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

Study: Total Eagle Ford CAPEX to reach $28 billion in 2013

Dec 6, 2012

The Eagle Ford Shale continues to hold enormous value, especially for companies that own premium acreage and are well-positioned in the play according to a recent analysis by Wood Mackenzie. The biggest three players – EOG Resources, BHP Billiton and ConocoPhillips – have a combined remaining value of US$30 billion.

French assets sale gives ZaZa capital for Eaglebine, Eagle Ford Shale drilling

Nov 14, 2012

To strengthen its balance sheet and provide working capital for its Eaglebine and Eagle Ford assets, ZaZa Energy Corp. has signed a sales and purchase agreement with Vermilion Energy to sell its French assets for $85.8 million.

 

ZaZa Energy provides update on Eaglebine and Eagle Ford operations

Nov 6, 2012

On Nov. 6, Houston-based ZaZa Energy Corporation [NASDAQ: ZAZA] issued comprehensive drilling updates on operations in its core Eaglebine and Eagle Ford properties.

Resource-rich Magnum Hunter is drilling, building asset base

Nov 1, 2012

Gary Evans has been racking up the frequent-flier miles as he travels from one roadshow presentation to another telling investors and analysts about his company's successes and plans for the future.

Utica vs. Eagle Ford

Nov 1, 2012

Analysts say that the Utica Shale, which is nearly equal to the size of the Eagle Ford play in Texas, could become the third-largest shale play in the United States, producing as much as 250,000 to 500,000 barrels of oil a day.

Clash of the Titans - The new Eagle Ford crude oil marker price

Oct 22, 2012

On October 19, WTI crude futures for delivery at Cushing, OK closed at $90.05/Bbl – some $20 below the price for the similar grade Light Louisiana Sweet (LLS) crude sold at the Gulf Coast. We believe that price differential will fall as new supplies of domestic and Canadian crude find their way to the Gulf Coast next year (2013). Supplies of South Texas Eagle Ford are already arriving at the Gulf and a new Platts Marker price shows them being priced against LLS. Today we look at the Eagle Ford marker price and what it means for the status of LLS versus WTI.

 

 

Marathon Oil ‘high-grading’ Eagle Ford position with non-core sale

Oct 18, 2012

Houston-based Marathon Oil Corp. plans to sell certain Eagle Ford shale properties deemed no longer essential to its exploration plans.

New railroad by Port San Antonio, Watco to serve Eagle Ford demand

Oct 16, 2012

Port San Antonio and Watco Companies inaugurated a rail service that clears the way for growth at the Port’s East Kelly Railport driven by oil and gas drilling projects in the Eagle Ford Shale.

Sanchez Energy to accelerate drilling program in Eagle Ford Shale

Oct 1, 2012

Sanchez Energy Corporation [NYSE: SN] has closed the private placement of $150 million of its 4.875% Cumulative Perpetual Convertible Preferred Stock. Net proceeds will be used to accelerate its drilling program across all of its operating areas in the Eagle Ford shale.

BENTEK: 70% growth in Eagle Ford NGL production expected over the next two years

Sep 25, 2012

Rapid raw-mix production growth in the Eagle Ford is being supported by 2.5 Bcf/d of new regional processing capacity expected to come online by year-end 2013, reports BENTEK.

American Standard Energy to reduce debt with $16.4M sale of Eagle Ford interest

Sep 19, 2012

Scottsdale, Arizona-based American Standard Energy Corp. will sell Eagle Ford Shale interests to reduce its payables and debt.

Texas court orders Eagle Ford rights, proceeds returned to Longview Energy

Sep 10, 2012

In a court judgment believed to be the largest ever involving the Eagle Ford Shale, Judge Amado Abascal of the 365th Judicial District Court in Zavala County has assigned all rights to approximately 46,000 leasehold acres, valued at more than $500 million, to Dallas-based Longview Energy Company.

Pioneer Natural Resources looks to sell Barnett assets to pursue Permian, Eagle Ford properties

Sep 7, 2012

Looking to capitalize on higher rates of return from its Permian and Eagle Ford positions, Pioneer Natural Resources Co. said Thursday that it is looking to sell the 155,000 gross acres in the Barnett Shale that it has accumulated since entering the play in 2007.

Halcon Resources sees initial gross production of 942 boe/d from Woodbine completion

Sep 5, 2012

Halcon Resources Corp. has completed the AM Easterling-Gresham A 1H in Leon County, Texas.

Zaza Energy begins Eaglebine drilling

Aug 17, 2012

Houston-based ZaZa Energy Corp. has commenced drilling its first well in the Woodbine region of Texas, an emerging resource play in the Eastern trend of the Eagle Ford. 

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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