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

More Unconventional News

Corlena Oil II to sell horizontal Texas Panhandle properties

Apr 18, 2014

Corlena Oil Company II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Cleveland, Granite Wash, and Douglas play in Hemphill and Ochiltree counties, Texas.

Athlon Energy prices $650 million of senior notes

Apr 17, 2014

Athlon Energy Inc. has priced $650 million of 6.00% senior unsecured notes by Athlon Holdings LP and its co-issuer and wholly owned subsidiary, Athlon Finance Corp. The company expects to close the sale of the notes on May 1.

Athlon Energy begins public offering

Apr 17, 2014

Athlon Energy Inc. has begun an underwritten public offering of 11 million shares of common stock pursuant to a registration statement on Form S-1 filed previously with the US Securities and Exchange Commission.

Stabilis Energy to purchase Encana’s domestic LNG business

Apr 15, 2014

Stabilis Energy has signed a definitive agreement to purchase substantially all of the US-based assets of Encana Natural Gas Inc., a subsidiary of Encana Corp.

American Energy Partners hires Launer as senior VP

Apr 15, 2014

American Energy Partners LP has hired Curt Launer as its senior vice president of capital formation.

 

Chevron, YPF continue development of Vaca Muerta shale in Argentina

Apr 14, 2014

Chevron Corp. confirms that subsidiaries of the company have signed agreements with the Argentine oil company YPF SA to continue development of shale oil and gas resources from the Vaca Muerta formation located in the Neuquén province in Argentina.

Exterran Partners acquires assets from MidCon Compression

Apr 14, 2014

Exterran Partners LP and Exterran Holdings Inc. report that Exterran Partners has completed its acquisition of compression assets from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp., for approximately $360 million.

Oryx enters Permian with $300M equity commitment

Apr 9, 2014

Oryx Midstream Services LLC has received an equity commitment totaling up to $300 million, and will pursue midstream opportunities in the Permian Basin, focusing initially on the Delaware Basin in Texas and New Mexico.

FTSI offers $500 M of senior secured notes

Apr 8, 2014

FTS International Inc. (FTSI) plans to offer $500 million of senior secured notes due 2022 in a private transaction that is exempt from the registration requirements of the Securities Act of 1933.

JAPEX begins commercial shale oil production in Onnagawa formation

Apr 7, 2014

Japan Petroleum Exploration Co. Ltd. (JAPEX) has been preparing for Japan’s first demonstration experiment of tight formation multistage fracturing at the Onnagawa formation (shale oil formation), which is distributed in the Fukumezawa oil field (one of the Sarukawa oil fields in Oga City, located in Japan’s Akita Prefecture).

Tortoise Capital Advisors offers open-end mutual fund

Apr 7, 2014

Tortoise Capital Advisors has introduced the Tortoise Select Opportunity Fund, an open-end mutual fund that has a dedicated focus on select opportunities across the energy value chain and beyond.

Osage enters into $30 M refinancing facility

Apr 5, 2014

Osage Exploration and Development Inc. reports that the company has entered into a new $30 million draw-down credit facility with Apollo Investment Corp.

Welch appointed EVP, CFO of JP Energy Partners

Apr 3, 2014

JP Energy Partners LP has appointed Patrick Welch as the company’s executive vice president and CFO. Welch has been serving as the interim CFO for the company since November of last year.

Northern Oil and Gas increases borrowing base

Apr 3, 2014

Northern Oil and Gas Inc. reports an increase from $450 million to $500 million to the borrowing base under its revolving credit facility agreement with its bank syndicate. 

Rosetta Resources increases borrowing base to $950 million

Apr 3, 2014

Rosetta Resources Inc. reports the amendment of its senior revolving credit facility to increase its borrowing base. Effective April 2, the company's borrowing base increased from $800 million to $950 million.

Intertek opens Eagle Ford Shale laboratory in Texas

Apr 2, 2014

Intertek, a solutions provider, has opened a new laboratory in Elmendorf, Texas, to address the company's significant market opportunity in the Eagle Ford Shale market and to support the industry’s growing customer base in this region.

Wood Mackenzie: Bakken drilling and completion capex to top $15 B in 2014

Apr 2, 2014

The Bakken and Three Forks plays hold close to $118 billion in remaining value and, unlike other key plays, every single Bakken sub-play generates positive returns, according to Wood Mackenzie's latest key play analysis.

Crude Energy acquires working interest in Permian Basin

Apr 2, 2014

Crude Energy LLC has acquired a 50% working interest in 3,680 acres located in Sterling County, Texas, in the heart of the Permian Basin.

US natural gas output up record amount in March

Apr 1, 2014

Spurred on by the top three highest producing days in US history, domestic natural gas production in the Lower 48 states averaged 66.6 billion cubic feet per day (Bcf/day) in March 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts.

PGNiG and Chevron to explore for Polish shale gas together

Apr 1, 2014

On March 31, Polskie Górnictwo Naftowe i Gazownictwo SA (PGNiG) and Chevron Polska Energy Resources signed a collaboration agreement for shale gas exploration in southeastern Poland.

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