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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

    AELP affiliates acquire acreage in Utica and Marcellus shale plays

    Jun 11, 2014

    American Energy–Utica LLC and American Energy–Marcellus LLC, affiliates of American Energy Partners LP, have signed agreements to acquire acreage and production in the Utica and Marcellus shale plays, respectively.

     

     

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company. 

    MarkWest and EMG to expand fractionation complex

    Jun 5, 2014

    MarkWest Energy Partners LP and the Energy & Minerals Group plan to add additional capacity at their Hopedale fractionation and marketing complex in Harrison County, Ohio, in order to meet growing natural gas liquids production in the Utica and Marcellus shale plays under new contracted commitments from numerous producer customers.

    Bentek Energy: US natural gas output rose 0.6% in May

    Jun 4, 2014

    US exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the Lower 48 states, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. 

    Moving Marcellus, Utica gas to the Southeast – Part three

    May 28, 2014

    The southern half of the Eastern Seaboard is a logical market for the natural gas surplus that will be flowing out of the Marcellus/Utica in coming years. Annual gas consumption in the fast-growing Maryland-to-Florida region now tops 8.7 Bcf/d and is rising quickly, largely due to the ongoing shift from coal-fired to gas-fired power generation. In this episode of our series on moving gas out of the Marcellus/Utica, we look at pipeline projects Williams and others are planning to transport gas to Southeast consumers.


    Spectra’s plans to move Marcellus and Utica gas

    May 28, 2014

    Surging natural gas production volumes in the Marcellus/Utica will need to move in just about every direction. No single market—not the Northeast, the Midwest, the Southeast, or even the Gulf Coast—is big enough to absorb it all.In this, the first of several company-by-company episodes on who is planning what, we examine Spectra Energy’s plans to add at least 2 Bcf/d of new Marcellus/Utica takeaway capacity by 2017, and maybe another 2 or 3 Bcf/d by the end of the decade.

    Moving Marcellus and Utica natural gas south and west

    May 28, 2014

    Natural gas production in the Marcellus/Utica region continues to increase sharply. Gas pipeline takeaway capacity out of Marcellus/Utica has been added in fits and starts to date, but the need for new southern and western outlets for gas from the region is now evident, and midstream companies are planning long line, bi-directional projects with a combined capacity of more than 9 Bcf/d. In this new series, we consider this next round of pipeline projects out of the Marcellus/Utica.

    Trans Energy closes new $200 M credit facility With Morgan Stanley

    May 27, 2014

    Trans Energy Inc., a pure play Marcellus Shale exploration and production company,  reports  that its subsidiary, American Shale Development Inc.,  has closed on a new credit facility with Morgan Stanley Capital Group Inc. in the amount of $200 million.

    Building a ready workforce

    May 7, 2014

    Companies support Field Lab for Lackawanna College students

    UGI expands Marcellus shale projects

    May 7, 2014

    In Pennsylvania, UGI Energy Services LLC has announced the further expansion of its Auburn Gathering System with the construction of a new 9-mile 24-inch pipeline from Susquehanna County to the Manning Compressor Station in Wyoming County, along with additional compression to be installed at Manning.

    MarkWest expands Marcellus processing capacity

    May 7, 2014

    MarkWest Energy Partners LP reports an expansion of rich-gas processing capacity in the Marcellus shale play. The Partnership is adding two new cryogenic processing plants to its West Virginia facilities.

    EQT to sell Jupiter gathering system for $1.18 billion

    May 2, 2014

    EQT Corp. reports that EQT Midstream Partners LP has agreed to acquire EQT’s Jupiter natural gas gathering system for $1.18 billion.

    Moody's: Marcellus Shale one of the most profitable regions in US

    Apr 9, 2014

    Exploration and production companies that extract natural gas from the Marcellus Shale will benefit more than natural gas producers elsewhere in North America, even if gas prices weaken, Moody’s Investors Services said in a recent report.

    Act 13 Impact Fee revenues to surpass $630M for state of PA

    Apr 8, 2014

    Higher natural gas prices are expected to increase Pennsylvania's drilling fee revenue by 11%. As natural gas prices inch higher over the years, so too, do the fees natural gas producers pay to the state as part of the 2012 Act 13 impact fee assessed on unconventional wells.

    US natural gas output up record amount in March

    Apr 1, 2014

    Spurred on by the top three highest producing days in US history, domestic natural gas production in the Lower 48 states averaged 66.6 billion cubic feet per day (Bcf/day) in March 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts.

    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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