•  
  •  
  •  
  •  
  •  
  • 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.

    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

    Clayton Williams Energy sells undeveloped Eagle Ford rights

    Jun 18, 2015

    Clayton Williams Energy Inc. has sold approximately 3,700 net acres in Burleson County, Texas, for cash consideration of $22.1 million.

    Little change in May for Eagle Ford and Bakken production

    Jun 18, 2015

    Oil production from key shale formations in North Dakota and Texas was little changed in May vs. April, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Twin Eagle acquires StarMex Big Wells pipeline

    Jun 18, 2015

    Twin Eagle Resource Management LLC has acquired a 100% interest in StarMex Big Wells LLC, a 42-mile crude oil gathering system pipeline in the Eagle Ford shale region that connects to long-haul pipelines in the Gardendale, Texas, area.  

     

    Signs of life for both US shale deals and international consolidation

    Jun 9, 2015

    IN THE MOST ENCOURAGING SIGN YET this year for the US upstream deal markets, Noble Energy Inc. has agreed to acquire Eagle Ford and Permian unconventional driller Rosetta Resources in a stock-and-debt deal valued at $3.9 billion.

    Gravity Midstream acquires crude oil terminal on Corpus Christi Ship Channel

    Jun 9, 2015

    Gravity Midstream LLC says that its wholly owned subsidiary, Gravity Midstream Corpus Christi LLC, has closed on the acquisition of a 44-acre crude oil logistics terminal located on the Corpus Christi Ship Channel.

    Porter elected chairman of Texas Railroad Commission

    Jun 9, 2015

    David Porter was unanimously elected chairman of the Texas Railroad Commission on June 9 at the Commission’s open meeting.

    Enterprise acquires Eagle Ford midstream assets

    Jun 5, 2015

    Enterprise Products Partners LP has executed definitive agreements to purchase all of the member interests in EFS Midstream LLC from affiliates of Pioneer Natural Resources Co. and Reliance Industries Ltd. for $2.15 billion.

    CRU opens third frac sand facility serving Eagle Ford

    Jun 5, 2015

    CRU Logistics LLC has opened its third frac sand transloading facility in South Texas. The terminal, known as its "light model" is located at the Alamo Junction Rail Park (a dual-served industrial park) in Elmendorf, Texas, placing it within 50 miles of the Eagle Ford's core counties.

    Capstone secures order for 25 microturbines as US markets begin to strengthen in shale plays

    Jun 3, 2015

    Capstone Turbine Corp. has received an order for 25 C65 microturbines to fulfill the continual expansion of existing oil and gas customer fleets in shale plays across the western US, which Capstone considers a clear market indicator that shale gas producers are continuing to focus on increasing efficiency while lowering their operating costs despite the low energy prices.  

    Pioneer sells Eagle Ford midstream business for $2.15 billion

    Jun 2, 2015

    Pioneer Natural Resources Co. and Reliance Holding USA Inc. have entered into a purchase and sale agreement with an affiliate of Enterprise Products Partners LP to sell their Eagle Ford Shale midstream business (EFS Midstream) for $2.15 billion. Pioneer owns 50.1% of EFS Midstream and Reliance owns the remaining 49.9%.

    Apache restructures organization and makes key leadership changes

    Jun 1, 2015

    Apache Corp. is reorganizing its operating regions and making key leadership changes, the company said June 1.

    Bakken, Eagle Ford production flat in April

    Jun 1, 2015

    Oil production from key shale formations in North Dakota and Texas were mostly flat in April as compared to March, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Sabine enters into forbearance agreement to second lien term loan facility

    May 22, 2015

    Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the company's debt and capital structure. 

    Lucas terminates agreements with Victory Energy

    May 18, 2015

    Lucas Energy Inc. confirms that, on May 11, the nonbinding letter of intent previously entered into between Victory Energy Corp. and Lucas was terminated. 

    Noble Energy enters Eagle Ford, Permian through Rosetta acquisition

    May 11, 2015

    Noble Energy Inc. is set to enter the Eagle Ford and Permian plays when it acquires Rosetta Resources later this year.

    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.