• 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.


    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine


    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 Shale News

    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.

    Rice Energy prices upsized IPO

    Jan 24, 2014

    Rice Energy Inc. has priced its initial public offering of 44 million shares of its common stock at $21.00 per share.

    CONSOL Energy appoints new E&P COO

    Jan 23, 2014

    CONSOL Energy Inc. has selected Timothy C. Dugan as the new COO for its Exploration and Production division.

    CGG completes three-year Marcellus shale program

    Jan 23, 2014

    CGG has extended its data library of shale acreage in the US by completing a vast three-year multi-client 3D land seismic program targeting the Marcellus shale fairway.

    Miami 2017 - Marcellus gas heading to Florida

    Jan 17, 2014

    Spectra Energy and NextEra Energy’s planned Sabal Trail natural gas pipeline from near Transco Station 85 in southwestern Alabama to near Orlando in central Florida will do more than provide additional gas-delivery capacity to Florida and the welcomed redundancy of a third pipeline to the Sunshine State. The big news is that Williams’ Atlantic Sunrise project by July 2017 will enable large volumes of Marcellus-sourced gas to be shipped south (backwards!) along the Transco pipeline all the way to Station 85. That (and Sabal Trail) will give Marcellus producers something unthinkable until now: access to major gas users as far south as Miami.

    Kurz joins WPX Energy board of directors

    Jan 9, 2014

    WPX Energy reports that Karl F. Kurz has been elected to the company’s board of directors.

    Fitch removes Regency from Negative Watch; affirms ratings

    Jan 8, 2014

    Fitch Ratings has removed the ratings for Regency Energy Partners LP from Negative Watch. In addition, Fitch has affirmed Regency's ratings with a Stable Outlook.

    Shenhua, ECA form Marcellus-focused joint venture

    Jan 6, 2014

    Energy Corporation of America (ECA) and China Shenhua Energy Co. subsidiary Shenhua America Holdings Corp. (Shenhua) report that the two companies have entered into a 50/50 joint venture to develop 25 natural gas wells in Greene County, Pennsylvania.

    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.

    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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