• 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.


    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

    Lonestar Resources acquires Eagle Ford leasehold

    May 1, 2015

    Lonestar Resources Ltd. has reached definitive agreements to acquire leasehold associated with approximately 6,122 gross/4,047 net mineral acres in La Salle County, Texas. 

    SandRidge appoints Suter as SVP of production

    Apr 24, 2015

    SandRidge Energy Inc. has appointed John Suter as senior vice president of production, effective April 27.

    Production in Bakken, Eagle Ford rose 1% in March

    Apr 21, 2015

    Oil production from shale formations in North Dakota and Texas increased by 17,000 barrels per day (b/d), or 1%, in March vs. February, according to Bentek Energy, an analytics and forecasting unit of Platts.

    EXCO Resources appoints Jameson as COO

    Apr 19, 2015

    EXCO Resources Inc. has appointed Harold H. Jameson as EXCO’s COO, effective April 17. Jameson most recently served as EXCO’s vice president of development and production with primary responsibilities including EXCO’s horizontal shale development drilling programs in the Haynesville, Eagle Ford, and Marcellus assets.

    Matador prices public offering of common stock

    Apr 17, 2015

    Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its common stock. Total estimated proceeds of the offering to Matador, before estimated offering expenses, are $189 million. The offering is expected to close on April 21.

    Post Oak Energy Capital commits $150 million to PetroEdge Energy IV

    Apr 16, 2015

    Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak. 

    Matador begins public offering of common stock

    Apr 16, 2015

    Matador Resources Co. has begun an underwritten public offering of 7,000,000 shares of its common stock.

    EIA: US shale production set to record first drop in four years

    Apr 14, 2015

    The US Energy Information Administration’s monthly drilling report, released April 13, says that oil production from US shale plays is expected to decline 45,000 barrels per day (bpd) to 4.98 million bpd in May from 5.02 million bpd in April – marking this as the first such monthly decline seen in over four years.

    Lucas Energy granted NYSE MKT compliance plan extension

    Apr 7, 2015

    NYSE MKT has notified Lucas Energy Inc. that the company has been granted an extension with a targeted completion date of Aug. 28 to regain compliance with the NYSE MKT continued listing standards.

    Sanchez: New approved borrowing base under revolving credit facility

    Apr 2, 2015

    Sanchez Energy Corp. has received commitments from its lending group to change the borrowing base under its $1.5 billion first lien revolving credit facility from $650 million to $550 million with an unchanged elected commitment of $300 million, effective immediately.

    Sanchez Production Partners acquires Eagle Ford assets from Sanchez

    Apr 1, 2015

    Sanchez Production Partners LP has closed an agreement with Sanchez Energy Corp. to acquire wellbore interests in certain producing oil and natural gas wells in the Eagle Ford shale play for aggregate consideration of $85 million.

    BlackRock, First Reserve to acquire equity stakes in Pemex pipeline projects

    Mar 27, 2015

    BlackRock and First Reserve have entered into a definitive agreement with PMI, a wholly owned subsidiary of Petróleos Mexicanos (Pemex), to acquire approximately 45% equity interest in two natural gas pipelines, Los Ramones Phase II North and Los Ramones Phase II South.

    Wood Mackenzie discusses impact of changing US crude export policy

    Mar 25, 2015

    As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ultimately, while eliminating the US export ban would narrow the Brent – West Texas Intermediate differential and raise the wellhead price for US crudes, it would unlikely transform the supply outlook.

    Wood Mackenzie: US Lower 48 oil economics still robust

    Mar 24, 2015

    Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of production is not at risk in the long term, cash flow and funding limitations could impact activity.


    Bakken and Eagle Ford shale oil production flat in February

    Mar 19, 2015

    In February, shale oil production in the Bakken and Eagle Ford shale plays increased by 19,000 barrels per day, or 1%, according to Bentek Energy, an analytics and forecasting unit of Platts.

    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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