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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.

    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

    Sabine and Forest Oil complete all-stock business combination

    Dec 18, 2014

    Sabine Oil & Gas LLC and Forest Oil Corp. have closed their all-stock business combination on a revised basis. The combined entity intends to change its name to Sabine Oil & Gas Corp., and will be headquartered in Houston, Texas.

     

    Lucas Energy granted NYSE MKT compliance plan extension

    Dec 17, 2014

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Jan. 31, 2015, to regain compliance with the NYSE MKT continued listing standards.

    WadeCo Specialties acquires Select Chemicals

    Dec 17, 2014

    WadeCo Specialties Inc., a specialty chemical provider focused on production chemicals and services for the oil and gas industry, has acquired Select Chemicals Ltd. WadeCo is a portfolio company of Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy services and equipment businesses.

    Wood Group acquires Swaggart Brothers

    Dec 15, 2014

    Wood Group has acquired Swaggart Brothers – an Oregon-based provider of civil construction and fabrication services to the US oil and gas, industrial, and agricultural sectors – for an initial consideration of $36.3 million with a further payment in 2017 based on future performance.

    Thigpen, Recapture Solutions, FLPS merge to form TRF Energy Solutions

    Dec 10, 2014

    Thigpen Energy, Recapture Solutions, and Flex Leasing Power and Service have merged to become TRF Energy Solutions, which offers a comprehensive suite of natural gas solutions including remote power, natural gas fueling, and flare reduction to customers across the continental US.

    FTSI completes acquisition of J-W Wireline

    Dec 9, 2014

    FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co., increasing FTSI’s wireline capacity more than tenfold and extends wireline service to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica, and Haynesville shale plays; and various mid-continent plays.

    ConocoPhillips sets 2015 capital budget 20% lower than 2014

    Dec 9, 2014

    Oil and gas giant ConocoPhillips set its 2015 capital budget at $13.5 billion, a 20% decrease from 2014, the company said Monday.

    Battlecat secures $220 million equity commitment

    Dec 3, 2014

    Battlecat Oil & Gas LLC has secured equity commitments of up to $220 million from funds managed by Lime Rock Partners, Wells Fargo Energy Capital, and the company's management team.  

    Foxcode closes $210M bond issuance for US Shale Solutions

    Nov 25, 2014

    Foxcode Inc., a merchant banking firm, has closed a $210 million bond issuance of three-year senior secured notes to form US Shale Solutions Inc. 

    PAA to expand Cactus Pipeline takeaway capacity

    Nov 25, 2014

    Plains All American Pipeline LP plans to provide additional pumps to increase the takeaway capacity of the Cactus Pipeline in response to higher regional production forecasts and shipper demand.

    Southcross acquires Eagle Ford pipeline system

    Nov 24, 2014

    Southcross Energy Partners LP has completed the acquisition of a natural gas gathering system in McMullen County, Texas.

    Navitas updates on Eagle Ford agreement

    Nov 21, 2014

    Navitas Midstream Partners LLC has executed a long-term, fee-based agreement with an investment-grade independent producer to provide gathering and processing services in the northern Eagle Ford shale play in Brazos and Grimes counties, Texas.

    New Gulf Resources adds to management team

    Nov 18, 2014

    New Gulf Resources LLC has hired Craig Young as its vice president of drilling and completions. 

    Shale deals drive strong US market, up 9% in Q3 as international M&A struggles

    Nov 17, 2014

    PLS reports that Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2.

    North American shale update

    Nov 17, 2014

    Production set to reach 15 MMboe/d in 2015

    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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