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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.

    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

    Platte River completes follow-on investment in First River Energy

    Jul 31, 2015

    Platte River Equity has completed its follow-on investment in First River Energy LLC to facilitate the acquisition of Texas Gathering LLC and related assets. The transaction represents the first acquisition by First River since Platte River's initial investment in July 2014.

    Vinson & Elkins adds partner in Energy Transactions practice

    Jul 31, 2015

    Oil and gas transactional lawyer Bryan Loocke has joined Vinson & Elkins as a partner in its Energy Transactions practice, where he will advise both corporate and private equity clients in the energy sector. He is based in the firm's Houston office.

    US oil drillers increase number of rigs despite price collapse

    Jul 27, 2015

    Baker Hughes data shows that US oil producers gained a total of 19 oil rigs in the past week, with Texas alone seeing a net gain of eight rigs – proving that operations are moving forward, despite current oil price challenges.

    Goodrich Petroleum sells Eagle Ford assets

    Jul 27, 2015

    Goodrich Petroleum Corp. has agreed to sell its proved Eagle Ford reserves and associated leasehold in LaSalle and Frio Counties, TX, for $118 million to an undisclosed buyer.

    Fairway Energy Partners to construct Houston crude oil storage facility

    Jul 23, 2015

    Fairway Energy Partners LLC has closed a private equity offering, the net proceeds of which will be used to fund the construction of the first phase of the Pierce Junction crude oil storage facility.

    Five Point commits $75M to EVX Midstream Partners

    Jul 21, 2015

    Five Point Capital Partners LLC has made a $75 equity commitment from Five Point Capital Midstream Fund II LP to the newly formed EVX Midstream Partners.

    Noble closes acquisition of Rosetta Resources

    Jul 21, 2015

    Noble Energy Inc. closed its acquisition of Rosetta Resources Inc. on July 20, after Rosetta stockholders approved the merger. 

    President and CEO Whitehead to retire from Penn Virginia

    Jul 20, 2015

    H. Baird Whitehead has informed the board of directors of Penn Virginia Corp. of his plan to retire as president and CEO after more than 14 years of service, including four years in his current position.

    Penn Virginia sells East Texas assets for $75 million

    Jul 16, 2015

    Penn Virginia Corp. has entered into an agreement to sell its East Texas assets to an undisclosed buyer for gross cash proceeds of $75 million. The sale is expected to close by the end of August.

    EIA forecasts US shale production to fall 91,000 b/d next month

    Jul 14, 2015

    Next month, shale oil production in the US is forecast to decline 91,000 barrels per day (b/d) to 5.36 million b/d, according to the US Energy Information Administration’s (EIA’s) latest Drilling Productivity Report.  

    Pioneer closes sale of Eagle Ford midstream business for $2.15B

    Jul 9, 2015

    Pioneer Natural Resources Co. and Reliance Holding USA Inc. have closed the sale of their Eagle Ford shale midstream business (EFS Midstream) to an affiliate of Enterprise Products Partners LP for $2.15 billion. 

    Stakeholder Midstream secures $250M equity commitment from EnCap Flatrock

    Jul 7, 2015

    Stakeholder Midstream LLC has formed with an initial equity commitment of $250 million from EnCap Flatrock Midstream.

    Southcross completes NGL pipelines, updates on Eagle Ford fractionator

    Jul 6, 2015

    Southcross Energy Partners LP has completed a 60,000-bbl/d Y-grade pipeline connecting Southcross’ Woodsboro processing facility to Southcross Holdings LP’s 63,000-bbl/d Robstown fractionator near Corpus Christi, Texas, and a 20,000-bbl/d propane pipeline from Southcross’ Bonnie View fractionator to the Corpus Christi area for delivery to end-use customers (collectively, the NGL Pipelines).

    Comstock to divest certain East Texas assets

    Jul 2, 2015

    Comstock Resources Inc. has entered into a definitive purchase and sale agreement with a private company to sell Comstock's oil and gas properties in and around Burleson County, Texas, for a sale price of $115 million.



    IHS: Wolfcamp Delaware play offers promise as it matures

    Jun 24, 2015

    Located in the western portion of the Permian Basin, which straddles the Texas-New Mexico border, the Wolfcamp Delaware play is an emerging hydrocarbon play that, according to new analysis from IHS, has the economic potential to sustain select operators through this period of distressed oil prices. However, like most adolescents, IHS says that this play is a story of promise, potential, and testing limits.

    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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