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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

    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.

    Addressing the skilled labor shortage

    Aug 11, 2014

    Technical schools could be the answer to the industry's scarcity of qualified workers

    Global M&A jumps 29% in Q2

    Aug 11, 2014

    PLS reports that the transition from the second to the third quarter of 2014 was bookended by two major US upstream transactions

    American Midstream to Expand Eagle Ford Midstream Assets

    Aug 8, 2014

    American Midstream Partners LP reports the approval of the Partnership’s exercise of its right-of-first-offer to acquire the Gonzales County, Texas, full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC. 

    Sabine CFO to leave

    Aug 7, 2014

    Sabine Oil & Gas LLC reports that Shane M. Bayless, the company's executive vice president and CFO, will be leaving Sabine to pursue other opportunities. Bayless will step down effective with the closing of the previously announced merger with Forest Oil Corp.

    Southcross updates on appointments, acquisition

    Aug 5, 2014

    Southcross Energy Partners LP reports changes to the board of directors of Southcross Energy Partners GP LLC, Southcross’ general partner. Southcross Energy LLC, the former owner of the general partner of Southcross Energy Partners LP (NYSE:SXE) has also announced the completion of its agreement to combine with TexStar Midstream Services LP, a privately held gas gathering and processing partnership located in the Eagle Ford shale region of South Texas.

    KMP expanding Kinder Morgan crude and condensate system

    Aug 5, 2014

    Kinder Morgan Energy Partners LP will invest $54 million to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate (KMCC) pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing LLC.

    ArcLight to Construct, Operate crude Oil Systems in Eagle Ford

    Jul 31, 2014

    ArcLight Capital Partners LLC reports that Republic Midstream LLC, a newly formed portfolio company, executed agreements with Penn Virginia Corp. to construct and operate a crude oil gathering system, a central delivery terminal complex, and an intermediate takeaway pipeline to serve Penn Virginia's prolific acreage position in the Eagle Ford shale play. 

    Independence Contract Drilling Launches IPO

    Jul 29, 2014

    Independence Contract Drilling Inc. has launched its initial public offering of 10,000,000 shares of common stock. The shares are expected to trade on the New York Stock Exchange under the ticker symbol "ICD."

    Broadleaf Capital changes name to EnergyTEK

    Jul 24, 2014

    Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

    ZaZa Energy enters into $7.5M capital markets transaction

    Jul 22, 2014

    ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

    US capital expenditure on refining capacity additions to reach $4B by 2020

    Jul 22, 2014

    The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

    Private company update

    Jul 18, 2014

    Independent research firm IHS has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

    Lonestar Resources

    Jul 18, 2014

    Building an asset of consequence in the Eagle Ford

    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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