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

NET Midstream expands Eagle Ford pipeline

Mar 23, 2012

Carrizo to sell certain Barnett Shale assets to Atlas for $190M

Mar 16, 2012

Carrizo Oil & Gas Inc. has entered into a definitive agreement to sell a portion of its properties in the Barnett Shale to a subsidiary of Atlas Resource Partners for $190 million in cash.

American Standard acquires Permian Basin, Williston Basin, Eagle Ford assets from private company

Mar 16, 2012

On March 5, American Standard Energy Corp. closed and funded its acquisition of roughly 72,300 net acres and approximately 250 barrels of oil equivalent per day of production from privately-held Geronimo Holding Corp.

ZaZa, Toreador complete merger to create international resource company

Feb 23, 2012

ZaZa Energy Corp. has completed the combination of Toreador Resources and ZaZa Energy LLC, creating an international resource-focused exploration and production company.

Teak Midstream to construct natural gas gathering system, processing plant in Eagle Ford

Feb 22, 2012

Dallas-based TEAK Midstream LLC is constructing over 200 miles of natural gas gathering and residue delivery pipelines and an adjoining 200 million cubic feet per day cryogenic gas processing plant in South Texas to serve gas producers operating in the Eagle Ford Shale play.

Copano adds to Eagle Ford presence with pipeline expansion, new long term contract

Feb 10, 2012

Midstream natural gas company Copano Energy LLC will extend its wholly-owned 96-mile, 24-inch DK Pipeline in the Eagle Ford Shale play by adding approximately 65 miles of 24-inch pipeline southwest into McMullen County, Texas. 

JV agreements played key role in 2011 E&P funding

Feb 8, 2012

Following a rise in popularity in the oil and gas upstream sector in 2010, joint venture agreements played a dominant role as a source of low cost funding in 2011—with unconventional resources drawing the most attention, noted analyst at Stifel Nicolaus.

Southcross expands natural gas processing complex in Eagle Ford area

Feb 8, 2012

To expand its ability to serve oil and gas producers operating in the Eagle Ford Shale, Southcross Energy has begun construction of a fractionator and natural gas liquids and residue pipeline outlets in South Texas.

Global NuTech acquires Texas Gulf Oil and Gas

Feb 1, 2012

Global NuTech Inc. has acquired 100% of the stock of Houston, Texas-based Texas Gulf Oil & Gas Inc.

Texcom opens new liquid disposal site in heart of Eagle Ford Shale

Jan 25, 2012

Houston-based TexCom Inc., an environmental services company for the oil and gas industry, has opened its new liquid disposal site, owned and operated by its wholly owned subsidiary Eagle Ford Environmental Services LLC.

Demand for Eagle Ford acreage continues as Marubeni buys share from Hunt Oil

Jan 9, 2012

Marubeni Corp. recently became Japan’s largest owner of American shale oil acreage when it announced it had acquired nearly 52,000 net acres in the Eagle Ford Shale from Dallas-based Hunt Oil.

Penn Virginia expands in Eagle Ford

Dec 21, 2011

Penn Virginia Corp. said December 20 that it completed an agreement with an undisclosed major oil and gas company to jointly explore the Eagle Ford Shale in Lavaca County, Texas.

 

Sanchez prices IPO at $203M

Dec 14, 2011

Sanchez Energy Corp. has priced its initial public offering of 10,000,000 shares of its common stock at $22.00 per share for net proceeds, after underwriting discounts and commissions and estimated offering expenses, of approximately $203 million.

Eagle Ford activity doubles in 2011, tests move into Louisiana

Dec 12, 2011

The Eagle Ford Shale in South Texas has seen incredible growth over the year, and signs point toward an even greater expansion–including into Louisiana, noted Global Hunter Securities (GHS) in a December 12, 2011 note to investors.

Rosetta Resources to allocate $590M of $640M 2012 budget to Eagle Ford activities

Dec 12, 2011

Rosetta Resources Inc. has just announced the approval of its 2012 capital budget of $640 million which includes approximately $590 million allocated for activities in the liquids-rich window of the Eagle Ford shale 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

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