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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

    More Unconventional News

    ArcLight to Construct, Operate crude Oil Systems in Eagle Ford

    Jul 31, 2014

    ArcLight Capital Partners LLC reports that Republic Midstream LLC, a newly formed portfolio company, executed agreements with Penn Virginia Corp. to construct and operate a crude oil gathering system, a central delivery terminal complex, and an intermediate takeaway pipeline to serve Penn Virginia's prolific acreage position in the Eagle Ford shale play. 

    ONEOK to construct NG processing facility in North Dakota

    Jul 30, 2014

    ONEOK Partners LP plans to invest $605 million to $785 million between now and the end of the third quarter 2016 to build a new 200 million-cubic-feet-per-day (MMcf/d) natural gas processing facility – the Demicks Lake plant – and related infrastructure in northeast McKenzie County, North Dakota, which will process natural gas produced from the Bakken shale play in the Williston Basin.

    SM Energy acquires Bakken/Three Forks acreage

    Jul 30, 2014

    SM Energy Co. has entered into an agreement to acquire 61,000 net acres in Divide and Williams counties, North Dakota, directly adjacent to its Gooseneck area for $330 million.

     

    CONSOL prices upsized senior notes offering of $250M

    Jul 30, 2014

    CONSOL Energy Inc. reports the pricing of an additional $250 million of its 5.875% senior notes due 2022 at a price equal to 102.75% of the principal amount of the additional notes.

    Summit develops Bakken pipeline interconnect, storage assets

    Jul 30, 2014

    Summit Midstream Partners LLC (Summit Investments), the privately held company that owns and controls the general partner of Summit Midstream Partners LP (NYSE: SMLP) and also owns a 56.7% limited partner interest in SMLP, has provided a commercial update for its wholly owned operating subsidiaries, Meadowlark Midstream Co. LLC and Epping Transmission Co. LLC. 

    Newfield to sell Granite Wash assets for $588M

    Jul 30, 2014

    Newfield Exploration Co. reports the signing of a $588 million purchase and sale agreement for its Granite Wash assets to Templar Energy LLC (operating through Le Norman Operating LLC).

    PDC to sell interest in PDCM Marcellus JV; increases Utica acreage

    Jul 30, 2014

    PDC Energy Inc. has agreed to sell its 50% interest in PDC Mountaineer LLC, a Marcellus joint venture, to Mountaineer Keystone Energy LLC for $250 million.

    Independence Contract Drilling Launches IPO

    Jul 29, 2014

    Independence Contract Drilling Inc. has launched its initial public offering of 10,000,000 shares of common stock. The shares are expected to trade on the New York Stock Exchange under the ticker symbol "ICD."

    Osage appoints Holcombe to board of directors

    Jul 28, 2014

    Osage Exploration and Development Inc., an independent exploration and production company focused on the Horizontal Mississippian and Woodford plays in Oklahoma, has appointed Gregory Holcombe as a new member of the company’s board of directors, effective Aug. 1. Holcombe will be Osage's first independent director. 

     

    RSP Permian updates on Northern Midland Basin acquisitions

    Jul 28, 2014

    RSP Permian Inc. has entered into definitive agreements in separate transactions with multiple sellers to acquire certain undeveloped acreage and oil and gas producing properties located in Glasscock County, Texas, for an aggregate price of $259 million in cash.

    Geopulse Exploration appoints new management

    Jul 25, 2014

    Geopulse Exploration Inc. reports that, upon the acquisition of Dakota Energy Resources Corp. on December 13, 2013, Craig Osterhoudt was appointed as its president and treasurer, and Mark Childs was appointed as its secretary. Both Osterhoudt and Childs were also appointed as directors, constituting the entire board of directors.

    Parsley Energy appoints Desai to board of directors

    Jul 25, 2014

    Parsley Energy Inc. reports that Dr. Hemang Desai has been appointed to the company’s board of directors, effective July 23, and will serve on the board’s Audit and Compensation committees.

    Broadleaf Capital changes name to EnergyTEK

    Jul 24, 2014

    Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

    Belle Fourche and Bridger Pipeline begin open season

    Jul 23, 2014

    Belle Fourche Pipeline Co. and Bridger Pipeline LLC have begun an open season to obtain volume commitments to support coordinated expansions of their Wyoming common carrier pipeline systems in order to substantially increase their capacity to transport crude petroleum from the Powder River Basin to Guernsey, Wyoming.

    ENXP closes acquisition, convertible notes offering, and senior secured term loan

    Jul 23, 2014

    Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

    ZaZa Energy enters into $7.5M capital markets transaction

    Jul 22, 2014

    ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

    US capital expenditure on refining capacity additions to reach $4B by 2020

    Jul 22, 2014

    The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

    Water management critical in Appalachia

    Jul 18, 2014

    The combining of horizontal drilling and fracture stimulation technology has revolutionized the oil and gas industry.

    Shale advances in several countries

    Jul 18, 2014

    By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

    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