niobrara Shale, Recent Wells Drilled and Initial Production Rates, 2011… 96
Table 51: Niobrara Shale, The US, Historical Crude Oil and Natural Gas Gross
Production, MMboe, 2007-2011*… 98
Table 52: Colorado, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 99
Table 53: Wyoming, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 100
Table 54: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Table 55: Niobrara Shale, Colorado, Number of Well Permits, November-December 2010,
January-December 2011, and January 1- February 17, 2012… 102
Table 56: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Table 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 105
Table 58: Niobrara Shale, Wyoming, Number of Horizontal Well Permits by Company,
2012*… 107
Table 59: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 109
Table 60: Colorado, Niobrara Shale, Major Companies by Production, MMboe, 
2011… 111
Table 61: Niobrara Shale, Major Merger and Acquisitions, 2012*… 112


List of Figures


1.2 List of Figures
Figure 1: Unconventional Oil Industry, Global, Geographic Distribution of Unconventional
Oil Resources, 2012… 12
Figure 2: Oil Industry, Global, Share of Extra-heavy Oil and Oil Sands in Proved Oil
Reserves, %, 2012… 13
Figure 3: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Oil Production, %, 2011… 14
Figure 4: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Unconventional Oil Production, %, 2011… 15
Figure 5: Oil Industry, Global, Estimated Production of Unconventional Oil, MMbbl, 
2011, 2015 and 2020… 16
Figure 6: Oil Sands Industry, Canada, Location of Oil Sands Deposits, 2012… 17
Figure 7: Oil Shale Industry, Global, Distribution of Oil Shale Deposits in Select
Countries, 2012… 18
Figure 8: Oil Shale Industry, The US, Locations of the Major Oil Shale Deposits,
2011… 19
Figure 9: Unconventional Oil Industry, The US, Locations of the Shale Plays, 2011… 20
Figure 10: Oil Sands Industry, Canada, Composition of Oil Sands, 2012… 21
Figure 11: Oil and Gas Industry, Canada, Foreign Direct Investments in the Canadian
Energy Sector, CAD$m, 2005-2011*… 22
Figure 12: Oil and Gas Industry, Canada, Greenhouse Gas Emissions by Sector,
2010… 23
Figure 13: Oil Sands Industry, Canada, Production of Bitumen and Synthetic Crude, 
MMbbl, 2006-2011… 24
Figure 14: Oil Sands Industry, Canada, Bitumen and Synthetic Crude Production from 
Oil Sands in Canada by Recovery Method, MMbbl, 2006-2011… 25
Figure 15: Oil Sands Industry, Canada, Expected Production of Bitumen and Synthetic
Crude, MMbbl, 2011-2020… 28
Figure 16: Oil Sands Industry, Canada, Expected Heavy Oil Upgraders Capacity, 
MMbbl,  2011-2020… 29
Figure 17: Oil Sands Industry, Canada, Imperial Oil’s Synthetic Oil and Bitumen Net
Proved Reserves, MMbbl, 2007-2011… 31
Figure 18: Oil Sands Industry, Canada, Shell’s Oil Sands Operations, 2011… 33
Figure 19: Unconventional Oil Industry, Venezuela, Location of Orinoco Oil Belt,
2010… 36
Figure 20: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Blocks,
Orinoco Heavy Crude Oil Belt, 2012… 38
Figure 21: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Production,
MMbbl, 2007-2011… 42
Figure 22: Bakken Shale, Operational Map and the Shale’s Formation, 2012… 46
Figure 23: Bakken Shale Formation, Stratigraphy, 2012*… 47
Figure 24: Bakken Shale Wells, Well Profile, 2012… 49
Figure 25: Bakken Shale, the US, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 50
Figure 26: Bakken Shale, North Dakota, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 52
Figure 27: Bakken Shale, Montana, Historical Crude Oil and Natural Gas
Production (Mmboe), 2004-2011*… 53
Figure 28: Bakken Shale, the US, Historical and Forecast Production (Mmboe),
2004-2020… 54
Figure 29: Bakken Shale, North Dakota, Number of Oil Producing Wells, 
2007-2011*… 56
Figure 30: Bakken Shale, North Dakota, Number of Gas Producing Wells, 
2007-2011*… 57
Figure 31: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 58
Figure 32: Bakken Shale, North Dakota, Top 15 Companies by Production (MMboe), 
2011… 62
Figure 33: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012**… 64
Figure 34: Eagle Ford Shale, Location, The US, 2012… 67
Figure 35: Eagle Ford Shale, Well Profile, 2012*… 68
Figure 36: Eagle Ford Shale, Historical Production, MMboe, 2008-April 2012… 70
Figure 37: Eagle Ford Shale, Historic and Forecast Production, MMboe, 
2004-2020… 71
Figure 38: Eagle Ford Shale, Number of Drilling Permits for Selected Operators, Texas, 
January 2012-April 2012… 73
Figure 39: Eagle Ford Shale, Top 20 Companies by Gross Production, Texas, MMboe, 
January 2012-April 2012*… 75
Figure 40: Eagle Ford Shale, Top 20 Companies by Production, MMboe, 2011… 77
Figure 41: Unconventional Oil Industry, US, Granite Wash Play, Location Map, 
2012… 80
Figure 42: Granite Wash Formation, Stratigraphy,ft, 2012… 81
Figure 43: Granite Wash, Well Profile, 2011… 83
Figure 44: Texas, Granite Wash Play, Historical Production, MMboe, 2004-2011*… 84
Figure 45: Granite Wash Play, Historic and Forecast Production, MMboe, 
2004-2020… 85
Figure 46: Granite Wash Play, Number of Well Permits by County, Texas, 
2009-2011*… 88
Figure 47: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Figure 48: Granite Wash Play, Top 10 Companies by Gross Production, MMboe, 
2011*… 90
Figure 49: Granite Wash Play, Merger and Acquisition Activity, 
2007-December 2011… 93
Figure 50: Niobrara Shale Formation, Northeastern Colorado, Stratigraphy, 2012*… 95
Figure 51: Niobrara Shale, Well Profile, 2012*… 97
Figure 52: Niobrara Shale, The US, Historical Crude Oil and Gas Gross Production,
MMboe, 2007-2011*… 98
Figure 53: Colorado, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 99
Figure 54: Wyoming, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 100
Figure 55: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Figure 56: Niobrara Shale, Colorado, Number of Well Permits, November-December
2010, January-December 2011, and January 1-February 17, 2012*… 102
Figure 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Figure 58: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 104
Figure 59: Niobrara Shale, Wyoming, Major Companies by Horizontal Well Permits,
2012… 106
Figure 60: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 108
Figure 61: Colorado, Niobrara Shale, Major Companies by Gross Production, MMboe,
2011… 110
Figure 62: Barnett Shale Combo Play Overview, Texas, 2012… 114
Figure 63: Cana-Woodford Shale, Location Map… 115
Figure 64: Oklahoma Woodford Play, Oil, Gas and Condensate Presence… 116
Figure 65: Tuscaloosa Marine Shale, The US, Location Map, 2012… 117
Figure 66: The Green River Oil Shale, Location Map… 119
Figure 67: Wolfcamp Shale, The US, Location Map, 2012… 120


