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

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.

Kinder Morgan, MarkWest launch binding open season for pipeline

Nov 11, 2013

Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC, a joint venture between MarkWest Energy Partners LP and the Energy and Minerals Group have launched a binding open season to solicit commitments for a proposed Y-grade pipeline project to transport natural gas liquids produced from the Utica and Marcellus shales to Mont Belvieu, Texas.

WoodMac: Marcellus expected to dominate US gas supply

Nov 6, 2013

Improvements in drilling efficiency and well performance continue to drive production growth in the Marcellus Shale despite falling rig counts, according to new analysis by Wood Mackenzie.

CONSOL to sell five coal mines to help advance Marcellus growth

Oct 29, 2013

Looking to advance in the production of natural gas, CONSOL Energy Inc. (NYSE: CNX) will sell five of its coal mines to Murray Energy, a privately-owned coal company, in a deal valued at $3.5 billion.

Marcellus Shale region growing faster than expected

Oct 22, 2013

Natural gas production from the Marcellus Shale region is growing faster than expected, according to a new federal report. Marcellus production has now reached 12 billion cubic feet a day, the Energy Information Administration report found.

Noble Energy closes on acreage exchange in DJ Basin

Oct 22, 2013

Noble Energy Inc. has closed on an acreage exchange with Anadarko Petroleum Corp. in the greater Wattenberg area of northern Colorado. Each party contributed approximately 50,000 net acres to the exchange. The effective date of the transaction was Jan. 1, 2013.

Marcellus Shale Coalition names new president

Oct 22, 2013

The Marcellus Shale Coalition (MSC) has named David Spigelmyer as the organization's president. Spigelmyer, with a 30-year career in the energy industry, will assume the position effective Monday.

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