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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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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

    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.

    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 Map

    Eagle Ford Shale Play Map

    Eagle Ford Shale News

    Magnum Hunter sells Eagle Ford Shale assets to Penn Virginia

    Apr 3, 2013

    Penn Virginia Corp. (NYSE: PVA) entered into a definitive agreement with Magnum Hunter Resources Corp. (NYSE: MHR) to acquire producing properties and undeveloped leasehold interests in the Eagle Ford Shale play for approximately $400 million.

    US natural gas exports to Mexico grow by 24%, reach all-time high

    Apr 1, 2013

    US natural gas exports to Mexico grew by 24% to 1.69 billion cubic feet per day (bcf/d) in 2012, the highest level since the data collection began in 1973.

    Kinder Morgan secures additional throughput commitment for condensate processing facility expansion

    Mar 28, 2013

    Kinder Morgan Energy Partners LP has entered into a long-term, fee-based agreement with BP North America to underwrite an additional 50,000 barrels per day of throughput capacity at the petroleum condensate processing facility Kinder Morgan is constructing near its Galena Park terminal on the Houston Ship Channel.

    UTSA Study: Eagle Ford generated over $61B for South Texas in 2012

    Mar 26, 2013

    Development of oil and natural gas in the Eagle Ford Shale added more than $61 billion in total economic impact during 2012, according to a study released today by the Center for Community and Business Research in The University of Texas at San Antonio Institute for Economic Development.

    Sanchez Energy to purchase Eagle Ford assets from Hess for $265M

    Mar 18, 2013

    Sanchez Energy Corp. has executed a definitive agreement to purchase assets in the Eagle Ford trend of south Texas consisting of approximately 13.4 mmboe of proved reserves, 4,500 boe/d of current production and approximately 43,000 net acres in Dimmit, Frio, LaSalle, and Zavala Counties, Texas from Hess Corp. for approximately $265 million in cash.

    Rosetta Resources buys West Texas assets from Comstock for $768M

    Mar 15, 2013

    Comstock Resources Inc. (NYSE: CRK) entered into a definitive agreement with Rosetta Resources Inc. (Nasdaq: ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768 million.

    NET Midstream to build 124-mile Eagle Ford Shale Pipeline System to Mexico

    Feb 22, 2013

    NET Midstream subsidiary NET Mexico Pipeline LP will build a 124-mile, 42" diameter natural gas pipeline system to the Texas / Mexico border, with associated compression. NET Mexico will be anchored by a long term firm gas transportation agreement, for up to 2.1 Bcf/d, with MGI Supply Ltd., an indirect wholly owned subsidiary of Pemex Gas y Petroquimica Basica, the Mexican state-owned gas company.

    Forest Oil closes South Texas property divestiture

    Feb 18, 2013

    Forest Oil Corp. (NYSE:FST) has closed on the previously announced sale of its properties in South Texas for net cash proceeds of approximately $307 million.

    Too much too soon? Eagle Ford crude and condensate takeaway

    Feb 1, 2013

    Eagle Ford pipeline takeaway capacity is four times production and local refinery consumption  – an excess of over 1.3 MMb/d. More than 20 pipeline projects are already built or under construction to move Eagle Ford production to market. Today RBN Energy reviews recent Genscape research on Eagle Ford infrastructure and assess the takeaway balance.

    KMP acquiring Copano in $5 billion transaction

    Feb 1, 2013

    Houston-based Kinder Morgan Energy Partners LP (NYSE: KMP) and Copano Energy LLC (NASDAQ: CPNO), also headquartered in Houston, said Jan. 29 they have signed an agreement whereby KMP will acquire all of Copano's outstanding units for a total purchase price of approximately $5 billion, including the assumption of debt.

    STW Resources and joint venture partners in Black Wolf to remediate oil-based drill cuttings

    Jan 29, 2013

    STW Resources Holding Corp., an oilfield services/construction and water reclamation company, announced Jan. 28 that it is participating in a joint venture to remediate oil-based drill cuttings.

    NuStar completes acquisition of Eagle Ford Shale area midstream assets

    Dec 14, 2012

    San Antonio, TX-based NuStar Energy LP has closed on the purchase of crude oil pipeline, gathering and storage assets in the Eagle Ford Shale region from TexStar Midstream Services LP for approximately $325 million.

    Plains All American acquires Eagle Ford infrastructure assets from Chesapeake Energy

    Dec 13, 2012

    Houston-based Plains All American Pipeline LP has expanded its Eagle Ford portfolio with a $125 million acquisition of certain Eagle Ford infrastructure assets from a subsidiary of Chesapeake Energy Corp.

    Study: Total Eagle Ford CAPEX to reach $28 billion in 2013

    Dec 6, 2012

    The Eagle Ford Shale continues to hold enormous value, especially for companies that own premium acreage and are well-positioned in the play according to a recent analysis by Wood Mackenzie. The biggest three players – EOG Resources, BHP Billiton and ConocoPhillips – have a combined remaining value of US$30 billion.

    French assets sale gives ZaZa capital for Eaglebine, Eagle Ford Shale drilling

    Nov 14, 2012

    To strengthen its balance sheet and provide working capital for its Eaglebine and Eagle Ford assets, ZaZa Energy Corp. has signed a sales and purchase agreement with Vermilion Energy to sell its French assets for $85.8 million.

     

    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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