Summary

“Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis,
Industry Developments and Forecasts to 2020” is the latest report, the industry
analysis specialist, and analyzes the developments in the unconventional oil
sector globally. The report provides an overview of the unconventional oil
market by key resource types, including Canada’s oil sands, North America’s oil
shales and Venezuela’s extra-heavy crude oil. It also analyses some of the major
drivers and challenges for the unconventional oil industry. The report also
provides historic and projected production of unconventional oil through to 2020,
the mergers and acquisitions in major unconventional oil markets
(Canada’s oil sands industry, Venezuela’s extra-heavy oil sector and North America’s
oil shales market) and the competitive landscape in the unconventional oil industry.

The report is compiled using data and information sourced from proprietary databases,
primary and secondary research, and in-house analysis by this team of industry
experts.

Scope


This report provides an analysis of the unconventional oil industry
(oil shales, oil sands, and extra-heavy crude oil). The report primarily focuses on -
- Drivers and challenges in the unconventional oil industry and production forecasts
to 2020
- The oil sands industry in Canada, including production forecasts until 2020
- The extra-heavy crude oil industry in Venezuela
- The major and emerging liquids-rich shale plays in North America
- Financial deal (mergers, acquisitions and asset transactions) activities in major
unconventional oil markets


Reasons to buy


This report will enhance your decision-making capabilities. It will allow you to -
- Identify some of the key drivers and challenges of the unconventional oil market
- To know the current global production of unconventional oil and the production 
estimates to 2020
- Develop insights about the historic production of oil sands, extra heavy crude oil
and oil shale and forecasts until 2020
- Gain insights into the financial deal (mergers, acquisitions and asset transactions)
activity in the unconventional oils industry in recent years
- Understand the key companies involved in the unconventional oil industry


Price

Single User Price : $3,995
Site License Price : $7,990
Enterprisewide Price (Global Site License) : $11,985


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
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without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
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Equipment ID   : 1691
Equipment name   : Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis
Category   : Research Reports
 
Specifications  :
Name of the Report :
Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market 
Analysis, Industry Developments and Forecasts to 2020


