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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

    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.

    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).

    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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