• 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.


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

    Eagle Ford
       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

    American Impact Energy acquires Permian Basin acreage

    Feb 26, 2015

    American Impact Energy has acquired over 18,000 prime leasehold acres in the Permian Basin.

    Dome Energy executes agreement for sale of US operations

    Feb 24, 2015

    Dome Energy AB has entered into a heads of agreement with PEDEVCO Corp. (d/b/a Pacific Energy Development) for the proposed sale of Dome's entire US asset base.

    Wood Mackenzie: Oil sands cash flows to fall by $23B in next two years

    Feb 24, 2015

    The operational cost of extracting bitumen from Canada's oil sands tops out at $37 per barrel for in-situ projects and $40 per barrel for mining projects, according to Wood Mackenzie's latest analysis.

    Marathon to further reduce drilling budget

    Feb 20, 2015

    After reporting an operating loss in the final quarter of 2014, Marathon Oil Corp. plans to further reduce its drilling budget, the company said Wednesday.

    Blackeagle acquires assets of Polaris Drilling

    Feb 19, 2015

    Blackeagle Energy Services, which provides oil and gas construction and fabrication, has purchased the assets of Polaris Drilling Inc., a company specializing in directional drilling.

    Crestwood Midstream responds to Quicksilver decision

    Feb 19, 2015

    Crestwood Midstream has responded to Quicksilver Resources Inc.'s Feb. 17 announcement that Quicksilver has decided to not make an interest payment currently due and to enter a 30-day grace period under the applicable indenture.  

    Gulf Coast Western acquires interest in Smackover formation

    Feb 18, 2015

    Gulf Coast Western LLC has purchased a large working interest in a block of leases covering 29,000 acres in Conecuh and Covington counties in Southern Alabama, where it plans to participate in several wells that will be drilled to test the Reef and Shoal intervals of the Smackover formation.

    Republic Services acquires Tervita

    Feb 18, 2015

    Republic Services Inc. has completed its acquisition of Tervita LLC, an environmental waste solutions provider serving oil and natural gas producers in the US.

    Phillips 66 Partners to acquire equity interests in pipeline systems for $1B

    Feb 17, 2015

    Phillips 66 Partners LP has reached an agreement with Phillips 66 to acquire Phillips 66's interests in three pipeline systems.

    US sets 2014 M&A record, driving global values to $185 billion

    Feb 16, 2015

    PLS reports that global upstream M&A markets saw an impressive 30% rise in deal value to $185.0 billion in 2014, mostly thanks to skyrocketing acquisition activity in the US.

    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