Published Date : 28-Dec-2012
No. of pages : 126

Table of Contents

1 Table of Contents
1 Table of Contents… 4
1.1 List of Tables… 6
1.2 List of Figures… 8
2 Introduction… 10
2.1 Overview… 10
2.2 Report Guidance… 11
3 Unconventional Oil - Overview… 12
3.1 Unconventional Oil Account for about 3.2% of Global Oil Production… 14
3.2 Unconventional Oil Production is Expected to Surpass 2,100 MMbbl by 2020… 16
3.3 Unconventional Oil - Key Drivers and Challenges… 17
3.3.1 The Alberta Province Holds more than 97% Oil Sands Deposits in Canada… 17
3.3.2 The Green River Formation in the US has one of the Largest Concentrations of Oil
Shale Deposits in the World… 18
3.3.3 Sustained High Crude Oil Prices Encouraging Development of Unconventional Oil
Resources… 20
3.3.4 Pressure on Foreign Operators to Give PdVSA Compulsory Stake may Discourage 
them from Investing in Venezuelan Projects… 20
4 Canada’s Oil Sands - a Leading Contributor to Global Unconventional Oil Production… 21
4.1 Canada has the Third Largest Proved Oil Reserves in the World… 21
4.2 Oil Sands Industry Continues to Attract Foreign Investment due to Favorable Business
Climate in Canada… 22
4.3 Oil Sands Industry Continues to Attract Criticism due to High Water Use and
Greenhouse Gas Emissions… 23
4.4 Oil Sands in Canada - Historic Production and Major Oil Sands Projects… 24
4.4.1 Oil Sands Industry in Canada Produced 581.9 MMbbl of Bitumen and Synthetic Crude
in 2011… 24
4.4.2 Athabasca Region Recorded the Largest Bitumen Production from Oil Sands in 
Canada for 2011… 24
4.4.3 Mining Accounts for about 52.1% of Bitumen and Synthetic Crude Production from
Canada’s Oil Sands in 2011… 25
4.4.4 Heavy Oil Upgraders in the Canadian Oil Sands Industry Recorded a Capacity
of 453.1 MMbbl for 2011… 26
4.4.5 Syncrude is the Largest Heavy Oil Upgrader Project in Canada as of 2011… 27
4.5 Oil Sands in Canada - Production Forecasts… 28
4.5.1 Oil Sands Industry in Canada is expected to Produce 3.2 MMbbl/d of Bitumen and
Synthetic Crude by 2020… 28
4.5.2 Heavy Oil Upgraders Capacity in the Canadian Oil Sands Industry is Expected to
Reach 542.5 MMbbl by 2020… 29
4.6 Oil Sands in Canada - Competitive Landscape… 30
4.6.1 Suncor Energy had Net Proved and Probable (2P) Bitumen Reserves of 1,164 MMbbl 
by the End of 2011… 30
4.6.2 Imperial Oil Limited Reported Net Proved Bitumen Reserves of 2,413 MMbbl by the
End of 2011… 31
4.6.3 Shell Produced 45 MMbbl of Synthetic Crude Oil in 2011… 32
4.6.4 Canadian Natural Resources Limited is One of the Major Independent Crude Oil
and Natural Gas Producers in Canada… 34
5 Venezuela Extra-heavy Crude Oil Reserves are Key Contributors to Global Proved Oil
Reserves… 36
5.1 Venezuela is the Second Largest Developer of Oil Sands in the World after 
Canada… 36
5.2 Orinoco Extra-heavy Oil Belt Constitutes about 75% of Venezuela’s Total Proved Oil
Reserves… 38
5.2.1 Exploration at the Orinoco Oil Belt Started in 1920… 38
5.3 Orinoco Extra-heavy and Heavy Oil Belt Blocks… 38
5.3.1 Boyaca Block… 39
5.3.2 Junin Block… 39
5.3.3 Ayacucho Block… 40
5.3.4 Carabobo Block… 41
