• 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

    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.

    Juneau Energy gains acreage in East Texas Eagle Ford shale

    Sep 19, 2014

    Juneau Energy LLC, a subsidiary of Leucadia National Corp., reports the acquisition of oil and gas leases in the emerging East Texas Eagle Ford shale play, consisting of approximately 10,264 net acres primarily in Brazos and Burleson counties. The acquisition closed on Sept. 17.

    Buckeye Partners closes acquisition of 80% interest in Buckeye Texas Partners

    Sep 18, 2014

    Buckeye Partners LP has completed its $860 million purchase of an 80% interest in Buckeye Texas Partners LLC.

    Empeiria affiliate acquires oilfield production equipment manufacturers

    Sep 16, 2014

    Empeiria Capital Partners LLC, a New York-based private equity firm, says that its affiliate, Tank Partners Holdings LLC, has completed the acquisitions of JL Bryan Equipment & Lease Services Inc. and Tank Partners LLC.

    Eagle Ford update

    Sep 10, 2014

    EOG Resources remains largest acreage holder

    Aqua-Pure expands into Eagle Ford through FQS Ventures

    Sep 10, 2014

    Aqua-Pure Ventures Inc., a recycler of oilfield and shale gas wastewater, reports the installation of a second ROVER unit through FQS Ventures, a joint venture between Aqua-Pure’s wholly owned subsidiary Fountain Quail Water Management and Select Energy Services, marking the first ROVER mobilization into the Eagle Ford shale play.

    Buckeye Partners acquires assets in South Texas for $860 million

    Sep 4, 2014

    Buckeye Partners LP has signed a definitive agreement to acquire an 80% interest in a company that will be owned jointly with Trafigura AG for $860 million.

    Pioneer Natural Resources realigns executives

    Sep 4, 2014

    Pioneer Natural Resources Co. reports the realignment of responsibilities for certain executive vice presidents who are members of Pioneer’s Management Committee.

    Trafigura updates on stake and asset sale

    Sep 3, 2014

    Trafigura AG has signed an agreement for the sale of 80% of its membership interests in the entity that holds its South Texas midstream assets, Trafigura Terminals LLC, to Buckeye Partners LP.

    Fairmount Santrol proves long-term value of curable resin-coated proppant

    Aug 28, 2014

    Fairmount Santrol, formerly Fairmount Minerals, presented a technical paper on Aug. 27 proving that proppant flowback prevention technology increased the value of 23 wells by $115,000 per stage or $2.6 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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