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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

      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

    Packers Plus acquires ReTek Energy Products

    Nov 28, 2014

    Packers Plus Energy Services (USA) Inc., a wholly owned subsidiary of Packers Plus Energy Services Inc., an innovator of openhole multi-stage completion systems, has acquired Texas-based ReTek Energy Products LLC. 

    Mexco Energy purchases oil and gas properties

    Nov 28, 2014

    Mexco Energy Corp. reports the purchase of various royalty interests ranging from .0018% to 1.1% revenue interests at a price of $580,000 covering  580 wells in 87 counties of eight US states.

    Commentary on OPEC decision not to cut production

    Nov 28, 2014

    Bjørnar Tonhaugen, vice president of Oil & Gas Markets for Rystad Energy, commented on OPEC’s decision on Nov. 27 not to cut current levels of production, which pushed down oil prices. Oil futures traded near a 4½-year low on Nov. 28.

    Fitch: Gas supply near 5-year avg., but less shale drilling a concern

    Nov 26, 2014

    Natural gas storage has largely recovered from the inventory depletions that followed la(t year's polar vortex winter despite the recent burst of cold weather in the US and related drawdown in gas inventories (-17 billion cubic feet), according to Fitch Ratings.

    Foxcode closes $210M bond issuance for US Shale Solutions

    Nov 25, 2014

    Foxcode Inc., a merchant banking firm, has closed a $210 million bond issuance of three-year senior secured notes to form US Shale Solutions Inc. 

    AEPB closes notes offering, acquisition

    Nov 25, 2014

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP, reports the initial closing of an offering by its immediate parent, American Energy Permian Holdings LLC, of $515 million of 8.0% exchangeable junior subordinated notes due 2022, the net proceeds of which are being contributed to AEPB in exchange for preferred units. 

    PAA to expand Cactus Pipeline takeaway capacity

    Nov 25, 2014

    Plains All American Pipeline LP plans to provide additional pumps to increase the takeaway capacity of the Cactus Pipeline in response to higher regional production forecasts and shipper demand.

    Most Canadian E&Ps can deal with low oil prices for now

    Nov 24, 2014

    In the past few years, strong exploration and production activity has continued as technological advances in horizontal drilling and hydraulic fracturing has led production from unconventional resources to generate high returns. With all this activity has come elevated operations spending, which high oil prices had been able to sustain. But Standard & Poor's Ratings Services says there are problems on the horizon.

    UGI begins service on two Marcellus projects

    Nov 24, 2014

    UGI Energy Services LLC, the midstream and energy marketing subsidiary of UGI Corp., has completed two midstream projects.

    Phillips 66 Partners and Paradigm form midstream logistics JVs

    Nov 24, 2014

    Phillips 66 Partners LP and Paradigm Energy Partners LLC have executed agreements to form two joint ventures to develop midstream logistics infrastructure in North Dakota. Consisting of two previously announced projects, the Sacagawea Pipeline and Palermo Rail Terminal, the joint ventures are designed to enhance logistical options for crude oil transportation in the Bakken region.

    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