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  • 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 Bakken, Eagle Ford, Marcellus, Fayetteville, Woodford, Niobrara, Haynesville, 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

    Eagle Ford
      Bakken
       Shale Gas Plays Permian Basin

    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

    US oil drillers increase number of rigs despite price collapse

    Jul 27, 2015

    Baker Hughes data shows that US oil producers gained a total of 19 oil rigs in the past week, with Texas alone seeing a net gain of eight rigs – proving that operations are moving forward, despite current oil price challenges.

    EQT to construct header pipeline for Range Resources

    Jul 24, 2015

    EQT Midstream Partners LP has entered into a definitive agreement with Range Resources – Appalachia LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development.

    Black Ridge forms equity JV with Merced Capital

    Jul 24, 2015

    Black Ridge Oil & Gas Inc. has signed a definitive agreement with Merced Capital to form an entity that will acquire and develop Williston Basin non-operated assets. 

    Fairway Energy Partners to construct Houston crude oil storage facility

    Jul 23, 2015

    Fairway Energy Partners LLC has closed a private equity offering, the net proceeds of which will be used to fund the construction of the first phase of the Pierce Junction crude oil storage facility.

    UET sells Pawnee Crude Terminal to Arc Logistics Partners

    Jul 23, 2015

    United Energy Trading LLC (UET), together with Hawkeye Midstream LLC, has sold 100% of its subsidiary, UET Midstream LLC (Midstream), to ARC Terminals Holdings LLC, a wholly owned subsidiary of ARC Logistics Partners LP (ARCX), for a total adjusted sales price of $76.6 million consisting of both cash and ARCX common units.

    Five Point commits $75M to EVX Midstream Partners

    Jul 21, 2015

    Five Point Capital Partners LLC has made a $75 equity commitment from Five Point Capital Midstream Fund II LP to the newly formed EVX Midstream Partners.

    Noble closes acquisition of Rosetta Resources

    Jul 21, 2015

    Noble Energy Inc. closed its acquisition of Rosetta Resources Inc. on July 20, after Rosetta stockholders approved the merger. 

    President and CEO Whitehead to retire from Penn Virginia

    Jul 20, 2015

    H. Baird Whitehead has informed the board of directors of Penn Virginia Corp. of his plan to retire as president and CEO after more than 14 years of service, including four years in his current position.

    BHP Billiton to take $2B charge on Onshore US business

    Jul 16, 2015

    BHP Billiton expects to recognize an impairment charge of approximately US$2 billion post-tax (or approximately US$2.8 billion pre-tax) against the carrying value of its Onshore US assets as an exceptional item in the 2015 financial year results.

    Penn Virginia sells East Texas assets for $75 million

    Jul 16, 2015

    Penn Virginia Corp. has entered into an agreement to sell its East Texas assets to an undisclosed buyer for gross cash proceeds of $75 million. The sale is expected to close by the end of August.

    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