5.4 Production Fields in Venezuelan Oriental Basin & Orinoco Oil Belt - Extra-heavy
and Heavy Crude Oil… 42
5.4.1 Major Extra-heavy Oil Producing Fields in Orinoco Oil Belt… 42
5.5 Heavy Oil Upgraders in Venezuela… 45
6 Bakken Shale is Among the Major Oil Shale Plays in the US… 46
6.1 Bakken Shale, Operational Overview… 47
6.1.1 Bakken Shale, Initial Production Rates… 47
6.1.2 Bakken Shale, Well Profile… 49
6.1.3 Bakken Shale, Production Trends, 2004-2020… 50
6.2 Bakken Shale, Drilling Activity, 2012… 56
6.2.1 Bakken Shale, Drilling Activities in North Dakota, 2011… 56
6.2.2 Bakken Shale, Drilling Activities in Montana, 2012… 58
6.3 Bakken Shale, Competitive Landscape… 60
6.3.1 Bakken Shale, Major Companies by Acreage, 2012… 60
6.3.2 Bakken Shale, Major Companies By Production, 2011… 62
6.4 Bakken Shale, Mergers and Acquisition Activities, 2012… 64
7 Eagle Ford Shale has Emerged as a Lucrative Liquid Rich Shale Play in the US… 67
7.1 Eagle Ford Shale, Operational Overview… 68
7.1.1 Eagle Ford Shale, Well Profile… 68
7.1.2 Eagle Ford Shale, Initial Production Rates… 69
7.1.3 Eagle Ford Shale, Production Trends, 2008-April 2012… 70
7.1.4 Eagle Ford Shale, Drilling Activity by Company, 2010-April 2012… 73
7.2 Eagle Ford Shale, Competitive Landscape… 74
7.2.1 Eagle Ford Shale, Companies by Acreage, 2012… 74
7.2.2 Eagle Ford Shale, Major Companies by Production, 2012… 75
7.2.3 Eagle Ford Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 79
8 Granite Wash Play Overview… 80
8.1 Granite Wash Play, Operational Overview… 82
8.1.1 Granite Wash, Initial Production Rates… 82
8.1.2 Granite Wash Play, Well Profile… 83
8.2 Granite Wash Play, Production Trends, 2004-2011… 84
8.2.1 Texas, Historical Production, 2004-2011… 84
8.2.2 Granite Wash Play, Historic and Forecast Production, 2004-2020… 85
8.3 Granite Wash Play, Drilling Activity, 2010-2011… 87
8.3.1 Granite Wash Play, Permits Issued, 2011… 87
8.3.2 Granite Wash Play, Drilling Activity by County, 2011… 87
8.4 Granite Wash Play, Competitive Landscape… 89
8.4.1 Granite Wash, Major Companies by Acreage… 89
8.4.2 Granite Wash, Major Companies by Production… 90
8.5 Granite Wash Play, Mergers and Acquisition Activity in the Play, 2007-2012… 93
9 Niobrara Shale Play is Gaining Attention of Oil and Gas Exploration and Production
Companies… 95
9.1 Niobrara Shale, Operational Overview… 96
9.1.1 Niobrara Shale, Initial Production Rates… 96
9.1.2 Niobrara Shale, Well Profile… 97
9.1.3 Niobrara Shale, Production Trends, 2007-2020… 98
9.2 Niobrara Shale, Drilling Activity, 2011-2012… 102
9.2.1 Niobrara Shale, Major Drilling Activities in Colorado, 2011-2012… 102
9.3 Niobrara Shale, Competitive Landscape… 108
9.3.1 Niobrara Shale, Major Companies by Acreage, 2012… 108
9.3.2 Niobrara Shale, Major Companies by Production, 2011… 110
9.4 Niobrara Shale, Mergers and Acquisition Activity in the Play, 2008-2012… 112
10 Other Emerging Oil Shale Plays in North America… 114
10.1 Barnett Combo Play… 114
10.2 Cana Woodford Shale… 115
10.3 Tuscaloosa Marine Shale… 117
10.4 The Green River Basin Oil Shale Field… 119
10.5 Wolfcamp Shale Formation… 120

