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

Marcellus

Marcellus Shale ImageThe Marcellus shale play runs through northern Appalachia, primarily in Pennsylvania, West Virginia, New York, and Ohio. It is part of the Devonian black shale and the thickness of the gas-producing rock is as much as 900 feet. The formation runs an estimated 600 miles north to south, and is estimated to hold as much as 500 trillion cubic feet of natural gas, about 50 tcf of which is recoverable using current technology. It is one of the richest gas fields in North America.

The proximity to customers in Eastern urban centers is what makes the Marcellus so desirable. Fort Worth-based Range Resources was one of the early players in the Marcellus and still has a huge position in the play. Norway’s Statoil has signed a joint venture with Chesapeake Energy to work together in the Marcellus, and other US and foreign companies also are involved in drilling and infrastructure development.

Marcellus

Marcellus Shale News

Giant Eagle opens first CNG fueling stations in the heart of Pennsylvania's Marcellus Shale

Jul 19, 2011

Food and fuel retailer Giant Eagle Inc. unveiled its first two compressed natural gas (CNG) fueling stations in the Pittsburgh area at its Beechnut Drive retail support and distribution center.

SM Energy to sell entire Marcellus Shale portfolio

Jul 18, 2011

One year after offering up Marcellus Shale assets, SM Energy has agreed to sell assets in McKean and Potter Counties, Pennsylvania to a subsidiary of Endeavour International for $80 million—considerably lower than the original $4,000/acre expectation Jefferies & Co. Inc. put out last year.

First Marcellus test wells fall short for Penn Virginia

Jun 28, 2011

Results from its first three operated wells in the Marcellus Shale fell short of expectations, reported Penn Virginia Corp.

PetroLogistics may develop ethylene plant in West Virginia for Marcellus Shale gas

Jun 27, 2011

Houston-based PetroLogistics has been talking to Bayer Corp. about acquiring some of its property in West Virginia to develop a facility that will convert ethane from Marvellus Shale gas and turn it into ethylene, one of the primary building blocks for petrochemicals.

ExxonMobil increases Marcellus Shale holdings by acquiring private cos

Jun 9, 2011

ExxonMobil has added to its Marcellus Shale acreage with the purchase of two privately held oil and gas operators, Phillips Resources Inc. and TWP Inc., for roughly $1.69 billion.

BREAKING NEWS: Shell plans world-class ethylene cracker in Marcellus region

Jun 6, 2011

Shell is developing plans to build a world-scale ethylene cracker with integrated derivative units in the Appalachian region of the United States.

Cabot reaches record IP rates in Marcellus Shale

May 25, 2011

J-W Energy breaks ground on new facility to serve Marcellus Shale area

May 6, 2011

J-W Energy Company has broken ground on a new multi-million dollar office and service facility located in Muncy Creek, PA to serve the Northeast region of the Marcellus Shale.

Chevron to acquire Marcellus Shale assets from Chief, Tug Hill

May 4, 2011

Chevron Corp. has agreed to acquire oil and gas assets, primarily 228,000 net leasehold acres, in theMarcellus Shale from Chief Oil & Gas LLC and Tug Hill Inc.

Buchanan law firm expands energy practice in Marcellus Shale

May 2, 2011

Buchanan Ingersoll & Rooney PC plans to open an office in Southpointe, Pa., to accommodate the continued growth of its energy practice, which includes oil and gas (Marcellus Shale), coal, renewable energy, and environmental sectors.

Myth, mystery, and the Marcellus

May 1, 2011 Lots of local government regulation is permissible in Pennsylvania, but it does have limits.

Eureka Resources signs Marcellus-related agreement with Fountain Quail Water Management

Apr 12, 2011

Fountain Quail Water Management LLC has entered into an $18 million exclusivity agreement with Eureka Resources LLC for wastewater disposal-related services in the Marcellus Shale.

Environmental groups call on Pennsylvania governor to allow Marcellus well inspectors to do their jobs

Apr 8, 2011

On April 7, 42 faith, conservation, and environmental organizations and businesses sent a letter to Pennsylvania Governor Tom Corbett asking him to order Department of Environmental Protection (DEP) Secretary Michael Krancer to rescind its new 30-day pilot policy that prevents Marcellus shale drilling inspectors from issuing notices of violations until they get approval from the secretary himself.

Latest Magnum Hunter acquisition adds to Marcellus Shale portfolio

Apr 8, 2011

In its latest unconventional resources acquisition, Magnum Hunter Resources has added the remaining 50% non-operated working interest to West Virginia Marcellus Shale acreage previously acquired in a Wetzel County joint venture operation from Post Rock in December.

Momentum to create Appalachia Gathering System in the Marcellus Shale

Mar 31, 2011

M3 Midstream LLC (Momentum) has signed long-term gas gathering agreements with Chesapeake Energy Marketing Inc., a subsidiary of Chesapeake Energy Corporation, and Statoil Natural Gas LLC, a wholly owned subsidiary of Statoil ASA as anchor customers on its Appalachia Gathering System (the AGS).

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