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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.

    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

    ETP plans new facilities, systems in Eagle Ford and Eaglebine areas

    Nov 6, 2014

    Energy Transfer Partners LP has entered into additional long-term gas gathering and processing agreements with producers in the growing Eagle Ford and Eaglebine production areas of south and southeast Texas. To facilitate these agreements, ETP has begun construction on two new cryogenic gas processing plants and additional gas gathering pipelines.

    PAA and Enterprise Products plan Eagle Ford JV Pipeline expansions, new terminal

    Nov 5, 2014

    Plains All American Pipeline LP (NYSE: PAA) and Enterprise Products Partners LP (NYSE: EPD) are constructing a new condensate gathering system into their Three Rivers terminal and doubling the mainline capacity on the Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi, Texas. These expansions are supported by a long-term production commitment and are expected to be placed into service in the third quarter of 2015.

    The Eagle Ford JV Pipeline system is a 50/50 joint venture between Plains and Enterprise that delivers crude oil and condensate via pipeline from Gardendale in La Salle County, Texas, to the Three Rivers and Corpus Christi refineries and to other markets via marine transport facilities at Corpus Christi. Furthermore, the pipeline supplies the Houston-area market through a connection to the Enterprise Crude Pipeline terminal at Lyssy in Wilson County, Texas.

    As part of the expansion, Plains and Enterprise will construct a new gathering system with 55 miles of gathering and trunkline pipeline that will connect Karnes County and Live Oak County production areas to the Three Rivers terminal. The companies will also construct an additional 70-mile, 20-inch pipeline from Three Rivers to Corpus Christi, as well as expand storage and pumping capacity at Three Rivers.

    Combined with the previously announced expansion, this project effectively loops the Eagle Ford JV Pipeline from Gardendale to Corpus Christi and increases the JV system capacity to over 600,000 barrels per day. The Eagle Ford JV Pipeline will be connected with the Cactus pipeline, which Plains is constructing from the Permian Basin at McCamey to the Eagle Ford JV Pipeline at Gardendale.

    Plains and Enterprise will also build a new terminal on the Corpus Christi ship channel to support the increased volumes to be shipped via pipeline to the region. The dock will have the capacity to handle a variety of ocean-going vessels and is planned to be in service by 2017.

    Pioneer pursues divestment of Eagle Ford midstream business

    Nov 5, 2014

    Pioneer Natural Resources Co. is pursuing the divestment of its 50.1% share of the Eagle Ford Shale (EFS) Midstream business. Reliance Holding USA Inc. owns the remaining 49.9% of the EFS Midstream business and also plans to pursue the divestment of its share in a joint process with Pioneer, which is the operator of the business.

    FTSI to acquire J-W Wireline

    Nov 4, 2014

    FTS International has signed a definitive agreement to acquire J-W Wireline Co., a subsidiary of J-W Energy Co., which is an independent cased-hole wireline company in North America.

    KKR partners to develop East Texas Eaglebine

    Oct 29, 2014

    KKR has become a non-operated working interest partner with Anadarko Petroleum Corp. in the development of Anadarko’s acreage in the Eaglebine play located primarily in Brazos, Burleson, and Robertson counties, Texas.

    Carrizo completes Eagle Ford acquisition, upsizes private notes offering

    Oct 28, 2014

    Carrizo Oil & Gas Inc. has acquired additional leasehold and producing interests in the Eagle Ford shale play from Eagle Ford Minerals LLC for $250 million in cash, subject to a closing adjustment credit of $7 million, as well as an update to its third-quarter guidance.

    Shale oil production from Bakken, Eagle Ford up 2.1% in September

    Oct 20, 2014

    Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, an analytics and forecasting unit of Platts.  

    EV Energy Partners closes Eagle Ford formation rights divestiture

    Oct 16, 2014

    EV Energy Partners LP reports that the company, along with certain institutional partnerships managed by EnerVest Ltd., has closed the sale of certain deep rights in the Eagle Ford formation in Burleson, Brazos, and Grimes counties, Texas, to an undisclosed buyer. Net proceeds to EVEP are $30.6 million.

    Lucas Energy completes sale of Madison County property

    Oct 15, 2014

    Lucas Energy Inc. has completed the sale of its 100% working interest in oil and gas leases and wells/wellbores in Madison County, Texas, for $700,000. 

    Baker Hughes reports well count for third quarter of this year

    Oct 13, 2014

    Baker Hughes Inc. reports that the US onshore well count for the third quarter of 2014 was 9,566 wells, up 110 wells or 1% compared to the second quarter of 2014. Compared to the third quarter of 2013, the well count was up 491 wells or 5%.

    September US natural gas production up 7.4%, breaking record

    Oct 9, 2014

    Natural gas production in the US Lower 48 states averaged 69.1 billion cubic feet per day (Bcf/d) in September, breaking its previous monthly average high for the ninth consecutive month, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Atlas Resource Partners prices senior notes

    Oct 7, 2014

    Atlas Resource Partners LP has priced the offering of an additional $75 million in aggregate principal amount of its 9.25% senior unsecured notes due 2021. 

    Trafigura credit facility closes at $3.53 billion

    Oct 7, 2014

    Trafigura AG, a wholly owned subsidiary of Trafigura Beheer BV, has renewed its growing US borrowing base credit facility, and extended the maturity to two years. The $3.53 billion facility, which was oversubscribed, supports Trafigura AG’s energy trading, logistics, and merchanting activities in North America.

    New Gulf Resources adds to management team

    Oct 3, 2014

    New Gulf Resources LLC (NGR) has hired two new members to augment its management team. Danni Morris, former treasurer of WPX Energy Inc., will become NGR's CFO, and Michael Brown, former vice president of geology with Sandridge Energy Inc., will be NGR's senior vice president of geology and geophysics. 

    PetroQuest sells Eagle Ford assets

    Oct 1, 2014

    PetroQuest Energy Inc. has completed the sale of its Eagle Ford assets for net proceeds of $9.7 million. 

    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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