• 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

    Chesapeake Energy sells stake in Barnett

    Jan 5, 2010

    Chesapeake Energy Corp. has agreed to a $2.25 billion joint venture with Total E&P USA Inc., a wholly-owned subsidiary of Total SA, whereby Total will acquire a 25% interest in Chesapeake's upstream Barnett Shale assets.

    OGFJ100P company update

    Jan 1, 2010 IHS Herold Inc., the independent research firm, has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

    Credit increase gives Carrizo access to additional $148M

    Dec 16, 2009

    The banking syndicate of Houston-based Carrizo Oil & Gas Inc., led by Wells Fargo as administrative agent, has agreed to increase its borrowing base from $284 million to $350 million.

    Australia breaks ground on $48B Gorgon project

    Dec 1, 2009

    A groundbreaking ceremony in Western Australia has marked the formal start of Chevron's A$43 billion Gorgon project on Barrow Island.

    NAPE: How much oversupply do we really have?

    Aug 28, 2009

    With US production up, LNG imports up, Canadian imports down and so on and so forth, just how much oversupply is the industry really facing?

    Devon Energy ranks No. 1 in Barnett Shale

    Aug 1, 2009 Devon Energy Corp. takes top honors as the No. 1 producer in the Barnett Shale, and the company’s total gas production in that formation alone is enough for the Oklahoma City company to earn distinction as the overall leader in production from shale gas in the United States.

    Ernst & Young study finds industry profits down, long-term commitment remains constant

    Jun 22, 2009

    The oil and gas industry experienced increased exploration and production costs, a decline in ending oil reserves, and ultimately decreased profits. However, total capital spending for 2008 was up 35% from 2007 and natural gas reserves grew 4% in 2008, demonstrating the industry's long-term vision and commitment to providing a constant supply of oil and gas.

    Natural gas industry to get worse before it gets better

    May 21, 2009 Call it the calm before the storm. Despite a drastic decline in rig counts, low demand, coal capacity, and a wave of LNG capacity are set to depress the natural gas industry even further before signs of a rebound.

    Quicksilver divests stake in Barnett shale to Eni

    May 19, 2009

    Italy-based Eni has executed a strategic alliance with Quicksilver Resources Inc., an independent US natural gas producer, to acquire a 27.5% interest in the "Alliance" area, located between the cities of Fort Worth and Dallas in Northern Texas, which includes production from the Barnett Shale, for $280 million.

    Denbury divests 60% of Barnett shale assets to Talon

    May 14, 2009

    Denbury Resources Inc. will sell 60% of its Barnett Shale natural gas assets for $270 million to Talon Oil & Gas LLC, a privately-held company.

    Adams Feed #1 gas well drilling at Texas West project

    May 13, 2009

    Galloway Energy Inc. announced that the "Adams Feed #1" well, which is the first of the previously announced multi-well development program, has commenced drilling at the West Texas project in the Barnett Shale.

    Chesapeake curtails shale gas production in low price environment

    Apr 16, 2009

    Chesapeake Energy Corp. has elected to curtail roughly 400 million cubic feet (MMcf) per day of its gross natural gas production, mostly from the Barnett shale, due to continued low wellhead prices.

    Chesapeake makes public senior notes offering of $1.4B

    Mar 1, 2009 Chesapeake Energy Corp. priced its previously announced public offering of $425 million aggregate principal amount of 9.50% Senior Notes due 2015.

    With $3.3B and a new CEO, XTO ready to start 2009

    Nov 24, 2008 Few companies are able to grow CAPEX for 2009, and with that, grow reserves. XTO Energy Inc., however, has a plan. With a budget of $3.3 billion and a new CEO, the company is ready to face 2009.

    The company has set a $3.3 million budget for development and exploration expenditures, as well as an additional $500 million allocated for the construction of pipeline infrastructure and compression and processing facilities.

    Shale discoveries changing the energy industry

    Oct 27, 2008 US natural gas production is on the rise after 15 years on the decline. The difference? New technological developments making what was once considered "unreachable" deposits accessible.

    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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