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

Lessons learned from coal

Oct 1, 2012

Since 2009, there has been an all-out regulatory assault on the coal industry by the Obama administration. It behooves the natural gas industry to head off a similar fate.

Norse Energy looks for buyer for Marcellus, Utica prospective acreage

Sep 28, 2012

Norse Energy Corp. has engaged Albrecht & Associates Inc. to represent the company in the sale of Marcellus and Utica prospective acreage in New York.

BENTEK: PA Marcellus natural gas production expected to increase 78% by 2015

Aug 29, 2012

BENTEK's daily natural gas pipeline nomination data reports that since July 1, Marcellus Shale natural gas production in Pennsylvania has reached more than 6.0 Bcf/d, an increase of 15% above levels recently published for the January-June 2012 period by the Pennsylvania Department of Environmental Protection (PA-DEP). 

Drilling through the bureaucracy: disclosing the rules for fracturing

Aug 1, 2012

Mimicking the path of the gold rush that traversed the nation in the 1850s, shale gas exploration and production has surged in the past four years from Pennsylvania to California and from Texas to North Dakota.

Drop in NGL pricing pushes 2Q12 deals further towards midstream sector

Jul 26, 2012

While mergers and acquisitions deal value in the US oil and gas industry over the past two years had primarily been driven by shale transactions in the upstream sector, deals in the second quarter of 2012 evolved toward midstream deals, particularly gathering and processing targets, according to PwC US.

Smart Sand, Canadian Pacific partner to supply frac sand by rail

Jul 18, 2012

Smart Sand and Canadian Pacific Railway Ltd. have partnered to supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions.

Caiman secures $800M in equity commitments for Utica Shale infrastructure

Jul 10, 2012

Caiman Energy II LLC has secured $800 million in equity commitments for the development of midstream infrastructure in Ohio and Pennsylvania’s Utica Shale.

Noble Group invests in Marcellus Shale-focused Inflection Energy

Jun 20, 2012

Marcellus Shale-focused Inflection Energy LLC has received an equity investment led by Noble Group. 

Crestwood Midstream, Crestwood Holdings to acquire Marcellus gathering assets from Antero Resources

Feb 27, 2012

Crestwood Midstream Partners LP, Crestwood Holdings Partners LLC and Antero Resources Appalachian Corp. have executed definitive agreements whereby CMLP and Crestwood Holdings, through a newly formed joint venture, have agreed to acquire certain of Antero’s Marcellus Shale gathering system assets for $375 million.

Range Resources signs second ethane agreement

Jan 26, 2012

A subsidiary of Range Resources Corp. has signed an agreement to ship up to 20,000 barrels of ethane per day on Enterprise Products Partners LP's Appalachia-to-Texas ethane pipeline (ATEX Express).

ION Geophysical completes seismic data acquisition in Marcellus Shale

Dec 21, 2011

ION Geophysical Corp. has acquired 235 square miles of new 3D multi-client seismic data in the Marcellus shale play in central Pennsylvania. 

Endeavour terminates Marcellus acquisition

Dec 14, 2011

Endeavour International Corp. has decided to pass on the acquisition of certain Marcellus Shale assets from SM Energy.

Deadline approaching for SM Energy, Endeavour to close Marcellus deal

Dec 13, 2011

After a year offering up Marcellus Shale assets, SM Energy Co. worked out a deal with a subsidiary of Endeavour International Corp. to sell the assets in McKean and Potter Counties, Pennsylvania for roughly $80 million.

MHR, SGY JV in Marcellus to provide development efficiencies through longer laterals

Dec 12, 2011

Magnum Hunter Resources Corp. has entered a joint venture agreement with Stone Energy Corp. to jointly develop Marcellus shale acreage in Wetzel County, West Virginia.

EXCO sets 2012 budget, reduces Haynesville activity

Nov 18, 2011

Dallas-based EXCO Resources Inc. has estimated its 2012 capital budget around $710 million, including $585 million for development and completion activities.

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