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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

    More Unconventional News

    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." 

    Parsley Energy expands management team

    Aug 3, 2015

    Parsley Energy Inc. has appointed Brad Smith as Parsley’s vice president of corporate strategy and investor relations, effective Aug. 1.

    Shale oil production in Bakken, Eagle Ford grew slightly in June

    Aug 3, 2015

    Oil production from the Bakken and Eagle Ford shale plays increased marginally in June vs. May, according to Bentek Energy, an analytics and forecasting unit of Platts.

    OVS Group appoints Barbarino as CEO

    Jul 31, 2015

    OVS Group has appointed Sebastiano Barbarino as CEO, replacing CEO Jose N. Alvarez, who is a founding member of the company. Alvarez will maintain a full-time role at OVS Group as chief research officer and will continue to serve as chairman of OVS Group’s board. 

    Platte River completes follow-on investment in First River Energy

    Jul 31, 2015

    Platte River Equity has completed its follow-on investment in First River Energy LLC to facilitate the acquisition of Texas Gathering LLC and related assets. The transaction represents the first acquisition by First River since Platte River's initial investment in July 2014.

    Vinson & Elkins adds partner in Energy Transactions practice

    Jul 31, 2015

    Oil and gas transactional lawyer Bryan Loocke has joined Vinson & Elkins as a partner in its Energy Transactions practice, where he will advise both corporate and private equity clients in the energy sector. He is based in the firm's Houston office.

    US oil drillers increase number of rigs despite price collapse

    Jul 27, 2015

    Baker Hughes data shows that US oil producers gained a total of 19 oil rigs in the past week, with Texas alone seeing a net gain of eight rigs – proving that operations are moving forward, despite current oil price challenges.

    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.

    Black Ridge forms equity JV with Merced Capital

    Jul 24, 2015

    Black Ridge Oil & Gas Inc. has signed a definitive agreement with Merced Capital to form an entity that will acquire and develop Williston Basin non-operated assets. 

    Fairway Energy Partners to construct Houston crude oil storage facility

    Jul 23, 2015

    Fairway Energy Partners LLC has closed a private equity offering, the net proceeds of which will be used to fund the construction of the first phase of the Pierce Junction crude oil storage facility.

    UET sells Pawnee Crude Terminal to Arc Logistics Partners

    Jul 23, 2015

    United Energy Trading LLC (UET), together with Hawkeye Midstream LLC, has sold 100% of its subsidiary, UET Midstream LLC (Midstream), to ARC Terminals Holdings LLC, a wholly owned subsidiary of ARC Logistics Partners LP (ARCX), for a total adjusted sales price of $76.6 million consisting of both cash and ARCX common units.

    Five Point commits $75M to EVX Midstream Partners

    Jul 21, 2015

    Five Point Capital Partners LLC has made a $75 equity commitment from Five Point Capital Midstream Fund II LP to the newly formed EVX Midstream Partners.

    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. 

    President and CEO Whitehead to retire from Penn Virginia

    Jul 20, 2015

    H. Baird Whitehead has informed the board of directors of Penn Virginia Corp. of his plan to retire as president and CEO after more than 14 years of service, including four years in his current position.

    BHP Billiton to take $2B charge on Onshore US business

    Jul 16, 2015

    BHP Billiton expects to recognize an impairment charge of approximately US$2 billion post-tax (or approximately US$2.8 billion pre-tax) against the carrying value of its Onshore US assets as an exceptional item in the 2015 financial year results.

    Corlena Oil II to sell Granite Wash properties

    Jul 15, 2015

    Corlena Oil Co. II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Granite Wash play in Roberts County, Texas. The properties are 100% operated and include eight producing wells, two of which are horizontal.

    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.  

    IHS: Oil price decline slows growth of oilfield chemicals market

    Jul 14, 2015

    Driven in large part by the rapid expansion of shale oil and gas drilling and production in North America, the world market for oilfield specialty chemicals at the service company level reached $25 billion in 2014, up from nearly $16 billion in 2010, but oil-price declines have dampened the demand outlook for oilfield chemicals for the 2015 to 2019 period, according to a new global market study from IHS.

    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.

    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