• 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

    EnCana pays $3.1B to enter Eagle Ford

    Jun 9, 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.

    Bentek Energy: US natural gas output rose 0.6% in May

    Jun 4, 2014

    US exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the Lower 48 states, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. 

    BHP strives to increase shale production

    Jun 3, 2014

    A few short years after its big jump into the shale business, Australia-based BHP Billiton Ltd., known for its offshore developments, has been “relentless about productivity” and expects to see positive earnings from its production-focused shale division next fiscal year.

    Titanium and Castlelake form JV for Eagle Ford shale interests

    May 29, 2014

    Titanium Exploration Partners LLC and Castlelake LP have formed a joint venture to pursue investments in non-operated oil and gas assets in unconventional resource plays in the US, with an initial focus on the Eagle Ford shale play.

    ASX-listed Sun buys into Eagle Ford, Austin Chalk

    May 28, 2014

    Sun Resources has entered into a transaction with Ursa New Ventures LLC to purchase a 50% non-operated working interest in a package of oil and gas leases within the Eagle Ford Shale and Austin Chalk formations.

    Laredo Energy secures $130M to support Texas drilling program

    May 28, 2014

    Laredo Energy has secured a total of $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings, which is managed by Old Ironsides Energy LLC.

    Matador Resources begins public offering of common stock

    May 27, 2014

    Matador Resources Co. has begun an underwritten public offering of 7,500,000 shares of its common stock.

    Sanchez Energy doubles reserves and production with Eagle Ford acquisition

    May 22, 2014

    Sanchez Energy Corp. has an agreement with an effective date of January 1, 2014, to purchase operated assets to be named Catarina in the Eagle Ford trend of South Texas from wholly owned subsidiaries of Royal Dutch Shell plc for approximately $639 million in cash.

    ZaZa Energy names Jansen as CFO

    May 21, 2014

    ZaZa Energy Corp. reports that Paul F. Jansen, currently the company’s chief accounting officer, has also assumed the role of CFO.

    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.

    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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