Unconventional Oil & Gas

Shale plays first come to mind when one considers unconventional resources. These unconventional resource plays may yield natural gas, gas condensates, and crude oil. Some of the more noteworthy shale plays in North America include the Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.

SECTIONS

Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

  Rocky Mountain
Eagle Ford
  Bakken
   Shale Gas Plays

As a result of the game-changing North American shale revolution, many are predicting that the US and Canada combined will be self-sufficient in total liquids before 2020. Per Magnus Nysveen of Rystad Energy discusses the key implications of adding eight million barrels of liquids from tight plays in North America from 2010 to 2020

Click here to find out more.

With the crude to natural gas price ratio continuing in historically high territory many energy companies are looking for more opportunities to shift from producing cheap gas to producing premium-price oil. For that reason, one tight-oil play long in the background—the Tuscaloosa Marine Shale (TMS) in central Louisiana and southwestern Mississippi—is attracting new attention; particularly from drillers who think they’ve figured out how to deal with TMS’s challenging characteristics. But is TMS all its fracked up to be?

Part I   Part II 

Latest Unconventional News

Belle Fourche and Bridger Pipeline begin open season

Jul 23, 2014

Belle Fourche Pipeline Co. and Bridger Pipeline LLC have begun an open season to obtain volume commitments to support coordinated expansions of their Wyoming common carrier pipeline systems in order to substantially increase their capacity to transport crude petroleum from the Powder River Basin to Guernsey, Wyoming.

ENXP closes acquisition, convertible notes offering, and senior secured term loan

Jul 23, 2014

Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

ZaZa Energy enters into $7.5M capital markets transaction

Jul 22, 2014

ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

US capital expenditure on refining capacity additions to reach $4B by 2020

Jul 22, 2014

The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

Water management critical in Appalachia

Jul 18, 2014

The combining of horizontal drilling and fracture stimulation technology has revolutionized the oil and gas industry.

Shale advances in several countries

Jul 18, 2014

By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

Precision Drilling enters into alliance with Schlumberger

Jul 17, 2014

Precision Drilling Corp. has entered into a strategic technology and service agreement and marketing alliance with Schlumberger in order to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision’s Tier 1 drilling rigs and allows Precision access to Schlumberger’s bottomhole assembly and services.

 

Denton city council rejects partial ban on hydraulic fracturing

Jul 17, 2014

Denton, Texas, city council members have rejected a bid that would have made it the first city in the state to ban further permitting of hydraulic fracturing in the community, according to a report from the Associated Press.

Swift Energy closes Eagle Ford joint venture

Jul 16, 2014

Swift Energy Co. has closed its agreement with PT Saka Energi Indonesia to fully develop 8,300 acres of Fasken-area Eagle Ford shale properties owned by Swift Energy in Webb County, Texas.

OWL increases Permian portfolio through acquisition

Jul 15, 2014

Oilfield Water Logistics, a Natural Gas Partners portfolio company providing fluid management services to the energy industry, has acquired the saltwater disposal (SWD) well and pipeline infrastructure of Midland, Texas-based AggieTech Operating LLC. 

ConocoPhillips CEO on shale boom: We've only scratched the surface

Technology innovation has expanded the world’s energy resource base and the oil and gas industry will continue to working to supply that growth, said ConocoPhillips (NYSE:COP) chairman and CEO Ryan Lance.

©2014 Michael Stravato. Provided courtesy of the James A. Baker III Institute for Public Policy, Rice University.

Read the full article here. 


US tight oil production averaged 3.22 day MMbbl/d in 4Q13, according to US EIA estimates. This level was enough to push overall crude oil production in the US to an average of 7.84 MMbbl/d, more than 10% of total world production, up from 9% in the fourth quarter of 2012. Read more here

Can the shale gas rBart Willigers, Palantir Solutions Ltd. evolution currently taking place in the US be repeated elsewhere? Although significant volumes of unconventional gas deposits are present in Poland, France, Germany, Hungary, Sweden, Turkey, and the UK, shale gas developments are running many years behind their counterparts in the US. Skeptics have pointed out that differences in geology, taxes, public acceptance, environmental regulations and other factors in Europe vs. the US make for a tougher environment in which to develop unconventional resources. 

Read the article by Bart J. A. Willigers of Palantir Solutions Ltd. here