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

Baker Hughes reports on 3Q 2013 well count

Oct 14, 2013

Baker Hughes Inc. (NYSE:BHI) reports that the US onshore well count for the third quarter of 2013 is 9,175 wells; up 164 wells or 2% from the revised 9,011 wells counted in the second quarter of 2013. 

Sabine Oil & Gas appoints Levesque as COO

Oct 14, 2013

Sabine Oil & Gas LLC has promoted Todd Levesque to COO. As COO, he will have executive responsibility for all aspects of Sabine's operations including development plan optimization.

Marathon plans share repurchases, asset divestiture, acquisition

Sep 11, 2013

Marathon Oil Corp. is moving forward with plans to repurchase $1 billion of its common stock pursuant to its outstanding share repurchase authorization. Unrelated to the share repurchase, the company also announced an intent to sell its interest in Block 32 offshore Angola for approximately $590 million and the acquisition of approximately 4,800 net acres in the core of its south Texas Eagle Ford position for approximately $97 million, including carried interest of approximately $23 million.

Sanchez updates on acquisition, private offering

Sep 10, 2013

Sanchez Energy Corp. has executed a definitive agreement to purchase assets in the Eagle Ford Shale consisting of approximately 11 MMBOE of proved reserves and 2,000 BOE/D of current production on approximately 3,600 net acres in McMullen County, Texas, for approximately $220 million in cash, subject to customary adjustments.

Lucas Energy has agreement with Ironman for energy capital

Sep 5, 2013

Lucas Energy Inc., an independent oil and gas company with its main operations in Texas, has entered into an agreement with Ironman Capital Management LLC for two of its energy sector funds to purchase a total of approximately $3.33 million of the company's common stock.

Purestream to deploy water-treatment system in Eagle Ford

Aug 28, 2013

Purestream Services will deploy its AVARA brand vapor recompression commercial water treatment system for a Texas Eagle Ford shale gas producer in Gonzalez County, Texas. 

ZaZa CEO buys shares to fund Eagle Ford acquisitions

Aug 26, 2013

ZaZa Energy CEO Todd Brooks has acquired 1.5 million shares worth $1.38 million in a private placement of common stock. The money will be used to fund acreage acquisitions in the company’s eastern Eagle Ford and Eaglebine regions.

Bridger ranked as fourth fastest-growing private company

Aug 22, 2013

Bridger LLC has been ranked by Inc. Magazine as the fourth fastest-growing private company in its 2013 Inc. 500 List. Bridger has grown over 26,000 percent in a three-year period and has the highest revenue of any company on the Inc. 500 List.

Permian Basin enjoying a revival

Aug 5, 2013

While the first Permian Basin well was drilled back in 1925, the liquids-rich area, comprised of the Midland Basin, the Delaware Basin, and the Marfa Basin, has experienced a revival of activity as the oil and gas industry's interest in unconventional resources grows along with new technologies and oil prices.

Drilling surges in Eagle Ford

Aug 5, 2013

The Eagle Ford Shale is a hydrocarbon producing formation of significant importance due to its capability of producing both gas and more oil than traditional shale plays.

Rail filling an interim role as crude production surges

Aug 5, 2013

Most of us have seen the horrendous images of the Canadian rail explosion that killed dozens of people on July 6 in Lac-Megantic, a small town in Quebec.

Swift Energy plans Central LA divestiture to fund Eagle Ford activity

Aug 1, 2013

Before market open this morning, as part of its 2Q13 earnings and production report, Swift Energy Inc. appears to have taken a potential joint venture of its South Texas assets off the table, noting instead that it plans to divest Central Louisiana assets.

ZaZa Energy sells remaining Moulton assets

Jul 31, 2013

ZaZa Energy Corp. (NASDAQ:ZAZA) has completed the transaction for the sale of its remaining properties located in Fayette, Gonzalez and Lavaca Counties, Texas, which the company refers to as its Moulton properties in the Eagle Ford, to a subsidiary of Sanchez Energy Corp.

Acquisition among Sanchez Energy’s production update

Jul 27, 2013

Sanchez Energy Corp., an independent oil resource company targeting the onshore US Gulf Coast with a current focus on the Eagle Ford shale play, has provided an update on its second-quarter 2013 operations, including an agreement to acquire approximately 10,800 net acres in Fayette, Gonzales and Lavaca counties in Texas.

Cabot announces sixth Marcellus rig in operations update

Jul 27, 2013

Cabot Oil & Gas Corp. has added a sixth rig in its Marcellus Shale drilling program to establish an early start to its 2014 program. Additionally, the company reported continued success from its step-out drilling in the Marcellus and impressive results from its Eagle Ford drilling program.

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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