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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

    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.

    Gastar Exploration increases borrowing base

    Mar 28, 2014

    Gastar Exploration Inc. reports that the borrowing base under its revolving credit facility has been increased to $120 million.

    SWOP acquires majority interest in Susquehanna Services

    Mar 26, 2014

    Specialty Waste Operating Partners LP has completed the acquisition of a majority interest in Susquehanna Services Inc., a provider of solids processing services for oil and natural gas drilling operations.

    Regency closes merger with PVR Partners

    Mar 24, 2014

    Regency Energy Partners LP and PVR Partners LP have closed Regency’s acquisition of PVR.

    Morningstar: Marcellus shale is game-changer for US energy industry

    Mar 5, 2014

    The emergence of the Marcellus shale formation in the northeastern US is a game-changer for the US energy industry, says a recent report by independent investment research provider Morningstar Inc.

    Southcross names Bonn as president and COO

    Mar 3, 2014

    Southcross Energy Partners LP reports that John E. Bonn has joined Southcross’ general partner as president and COO.

     

     

    Warwick Energy names Tompkins as Land VP

    Feb 25, 2014

    Warwick Energy Group, an Oklahoma City, Oklahoma-based oil and gas company, has appointed Jessica Tompkins as vice president of land. 

    WGL invests $410 M in Atlantic Sunrise project

    Feb 21, 2014

    WGL Holdings Inc., through its subsidiary WGL Midstream Inc., is the lead investor in an agreement with three other parties to create a company that will jointly develop and own, together with Transcontinental Gas Pipe Line Co. LLC, the Central Penn Line, a 177-mile pipeline originating in Susquehanna County, Pennsylvania, and extending to Lancaster County, Pennsylvania.

    Rice Energy to acquire Marcellus shale gathering assets for $110M

    Feb 13, 2014

    Rice Energy Inc. has executed a purchase and sale agreement whereby Rice Poseidon Midstream LLC has agreed to acquire gathering assets in eastern Washington and Green counties, Pennsylvania, from M3 Appalachia Gathering LLC for $110 million in cash. 

    Rice Energy closes IPO

    Jan 30, 2014

    Rice Energy Inc. has completed its initial public offering of 50 million shares of its common stock at a price to the public of $21.00 per share, including 6 million shares pursuant to the partial exercise by the underwriters of their option to purchase additional common stock from the selling stockholder named in the registration statement.

    Williams and Williams Partners realign executive responsibilities

    Jan 28, 2014

    Williams and Williams Partners have realigned executive leadership responsibilities to further enhance their operating and commercial capabilities.

    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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