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

Post Oak and GSAM commit $100M to PetroEdge Energy III

Jul 23, 2013

Post Oak Energy Capital and funds managed by Goldman Sachs Asset Management (GSAM) have made a $100 million capital commitment to PetroEdge Energy III LLC. PetroEdge's management team will be co-investing alongside Post Oak and GSAM.

SM Energy's Anadarko Basin sale should draw high bids

Jul 11, 2013

SM Energy Co. (NYSE: SM) has engaged an advisor to market all of its properties in the Anadarko Basin, which includes the company’s Granite Wash interests, the company said July 10.

ZaZa Energy announces new agreement for Moulton assets

Jul 4, 2013

ZaZa Energy LLC, a wholly owned subsidiary of ZaZa Energy Corp. (NASDAQ: ZAZA) has entered into a new purchase and sale agreement with an independent third party to sell approximately 10,300 net acres of its properties in Fayette, Gonzalez and Lavaca counties, Texas, which ZaZa refers to as its Moulton properties in the Eagle Ford shale play.

Bridger partners with Riverstone Holdings

Jul 4, 2013

Bridger LLC, formerly Bridger Group LLC, a crude oil marketing and midstream logistics company based in Dallas, Texas, has partnered with Riverstone Holdings LLC, an energy- and power-focused private equity firm. The companies have jointly committed to invest up to $300 million to further fuel Bridger’s growth strategy.

Chesapeake sells Eagle Ford and Haynesville assets to EXCO for $1B

Jul 3, 2013

Chesapeake Energy Corp. (NYSE:CHK) announced the execution of agreements to sell assets in the northern Eagle Ford Shale and Haynesville Shale to Dallas-based EXCO Operating Company LP, a subsidiary of EXCO Resources Inc. (NYSE:XCO), for aggregate proceeds of about $1 billion, of which approximately 90% will be received upon closing.

NGL acquires crude oil terminal, barge business in South Texas

Jul 2, 2013

NGL Energy Partners LP (NYSE: NGL) has acquired the assets of Crescent Terminals LLC, a Delaware limited liability company, and the partnership interests of Cierra Marine LP, a Delaware limited partnership, and its affiliated companies.

Statoil takes control of Eagle Ford acreage

Jul 2, 2013

Statoil has become operator of half the acreage it holds under a 50/50 joint venture agreement with Canada’s Talisman Energy in the Eagle Ford shale play in South Texas.

Kirkpatrick to sell non-operated properties in Eagle Ford

Jun 25, 2013

Kirkpatrick Oil & Gas LLC has retained E-Spectrum Advisors LLC to sell its non-operated, horizontal Eagle Ford and Pearsall Shale properties in La Salle and Frio counties, Texas. The properties provide exposure to one of the premier oil resource plays in the US.

Chesapeake, foreign partners set for big US shale spend in 2013

Jun 17, 2013

Analyzing Evaluate Energy’s recently released 2013 capital expenditure and average well cost data for the major US shale plays, it becomes clear that foreign companies will have a huge influence on how the industry develops over the coming year.

Emerging shale plays

Jun 11, 2013

Cretaceous age TMS garnering attention

Utica oil or bust? A wet gas play with plenty of condensate

May 21, 2013

Last Thursday (May 16, 2013) the Ohio Department of Natural Resources offered a rare glimpse into 2012 production in the Utica shale. In a long awaited report, the State said that 87 wells drilled by 11 companies produced about 1750 b/d of oil and 35 MMcf/d of gas. Those numbers disappointed investors hoping for evidence of another Bakken or Eagle Ford. But the State data does not tell the whole story. There should be a surge in production now that infrastructure is coming online. And significant condensate production will present new challenges for midstreamers. Today we take a closer look at Utica production.

Rosetta completes acquisition of Permian Basin assets from Comstock

May 15, 2013

Houston, TX-based Rosetta Resources Inc. has closed on the previously announced acquisition of Permian Basin assets from Comstock Resources Inc.

North American liquids production will reach 8 million bbl/d by 2020

May 1, 2013

Liquids production (oil, condensate, and natural gas liquids) from North American shale formations (includes tight oil plays) will most likely reach 8 million barrels per day by 2020, assuming current activity levels will remain constant and only minor changes will occur to the latest reported performance of wells and fleets.

Eagle Ford most active shale play for M&A activity 1Q13

May 1, 2013

With three major deals in a month and a half, the Eagle Ford shale formation remains significant in the unconventional resources space.

Crude loves Rock’n’Rail – Gulf Coast destinations – outside The Ship Channel

Apr 24, 2013

In the short term midstream companies with crude-by-rail unloading terminals at the Gulf Coast can deliver cheaper light sweet crudes from the Midwest and West Texas. Once new pipelines come online to deliver that crude direct to Houston that price advantage will disappear. At that point rail terminal operators need to diversify their business to survive. Today we look at the fate of Texas Gulf Coast rail terminal operators.

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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