List of Tables

1.1 List of Tables
Table 1: Oil Sands Industry, Canada, Bitumen and Synthetic Production from Oil Sands
in Athabasca, Cold Lake and Peace River Areas, MMbbl, 2006-2011… 24
Table 2: Oil Sands Industry, Canada, Heavy Oil Upgraders Capacity, MMbbl, 
2006-2011… 26
Table 3: Oil Sands Industry, Canada, Details of Top Five Oil Sands Projects, bbl/d,
2011… 27
Table 4: Oil Sands Industry, Canada, Suncor Energy’s Bitumen and Synthetic
Crude Oil (SCO) Reserves (Gross and Net), MMbbl, 2011… 30
Table 5: Oil Sands Industry, Canada, Shell’s Synthetic Crude Oil and Bitumen Production,
Mbbl/d, 2009-2011… 32
Table 6: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Gross Crude
Oil and Bitumen Reserves in North America, MMbbl, 2011… 34
Table 7: Oil Sands Industry, Canada, Canadian Natural Resources Limited’s Capacity
Targets and Scheduled Start Dates for In Situ Projects, bbl/d, 2012… 35
Table 8: Extra-heavy Oil Industry, Venezuela, Details of Some of the Major Partnerships
for the Development of the Orinoco Oil Belt, 2010-April 2012… 37
Table 9: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy and Heavy Crude Oil
Exploration Fields in Boyaca Block, 2012… 39
Table 10: Extra-heavy Crude Oil Industry, Venezuela, Oricono Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Blocks in Junin Block, 2012… 39
Table 11: Extra-heavy Crude Oil Industry, Venezuela, Orinoco Heavy Oil Belt, Extra-heavy
and Heavy Crude Oil Exploration Assets in Ayacucho Block, 2012… 40
Table 12: Extra-heavy and Heavy Crude Oil Exploration, Exploration Assets in Venezuelan
Orinoco Heavy Oil Belt, Carabobo Block, 2012… 41
Table 13: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, MMboe, 2012… 42
Table 14: Extra-heavy Oil Industry, Venezuela, Hamaca Extra-heavy Oil Field Production,
MMbbl, 2006-2011… 43
Table 15: Extra-heavy Oil Industry, Venezuela, Petrozuata Extra-heavy Oil Field
Production, MMbbl, 2006-2011… 43
Table 16: Extra-heavy Oil Industry, Venezuela, Major Extra-heavy Oil Fields in Oriental
Basin, Bitor Extra-heavy Oil Field, MMbbl, 2006-2011… 44
Table 17: Heavy Oil Upgraders Industry, Venezuela, Capacity of Upgraders, bbl/d,
2007-2012… 45
Table 18: Bakken Shale, Some of the Recent Wells Drilled and Initial Production Rates
by Major Companies, boed, 2012… 48
Table 19: Bakken Shale Wells, Decline Rate (%), North Dakota, 2012*… 49
Table 20: Bakken Shale, the US, Historical Crude Oil and Natural Gas Production (MMboe),
2004-2011… 51
Table 21: Bakken Shale, North Dakota, Historical Production (MMboe) and its Share in
Total North Dakota Crude Oil Production (%), 2004-2011… 52
Table 22: Bakken Shale, Montana, Historical Crude Oil and Natural Gas 
Production (MMboe) 2004-2011… 53
Table 23: Bakken Shale, the US, Historical and Forecast Production (MMboe),
2004-2020… 55
Table 24: Bakken Shale, North Dakota, Number of Producing Wells, 2007-2011*… 56
Table 25: Bakken Shale, North Dakota, Number of Gas Producing Wells, 2007-2011*… 57
Table 26: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 59
Table 27: Bakken Shale, Major Companies By Acreage, Canada and the US, Net Acres,
2012… 60
Table 28: Bakken Shale, Top 15 Companies by Production, North Dakota, MMboe, 
2011… 63
Table 29: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012*… 65
Table 30: Bakken Shale, the US, Major Mergers and Acquisitions by Deal Value ($m),
2012… 66
Table 31: Eagle Ford Shale, Average Decline Rates Per Well, 2012*… 68
Table 32: Eagle Ford Shale, Average Initial Production Rates of Some Major Companies,
2012… 69
Table 33: Historical Production from the Eagle Ford Shale, MMboe, 2008-April 2012… 70
Table 34: Eagle Ford Shale, Historic and Forecast Production, MMboe, 2004-2020… 72
Table 35: Eagle Ford Shale, Major Companies by Acreage, Net Acres, 2012*… 74
Table 36: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
January 2012-April 2012*… 76
Table 37: Eagle Ford Shale, Top 20 Companies by Total Gross Production, Texas, MMboe,
2011… 78
Table 38: Eagle Ford Shale, Major Deals by Oil and Gas Companies, 2008-2012… 79
Table 39: Granite Wash, Key Characteristics, 2012*… 81
Table 40: Unconventional Oil Industry, the US, Wells Drilled and Initial Production
Rates of Chaparral Energy in Granite Wash Play, 2010… 82
Table 41: Granite Wash Play, Average Decline Rates Per Well, 2011-2012*… 83
Table 42: Texas, Historical Production from the Granite Wash Play, MMboe,
2004-2011*… 84
Table 43: Granite Wash Play, Historic and Forecast Production, MMboe, 2004-2020… 86
Table 44: Granite Wash Play, Number of Well Permits Issued by County, Texas,
2009-2011*… 88
Table 45: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Table 46: Granite Wash Play, Major Companies by Gross Production, MMboe, 
2011*… 91
Table 47: Granite Wash Play, M&A Activities, 2007-October 2012*… 94
Table 48: Granite Wash Play, Recent Deals, 2007-October 2012*… 94
Table 49: Niobrara Shale, Wells Drilled and Initial Production Rates for Anadarko
Petroleum Corporation, November 2011… 96
Table 50: Niobrara Shale, Recent Wells Drilled and Initial Production Rates, 2011… 96
Table 51: Niobrara Shale, The US, Historical Crude Oil and Natural Gas Gross
Production, MMboe, 2007-2011*… 98
Table 52: Colorado, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 99
Table 53: Wyoming, Historical Gross Production from the Niobrara Shale (MMboe),
2007-2011*… 100
Table 54: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Table 55: Niobrara Shale, Colorado, Number of Well Permits, November-December 2010,
January-December 2011, and January 1- February 17, 2012… 102
Table 56: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Table 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 105
Table 58: Niobrara Shale, Wyoming, Number of Horizontal Well Permits by Company,
2012*… 107
Table 59: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 109
Table 60: Colorado, Niobrara Shale, Major Companies by Production, MMboe, 
2011… 111
Table 61: Niobrara Shale, Major Merger and Acquisitions, 2012*… 112


