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.

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

Stabilis Energy to purchase Encana’s domestic LNG business

Apr 15, 2014

Stabilis Energy has signed a definitive agreement to purchase substantially all of the US-based assets of Encana Natural Gas Inc., a subsidiary of Encana Corp.

American Energy Partners hires Launer as senior VP

Apr 15, 2014

American Energy Partners LP has hired Curt Launer as its senior vice president of capital formation.

 

Chevron, YPF continue development of Vaca Muerta shale in Argentina

Apr 14, 2014

Chevron Corp. confirms that subsidiaries of the company have signed agreements with the Argentine oil company YPF SA to continue development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province in Argentina.

Exterran Partners acquires assets from MidCon Compression

Apr 14, 2014

Exterran Partners LP and Exterran Holdings Inc. report that Exterran Partners has completed its acquisition of compression assets from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp., for approximately $360 million.

Oryx enters Permian with $300M equity commitment

Apr 9, 2014

Oryx Midstream Services LLC has received an equity commitment totaling up to $300 million, and will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and New Mexico.

FTSI offers $500 M of senior secured notes

Apr 8, 2014

FTS International Inc. (FTSI) plans to offer $500 million of senior secured notes due 2022 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933.

JAPEX begins commercial shale oil production in Onnagawa formation

Apr 7, 2014

Japan Petroleum Exploration Co. Ltd. (JAPEX) has been preparing for Japan’s first demonstration experiment of tight formation multistage fracturing at the Onnagawa formation (shale oil formation), which is distributed in the Fukumezawa oil field (one of the Sarukawa oil fields in Oga City, located in Japan’s Akita Prefecture).

Tortoise Capital Advisors offers open-end mutual fund

Apr 7, 2014

Tortoise Capital Advisors has introduced the Tortoise Select Opportunity Fund, an open-end mutual fund that has a dedicated focus on select opportunities across the energy value chain and beyond.

Osage enters into $30 M refinancing facility

Apr 5, 2014

Osage Exploration and Development Inc. reports that the company has entered into a new $30 million draw-down credit facility with Apollo Investment Corp.

Welch appointed EVP, CFO of JP Energy Partners

Apr 3, 2014

JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

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