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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 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.

    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

    Juneau Energy gains acreage in East Texas Eagle Ford shale

    Sep 19, 2014

    Juneau Energy LLC, a subsidiary of Leucadia National Corp., reports the acquisition of oil and gas leases in the emerging East Texas Eagle Ford shale play, consisting of approximately 10,264 net acres primarily in Brazos and Burleson counties. The acquisition closed on Sept. 17.

    Buckeye Partners closes acquisition of 80% interest in Buckeye Texas Partners

    Sep 18, 2014

    Buckeye Partners LP has completed its $860 million purchase of an 80% interest in Buckeye Texas Partners LLC.

    Empeiria affiliate acquires oilfield production equipment manufacturers

    Sep 16, 2014

    Empeiria Capital Partners LLC, a New York-based private equity firm, says that its affiliate, Tank Partners Holdings LLC, has completed the acquisitions of JL Bryan Equipment & Lease Services Inc. and Tank Partners LLC.

    Eagle Ford update

    Sep 10, 2014

    EOG Resources remains largest acreage holder

    Aqua-Pure expands into Eagle Ford through FQS Ventures

    Sep 10, 2014

    Aqua-Pure Ventures Inc., a recycler of oilfield and shale gas wastewater, reports the installation of a second ROVER unit through FQS Ventures, a joint venture between Aqua-Pure’s wholly owned subsidiary Fountain Quail Water Management and Select Energy Services, marking the first ROVER mobilization into the Eagle Ford shale play.

    Buckeye Partners acquires assets in South Texas for $860 million

    Sep 4, 2014

    Buckeye Partners LP has signed a definitive agreement to acquire an 80% interest in a company that will be owned jointly with Trafigura AG for $860 million.

    Pioneer Natural Resources realigns executives

    Sep 4, 2014

    Pioneer Natural Resources Co. reports the realignment of responsibilities for certain executive vice presidents who are members of Pioneer’s Management Committee.

    Trafigura updates on stake and asset sale

    Sep 3, 2014

    Trafigura AG has signed an agreement for the sale of 80% of its membership interests in the entity that holds its South Texas midstream assets, Trafigura Terminals LLC, to Buckeye Partners LP.

    Fairmount Santrol proves long-term value of curable resin-coated proppant

    Aug 28, 2014

    Fairmount Santrol, formerly Fairmount Minerals, presented a technical paper on Aug. 27 proving that proppant flowback prevention technology increased the value of 23 wells by $115,000 per stage or $2.6 million.

    Lucas Energy and OVR form Eagle Ford joint venture

    Aug 26, 2014

    Lucas Energy Inc. has signed a binding participation agreement with Oak Valley Resources LLC (OVR) to jointly develop Lucas Energy’s Karnes County, Texas, acreage in the Eagle Ford shale formation. 

    Production from Bakken, Eagle Ford rose 3.4% in July

    Aug 25, 2014

    Oil production from shale formations in North Dakota and Texas increased by more than 86,000 barrels per day (b/d) or 3.4% in July, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Vaquero gets equity commitment from Yorktown

    Aug 22, 2014

    Vaquero Midstream LLC has received a substantial equity commitment from Yorktown Energy Partners LLC. Vaquero offers customers a full suite of integrated crude oil and natural gas midstream services, including gathering, treating, processing, compression, liquids handling, and transmission.

    NAPE: Legal issues facing the oil and gas industry

    Aug 20, 2014

    As oil and gas production grows in various parts of North America, so, too, do the legal issues that states across the US face, said panelists at the NAPE Business Conference on Wednesday, August 20, at the Houston George R. Brown Convention Center.

    EV Energy Partners to sell certain Eagle Ford formation rights

    Aug 14, 2014

    EV Energy Partners LP reports an agreement to sell certain Eagle Ford formation rights.

    Carrizo Oil & Gas CFO retires; new CFO named

    Aug 13, 2014

    Carrizo Oil & Gas Inc. reports that Paul F. Boling, vice president, CFO, secretary, and treasurer, has retired, effective Aug. 11. In connection with Boling's retirement, Carrizo has named David L. Pitts as its new CFO and treasurer, in addition to his current roles.

    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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