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  • 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.

    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

    Frontier Oilfield Services to trade on OTCQX

    Jun 16, 2015

    OTC Markets Group Inc. says that Frontier Oilfield Services Inc., a company specializing in saltwater recovery and drilling fluid disposal for the energy industry, has qualified to trade on the OTCQX marketplace.

    Capstone secures order for 25 microturbines as US markets begin to strengthen in shale plays

    Jun 3, 2015

    Capstone Turbine Corp. has received an order for 25 C65 microturbines to fulfill the continual expansion of existing oil and gas customer fleets in shale plays across the western US, which Capstone considers a clear market indicator that shale gas producers are continuing to focus on increasing efficiency while lowering their operating costs despite the low energy prices.  

    DW comments on US oilfield services rebalancing act

    May 18, 2015

    In Douglas-Westwood’s May 18 DW Monday, the company discusses its expectations for the oilfield services market.

    Tokyo Gas aims for more investments in US shale gas

    May 18, 2015

    Tokyo Gas Co. Ltd. plans to expand its investment in US shale gas production, according to Reuters. As Japan's biggest gas utility, the company is interested in investing in US shale as a hedge to its liquefied natural gas (LNG) imports from the US, which are contracted to start in 2016.

    SandRidge appoints Suter as SVP of production

    Apr 24, 2015

    SandRidge Energy Inc. has appointed John Suter as senior vice president of production, effective April 27.

    Crestwood Midstream responds to Quicksilver decision

    Feb 19, 2015

    Crestwood Midstream has responded to Quicksilver Resources Inc.'s Feb. 17 announcement that Quicksilver has decided to not make an interest payment currently due and to enter a 30-day grace period under the applicable indenture.  

    North American shale update

    Feb 11, 2015

    Since the previous quarter, the WTI oil price has dropped from approximately $97/bbl to $70/bbl. This change in price will influence the shale industry for the coming years and has resulted in lower activity within the oil plays for the short term.

    Oil price decline likely to affect local Texas economies and revenues

    Jan 14, 2015

    The dramatic decline in oil prices over the past six months may have implications for economic and revenue trends for certain Texas cities, counties, and school districts, according to Fitch Ratings.

    West to retire from Pioneer Energy Services

    Dec 16, 2014

    Pioneer Energy Services reports that Franklin "Red" C. West, executive vice president and president of the company’s Drilling Services segment, will retire, effective Jan. 1, 2015.

    Mexco Energy purchases oil and gas properties

    Nov 28, 2014

    Mexco Energy Corp. reports the purchase of various royalty interests ranging from .0018% to 1.1% revenue interests at a price of $580,000 covering  580 wells in 87 counties of eight US states.

    Pioneer closes sale of Barnett shale assets

    Sep 26, 2014

    Pioneer Natural Resources Co. has closed the sale of its Barnett shale assets in North Texas to an undisclosed private party for cash proceeds of $155 million. The transaction has an effective date of Aug. 1.

    Vantage postpones IPO

    Sep 25, 2014

    Vantage Energy Inc., which focuses on the Marcellus and Barnett shale plays, has postponed its previously announced initial public offering.

    Basic acquires Pioneer Fishing and Rental

    Sep 19, 2014

    Basic Energy Services Inc. has completed the acquisition of substantially all of the assets of Pioneer Fishing and Rental (PFR), a division of Pioneer Energy Services, for a total cash consideration of $16 million.

    PXD sells Hugoton, Barnett assets for $495M

    Aug 5, 2014

    Working to redeploy capital to its oily Sprayberry and Wolfcamp assets in the Permian Basin, Dallas-based Pioneer Natural Resources Co. has agreed to sell all of its assets in the Hugoton field and the Barnett Shale for total cash proceeds of $495 million.

    Denton city council rejects partial ban on hydraulic fracturing

    Jul 17, 2014

    Denton, Texas, city council members have rejected a bid that would have made it the first city in the state to ban further permitting of hydraulic fracturing in the community, according to a report from the Associated Press.

    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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