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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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

Granite Wash Tight Gas

Granite Wash Tight Gas ImageThe Midcontinent Granite Wash is a series of tight gas plays (Lard Ranch, Buffalo Wallow, Stiles Ranch, and Colony West) that runs from the Texas Panhandle to Southwest Oklahoma. There is some oil production in the Granite Wash, mainly in Oldham and Gray counties in Texas. The sandstone reservoir is about 160 miles long and 30 miles wide. Operators are using both horizontal and vertical drilling to produce reserves from this longtime target.

Economic rates are achieved by multi-stage, slickwater fracture treatments and close attention to costs. There are over 2600 operating wells in the Granite Wash, and some of the operators include Chesapeake Energy, Newfield Exploration, Penn Virginia, Cimarex Energy, Questar, Linn Energy, Forest Oil, Apache Corp., BNK Petroleum, Devon Energy, and Cordillera Energy Partners III.

Granite Wash Map

Granite Wash News

LINN Energy reports production from third, fourth Granite Wash wells

Sep 7, 2010

LINN Energy LLC today announced results from its third and fourth operated horizontal Granite Wash wells in the Greater Stiles Ranch area of the Texas Panhandle.

PXP reports 'impressive' Granite Wash results

Aug 6, 2010

On August 5, PXP announced its plan to monetize certain of its GOM assets to focus on production growth from the Haynesville shale and Granite Wash. Initial production rates for two wells drilled in the Granite Wash in 2Q10 look promising.

Newfield to slow the pace of Woodford, Granite Wash development

Jul 9, 2010

Newfield Exploration Co. is reducing its planned gas development wells in the second half of 2010 to emphasize oil plays despite growth of 20% expected in its Granite Wash production this year.

SM Energy completing second Granite Wash well

Jun 17, 2010

SM Energy Co., formerly St. Mary Land and Exploration, recently started its Granite Wash drilling program with two wells.

Unit Corp deems 3 of 4 intervals economic in Granite Wash

Jun 8, 2010

Tulsa, Okla.-based Unit Corp. is logging new developments in the Texas Panhandle portion of the Granite Wash. With reserve estimates of its 2009 Frank Shaller 7H horizontal well standing at 6.0 to 8.0 Bcfe and four wells drilled in the first quarter of 2010, the company is testing the area for further drilling.

Forest Oil sets aside $182M for Granite Wash in 2010

May 8, 2010

While focusing on its unconventional assets, Forest Oil Corp. has been particularly impressed with its Granite Wash program.

Apache's Granite Wash Hostetter well producing 17 MMcf, 800 b/d

Oct 30, 2009

Apache Corp. has released results from its Hostetter #1-23H well in Oklahoma’s Granite Wash play in Washita County is producing 17 million cubic feet (MMcf) of gas and 800 barrels of liquid hydrocarbons per day.

Building an E&P company and making exit decisions

Oct 1, 2005 Peak Energy Resources Inc. was formed in November of 2002 with an initial equity commitment from Yorktown Energy Partners of $10 million.

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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