• 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

    Eagle Ford

    Eagle Ford Shale Description ImageThe Eagle Ford shale formation in South Texas runs from the US-Mexico border north of Laredo in a narrow band extending northeast for several hundred miles to just north of Houston. It is located directly below the Austin Chalk. The average thickness of the Eagle Ford shale is about 475 feet. The more active part of the region is mainly in McMullen, Maverick, Dimmit, La Salle, Karnes, Live Oak, and Atascosa counties. The formation produces both natural gas and oil, but it is the oil-producing and gas condensate areas that are hottest right now.

    Eagle Ford Shale Map

    Houston-based Apache Corp. and EOG Resources are two of the largest lease-holders in the Eagle Ford. Other major players include Petrohawk, Swift Energy, ExxonMobil, ConocoPhillips, Murphy Oil, Chesapeake, Cabot Oil & Gas, and Pioneer Natural Resources.

    Eagle Ford Shale News

    ZaZa Energy enters into $7.5M capital markets transaction

    Jul 22, 2014

    ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

    US capital expenditure on refining capacity additions to reach $4B by 2020

    Jul 22, 2014

    The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

    Private company update

    Jul 18, 2014

    Independent research firm IHS has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

    Lonestar Resources

    Jul 18, 2014

    Building an asset of consequence in the Eagle Ford

    Water management critical in Appalachia

    Jul 18, 2014

    The combining of horizontal drilling and fracture stimulation technology has revolutionized the oil and gas industry.

    Eagle Ford remains a powerhouse

    Jul 18, 2014

    With its liquids-rich offerings, the Eagle Ford Shale holds on to its powerhouse status. According to recent estimates by the Texas Railroad Commission, the South Texas black-gold mine is expected to pump 802,734 barrels a day in 2014.

    Unconventional play upside potential

    Jul 18, 2014

    The most promising growth may lie in the Permian

    Swift Energy closes Eagle Ford joint venture

    Jul 16, 2014

    Swift Energy Co. has closed its agreement with PT Saka Energi Indonesia to fully develop 8,300 acres of Fasken-area Eagle Ford shale properties owned by Swift Energy in Webb County, Texas.

    NGL adds additional water disposal facilities in Eagle Ford and Permian

    Jul 10, 2014

    NGL Energy Partners LP has added five new saltwater disposal facilities, which include a total of six recently completed disposal wells, for a cumulative cost of $83 million.

    Penn Virginia acquires Eagle Ford Shale assets

    Jul 10, 2014

    Penn Virginia Corp. (NYSE:PVA) has entered into a definitive agreement to acquire approximately 13,125 (11,660 net) Eagle Ford Shale acres in Lavaca County, Texas for approximately $45 million.

    Talisman, Statoil end effort to sell Eagle Ford joint venture

    Jul 9, 2014

    Talisman Energy Inc. and Statoil have ended their effort to sell their joint venture in the Eagle Ford basin after offers came in lower than expected, Bloomberg reported.

    Rockwater Energy Solutions purchases NeoHydro

    Jul 9, 2014

    Rockwater Energy Solutions Inc., a water management and environmental solutions provider to the oilfield industry, has purchased Neohydro Corp., a provider of water treatment technology to the oil field since 2007.

    Hawkwood Energy acquires assets in East Texas

    Jul 3, 2014

    Hawkwood Energy LLC, an independent upstream oil and gas company, has acquired producing and non-producing assets in Brazos, Leon, Madison, and Robertson counties, Texas. These assets establish the company as a significant player in the emerging Eagle Ford and Woodbine plays in East Texas.

    Oil & Gas M&A in upstream sector reaches $51.3B in Q214

    Jul 3, 2014

    Following a lacklustre first quarter for M&A activity in the oil and gas upstream sector, the second quarter of 2014 saw a spectacular rebound.

    Sanchez completes acquisition of new Eagle Ford core area

    Jul 1, 2014

    Sanchez Energy Corp. has closed its acquisition of Eagle Ford shale assets from wholly owned subsidiaries of Royal Dutch Shell plc with an effective date of January 1, 2014.  Including the $51.1 million deposit previously paid, total consideration for the acquisition was $553.5 million, comprising the $639 million purchase price less $85.5 million in normal and customary closing adjustments. 

    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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