• 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

    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.

    Range sells Barnett Shale assets to help fund 2011 capital spending

    Mar 1, 2011

    On Feb. 28, Range Resources Corp. announced its plan to sell its Barnett Shale properties in the Fort Worth Basin to a private company for $900 million.

    ONEOK Partners to invest up to $240 million in Cana-Woodford Shale and Granite Wash

    Dec 15, 2010

    GlobaLogix opens ops center to support Barnett producers

    Dec 15, 2010

    GlobaLogix, a Houston-based oilfield control and automation company, has opened a new operations center in Aledo, Texas to support oil and gas producers operating within the Barnett shale play.

    Italy's Eni takes Barnett knowledge to Polish shale gas play

    Dec 10, 2010

    Italy-based Eni SpA is entering the European unconventional gas area by agreeing to acquire Minsk Energy Resources and become operator of three licenses in the Polish Baltic Basin.

    US transactions rise in past month

    Dec 1, 2010 Two of the larger deals from mid-October to mid-November were the Chevron Corp. acquisition of Atlas Energy for $4.3 billion ($3.2 billion in cash and the assumption of about $1.1 billion in debt) and Newfield Exploration's purchase and sale agreement with EOG Resources in which Newfield acquired about 50,000 net acres in the Marcellus Shale in a transaction valued at roughly $405 million.

    EnerVest to buy Barnett shale assets from Talon

    Oct 27, 2010

    Houston-based EnerVest Ltd. has entered the Barnett shale with an agreement to purchase oil and natural gas assets from privately held Talon Oil & Gas LLC for $967 million.

    Barclays to buy $1.15B in Barnett shale assets from Chesapeake

    Oct 4, 2010

    Chesapeake Energy has sold a five-year VPP in the Barnett shale to Barclays Bank for $1.15 billion. The asset sale adds to near-term liquidity, but as noted by Jefferies & Co., also adds a layer of uncertainty for investors.

    Exterra adds acreage in Barnett Shale

    Sep 28, 2010

    Amarillo, Tex.- based Exterra Energy Inc. has signed an LOI to acquire 640 acres in the Barnett Shale

    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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