• 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

    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. 

    Atlas Resource Partners to enter Eagle Ford through acquisition

    Sep 25, 2014

    Atlas Resource Partners LP has entered into a definitive agreement to acquire oil assets in the Eagle Ford shale play in south Texas for $225 million. The assets consist of 22 producing wells and 19 undeveloped locations containing estimated net reserves of 12 million barrels of oil equivalent.

    Cabot updates on Eagle Ford acquisition and private notes placement

    Sep 25, 2014

    Cabot Oil & Gas Corp. has closed a $925 million private placement of senior unsecured notes, and an acquisition of approximately 30,000 net acres in the Eagle Ford shale play. 

    Wood Mackenzie: US tight oil technology could boost output by 25%

    Sep 24, 2014

    There continues to be great potential for surprises to the upside in production of US tight oil, according to Wood Mackenzie's latest integrated analysis.

    BNK appoints new VP of US operations

    Sep 23, 2014

    BNK Petroleum Inc. reports that Ray W. Payne has joined the company as vice president of US operations.

    Patterson-UTI Energy to acquire Texas-based pressure pumping assets

    Sep 22, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company.

    Bentek Energy: Bakken and Eagle Ford production up 3.1% in August

    Sep 22, 2014

    Oil production from shale formations in North Dakota and Texas increased by more than 78,000 barrels per day (b/d), or 3.1%, in August, 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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