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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 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

    CONSOL Energy appoints new E&P COO

    Jan 23, 2014

    CONSOL Energy Inc. has selected Timothy C. Dugan as the new COO for its Exploration and Production division.

    CGG completes three-year Marcellus shale program

    Jan 23, 2014

    CGG has extended its data library of shale acreage in the US by completing a vast three-year multi-client 3D land seismic program targeting the Marcellus shale fairway.

    Miami 2017 - Marcellus gas heading to Florida

    Jan 17, 2014

    Spectra Energy and NextEra Energy’s planned Sabal Trail natural gas pipeline from near Transco Station 85 in southwestern Alabama to near Orlando in central Florida will do more than provide additional gas-delivery capacity to Florida and the welcomed redundancy of a third pipeline to the Sunshine State. The big news is that Williams’ Atlantic Sunrise project by July 2017 will enable large volumes of Marcellus-sourced gas to be shipped south (backwards!) along the Transco pipeline all the way to Station 85. That (and Sabal Trail) will give Marcellus producers something unthinkable until now: access to major gas users as far south as Miami.

    Kurz joins WPX Energy board of directors

    Jan 9, 2014

    WPX Energy reports that Karl F. Kurz has been elected to the company’s board of directors.

    Fitch removes Regency from Negative Watch; affirms ratings

    Jan 8, 2014

    Fitch Ratings has removed the ratings for Regency Energy Partners LP from Negative Watch. In addition, Fitch has affirmed Regency's ratings with a Stable Outlook.

    Shenhua, ECA form Marcellus-focused joint venture

    Jan 6, 2014

    Energy Corporation of America (ECA) and China Shenhua Energy Co. subsidiary Shenhua America Holdings Corp. (Shenhua) report that the two companies have entered into a 50/50 joint venture to develop 25 natural gas wells in Greene County, Pennsylvania.

    WPX Energy adds investor nominee to board

    Dec 23, 2013

    Reuters reports that WPX Energy has added hedge fund shareholder Taconic Capital Advisors LP to its board.

    TGP awards backhaul capacity to serve Utica, Marcellus shales

    Dec 18, 2013

    Tennessee Gas Pipeline Co. LLC (TGP), a subsidiary of Kinder Morgan Energy Partners LP, has completed a successful open season for incremental, north to south natural gas transportation capacity on the TGP system totaling 500,000 dekatherms per day.

    Cabot Oil & Gas provides operations update

    Dec 14, 2013

    Cabot Oil & Gas Corp. has reported results from the company's first 10-well pad in the Marcellus shale play. Additionally, the company has provided an update on its share repurchase program and announced the sale of legacy conventional Mid-Continent properties. 

    Magnum Hunter Resources

    Dec 12, 2013

    In May 2009, Gary C. Evans, chairman and CEO of Magnum Hunter Resources, after a brief respite from the US oil and gas industry due to the sale of his prior company of similar name, reentered the sector.

    Gastar Exploration expands credit facility

    Dec 11, 2013

    Gastar Exploration Inc. reports that the borrowing base under its senior secured revolving credit facility has been confirmed by the lending participants in the amount of $100 million.

    Enterprise Products line-fills ATEX Express pipeline

    Dec 6, 2013

    Enterprise Products Partners LP reports that the process of injecting ethane into the Appalachia-to-Texas Express (ATEX) pipeline began in late November and will continue throughout December. Commercial service is expected to begin in January.

    Sunoco Logistics begins Mariner East 2 open season

    Dec 5, 2013

    Sunoco Logistics Partners LP has begun a binding open season for its Mariner East 2 project.

    Valerus wins contract for Marcellus shale facilities

    Nov 18, 2013

    Valerus has been awarded a contract from Pittsburgh-based EQT Corp. to provide 15,000 hp of compression for two compression stations in southwest Pennsylvania.

    Spectra Energy secures contracts for US Gulf expansion project

    Nov 14, 2013

    Spectra Energy Corp. and Spectra Energy Partners report that they have executed new long-term contracts for 650,000 dekatherms per day of natural gas shipments on the Texas Eastern pipeline system to support the growing manufacturing sector and liquefied natural gas export industry along the Texas and Louisiana coast.

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