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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 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.

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    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

    ArcLight to Construct, Operate crude Oil Systems in Eagle Ford

    Jul 31, 2014

    ArcLight Capital Partners LLC reports that Republic Midstream LLC, a newly formed portfolio company, executed agreements with Penn Virginia Corp. to construct and operate a crude oil gathering system, a central delivery terminal complex, and an intermediate takeaway pipeline to serve Penn Virginia's prolific acreage position in the Eagle Ford shale play. 

    ONEOK to construct NG processing facility in North Dakota

    Jul 30, 2014

    ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Demicks Lake plant – and related infrastructure in northeast McKenzie County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.

    SM Energy acquires Bakken/Three Forks acreage

    Jul 30, 2014

    SM Energy Co. has entered into an agreement to acquire 61,000 net acres in Divide and Williams counties, North Dakota, directly adjacent to its Gooseneck area for $330 million.

     

    CONSOL prices upsized senior notes offering of $250M

    Jul 30, 2014

    CONSOL Energy Inc. reports the pricing of an additional $250 million of its 5.875% senior notes due 2022 at a price equal to 102.75% of the principal amount of the additional notes.

    Summit develops Bakken pipeline interconnect, storage assets

    Jul 30, 2014

    Summit Midstream Partners LLC (Summit Investments), the privately held company that owns and controls the general partner of Summit Midstream Partners LP (NYSE: SMLP) and also owns a 56.7% limited partner interest in SMLP, has provided a commercial update for its wholly owned operating subsidiaries, Meadowlark Midstream Co. LLC and Epping Transmission Co. LLC. 

    Newfield to sell Granite Wash assets for $588M

    Jul 30, 2014

    Newfield Exploration Co. reports the signing of a $588 million purchase and sale agreement for its Granite Wash assets to Templar Energy LLC (operating through Le Norman Operating LLC).

    PDC to sell interest in PDCM Marcellus JV; increases Utica acreage

    Jul 30, 2014

    PDC Energy Inc. has agreed to sell its 50% interest in PDC Mountaineer LLC, a Marcellus joint venture, to Mountaineer Keystone Energy LLC for $250 million.

    Independence Contract Drilling Launches IPO

    Jul 29, 2014

    Independence Contract Drilling Inc. has launched its initial public offering of 10,000,000 shares of common stock. The shares are expected to trade on the New York Stock Exchange under the ticker symbol "ICD."

    Osage appoints Holcombe to board of directors

    Jul 28, 2014

    Osage Exploration and Development Inc., an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, has appointed Gregory Holcombe as a new member of the company’s board of directors, effective Aug. 1. Holcombe will be Osage's first independent director. 

     

    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