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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

    Marcellus and Utica get new NGL hub

    Mar 1, 2013

    Members of the oil and gas community generally recognize the Marcellus shale as the largest and most economic natural gas shale play in the continental United States.

    UGI and Tenaska Resources to jointly develop Marcellus shale resources

    Jan 14, 2013

    UGI Corporation [NYSE: UGI] announced Jan. 14 that it has entered into agreements with Tenaska Resources LLC, a natural gas exploration and production affiliate of independent energy company Tenaska, to jointly develop gas resources in the Marcellus Shale region in north-central Pennsylvania.

    John M. Selser is new chairman of Gastar Exploration

    Jan 4, 2013

    Gastar Exploration Ltd. [NYSE MKT: GST] has named John M. Selser as chairman of its board of directors. He replaces Floyd Price who has resigned from Gastar’s board.

    Crestwood Marcellus Midstream completes acquisition of natural gas compression, dehydration assets

    Jan 2, 2013

    Crestwood Marcellus Midstream LLC has completed the acquisition of natural gas compression and dehydration assets from Enerven Compression LLC (Enerven) for $95 million.

    West Virginia's Trans Energy now on Marcellus radar screen

    Jan 1, 2013

    JV with Republic Energy of Dallas has helped Trans Energy create a large footprint in northwestern West Virginia.

    Whoville, the big new NGL hub in Marcellus, Utica? (aka, Houville)

    Dec 14, 2012

    Houville is the center of an emerging Marcellus/Utica based NGL hub soon to take its place among the largest in North America.  

    Antero to sell Piceance Basin assets to redeploy capital to Marcellus, Utica projects

    Nov 5, 2012

    Denver, CO-based Antero Resources has entered into an agreement to sell all of its natural gas and pipeline assets in the Piceance Basin to a private company for $325 million in cash plus the assumption of all of Antero’s Rocky Mountain firm transportation obligations.

    Resource-rich Magnum Hunter is drilling, building asset base

    Nov 1, 2012

    Gary Evans has been racking up the frequent-flier miles as he travels from one roadshow presentation to another telling investors and analysts about his company's successes and plans for the future.

    Marathon, Harvest Pipeline to jointly develop truck-to-barge project for Utica, Marcellus production

    Oct 11, 2012

    Marathon Petroleum Corp. and Harvest Pipeline Company signed a letter of intent on Sept. 27, agreeing to jointly develop infrastructure that will facilitate transportation of hydrocarbon liquids production from the Utica Shale in eastern Ohio and western Pennsylvania.

    USGS says Utica Shale development could require 127,500 wells

    Oct 10, 2012

    The drilling and oilfield services industry should be pleased with the first assessment of oil and gas reserves in the Utica Shale play by the US Geological Survey, which indicates that extraction of the reserves would take approximately 110,000 wells in the gas window and another 17,500 wells in the oil window.

    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.

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