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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

    Haynesville

    Haynesville Shale ImageThe Haynesville shale play runs through northwestern Louisiana, northeastern Texas, and the southwestern tip of Arkansas. Some industry experts believe the Haynesville shale could ultimately produce as much as 30 to 40 trillion cubic feet of natural gas and will outproduce the Barnett shale in less than five years. The reason is the formation is very deep and very thick. The depth and high pressures make drilling expensive, but the payout is believed to be worth the cost.

    Chesapeake Energy is the major leaseholder and producer in the Haynesville, but several smaller operators, including Houston-based Petrohawk Energy, have acquired significant positions and are increasing production quickly. The Cotton Valley tight gas formation is located just above the Haynesville shale and is also a major target for companies operating in this area.

    Haynesville

    Haynesville Shale News

    Schramm and FEMCO partner in 24/7 rig service centers in shale regions

    Sep 23, 2014

    Schramm Inc., a manufacturer of land-based hydraulic drilling rigs, has formed a partnership with FEMCO, an aftermarket parts manufacturer and emergency repair services provider, to support its customers operating in North Dakota, South Dakota, and Texas, with 24/7 service centers for drilling rigs.

    Patterson-UTI Energy to acquire Texas-based pressure pumping assets

    Sep 22, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the Texas-based pressure pumping assets of a privately held company.

    Private equity and MLP trains picking up steam in US markets

    Sep 11, 2014

    Private equity and MLP buying for US deals is gaining strength while super-major sell-downs are providing substantial supply.

    Vine and Blackstone to acquire Shell’s Haynesville assets

    Aug 18, 2014

    Vine Oil & Gas LP, a recently formed exploration and production company, and Blackstone Energy Partners, an affiliate of Blackstone, have a definitive agreement to acquire the Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc, for $1.2 billion.

    North American shale update

    Aug 11, 2014

    Rystad Energy estimates that the total liquid supply from North American shale production will increase by 1.4 million barrels of oil equivalent per day in 2014 compared to 2013.

    Matador Resources begins public offering of common stock

    May 27, 2014

    Matador Resources Co. has begun an underwritten public offering of 7,500,000 shares of its common stock.

    You never give me your money -- Some common oil and gas royalty disputes

    Jan 30, 2014

    Natural gas and oil development, especially in shale plays that require a lot of wells and a lot of activity, can be inconvenient and noisy.  There are also, of course, various criticisms and protests around some of the processes used, such as hydraulic fracturing, and around the overall level of activity, such as truck traffic. Here, an examination of some common oil and gas royalty disputes.

    Goodrich prices public offering of common stock

    Oct 16, 2013

    Goodrich Petroleum Corp. has reported the pricing of its public offering of 6,000,000 shares of its common stock at $25.25 per share.

    Natural Resource Group puts down roots in Marcellus region

    Oct 15, 2013

    Natural Resource Group (NRG), a consulting firm to the energy industry, has created a base of operation in the Marcellus shale play with the opening of a new office in Pittsburgh, Pennsylvania. 

    Shale gas production economics spreadsheet model and inputs

    Sep 20, 2013

    With natural gas prices for CME NYMEX Henry Hub futures averaging $3.69/MMBtu so far this year, you might think that the internal rate of return for dry natural gas wells in the Haynesville would be under water. But in fact, wells are still being drilled with IRRs in the low teens.  Granted these wells don’t look nearly as good as liquids plays in other shale basins, but the wells are profitable. How could this be?

    Shale production economics – Estimating well production

    Sep 9, 2013

    Shale has transformed the economics of oil and gas production in the US and is creating an era of lower cost energy. Attractive rates of return are bringing producers to profitable shale plays like bees to a honey pot. Among the keys to those attractive rates of return are high initial production and high cumulative production rates in the early years of typical shale wells. Today we continue our rundown of shale production financial return calculations with a review of well production estimation techniques.

    Chesapeake sells Eagle Ford and Haynesville assets to EXCO for $1B

    Jul 3, 2013

    Chesapeake Energy Corp. (NYSE:CHK) announced the execution of agreements to sell assets in the northern Eagle Ford Shale and Haynesville Shale to Dallas-based EXCO Operating Company LP, a subsidiary of EXCO Resources Inc. (NYSE:XCO), for aggregate proceeds of about $1 billion, of which approximately 90% will be received upon closing.

    Marcellus surpasses Haynesville as largest US natural gas producing play, says IHS

    Mar 18, 2013

    Recent pipeline expansions have helped the Marcellus shale play reach a production rate above 7 billion cubic feet (BCF)/day; surpassing the Haynesville shale to become the largest gas producing play in the US, according to a new IHS (NYSE: IHS) report.

    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.

    EXCO sets 2012 budget, reduces Haynesville activity

    Nov 18, 2011

    Dallas-based EXCO Resources Inc. has estimated its 2012 capital budget around $710 million, including $585 million for development and completion activities.

    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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