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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

    EIA: Marcellus region production continues growth

    Aug 5, 2014

    According to recent EIA data, natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (bcf/d) through July, the first time ever recorded. 

    PDC to sell interest in PDCM Marcellus JV; increases Utica acreage

    Jul 30, 2014

    PDC Energy Inc. has agreed to sell its 50% interest in PDC Mountaineer LLC, a Marcellus joint venture, to Mountaineer Keystone Energy LLC for $250 million.

    Gas production rises in Marcellus, Utica

    Jul 18, 2014

    Gas production for the Marcellus and Utica shale plays in the eastern United States is projected to grow to 34 billion cubic feet per day by 2035, according to ICF International, a provider of consulting and technology services to government and private industry.

    Law firm Jackson Kelly adds attorneys focused on oil and gas

    Jul 10, 2014

    Jackson Kelly PLLC has moved its Ohio office from Canton to Akron and has added established Akron attorneys Mark Bernlohr, Clay Keller, and J. Alex Quay, who will practice in the firm’s Industrial, Environmental and Complex Litigation Practice Group.

     

    New York high court upholds local bans on hydraulic fracturing

    Jul 9, 2014

    On June 30, 2014, the New York State Court of Appeals, the highest court in the state, held that municipalities can effectively “zone out” oil and gas operations by passing zoning ordinances that ban oil and gas production activities, including hydraulic fracturing, within municipal boundaries.

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Warren Resources acquires Citrus Energy’s Marcellus assets

    Jul 8, 2014

    Warren Resources Inc. has executed a purchase and sale agreement to acquire essentially all of the Marcellus assets of Citrus Energy Corp. and two additional working interest owners for $352.5 million.

    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. 

    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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