List of Figures


1.2 List of Figures
Figure 1: Unconventional Oil Industry, Global, Geographic Distribution of Unconventional
Oil Resources, 2012… 12
Figure 2: Oil Industry, Global, Share of Extra-heavy Oil and Oil Sands in Proved Oil
Reserves, %, 2012… 13
Figure 3: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Oil Production, %, 2011… 14
Figure 4: Oil Industry, Global, Share of Oil Sands, Extra-heavy Oil and Shale Oil in
Total Unconventional Oil Production, %, 2011… 15
Figure 5: Oil Industry, Global, Estimated Production of Unconventional Oil, MMbbl, 
2011, 2015 and 2020… 16
Figure 6: Oil Sands Industry, Canada, Location of Oil Sands Deposits, 2012… 17
Figure 7: Oil Shale Industry, Global, Distribution of Oil Shale Deposits in Select
Countries, 2012… 18
Figure 8: Oil Shale Industry, The US, Locations of the Major Oil Shale Deposits,
2011… 19
Figure 9: Unconventional Oil Industry, The US, Locations of the Shale Plays, 2011… 20
Figure 10: Oil Sands Industry, Canada, Composition of Oil Sands, 2012… 21
Figure 11: Oil and Gas Industry, Canada, Foreign Direct Investments in the Canadian
Energy Sector, CAD$m, 2005-2011*… 22
Figure 12: Oil and Gas Industry, Canada, Greenhouse Gas Emissions by Sector,
2010… 23
Figure 13: Oil Sands Industry, Canada, Production of Bitumen and Synthetic Crude, 
MMbbl, 2006-2011… 24
Figure 14: Oil Sands Industry, Canada, Bitumen and Synthetic Crude Production from 
Oil Sands in Canada by Recovery Method, MMbbl, 2006-2011… 25
Figure 15: Oil Sands Industry, Canada, Expected Production of Bitumen and Synthetic
Crude, MMbbl, 2011-2020… 28
Figure 16: Oil Sands Industry, Canada, Expected Heavy Oil Upgraders Capacity, 
MMbbl,  2011-2020… 29
Figure 17: Oil Sands Industry, Canada, Imperial Oil’s Synthetic Oil and Bitumen Net
Proved Reserves, MMbbl, 2007-2011… 31
Figure 18: Oil Sands Industry, Canada, Shell’s Oil Sands Operations, 2011… 33
Figure 19: Unconventional Oil Industry, Venezuela, Location of Orinoco Oil Belt,
2010… 36
Figure 20: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Blocks,
Orinoco Heavy Crude Oil Belt, 2012… 38
Figure 21: Extra-heavy Crude Oil Industry, Venezuela, Extra-heavy Crude Oil Production,
MMbbl, 2007-2011… 42
Figure 22: Bakken Shale, Operational Map and the Shale’s Formation, 2012… 46
Figure 23: Bakken Shale Formation, Stratigraphy, 2012*… 47
Figure 24: Bakken Shale Wells, Well Profile, 2012… 49
Figure 25: Bakken Shale, the US, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 50
Figure 26: Bakken Shale, North Dakota, Historical Crude Oil and Natural Gas
Production (MMboe), 2004-2011*… 52
Figure 27: Bakken Shale, Montana, Historical Crude Oil and Natural Gas
Production (Mmboe), 2004-2011*… 53
Figure 28: Bakken Shale, the US, Historical and Forecast Production (Mmboe),
2004-2020… 54
Figure 29: Bakken Shale, North Dakota, Number of Oil Producing Wells, 
2007-2011*… 56
Figure 30: Bakken Shale, North Dakota, Number of Gas Producing Wells, 
2007-2011*… 57
