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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

    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 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.

    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.

    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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