• 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

    Texas running one-quarter of all drilling rigs

    Jun 30, 2014

    With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

    Sanchez begins senior notes exchange offer

    Jun 23, 2014

    Sanchez Energy Corp. has begun an exchange offer of up to $600 million aggregate principal amount of its 7.75% senior notes due 2021 that have been registered under the Securities Act of 1933, as amended, for an equal amount of its outstanding 7.75% senior notes due 2021 that have not been registered under the Act. 

    Encana completes $3.1B Eagle Ford acquisition

    Jun 20, 2014

    Encana's wholly owned subsidiary, Encana Oil & Gas (USA) Inc., has completed the previously announced acquisition of 45,500 net acres located in Karnes, Wilson, and Atascosa counties of south Texas from Freeport-McMoRan.

    Panhandle closes Eagle Ford purchase, expands bank credit facility

    Jun 19, 2014

    Panhandle Oil and Gas Inc. has closed on the acquisition of certain Eagle Ford assets for $80,400,000. This acquisition was funded by utilizing the company's bank credit facility.

    Valero Energy Partners approves first asset acquisition

    Jun 19, 2014

    Valero Energy Partners LP has approved the acquisition from certain subsidiaries of Valero Energy Corp. of the McKee Crude System, Three Rivers Crude System, and Wynnewood Products System for total consideration of $154 million.

    Southcross combines with TexStar Midstream Services

    Jun 12, 2014

    Southcross Energy LLC, the owner of the general partner of Southcross Energy Partners LP has entered into a definitive agreement to combine with TexStar Midstream Services LP, a privately held gas gathering and processing partnership located in the Eagle Ford shale region of South Texas.

    Univar building new Eagle Ford oil and gas facility

    Jun 11, 2014

    Univar Inc. has broken ground on a new 52,000-square-foot facility on 12 acres of land in Elmendorf, Texas. The facility, located in the Alamo Junction Rail Park, is under construction, and is expected to be fully operational by the end of the year.

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

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

    US M&A shifts toward larger deals with Encana's Eagle Ford entry leading the pack

    Jun 9, 2014

    PLS reports that the period from April 17 through May 16, 2014 saw larger deals (exceeding $100 million) in the US upstream sector, resulting in an average deal size of $437 million vs. $231 million during Q114.

    EnCana pays $3.1B to enter Eagle Ford

    Jun 9, 2014

    Encana, Canada's largest natural gas producer, has entered a deal with Freeport-McMoRan Oil & Gas to purchase Eagle Ford shale assets for $3.1 billion.

    Bentek Energy: US natural gas output rose 0.6% in May

    Jun 4, 2014

    US exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the Lower 48 states, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. 

    BHP strives to increase shale production

    Jun 3, 2014

    A few short years after its big jump into the shale business, Australia-based BHP Billiton Ltd., known for its offshore developments, has been “relentless about productivity” and expects to see positive earnings from its production-focused shale division next fiscal year.

    Titanium and Castlelake form JV for Eagle Ford shale interests

    May 29, 2014

    Titanium Exploration Partners LLC and Castlelake LP have formed a joint venture to pursue investments in non-operated oil and gas assets in unconventional resource plays in the US, with an initial focus on the Eagle Ford shale play.

    ASX-listed Sun buys into Eagle Ford, Austin Chalk

    May 28, 2014

    Sun Resources has entered into a transaction with Ursa New Ventures LLC to purchase a 50% non-operated working interest in a package of oil and gas leases within the Eagle Ford Shale and Austin Chalk formations.

    Laredo Energy secures $130M to support Texas drilling program

    May 28, 2014

    Laredo Energy has secured a total of $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings, which is managed by Old Ironsides Energy LLC.

    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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