Figure 31: Bakken Shale, Montana, Number of Wells Reported by Field, 2007-2012… 58
Figure 32: Bakken Shale, North Dakota, Top 15 Companies by Production (MMboe), 
2011… 62
Figure 33: Bakken Shale, the US, Merger and Acquisition Activities, Number of Deals
and Deal Value ($m), 2008-2012**… 64
Figure 34: Eagle Ford Shale, Location, The US, 2012… 67
Figure 35: Eagle Ford Shale, Well Profile, 2012*… 68
Figure 36: Eagle Ford Shale, Historical Production, MMboe, 2008-April 2012… 70
Figure 37: Eagle Ford Shale, Historic and Forecast Production, MMboe, 
2004-2020… 71
Figure 38: Eagle Ford Shale, Number of Drilling Permits for Selected Operators, Texas, 
January 2012-April 2012… 73
Figure 39: Eagle Ford Shale, Top 20 Companies by Gross Production, Texas, MMboe, 
January 2012-April 2012*… 75
Figure 40: Eagle Ford Shale, Top 20 Companies by Production, MMboe, 2011… 77
Figure 41: Unconventional Oil Industry, US, Granite Wash Play, Location Map, 
2012… 80
Figure 42: Granite Wash Formation, Stratigraphy,ft, 2012… 81
Figure 43: Granite Wash, Well Profile, 2011… 83
Figure 44: Texas, Granite Wash Play, Historical Production, MMboe, 2004-2011*… 84
Figure 45: Granite Wash Play, Historic and Forecast Production, MMboe, 
2004-2020… 85
Figure 46: Granite Wash Play, Number of Well Permits by County, Texas, 
2009-2011*… 88
Figure 47: Granite Wash, Major Companies by Acreage, Net Acres, 2012*… 89
Figure 48: Granite Wash Play, Top 10 Companies by Gross Production, MMboe, 
2011*… 90
Figure 49: Granite Wash Play, Merger and Acquisition Activity, 
2007-December 2011… 93
Figure 50: Niobrara Shale Formation, Northeastern Colorado, Stratigraphy, 2012*… 95
Figure 51: Niobrara Shale, Well Profile, 2012*… 97
Figure 52: Niobrara Shale, The US, Historical Crude Oil and Gas Gross Production,
MMboe, 2007-2011*… 98
Figure 53: Colorado, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 99
Figure 54: Wyoming, Historical Gross Production from the Niobrara Shale, MMboe,
2007-2011*… 100
Figure 55: Niobrara Shale, Expected Gross Production, MMboe, 2007-2020… 101
Figure 56: Niobrara Shale, Colorado, Number of Well Permits, November-December
2010, January-December 2011, and January 1-February 17, 2012*… 102
Figure 57: Niobrara Shale, Colorado, Total Number of Well Permits by Companies, 
January 2012-September 18, 2012*… 103
Figure 58: Niobrara Shale, Colorado, Total Number of Well Permits by Companies,
2011*… 104
Figure 59: Niobrara Shale, Wyoming, Major Companies by Horizontal Well Permits,
2012… 106
Figure 60: Niobrara Shale, Top Companies by Acreage, Net Acres, 2012*… 108
Figure 61: Colorado, Niobrara Shale, Major Companies by Gross Production, MMboe,
2011… 110
Figure 62: Barnett Shale Combo Play Overview, Texas, 2012… 114
Figure 63: Cana-Woodford Shale, Location Map… 115
Figure 64: Oklahoma Woodford Play, Oil, Gas and Condensate Presence… 116
Figure 65: Tuscaloosa Marine Shale, The US, Location Map, 2012… 117
Figure 66: The Green River Oil Shale, Location Map… 119
Figure 67: Wolfcamp Shale, The US, Location Map, 2012… 120


