• 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

    Barnett Shale

    Barnett Shale Description Image

    The Barnett shale in north-central Texas lies in the Fort Worth Basin. Discovered in the 1950s, the Barnett was not commercially viable until the 1980s. Some geologists believe the formation could hold 30 trillion cubic feet of natural gas. A significant part of the drilling has occurred in the Fort Worth metro area, and Chesapeake Energy actually secured rights to drill beneath the Dallas-Fort Worth International Airport.

    Drilling in the Barnett shale intensified in the past decade as modern horizontal drilling and hydraulic fracturing techniques were perfected for drilling in shale. Devon Energy, Chesapeake Energy, XTO Energy, and EOG Resources are among the larger players in the Barnett shale. Two years ago, 70% of all US gas shale production came from the Barnett, but that percentage of the total has been declining as production has risen in other plays.

    Barnett Shale Map

    Barnett Shale News

    Baker Hughes gives second-quarter well count

    Jul 14, 2014

    Baker Hughes Inc. reports that the US onshore well count for the second quarter of 2014 was 9,394 wells, up 428 wells or 5% compared to the first quarter of the year. Compared to the second quarter of 2013, the well count was up 383 wells or 4%.

    KKR and Riverstone Holdings to form Trinity River Energy

    Jul 10, 2014

    KKR and Riverstone Holdings LLC report the signing of a definitive agreement to merge the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC to create Trinity River Energy LLC.

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Addax Minerals to sell mineral, royalty interests in Barnett shale

    Jul 1, 2014

    Addax Minerals has retained E-Spectrum Advisors LLC, an affiliate of Energy Spectrum Advisors Inc., to sell certain producing mineral and royalty interests in core areas of the Barnett shale play.

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company. 

    Approach Resources names Harris as vice president–land

    May 13, 2014

    Approach Resources Inc. reports that John L. Harris has been named to the position of vice president–land. He assumes the role following the retirement of Ralph P. Manoushagian, who has served as executive vice president–land since 2008.

    ARP acquires assets in West Virginia and Virginia

    May 13, 2014

    Atlas Resource Partners LP has completed its acquisition of long-lived, shallow-decline natural gas production in West Virginia and Virginia from GeoMet Inc. for $107 million.

    Margo joins Navigator as senior VP of engineering and operations

    Apr 4, 2014

    Navigator Energy Services LLC has appointed Randy Margo as senior vice president of engineering and operations. Margo will lead the construction and operation of Navigator’s Big Spring Gateway System, a crude oil gathering system.

    Atlas Pipeline Partners to review ownership interest in WTXLPG

    Mar 12, 2014

    Atlas Pipeline Partners LP has retained Citigroup Global Markets Inc. to begin a strategic review of its ownership interest in the West Texas LPG Pipeline Limited Partnership (WTXLPG). 

    Petrie: Four categories of risk for long term development of unconventionals

    Feb 6, 2014

    There are four categories of risk that must be addressed when talking about long term development of unconventional fossil fuels, said Tom Petrie, chairman of Petrie Partners.

    SMU scientists to deploy seismic monitors in North Texas

    Dec 10, 2013

    Seismologists from Southern Methodist University (SMU) near Dallas, Texas, will deploy a variety of seismic monitors in and around Azle, Texas, to study the recent burst of small earthquakes that have been occurring in the area northwest of Fort Worth.

    Baker Hughes reports on 3Q 2013 well count

    Oct 14, 2013

    Baker Hughes Inc. (NYSE:BHI) reports that the US onshore well count for the third quarter of 2013 is 9,175 wells; up 164 wells or 2% from the revised 9,011 wells counted in the second quarter of 2013. 

    EV Energy Partners acquires Barnett Shale property

    Sep 11, 2013

    EV Energy Partners LP reports that, along with certain institutional partnerships managed by EnerVest, Ltd., has signed an agreement to acquire natural gas properties in the Barnett Shale from Carrizo Oil and Gas Inc.

    Carrizo to sell off Barnett Shale assets, focus on oil

    Sep 6, 2013

    Carrizo Oil & Gas has agreed to sell off horizontal drilling assets in the Barnett Shale, East Texas and the Marcellus Shale for $268 million in order to repay debt and redeploy capital into its Eagle Ford operations. An affiliate of EnerVest Ltd. has reportedly snapped up the Barnett Shale assets, but Carrizo did not disclose the buyers of either the Marcellus Shale assets or the East Texas assets.

    Q1 2013 totals $21 billion globally as markets pause after Q4 buying spree

    May 1, 2013

    PLS reports that global upstream oil and gas M&A activity in Q1 2013 slowed to $20.6 billion in 106 deals with values disclosed (176 total deals) compared to a record $140.9 billion in Q4 2012 with 208 deals with values disclosed (306 total deals).

    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

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