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

EXCO Resources acquires Marcellus Shale properties from Chief

Dec 22, 2010

Dallas-based EXCO Resources Inc. said Dec. 22 it will buy properties prospective for the Marcellus Shale from Chief Oil & Gas LLC and related parties for about $459.4 million, after preliminary purchase price adjustments at the closing.

Gastar completes acquisition of Marcellus Shale leasehold

Dec 20, 2010

Houston-based Gastar Exploration Ltd. said Dec. 20 it has completed the previously announced Marcellus property acquisition for $29.1 million. The acquisition consists of about 62,000 net acres of leasehold in the Marcellus Shale.

Magnum Hunter to build gas plant in West Virginia

Dec 20, 2010

Houston-based Magnum Hunter Resources said Dec. 17 that it will construct a 200-MMcf per day capacity cryogenic natural gas processing plant in West Virginia.

GlobaLogix opens ops center to support Barnett producers

Dec 15, 2010

GlobaLogix, a Houston-based oilfield control and automation company, has opened a new operations center in Aledo, Texas to support oil and gas producers operating within the Barnett shale play.

Spectra announces open season for AIM project

Dec 14, 2010

Spectra Energy Corp.’s Algonquin Gas Transmission LLC announced a non-binding open season for the Algonquin Incremental Market (AIM) project, a proposed expansion of the company’s existing Algonquin pipeline system to deliver additional Appalachian and Marcellus Shale natural gas supplies to premium markets in the US Northeast and New England

STW Resources to deploy fleet to reclaim water from Marcellus shale production

Dec 13, 2010

STW Resources Holding Corp. has signed an agreement with Aquatech International to purchase and/or lease a fleet of mobile units for the treatment and reclamation of hydraulic fracture flow-back and produced waters from Marcellus shale production.

El Paso forms midstream JV with KKR

Dec 8, 2010

El Paso Midstream Group Inc., a subsidiary of El Paso Corp., and Kohlberg Kravis Roberts & Co. (KKR) said Dec. 7 they have executed agreements to create a new midstream joint venture.

Antero Resources acquires Bluestone Energy, adds to Marcellus acreage

Dec 2, 2010

Independent oil and natural gas company Antero Resources has acquired Bluestone Energy Partners, adding to the company’s Marcellus shale acreage position.

Charities and champions: the year in review 2010

Dec 1, 2010 It's December once again, time to wrap up another year at Oil & Gas Financial Journal.

Water: Greatest challenge for shale gas. . . and the next investment opportunity

Dec 1, 2010 There is no doubt that the so-called "Shale Gale" has taken hold in the US and is on the brink of spreading worldwide.

Chevron buys Atlas Energy in $4.3B deal, enters shale business

Dec 1, 2010 Following recent shale asset acquisitions in Poland, Romania, and Canada, Chevron Corp. has made a large grab at the North American shale industry, particularly the gas-rich Marcellus shale.

Antero Resources closes Oklahoma midstream sale to Cardinal

Dec 1, 2010 Antero Resources has closed the previously announced sale of its midstream assets, located in the Woodford Shale area of the Arkoma Basin, to Cardinal Midstream LLC for $270 million.

EXCO plans $976M budget for 2011

Nov 29, 2010

EXCO Resources plans to spend $768.9 million on drilling and completions in 2011 as part of a $976.2 million total budget.

Cabot to sell Pennsylvania midstream assets to Williams

Nov 18, 2010

Cabot Oil & Gas Corp. is selling its Pennsylvania midstream assets to Williams Field Services Co. LLC (WFS), a subsidiary of Williams Partners LP, for $150 million plus a 25-year gathering agreement.

Burleson Cooke opens San Antonio office

Nov 18, 2010

The energy law firm of Burleson Cooke has opened a new office in San Antonio that will focus on serving companies with interests in the Eagle Ford Shale play.

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