Summary

“Unconventional Oil (Oil Shales, Oil Sands and Extra-heavy Oil) - Market Analysis,
Industry Developments and Forecasts to 2020” is the latest report, the industry
analysis specialist, and analyzes the developments in the unconventional oil
sector globally. The report provides an overview of the unconventional oil
market by key resource types, including Canada’s oil sands, North America’s oil
shales and Venezuela’s extra-heavy crude oil. It also analyses some of the major
drivers and challenges for the unconventional oil industry. The report also
provides historic and projected production of unconventional oil through to 2020,
the mergers and acquisitions in major unconventional oil markets
(Canada’s oil sands industry, Venezuela’s extra-heavy oil sector and North America’s
oil shales market) and the competitive landscape in the unconventional oil industry.

The report is compiled using data and information sourced from proprietary databases,
primary and secondary research, and in-house analysis by this team of industry
experts.

Scope


This report provides an analysis of the unconventional oil industry
(oil shales, oil sands, and extra-heavy crude oil). The report primarily focuses on -
- Drivers and challenges in the unconventional oil industry and production forecasts
to 2020
- The oil sands industry in Canada, including production forecasts until 2020
- The extra-heavy crude oil industry in Venezuela
- The major and emerging liquids-rich shale plays in North America
- Financial deal (mergers, acquisitions and asset transactions) activities in major
unconventional oil markets


Reasons to buy


This report will enhance your decision-making capabilities. It will allow you to -
- Identify some of the key drivers and challenges of the unconventional oil market
- To know the current global production of unconventional oil and the production 
estimates to 2020
- Develop insights about the historic production of oil sands, extra heavy crude oil
and oil shale and forecasts until 2020
- Gain insights into the financial deal (mergers, acquisitions and asset transactions)
activity in the unconventional oils industry in recent years
- Understand the key companies involved in the unconventional oil industry


Price

Single User Price : $3,995
Site License Price : $7,990
Enterprisewide Price (Global Site License) : $11,985


Disclaimer
All Rights Reserved.

No part of this publication may be reproduced, stored in a retrieval system or transmitted
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without the prior permission of the publisher.

The facts of this report are believed to be correct at the time of publication but cannot be
guaranteed. Please note that the findings, conclusions and recommendations that the
publisher delivers will be based on information gathered in good faith from both primary
and secondary sources, whose accuracy we are not always in a position to guarantee.
As such the publisher accept no liability whatever for actions taken based on any
information that may subsequently prove to be incorrect.

To order this report, please send an email to mail@worldoils.com
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Search words (for official use only) :

Unconventional Oil - Overview
Oil Sands in Canada - Production Forecasts
Orinoco Extra-heavy and Heavy Oil Belt Blocks
Heavy Oil Upgraders in Venezuela
Bakken Shale, Initial Production Rates
Eagle Ford Shale, Operational Overview
Granite Wash Play Overview
Niobrara Shale, Operational Overview

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