• 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

    Earthstone and Oak Valley form strategic combination

    May 19, 2014

    Earthstone Energy Inc. and Oak Valley Resources LLC have entered into a definitive exchange agreement under which Earthstone will acquire all of the subsidiaries of Oak Valley, inclusive of producing assets, undeveloped acreage, and $138 million of cash, in exchange for 9.1 million shares of Earthstone’s common stock.

    Panhandle Oil and Gas to buy Eagle Ford assets

    May 16, 2014

    Panhandle Oil and Gas Inc. has agreed to purchase a 16% non-operated working interest in 11,100 gross leasehold acres (1,775 net acres) in the core of the Eagle Ford shale oil window in LaSalle and Frio counties, Texas, for $80,400,000 from private sellers.

    US Energy enters participation agreement in South Texas

    May 8, 2014

    Riverton, WY-based US Energy Corp. has entered into a participation agreement covering lands in Dimmit County, Texas with a private South Texas based oil and gas company.

    EnCana pays $3.1B to enter Eagle Ford

    May 7, 2014

    Encana, Canada’s largest natural gas producer, has entered a deal with Freeport-McMoRan Oil & Gas to purchase Eagle Ford shale assets for $3.1 billion.

    Permian becoming largest US tight oil play

    May 7, 2014

    Sabine Oil & Gas and Forest Oil plan to merge

    May 6, 2014

    Sabine Oil & Gas LLC and Forest Oil Corp. have signed a definitive merger agreement under which Sabine and Forest will combine their businesses in an all-stock transaction.

    Swift to develop Eagle Ford with PT Saka Energi

    May 6, 2014

    US subsidiaries of Swift Energy Co. (NYSE: SFY) and PT Saka Energi Indonesia have executed  definitive agreements to fully develop approximately 8,300 acres of Fasken area Eagle Ford shale properties owned by Swift Energy in Webb County, Texas.

    Stabilis Energy to purchase Encana’s domestic LNG business

    Apr 15, 2014

    Stabilis Energy has signed a definitive agreement to purchase substantially all of the US-based assets of Encana Natural Gas Inc., a subsidiary of Encana Corp.

    Horizon Energy signs oil and gas lease option

    Apr 7, 2014

    Horizon Energy Corp. has signed an option agreement for an oil and gas lease in Webb County, Texas. The land under consideration consists of two tracts totaling 1,340 acres located close to Mirando City.

    Welch appointed EVP, CFO of JP Energy Partners

    Apr 3, 2014

    JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

    Rosetta Resources increases borrowing base to $950 million

    Apr 3, 2014

    Rosetta Resources Inc. reports the amendment of its senior revolving credit facility to increase its borrowing base. Effective April 2, the company's borrowing base increased from $800 million to $950 million.

    Intertek opens Eagle Ford Shale laboratory in Texas

    Apr 2, 2014

    Intertek, a solutions provider, has opened a new laboratory in Elmendorf, Texas, to address the company's significant market opportunity in the Eagle Ford Shale market and to support the industry’s growing customer base in this region.

    Riverstone to sell R/C Sugarkane to Warwick Partners II

    Apr 2, 2014

    Riverstone Holdings LLC and Warwick Energy Group have signed a definitive agreement to which Riverstone/Carlyle Global Energy and Power Fund IV LP have agreed to sell R/C Sugarkane LLC to an entity affiliated with Warwick. 

    EIA: Five states, GOM produce over 80% of US crude oil

    Mar 31, 2014

    Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.

    Terrace Energy adds acreage in South Texas

    Mar 27, 2014

    Terrace Energy Corp. has reached an agreement to develop significant new acreage in Zavalla and Dimmit counties on trend with recent successful wells in the emerging Buda Limestone formation in South Texas.

    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

    OGFJ Webcasts

    There is no current content available.