• 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.


    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine


    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 Shale News

    Chesapeake closes Marcellus and Utica sale

    Dec 24, 2014

    Chesapeake Energy Corp. has closed its asset sale to Southwestern Energy Co. and initiatives to further enhance shareholder value.

    Southwestern acquires additional interest in Marcellus, Utica assets

    Dec 24, 2014

    On the heels of its recent Marcellus and Utica asset deal, Southwestern Energy Co. has signed a purchase and sale agreement to acquire an undivided 20% of Statoil's ownership in oil and gas assets in West Virginia and southwest Pennsylvania for a purchase price of approximately $394 million.  

    Southwestern Energy completes acquisition of Marcellus and Utica assets

    Dec 23, 2014

    Southwestern Energy Co. reports that the transaction reported in October with Chesapeake Energy Corp. to acquire certain oil and gas assets in West Virginia and southwest Pennsylvania was closed Dec. 22 at an adjusted purchase price of approximately $4.975 billion. 

    Oilfield Service Briefs

    Dec 17, 2014

    Three companies to watch in 2015

    Dec 16, 2014

    Range Resources, WPX Energy, and Synergy Resources were success stories in 2014

    Wood Group acquires Swaggart Brothers

    Dec 15, 2014

    Wood Group has acquired Swaggart Brothers – an Oregon-based provider of civil construction and fabrication services to the US oil and gas, industrial, and agricultural sectors – for an initial consideration of $36.3 million with a further payment in 2017 based on future performance.

    Australia struggling to commercialize unconventional resources

    Dec 10, 2014

    Following disappointing results from recent exploration and production activities, Australia needs, now more than ever, a liquids-rich play to begin widespread and commercial unconventional development in the country, said Jonathan Lacouture, a GlobalData upstream analyst covering Asia-Pacific.

    FTSI completes acquisition of J-W Wireline

    Dec 9, 2014

    FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co., increasing FTSI’s wireline capacity more than tenfold and extends wireline service to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica, and Haynesville shale plays; and various mid-continent plays.

    Spectra and NU grow alliance for Access Northeast project

    Dec 9, 2014

    Spectra Energy Corp., Spectra Energy Partners, and Northeast Utilities report that their Access Northeast project has formed an alliance with Iroquois Gas Transmission System LP to provide New England with additional access to natural gas supplies.

    EIA: US proved reserves of oil up fifth straight year; US natural gas proved reserves hit all-time high

    Dec 4, 2014

    For the fifth year in a row, US crude oil proved reserves have increased, while US natural gas proved reserves have increased to an all-time high, according to information released today by the US Energy Information Administration (EIA).

    WPX Energy begins to monetize Marcellus shale assets

    Dec 3, 2014

    WPX Energy has signed an agreement to sell its operations in northeast Pennsylvania and release certain firm transportation capacity to Southwestern Energy Co. for $300 million in cash.

    AEMN raises $500M to acquire ORRIs in onshore US basins

    Dec 2, 2014

    American Energy Minerals Holdings LLC (AEMN), an affiliate of American Energy Partners LP, has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (ORRIs) across targeted high-return onshore basins in the US.

    UGI begins service on two Marcellus projects

    Nov 24, 2014

    UGI Energy Services LLC, the midstream and energy marketing subsidiary of UGI Corp., has completed two midstream projects.

    Shale deals drive strong US market, up 9% in Q3 as international M&A struggles

    Nov 17, 2014

    PLS reports that Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2.

    Eastern gas basis: pipeline pain or gain?

    Nov 17, 2014

    Takeaway capacity additions and their impact on basis prices

    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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