• 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

    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 Granite Wash properties

    Jul 15, 2015

    Corlena Oil Co. II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Granite Wash play in Roberts County, Texas. The properties are 100% operated and include eight producing wells, two of which are horizontal.

    Sabine enters into forbearance agreement to second lien term loan facility

    May 22, 2015

    Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the company's debt and capital structure. 

    Enable Midstream holds open season for Oklahoma expansion capacity

    Mar 2, 2015

    Enable Midstream Partners LP’s wholly owned subsidiary Enable Gas Transmission LLC (EGT) is holding a non-binding open season to allow interested parties an opportunity to obtain new firm interstate natural gas transportation capacity resulting from an expansion of EGT’s Line AD in Oklahoma.

    North American shale update

    Feb 11, 2015

    Since the previous quarter, the WTI oil price has dropped from approximately $97/bbl to $70/bbl. This change in price will influence the shale industry for the coming years and has resulted in lower activity within the oil plays for the short term.

    Newfield provides update on its China business marketing process

    Jan 14, 2015

    Newfield Exploration Co. has concluded its marketing process for its China business and now plans to retain the assets. For financial purposes, the China business will be reclassified as "continuing operations" in the fourth quarter of 2014.  

    Sabine Oil & Gas to trade under new "SOGC" trading symbol

    Jan 14, 2015

    Sabine Oil & Gas Corp. reports that the OTCQB ticker symbol for common stock of Sabine has been changed from "FSTO" to "SOGC," effective Jan. 13. In addition, the name change from Forest Oil Corp. to Sabine was completed and effective Dec. 19, 2014. 

    LINN Energy reports $2.3 billion of asset sales

    Oct 6, 2014

    LINN Energy LLC and LinnCo LLC report that LINN has signed a definitive agreement to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest Ltd. for a contract price of $1.95 billion.

    Newfield Exploration closes sale of Granite Wash assets

    Sep 23, 2014

    Newfield Exploration Co. has closed on the sale of its Granite Wash assets. As previously announced, the purchase price was $588 million (after-tax proceeds were $582 million). Proceeds will be used to call Newfield's 7-1/8% senior subordinated notes due 2018.

    LINN Energy to sell assets in Texas Panhandle and western Oklahoma

    Aug 18, 2014

    LINN Energy LLC has hired banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to a Reuters report.

    Newfield to sell Granite Wash assets for $588M

    Jul 30, 2014

    Newfield Exploration Co. reports the signing of a $588 million purchase and sale agreement for its Granite Wash assets to Templar Energy LLC (operating through Le Norman Operating LLC).

    Baker Hughes gives second-quarter well count

    Jul 14, 2014

    Baker Hughes Inc. reports that the US onshore well count for the second quarter of 2014 was 9,394 wells, up 428 wells or 5% compared to the first quarter of the year. Compared to the second quarter of 2013, the well count was up 383 wells or 4%.

    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.

    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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