• 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.

    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

    ZaZa to convert entire $47.3M of subordinated notes

    Feb 26, 2014

    To improve the balance sheet and capital structure of the company, the founders of ZaZa Energy Corp. have agreed to exchange $47.3 million of subordinated notes into a combination of shares of ZaZa common stock and a new series of perpetual preferred stock.

    STW launches new subsidiary and partnership

    Feb 25, 2014

    STW Resources Holding Corp. has created a new subsidiary to engage in the reclamation of oil-based drilling cuttings and the oil sludge from cleaning out oil storage tanks, initially in the West Texas Permian and Delaware basins, with rollout plans in the Eagle Ford Basin in south Texas and Eastern New Mexico. 

    STW Energy extends operations to Eagle Ford

    Feb 21, 2014

    STW Resources Holding Corp. reports that its 75% owned subsidiary STW Energy has expanded operations in South Texas and has increased Permian Basin services.

    Devon Energy to sell Canadian conventional assets

    Feb 19, 2014

    Devon Energy Corp. has entered into a definitive agreement to sell the majority of its Canadian conventional assets to Canadian Natural Resources Ltd. for C$3.125 billion (US$2.8 billion).

    TETRA acquires WIT, makes deal with Dragon Products

    Feb 11, 2014

    TETRA Technologies Inc. has acquired the assets of WIT Water Transfer LLC, and, in connection with this transaction, has entered into an agreement with Dragon Products.

    ZaZa Energy provides corporate update

    Feb 10, 2014

    ZaZa Energy Corp. has agreed with Hess to an early release of $15 million of ZaZa’s money held in escrow.

    Baytex to acquire Aurora Oil & Gas, strategic Eagle Ford acreage

    Feb 7, 2014

    Baytex Energy Corp., an oil and gas corporation based in Calgary, Alberta, Canada, has agreed to acquire Aurora Oil & Gas Ltd. for $2.6 billion, providing Baytex with 22,200 net contiguous acres in the Sugarkane field of the Eagle Ford shale play in South Texas.

    Sundance launches IPO of ADSs

    Feb 6, 2014

    Sundance Energy Australia Ltd. has begun its initial public offering of 7,750,000 American depositary shares, each representing 20 ordinary shares of the company.

    Jones Energy appoints Cape to VP role

    Feb 3, 2014

    Jones Energy Inc. says that David Cape will join the company on Feb. 3 as vice president of land and business development.

    American Midstream closes Eagle Ford acquisition

    Feb 3, 2014

    American Midstream Partners LP has completed the acquisition of a 120-mile natural gas gathering and redelivery system located in the oil window of the Eagle Ford shale from a subsidiary of Penn Virginia Corp.

    Southcross updates on offering, pipeline construction

    Jan 30, 2014

    Southcross plans to use the net proceeds from the public offering of 8 million common units, including any net proceeds from the underwriters’ exercise of their option, to fund construction of Southcross’ new Webb Pipeline and for general partnership purposes.

    Hunter elected chairman of Texas Pipeline Association

    Jan 23, 2014

    Southcross Energy Partners LP reports that Michael T. Hunter, vice chairman and chief commercial officer of Southcross’ general partner, has been elected chairman of the Texas Pipeline Association. 

    Baker Hughes reports on fourth-quarter 2013 well count

    Jan 13, 2014

    Baker Hughes Inc. reports that the US onshore well count for the fourth quarter of 2013 is 9,056 wells, down 19 wells from the revised 9,075 wells counted in the third quarter of 2013.

    Compressco Partners acquires assets for gas lift markets

    Jan 9, 2014

    Compressco Partners LP has acquired compression assets for "gas lift" markets as part of its defined strategic growth objectives. 


    Gulf Coast Western secures large acreage position in South Texas

    Jan 8, 2014

    Gulf Coast Western LLC has secured 3,500 acres in Wilson County, Texas. The company plans to initially drill 10 horizontal wells in the revitalized Buda Limestone formation, which is located just below the Eagle Ford shale play.  

    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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