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

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

Topaz notes drilling, log results of Barnett shale well

Sep 8, 2010

Topaz Resources Inc. reported the drilling and log results of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.

Topaz drills first of three Barnett shale wells to total depth

Aug 30, 2010

Topaz Resources Inc. has reached the targeted depth of its Barnett Shale well located in the "oil" leg of the Barnett shale formation in North Texas.

Devon and Chesapeake are top ranked companies in Barnett Shale production

Aug 1, 2010 Oklahoma City-based Devon Energy, the eighth-largest oil and gas producer in the United States based on total assets and stockholder equity, ranks as the top producer in Texas' Barnett Shale.

Bakken Shale has largest oil deposits in US outside the oil fields of Alaska

Aug 1, 2010 Located in the Williston Basin in Montana and North Dakota and in the Canadian provinces of Saskatchewan and Manitoba, the Bakken Shale subsurface formation is mainly an oil play.

Mitchell honored for contribution to shale gas revolution

Aug 1, 2010 In this, the branded "unconventional resources" issue of Oil & Gas Financial Journal, it seems only fitting to dedicate this column to George P. Mitchell, the man credited with pioneering hydraulic fracturing—the technology that has unlocked shale gas and revolutionized the oil and gas industry.

Range Resources, Chesapeake, EQT among largest producers in Marcellus

Aug 1, 2010 The Marcellus Shale play extends through the northern half of the Appalachian Mountain chain in the states of Pennsylvania, New York, West Virginia, and eastern Ohio.

Mitchell honored for contribution to shale gas revolution

Aug 1, 2010 In this, the branded "unconventional resources" issue of Oil & Gas Financial Journal, it seems only fitting to dedicate this column to George P. Mitchell, the man credited with pioneering hydraulic fracturing—the technology that has unlocked shale gas and revolutionized the oil and gas industry.

Bakken Shale has largest oil deposits in US outside the oil fields of Alaska

Aug 1, 2010 Located in the Williston Basin in Montana and North Dakota and in the Canadian provinces of Saskatchewan and Manitoba, the Bakken Shale subsurface formation is mainly an oil play.

Devon and Chesapeake are top ranked companies in Barnett Shale production

Aug 1, 2010 Oklahoma City-based Devon Energy, the eighth-largest oil and gas producer in the United States based on total assets and stockholder equity, ranks as the top producer in Texas' Barnett Shale.

Topaz begins drilling in oil-leg of Barnett

Jul 16, 2010

Topaz Resources Inc. has commenced drilling its next well in the "oil" leg of the Barnett shale formation in North Texas.

Topaz Resources starts second Barnett shale drilling program

Jun 24, 2010

George P. Mitchell receives lifetime achievement award from GTI

Jun 18, 2010

Houston oilman George P. Mitchell has been awarded a Lifetime Achievement Award from the Gas Technology Institute. The founder of Mitchell Energy & Development Corp., Mitchell received the prestigious honor for pioneering hydraulic fracturing and drilling technologies that created a shale gas revolution.

Devon Energy Woodford shale update

May 30, 2010

When independent oil and gas exploration and production company Devon Energy Corp. presented at the UBS Global Oil and Gas Conference in May, the company briefed analysts and investors on its current 2010 capital expenditure budget that reinforced its position in the oil and gas shale plays.

Gateway terminates CEO, CFO; board members resign

May 21, 2010

On May 19, 2010, midstream energy company Gateway Energy Corp.’s board of directors terminated, without cause, the employment of Robert Panico, Gateway's CEO and president; and Christopher Rasmussen, Gateway's CFO.

Devon Energy sells $1.05B in Gulf of Mexico shelf assets to Apache

Apr 14, 2010

Independent energy company Devon Energy Corp. has agreed to sell all of its Gulf of Mexico shelf assets to Apache Corp. for $1.05 billion, or roughly $840 million after tax.

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

OGFJ Webcasts

There is no current content available.