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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

    Antero to build advanced wastewater treatment complex

    Aug 20, 2015

    Antero Resources Corp. has signed an agreement with Veolia Water Technologies Inc. and Veolia North America to design and build an advanced wastewater treatment complex in Doddridge County, West Virginia.

    Gulf Coast Western forms new subsidiary

    Aug 18, 2015

    Gulf Coast Western LLC, headquartered in Dallas, Texas, has formed a subsidiary, Gulf Coast Western Energy Services, to provide a full suite of well completion and operational safety services to the oil and gas industry.

    Report: US NG prices likely to remain low as supply growth outpaces demand

    Aug 4, 2015

    Demand for US natural gas continues to grow but Standard & Poor's Ratings Services expects robust supplies to continue to temper natural gas prices. Increased production will likely continue to outpace demand growth, keeping natural gas prices less than $4.00 per MMBtu for the next several years, according to a Standard & Poor's report published Aug. 4 titled "US Natural Gas Prices Will Remain Under Pressure As Supply Growth Continues To Outpace Demand." 

    Chestnut Ridge begins open season for services at Junction NG storage facility

    Aug 3, 2015

    Chestnut Ridge Storage LLC, owned by affiliates of eCORP International LLC and financial partners, is conducting a nonbinding open season for natural gas storage capacity and deliverability to be offered at the Junction Natural Gas Storage Facility, when completed.

    EQT to construct header pipeline for Range Resources

    Jul 24, 2015

    EQT Midstream Partners LP has entered into a definitive agreement with Range Resources – Appalachia LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development.

    Noble closes acquisition of Rosetta Resources

    Jul 21, 2015

    Noble Energy Inc. closed its acquisition of Rosetta Resources Inc. on July 20, after Rosetta stockholders approved the merger. 

    EIA forecasts US shale production to fall 91,000 b/d next month

    Jul 14, 2015

    Next month, shale oil production in the US is forecast to decline 91,000 barrels per day (b/d) to 5.36 million b/d, according to the US Energy Information Administration’s (EIA’s) latest Drilling Productivity Report.  

    Rex Energy appoints new COO

    Jul 13, 2015

    Rex Energy Corp. has appointed Robert W. Ovitz as COO of the company. Ovitz, who most recently served as the senior vice president of operations, assumes the COO role from Patrick M. McKinney, who is leaving the company in August to pursue another opportunity.

    MPLX and MarkWest agree to merge, creating fourth-largest MLP

    Jul 13, 2015

    MPLX LP and MarkWest Energy Partners LP have signed a definitive merger agreement whereby MarkWest would become a wholly owned subsidiary of MPLX. The merger would create the fourth-largest master limited partnership based on a market capitalization of $21 billion.

    Gastar closes sale of non-core Oklahoma assets

    Jul 6, 2015

    Gastar Exploration Inc. has completed the sale of certain non-core assets in Oklahoma to an undisclosed private third party for a total of $46.1 million of net proceeds. 

    Columbia Pipeline Group spins off from NiSource

    Jul 2, 2015

    On July 1, NiSource separated Columbia Pipeline Group into a stand-alone publicly traded company. Each NiSource shareholder at the time of the separation received one share of Columbia Pipeline Group for each share of NiSource.

    Magnum Hunter to sell interest in Eureka Hunter pipeline, pay down debt

    Jun 25, 2015

    Magnum Hunter Resources Corp. intends to monetize 100% of its 45.53% interest in the Eureka Hunter pipeline, according to commentary from Wunderlich Securities Inc.

    CPG to invest $2.7B in Mountaineer and Gulf XPress projects

    Jun 25, 2015

    Columbia Pipeline Group Inc., a subsidiary of NiSource Inc., will invest $2.7 billion in new infrastructure projects to support the continued development of gas supplies in the Marcellus and Utica shale regions. 

    Blue Racer Midstream provides update on operations in Utica, Marcellus

    Jun 24, 2015

    Over the course of the past year, Blue Racer’s processed volumes have more than tripled to their current level of 650 MMcf/d, while total gathered volumes, including lean gas, have more than doubled to over 825 MMcf/d.

    Kinder Morgan begins binding open season for Utica Marcellus Texas Pipeline

    Jun 18, 2015

    Kinder Morgan Inc. has launched a binding open season to solicit commitments for the proposed Utica Marcellus Texas Pipeline, which would transport liquids produced from the Utica and Marcellus producing basins to delivery points along the Texas Gulf Coast, including connectivity to a Kinder Morgan dock.

    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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