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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.

    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

    Comstock Resources makes East Texas Eagle Ford acquisition

    Nov 21, 2013

    Looking to boost its oil production, Frisco, TX-based Comstock Resources Inc. has acquired Eagle Ford shale acreage in East Texas from Ursa Resources Group II LLC.

    Sanchez Energy expands revolving credit facility

    Nov 21, 2013

    Sanchez Energy Corp. has received commitments from its lending group to increase its available borrowing base under its $500 million first-lien revolving credit facility from $175 million to $300 million.

    GeoSouthern sells $6B in Eagle Ford assets to Devon

    Nov 20, 2013

    Securing Eagle Ford shale play acreage and adding substantial US oil production to its portfolio, Devon Energy Corp. has agreed to a $6 billion cash deal with privately-held GeoSouthern Energy.

    HII Technologies acquires Aqua Handling of Texas

    Nov 15, 2013

    HII Technologies Inc. has acquired Aqua Handling of Texas LLC, an oilfield frac water-transfer service company located in the Eagle Ford shale area of South Texas, which operates under the name AquaTex.

    Lucas Energy appoints new board chairman

    Nov 15, 2013

    Lucas Energy reports that Ken Daraie has been appointed as chairman of the company’s board of directors. 

    Spectra Energy secures contracts for US Gulf expansion project

    Nov 14, 2013

    Spectra Energy Corp. and Spectra Energy Partners report that they have executed new long-term contracts for 650,000 dekatherms per day of natural gas shipments on the Texas Eastern pipeline system to support the growing manufacturing sector and liquefied natural gas export industry along the Texas and Louisiana coast.

    NET Midstream receives pipeline permit

    Nov 14, 2013

    NET Midstream reports that its affiliate, NET Mexico Pipeline Partners LLC, has been issued a Presidential Permit by the Federal Energy Regulatory Commission that grants authorization for certain border crossing facilities between the US and Mexico.

    Calumet expands crude oil logistics network

    Nov 9, 2013

    Calumet San Antonio Refining LLC has an agreement with TexStar Midstream Logistics LP for which TexStar will construct, own and operate a 30,000-barrel-per-day crude oil pipeline system that will supply Eagle Ford crude oil to Calumet's San Antonio, Texas, refinery.

    ConocoPhillips boosts earnings with asset sales

    Oct 31, 2013

    ConocoPhillips has received $749 million from the sales of undeveloped oil sands holdings in Canada and a midstream asset in Trinidad and Tobago. The company has also sold its holdings in a Kazakhstan oil field for $5.4 billion.

    Goodrich prices public offering of common stock

    Oct 16, 2013

    Goodrich Petroleum Corp. has reported the pricing of its public offering of 6,000,000 shares of its common stock at $25.25 per share.

    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.

    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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