• 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

    Clayton Williams Energy closes sale of shale wells, acreage

    Mar 17, 2014

    Clayton Williams Energy Inc. has closed the sale of selected wells and leases in Wilson, Brazos, La Salle, Frio, and Robertson counties, Texas, for $71 million.

    Shell plans to cut oilfield spending

    Mar 14, 2014

    Royal Dutch Shell Plc said on March 13 that it would cut jobs and oilfield spending in the US in light of disappointing returns from several shale oil plays.

    Clayton Williams Energy sell shale wells and acreage

    Mar 14, 2014

    Clayton Williams Energy Inc. has closed the sale of selected wells and leases in Wilson, Brazos, La Salle, Frio and Robertson counties, Texas, for $71 million.

    Rock Oil Holdings receives $250M commitment

    Mar 14, 2014

    Rock Oil Holdings LLC, a newly formed oil and gas company, reports an equity commitment of up to $250 million from funds managed by energy private equity firm Riverstone Holdings LLC and additional amounts from the company's management team.

    Upstream News

    Mar 13, 2014

    ZaZa Energy signs new agreement with JV partner

    Mar 13, 2014

    ZaZa Energy Corp. has signed an amendment to its joint exploration and development agreement with its current joint venture partner, one of the largest independent crude oil and natural gas companies in the US, to further develop its Eaglebine/Lower Cretaceous assets in the Eagle Ford East shale play.

    Today’s deal markets signify diversity in the US and around the globe

    Mar 13, 2014

    PLS Inc. wishes to extend Oil & Gas Financial Journal and its dedicated team congratulations on 10 years of providing critical market intelligence on the oil and gas industry.

    Devon Energy completes Eagle Ford acquisition

    Mar 3, 2014

    Devon Energy Corp. has completed its acquisition of Eagle Ford assets from GeoSouthern Energy. Devon has acquired 82,000 net acres located in DeWitt and Lavaca counties in Texas. 

    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.

    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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