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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

    Range Resources plays historic role

    Sep 10, 2014

    OGFJ recently contacted senior executives with Fort Worth, Texas-based Range Resources to discuss the company’s evolution over the years, including its pioneering role in the Marcellus shale play. Jeffrey Ventura, president and CEO; Roger Manny, EVP and CFO; and Ray Walker Jr., EVP and COO, brought us up to date.

    UPSTREAM NEWS

    Sep 9, 2014

    Wellsite Rental Services expands to Marcellus and Utica regions

    Sep 9, 2014

    Wellsite Rental Services, a rental equipment provider for the drilling and production sectors of the oil and gas industry, is partnering with Deep Well Services to serve the Marcellus and Utica regions.

    Williams begins open season for Marcellus pipeline project

    Sep 5, 2014

    Williams is initiating an open season to Sept. 29 for the Western Marcellus Pipeline Project, an expansion of the Transco interstate pipeline to provide incremental firm natural gas transportation capacity to growing markets in the Mid-Atlantic and southeastern US by late 2018.

    EQT and NextEra announce Mountain Valley Pipeline JV

    Sep 4, 2014

    EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., report the formation of a joint venture, Mountain Valley Pipeline LLC, that will construct and own the Mountain Valley Pipeline.

    Wood Mackenzie: Marcellus shale holds over $90B in remaining value

    Aug 28, 2014

    The Marcellus shale play, the largest shale gas play in the world based on current production, is projected to hold over $90 billion in remaining value according to Wood Mackenzie’s latest key play analysis and output from its new North America well analysis tool. 

    Quantum and Tug Hill form partnership

    Aug 26, 2014

    Quantum Energy Partners and Tug Hill Inc. have formed a partnership to engage in the acquisition, development, and exploitation of conventional and unconventional oil and gas assets in certain North American basins.

    MarkWest to expand Marcellus processing and fractionation infrastructure

    Aug 26, 2014

    MarkWest Energy Partners LP plans a major expansion of midstream infrastructure at its Keystone complex in Butler County, Pennsylvania, to support growing rich-gas production from the Marcellus shale play and Upper Devonian formations.

    CONSOL, Noble file for a midstream MLP

    Aug 26, 2014

    CONSOL Energy Inc. reports that CONSOL Energy and its Marcellus shale play joint venture partner, Noble Energy Inc., caused a Registration Statement on Form S-1 to be filed Aug. 25 with the US Securities and Exchange Commission for the initial public offering of common units of a master limited partnership to be known as CONE Midstream Partners LP. 

    Carrizo Oil & Gas CFO retires; new CFO named

    Aug 13, 2014

    Carrizo Oil & Gas Inc. reports that Paul F. Boling, vice president, CFO, secretary, and treasurer, has retired, effective Aug. 11. In connection with Boling's retirement, Carrizo has named David L. Pitts as its new CFO and treasurer, in addition to his current roles.

    INDUSTRY BRIEFS

    Aug 11, 2014

    AEU and AEM close Utica and Marcellus acquisitions

    Aug 6, 2014

    American Energy – Utica, LLC and American Energy – Marcellus LLC have closed on separate transactions to buy leasehold acreage in the Utica and Marcellus shale plays, respectively.

     

    East Resources closes Utica and Marcellus divestitures

    Aug 6, 2014

    East Resources Inc. has closed on separate agreements, along with an unnamed joint venture partner, to divest of leasehold acreage in the Utica and Marcellus shale plays to American Energy – Utica LLC and to American Energy – Marcellus LLC.

     

    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.

    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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