• 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

    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).

    Quicksilver sells 25% interest in Barnett Shale assets to Tokyo Gas for $485 million

    Mar 29, 2013

    Fort Worth, Texas-based Quicksilver Resources Inc. [NYSE: KWK] said March 29 that it has agreed to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned US subsidiary of Tokyo Gas Co. Ltd.

    Total to cut US shale gas investment

    Jan 10, 2013

    Not long ago, supermajors, both foreign and domestic, entered into multi-million and multi-billion dollar agreements with US independents to get in on the North American shale gas boom. With deflated gas prices, it seems some companies may be looking decrease their level of investment.

    Pioneer Natural Resources looks to sell Barnett assets to pursue Permian, Eagle Ford properties

    Sep 7, 2012

    Looking to capitalize on higher rates of return from its Permian and Eagle Ford positions, Pioneer Natural Resources Co. said Thursday that it is looking to sell the 155,000 gross acres in the Barnett Shale that it has accumulated since entering the play in 2007.

    Moyes & Co. to sell Barnett Combo play leasehold

    Jun 19, 2012

    Moyes & Co. has been retained as exclusive financial advisor by a private London-based independent to sell an 87% working interest in approximately 2,006 net acres of leasehold with the potential to acquire an additional 952 net acres in eastern Clay County, Texas.  Eastern Clay County is located in the western area of the Barnett Combo Play.

    EGPI Firecreek, Cubo Energy to drill in Barnett Shale

    Apr 3, 2012

    Scottsdale, Ariz.-based EGPI Firecreek, Inc. announced a Letter of Intent to prepare and conduct drilling programs aimed at the Barnett Formation in West Central Texas with U.K.-based Cubo Energy, PLC.

    KKR grows natural gas footprint with third Barnett Shale acquisition

    Apr 2, 2012

    Expanding on recent acquisitions in various unconventional resource plays across the US, energy private equity firm Kohlberg Kravis Roberts & Co. LP (together with its affiliates, KKR) has agreed to acquire certain Barnett Shale and Arkoma Basin properties from WPX Energy for $306 million. 

    Carrizo to sell certain Barnett Shale assets to Atlas for $190M

    Mar 16, 2012

    Carrizo Oil & Gas Inc. has entered into a definitive agreement to sell a portion of its properties in the Barnett Shale to a subsidiary of Atlas Resource Partners for $190 million in cash.

    EVEP acquires over $1.2B in Barnett Shale assets

    Nov 3, 2011

    EV Energy Partners and certain other parties related to EnerVest have signed agreements with two companies to acquire over $1.2 billion in liquids-rich Barnett Shale assets in Montague, Wise, Denton, Parker and Tarrant counties.

    Energy Transfer Partners enters Woodford, Barnett Shale midstream agreement with XTO

    Oct 21, 2011

    Energy Transfer Partners LP announced October 20 that it has entered into a long-term, fee-based agreement with XTO Energy to provide natural gas gathering, processing and transportation services from both the Woodford and Barnett Shale regions.

    Quicksilver Resources to create MLP with Barnett assets to reduce debt

    Oct 20, 2011

    Forth Worth, TX-based natural gas and crude oil exploration and production company Quicksilver Resources Inc. announced its intent October 19 to create an MLP with a portion of its Barnett Shale assets.

    Encana plans to divest its Barnett Shale properties in North Texas

    Aug 25, 2011

    Encana Corporation says it intends to sell its North Texas natural gas producing assets in the Fort Worth Basin located in the Barnett Shale play.

    Legend partnerships merge; close $900M Barnett Shale purchase

    May 4, 2011

    The Legend Natural Gas partnerships have merged into one holding company and closed on the acquisition of $900 million in Barnett Shale assets from Range Resources Corp.

    Carrizo sells Barnett Shale assets to KKR for $104M

    Apr 27, 2011

    Houston-based Carrizo Oil & Gas Inc. has agreed to sell certain Barnett Shale assets to KKR Natural Resources for $104 million.

    Legend Natural Gas acquires Barnett Shale, South TX assets for combined $1B

    Mar 4, 2011

    Privately-held Legend Natural Gas IV LP came forward March 3 as the purchaser of Range Resources Corp.’s Barnett Shale assets as it detailed the recent signing of two oil and gas asset acquisition agreements totaling nearly $1 billion.

    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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