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

Corlena Oil II to sell horizontal Texas Panhandle properties

Apr 18, 2014

Corlena Oil Company II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Cleveland, Granite Wash, and Douglas play in Hemphill and Ochiltree counties, Texas.

MarkWest completes Buffalo Creek facility for Granite Wash

Feb 10, 2014

MarkWest Energy Partners LP has completed the 200 million cubic feet per day (MMcf/d) Buffalo Creek cryogenic gas processing plant and associated high-pressure trunk line in the Granite Wash play.

SM Energy to divest Anadarko Basin assets

Nov 6, 2013

SM Energy Co. (NYSE: SM) has entered into an agreement to divest all of its properties in the Anadarko Basin, which includes the company’s Granite Wash interests, to various affiliates of EnerVest Ltd. for cash proceeds of $343 million.

 

Sabine Oil & Gas appoints Levesque as COO

Oct 14, 2013

Sabine Oil & Gas LLC has promoted Todd Levesque to COO. As COO, he will have executive responsibility for all aspects of Sabine's operations including development plan optimization.

SM Energy's Anadarko Basin sale should draw high bids

Jul 11, 2013

SM Energy Co. (NYSE: SM) has engaged an advisor to market all of its properties in the Anadarko Basin, which includes the company’s Granite Wash interests, the company said July 10.

Eagle Rock starts up Wheeler plant in Texas Panhandle

Jul 8, 2013

Eagle Rock Energy Partners LP (Nasdaq: EROC) has started up its previously announced 60-MMcf/d cryogenic processing facility in Wheeler County, Texas, in the heart of the Granite Wash play.

Trilantic Capital Partners sells majority stake in TLP Energy

Dec 17, 2012

Trilantic Capital Partners, a global private equity firm, has completed the sale of the assets of TLP Energy, an Oklahoma City-based oil and gas producer, to NFR Energy for approximately $655 million.

Unit Corp.’s $617 million purchase from Noble may be a game-changer

Sep 1, 2012

Unit Petroleum Company, the E&P arm of Tulsa, Okla.-based Unit Corporation, recently completed what company executives are calling a "transformational event.

Eagle Rock restarts Phoenix-Arrington Ranch Plant

Jul 2, 2012

Eagle Rock Energy Partners LP has restarted its Phoenix-Arrington Ranch Plant in Hemphill County, Texas, serving the Granite Wash play.

Eagle Rock starts up new plant in Granite Wash

Jun 7, 2012

Houston-based Eagle Rock Energy Partners LP [Nasdaq: EROC] has started up its previously announced state-of-the-art 60 MMcf/d cryogenic processing facility (the Woodall Plant) in Hemphill County, Texas, in the heart of the prolific Granite Wash play in the Texas Panhandle.

Apache raises $3B in debt to help fund Cordillera acquisition

Apr 4, 2012

Houston-based Apache Corp. priced $3 billion in aggregate principal amount of notes in a public offering to help fund its $2.85 billion purchase of Cordillera Energy Partners III LLC.

Investor group to gain shale play acreage with Samson acquisition

Nov 23, 2011

An investor group consisting of KKR, NGP, Crestview Partners and Itochu Corp., has signed a definitive agreement to acquire Samson Investment Co., one of the largest private exploration and production companies in the US, for $7.2 billion.

ONEOK Partners to invest up to $240 million in Cana-Woodford Shale and Granite Wash

Dec 15, 2010

Apache completes horizontal wells in Granite Wash

Nov 4, 2010

Houston-based Apache Corp. reported Nov. 4 that the first two horizontal wells to target the Hogshooter segment of the Granite Wash play in the Anadarko Basin each commenced production at rates exceeding 2,000 barrels of oil per day.

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.

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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