• 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


    Fayetteville Shale ImageWhen one thinks of the Fayetteville shale, one company name comes to mind immediately – Southwestern Energy. Houston-based Southwestern was the earliest entrant in the Fayetteville shale play and today still has nearly three times the natural gas production of its nearest competitor in the formation. The Fayetteville shale is located on the Arkansas side of the Arkoma Basin and cuts a swath through the north-central part of the state east to the Mississippi River.

    Experts believe the Fayetteville shale could hold up to 20 trillion cubic feet of natural gas. Oklahoma City-based Chesapeake Energy is the second-largest lease holder in the Fayetteville shale play, followed by Petrohawk Operating Co. and XTO Energy, which was recently acquired by Exxon Mobil Corp. Southwestern has sold some of its Fayetteville assets to XTO.

    Fayetteville Shale Map

    Fayetteville Shale News

    Petrohawk shifts focus away from Fayetteville in 2010

    May 6, 2010

    Frontier acquires gas gathering systems in Fayetteville

    Feb 3, 2010

    Tulsa, Okla.-based Frontier Gas Services LLC has acquired two gas gathering systems located in the Fayetteville Shale in Faulkner and Conway Counties, Arkansas.

    A current view of the top 5 US gas shales

    Feb 1, 2010

    The five largest gas shale plays now account for about 10% of total US natural gas production, and this figure could double by 2012.

    Southwestern earns top billing in Fayetteville

    Aug 1, 2009 Houston-based Southwestern Energy Co. is the runaway top producer in Arkansas’ Fayetteville Shale with nearly three times the natural gas production of the second-largest producer, Chesapeake Energy Corp., and almost eight times the volume of the No. 3 player, Petrohawk Energy Corp.

    Energy Photo of the Week

    May 26, 2009

    Now you can share your personal industry-related photos with Oil & Gas Financial Journal online! Send your photos, along with a short description to OGFJ associate editor Mikaila Adams mikaila@pennwell.com and your photo could be the next Energy Photo of the Week.

    Triangle to amp up Windsor exploration; divest Fayetteville assets

    Apr 7, 2009

    Triangle Petroleum Corp. has reviewed the company's portfolio of projects and has elevated the 516,000 gross acre Windsor block in the Maritimes basin to Triangle's primary shale gas project and elected to sell its 10,400 net acres in Conway County in the Fayetteville shale project.

    Chesapeake shares rise on takeover talk

    Nov 24, 2008 While no major move has been made following the early November speculation about a possible buy-out bid from BP plc, the rumors haven't ceased.

    Chesapeake Energy Corp. stock prices rose by as much as 14% amid the early speculation and were expected to continue on that trend when, on November 11, the company announced a joint venture with StatoilHydro that would bring the company more than $3.35 billion.

    Chesapeake reduces drilling budget

    Sep 23, 2008

    Chesapeake Energy plans to its capex budget during the second half of 2008 through year-end 2010 by approximately $3.2 billion (17%), in response to an approximate 50% decrease in natural gas prices since June 30, 2008 and concerns about the possibility of an emerging US natural gas surplus in advance of increased demand from the US transportation sector.

    BP, Chesapeake ink $1.9B deal in Fayetteville Shale

    Sep 3, 2008

    Chesapeake Energy Corp. and BP America intend to form a joint venture whereby BP will acquire a 25% interest in Chesapeake's Fayetteville Shale assets in Arkansas for $1.9 billion.

    The assets have current daily net production of nearly 180 million cubic feet of natural gas equivalent and include approximately 540,000 net acres of leasehold which the companies believe could support the drilling of up to 6,700 future horizontal wells.

    BP, Chesapeake ink $1.9B deal in Fayetteville Shale

    Sep 3, 2008

    Chesapeake Energy Corp. and BP America intend to form a joint venture whereby BP will acquire a 25% interest in Chesapeake's Fayetteville Shale assets in Arkansas for $1.9 billion.

    With Haynesville, seven new unconventional discoveries, Chesapeake increases capital expenditures

    May 1, 2008 Chesapeake Energy Corp. has made a new natural gas discovery in the Haynesville Shale in Louisiana.

    Petrohawk selling Gulf Coast assets; will concentrate on gas resource plays

    Aug 1, 2007 Houston-based Petrohawk Energy Corp. plans to sell its Gulf Coast division and will concentrate its efforts on developing and expanding its significant base of Mid-Continent natural gas resource-style activities, including tight-gas development in North Louisiana and East Texas and in the Fayetteville and Woodford shale formations.

    Whittier Energy heads fast-growth list

    May 1, 2006 Houston-based Whittier Energy Corp. takes top honors as the fastest-growing US-based oil and gas producer for the final quarter of 2005 compared to the same period in 2004 (see OGJ200 Quarterly, page 44).

    Harold Korell directs turnaround at Southwestern

    Jun 1, 2005 Southwestern Energy Co. is one of the feel-good, comeback stories of the past few years in the E&P sector - the kind of overcoming-the-odds narrative that makes careers for the entire management team.


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