• 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

    S&P: CPG's $1B commercial paper program rated 'A-3'

    Oct 5, 2015

    Standard & Poor's Ratings Services today assigned its “A-3” short-term corporate credit rating to Columbia Pipeline Group Inc. and its “A-3” short-term rating to CPG's $1 billion commercial paper program.

    S&P revises its crude oil and natural gas price assumptions

    Sep 24, 2015

    Standard & Poor's Ratings Services has revised its price assumptions for Brent and West Texas Intermediate crude oil as well as for Henry Hub natural gas, according to a report published today on RatingsDirect.

    Antero Midstream to acquire water business from Antero Resources

    Sep 21, 2015

    Antero Resources Corp. has entered into a definitive agreement for Antero Midstream Partners LP to acquire Antero Resources' integrated water business for an aggregate $1.05 billion in a combination of cash, assumed debt, and Antero Midstream common units.

    Kinder Morgan extends UMTP Pipeline binding open season

    Sep 16, 2015

    Kinder Morgan Inc. is extending its current binding open season to Dec. 15. to review shipper comments and interest received to date, as well as to continue to seek commitments for the proposed Utica Marcellus Texas Pipeline (UMTP) project.

    Streamline regulations to save jobs

    Sep 15, 2015

    Declining oil and natural gas prices have placed significant downward pressure on E&P companies and oil service operators since early November 2014.

    Binding open season begins for Mariner East 2 Expansion Project

    Sep 14, 2015

    Sunoco Logistics Partners LP has begun a binding open season for its Mariner East 2 Expansion Project for expanded capacity on the system which will be able to transport additional volumes of petroleum products, including natural gas liquids and condensate from processing facilities built in the Marcellus and Utica shale areas to Sunoco Logistics’ Marcus Hook Industrial Complex on the Delaware River.

    US gas play developments

    Sep 11, 2015

    US gas prices must reflect the cost of production

    Magnum appoints new COO; receives NYSE notification

    Sep 11, 2015

    Magnum Hunter Resources Corp. has appointed Keith Yankowsky as executive vice president and COO. Also, on Aug. 31, the New York Stock Exchange notified Magnum that it is no longer in compliance with the NYSE's continued listing standards for the company's common stock, as the average closing price of the company's common stock has fallen below the NYSE's per share price requirements.

    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.  

    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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