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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 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

    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.

    Exterran introduces enclosed gas production unit to meet demands of Marcellus Shale

    Nov 16, 2011

    Exterran Holdings Inc. has introduced the Enclosed Gas Production Unit, designed to accommodate the high pressure environment and frigid climate of the Marcellus shale.

    BENTEK expects Marcellus Shale takeaway capacity to double in 2 years

    Oct 26, 2011

    BENTEK Energy, a Colorado-based research and consulting firm, issued a report on Oct. 26 saying that Marcellus Shale natural gas pipeline takeaway capacity will more than double in the next two years, jumping to 8.5 bcf/d by 2013.

    First Reserve commits $100M for Marcellus Shale midstream infrastructure

    Oct 11, 2011

    First Reserve Corp. has entered into an agreement to provide an equity commitment of $100 million from its Energy Infrastructure Fund to a joint venture with Energy Corporation of America.

    Minor economic impact expected from planned PA Marcellus development guidelines

    Oct 5, 2011

    On Monday, October 3, Pennsylvania Governor Tom Corbett approved key recommendations made by the Marcellus Shale Advisory Commission, including changes to enhance environmental standards, an impact fee, and a plan to help move Pennsylvania toward energy independence.

    Noble, CONSOL finalize $3.4B Marcellus Shale partnership

    Oct 3, 2011

    Noble Energy has closed the previously announced agreements which create a joint venture partnership with CONSOL for the development of Marcellus Shale properties in southwest Pennsylvania and northwest West Virginia.

    Industry Briefs

    Oct 1, 2011

    PDC Energy makes aggressive Marcellus bid as natural gas prices remain low

    Sep 27, 2011

    At a time of sustained low natural gas prices, PDC Energy has agreement to acquire membership interests of Seneca-Upshur LLC, giving the company access to nearly 90,000 net acres targeting the Marcellus Shale and 10,000 net acres prospective to the Huron Shale.

    Antero Resources increases Marcellus Shale leasehold

    Sep 26, 2011

    Denver, Co.-based Antero Resources has acquired a 7% overriding royalty interest from CONSOL Energy on 115,647 net acres located in nine counties in southwestern Pennsylvania and north central West Virginia for $193 million.

    Gastar wells demonstrate productivity of Marcellus Shale

    Sep 22, 2011

    Gastar Exploration’s first two horizontal Marcellus wells, the Wengerd 1H and 7H, produced at a combined gross initial 30-day rate of 7.1 MMcfd of 1285 btu/Mcf natural gas and 176 bbls of condensate per day

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