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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

    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

    Rice Energy acquires Marcellus acreage from Chesapeake for $336M

    Jul 7, 2014

    Rice Energy Inc. has signed a definitive purchase and sale agreement to acquire approximately 22,000 net acres and 12 developed Marcellus wells in western Greene County, Pennsylvania, from Chesapeake Appalachia, LLC and its partners for approximately $336 million.

    Stone Energy to sell non-core GOM shelf properties

    Jul 1, 2014

    Stone Energy Corp. has a definitive agreement to sell its non-core Gulf of Mexico conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash and assumed future undiscounted abandonment liabilities estimated at $117 million. 

    GreenHunter Resources to begin multiple-pipeline project in shale areas

    Jun 30, 2014

    GreenHunter Resources Inc. reports that, through its wholly-owned subsidiary GreenHunter Pipeline LLC, it has executed multiple definitive agreements to have exclusive use of three independent pipelines.

    ICF: Marcellus, Utica shale gas production continues to grow

    Jun 30, 2014

    ICF International has announced its second-quarter 2014 Detailed Production Report. The report provides a complete outlook for US and Canada natural gas, natural gas liquids, and oil production through 2035.

    ETP plans to build Marcellus-Utica pipeline project

    Jun 26, 2014

    Energy Transfer Partners LP plans to build a pipeline to transport natural gas from processing facilities located in the prolific Marcellus and Utica shale areas to numerous market regions in the US and Canada.

    Eclipse Resources prices IPO

    Jun 20, 2014

    Eclipse Resources Corp. has priced its initial public offering of 30,300,000 shares of common stock at $27.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 20 under the ticker symbol “ECR.”

    EQT and NextEra Energy begin Southeast pipeline project

    Jun 15, 2014

    EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc. have begun a non-binding open season for the Mountain Valley Pipeline project, which is expected to connect Marcellus and Utica natural gas supply to demand markets in the Southeast region of the US.

    CONSOL to form midstream MLP with Noble Energy

    Jun 15, 2014

    CONSOL Energy Inc. and its Marcellus Shale joint venture partner, Noble Energy Inc., intend to form a master limited partnership to provide midstream gathering services for production from their jointly owned acreage in the Marcellus shale play. 

    AELP affiliates acquire acreage in Utica and Marcellus shale plays

    Jun 11, 2014

    American Energy–Utica LLC and American Energy–Marcellus LLC, affiliates of American Energy Partners LP, have signed agreements to acquire acreage and production in the Utica and Marcellus shale plays, respectively.

     

     

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

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

    MarkWest and EMG to expand fractionation complex

    Jun 5, 2014

    MarkWest Energy Partners LP and the Energy & Minerals Group plan to add additional capacity at their Hopedale fractionation and marketing complex in Harrison County, Ohio, in order to meet growing natural gas liquids production in the Utica and Marcellus shale plays under new contracted commitments from numerous producer customers.

    Bentek Energy: US natural gas output rose 0.6% in May

    Jun 4, 2014

    US exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the Lower 48 states, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. 

    Moving Marcellus, Utica gas to the Southeast – Part three

    May 28, 2014

    The southern half of the Eastern Seaboard is a logical market for the natural gas surplus that will be flowing out of the Marcellus/Utica in coming years. Annual gas consumption in the fast-growing Maryland-to-Florida region now tops 8.7 Bcf/d and is rising quickly, largely due to the ongoing shift from coal-fired to gas-fired power generation. In this episode of our series on moving gas out of the Marcellus/Utica, we look at pipeline projects Williams and others are planning to transport gas to Southeast consumers.


    Spectra’s plans to move Marcellus and Utica gas

    May 28, 2014

    Surging natural gas production volumes in the Marcellus/Utica will need to move in just about every direction. No single market—not the Northeast, the Midwest, the Southeast, or even the Gulf Coast—is big enough to absorb it all.In this, the first of several company-by-company episodes on who is planning what, we examine Spectra Energy’s plans to add at least 2 Bcf/d of new Marcellus/Utica takeaway capacity by 2017, and maybe another 2 or 3 Bcf/d by the end of the decade.

    Moving Marcellus and Utica natural gas south and west

    May 28, 2014

    Natural gas production in the Marcellus/Utica region continues to increase sharply. Gas pipeline takeaway capacity out of Marcellus/Utica has been added in fits and starts to date, but the need for new southern and western outlets for gas from the region is now evident, and midstream companies are planning long line, bi-directional projects with a combined capacity of more than 9 Bcf/d. In this new series, we consider this next round of pipeline projects out of the Marcellus/Utica.

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