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Ukraine Shale

Ukraine Shale News

Cub Spins Bit at M-23 Well in Eastern Ukraine

Cub Spins Bit at M-23 Well in Eastern Ukraine

The M-23 well is planned to a total depth of 2,550 metres with multiple objectives.

Cub, Nafta International to Jointly Develop Ukrainian Uhzgorod License

Premium content Cub, Nafta International to Jointly Develop Ukrainian Uhzgorod License

Cub Energy Inc. has entered into a share purchase agreement and Shareholders' Agreement with NAFTA INTERNATIONAL B.V., whereby NAFTA earns a 50% interest in the Company's newly formed…

Cub Energy to Drill 2-3 Ukraine Wells in 2016

Cub Energy to Drill 2-3 Ukraine Wells in 2016

KUB-Gas plans to drill two wells and perform several fracture stimulations in 2016.

Serinus Energy Looks for JV Partner in Romania

Serinus Energy Looks for JV Partner in Romania

Serinus Energy Inc. has provided the following update for its operations for the first quarter of 2016. Production Average corporate production for the first quarter was approximately 2,209…

Cub Awarded Expanded Ukraine License; 50,000 Acres

Cub Awarded Expanded Ukraine License; 50,000 Acres

The new Uzhgorod licence covers approximately 75,000 acres, which is a 50% increase from its original size of 50,000 acres.

Cub Keeps Production Flat in 4Q; 1,353 BOE/d

Cub Keeps Production Flat in 4Q; 1,353 BOE/d

Cub Energy Inc. reported the following update for its operations for the fourth quarter of 2015.

Cub Talks Ukraine's Reduction of Gas Royalty Rate

Cub Talks Ukraine's Reduction of Gas Royalty Rate

Cub Energy Inc. commented on the newly enacted law reducing gas royalties in Ukraine.

Serinus Energy Reiterates 2015 Capex

Serinus Energy Reiterates 2015 Capex

Serinus anticipates $17 million of total capital expenditures for 2015.

Cub Energy Awaits Government Royalty Reduction in Ukraine

Cub Energy Awaits Government Royalty Reduction in Ukraine

Cub is re-evaluating its future capital programs in light of the proposed reduction of royalty rates.

Legislative Woes Hamper Cub's 2Q Production

Legislative Woes Hamper Cub's 2Q Production

Production averaged 1,414 boe/d (98% natural gas) for the three months ended June 30, 2015, representing a 24% decrease from 1,868 boe/d in the comparative 2014 quarter.

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Ukraine Shale Rig Data: September 21, 2026

Ukraine Shale Overview

According to the US. EIA, the Ukraine has an estimated 197 trillion cubic feet (tcf) of risked gas in place and 42 trillion cubic feet (tcf) of technically recoverable shale gas reserves.  Ukraine is ranked as the second largest reserve behind Poland with 187trillion cubic feet (tcf) in Eastern Europe.

The southeastern extent of the Lublin Basin in the Ukraine, is considered the most promising however until initial wells are drilled and cored this resources is unproven.

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Ukraine Shale Mergers & Acquisitions

Ukraine Shale Transactions By Quarter ($MM)