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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

    Twin Eagle breaks ground on Permian Rail Park

    Sep 1, 2015

    Twin Eagle Sand Logistics LLC, a subsidiary of Twin Eagle Resource Management LLC, has broken ground on the Permian Rail Park located on the Union Pacific Railway approximately eight miles west of the city of Big Spring, Texas.

     

    Gastar borrowing base maintained at $200M

    Sep 1, 2015

    Gastar Exploration Inc. has completed its second scheduled borrowing base redetermination of its revolving credit facility for 2015 and, as a result, the borrowing base has been reaffirmed by the lending participants at $200 million.

    LINN closes sale of remaining Permian Basin Wolfcamp acreage

    Aug 31, 2015

    LINN Energy LLC has closed the sale of its remaining position in Howard County in the Permian Basin for a contract price of approximately $281 million, subject to pre- and post-closing purchase price adjustments.

    Penn Virginia closes sale of East Texas assets

    Aug 31, 2015

    Penn Virginia Corp. has closed the sale of its East Texas assets. The net cash proceeds from the sale were approximately $74 million, including customary closing adjustments.


    WPX Energy sells Van Hook gathering system

    Aug 31, 2015

    WPX Energy has agreed to sell a North Dakota gathering system for $185 million to a private equity fund managed by the Ares EIF Group, a subsidiary of Ares Management LP.

    Summit Midstream COO plans to depart in September

    Aug 26, 2015

    Summit Midstream Partners LP’s COO, Rene Casadaban, plans to leave the company to pursue other interests. He will continue his employment with the company until Sept. 30 to help transition his duties.

    RSP Permian completes bolt-on Midland Basin acquisitions and increases borrowing base

    Aug 26, 2015

    RSP Permian Inc. has closed its bolt-on acquisitions in the company's existing core operating areas in the Midland Basin for an aggregate purchase price of $274 million in cash. 

    Oil production grows in Bakken and Eagle Ford

    Aug 21, 2015

    Oil production from key shale formations in North Dakota and Texas increased slightly in July from June, according to Bentek Energy, an analytics and forecasting unit of Platts.

    JOGMEC, Inpex begin study on technology for shale gas project in Canada

    Aug 20, 2015

    Japan Oil, Gas and Metals National Corp. (JOGMEC) and Inpex Corp. have begun a joint study on technology relating to shale gas development in the Horn River, Liard, and Cordova areas in the province of British Columbia, Canada, with Inpex Gas British Columbia Ltd. (IGBC, a subsidiary of Inpex) and Nexen Energy ULC (Nexen), a wholly owned subsidiary of CNOOC Ltd.

    Southcross Energy Partners and Southcross Holdings secure new equity commitment

    Aug 20, 2015

    Southcross Energy Partners LP and Southcross Holdings LP have secured a new $175 million equity commitment and have provided additional detail into distribution coverage and future drop-down plans.

    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