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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

    Tall Oak to expand in STACK play with new gathering and transportation system

    May 29, 2015

    Tall Oak Midstream LLC is constructing a new crude oil gathering, storage, and transportation system designed to serve producers in Oklahoma’s STACK play.

    Synergy Resources appoints Peterson as president

    May 29, 2015

    Lynn Peterson has joined Synergy Resources Corp. as president of the company. 

    AEPB prices $295M of senior secured second lien notes

    May 29, 2015

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP, has priced its offering of $295 million of 8.000% senior secured second lien notes due 2020. The notes will be sold to investors at 100% of their principal amount.  

    AEPB offers $295M of senior secured second lien notes

    May 28, 2015

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP, intends to offer $295 million of senior secured second lien notes due 2020 in an unregistered offering to institutional investors.

    AEW begins senior notes exchange offer

    May 28, 2015

    American Energy – Woodford LLC (AEW), an affiliate of American Energy Partners LP, has begun a private offer to exchange any and all of the outstanding 9.00% senior notes due 2022 held by eligible holders for newly issued 12.00% second lien notes due 2020.

    WPX Energy completes $200 million asset sale

    May 28, 2015

    WPX Energy has completed its third divestiture of the year, closing the sale of a package of Marcellus shale marketing contracts and the release of certain related firm transportation capacity to an undisclosed buyer.

    Cenovus confirms executive retirements and promotions

    May 27, 2015

    Cenovus Energy Inc. confirms that four Cenovus executives have made the decision to retire. The company has also announced three promotions.

    Riley acquires interests in CRI and Permian acreage

    May 27, 2015

    Riley Exploration Group LLC has acquired a 90% equity interest in Cinco Resources Inc. (CRI), effective May 19, through a share exchange with private equity funds managed by Yorktown Energy Partners. Riley also received an investment from funds managed by Yorktown to acquire a working interest in a new 25,000-acre horizontal oil play in the Permian Basin.

    Ring signs PSA on Delaware Basin acreage

    May 26, 2015

    Ring Energy Inc. has signed a purchase and sale agreement to acquire producing wells and leaseholds located in Culberson and Reeves counties, Texas. The acreage is located in the Delaware Basin.

    Seventy Seven Energy sells Hodges Trucking

    May 26, 2015

    Seventy Seven Energy Inc. has executed a definitive agreement to sell Hodges Trucking Co. LLC to a wholly owned subsidiary of Aveda Transportation and Energy Services Inc.  

    American Midstream launches open season for Bakken gathering system

    May 26, 2015

    American Midstream Partners LP confirms that American Midstream Bakken LLC, a wholly owned subsidiary of the Partnership, is conducting a binding open season for a proposed 50-mile Bakken crude oil gathering and transportation system in the core of McKenzie County, North Dakota (the Bakken System), to transport up to 40,000 barrels per day (Bbl/d) of crude oil for delivery to major intrastate and interstate pipeline systems beginning in June.

    Enable Midstream completes initial phase of gathering system in Bakken

    May 22, 2015

    Enable Midstream Partners LP says that the first phase of its Nesson Crude & Produced Water Gathering System is operational. The pipeline serves wells located in Williams and Mountrail counties of North Dakota, in the Bakken shale play.

    Sabine enters into forbearance agreement to second lien term loan facility

    May 22, 2015

    Sabine Oil & Gas Corp. has entered into a forbearance agreement with the lenders under its second lien term loan facility. The forbearance agreement will provide the company with additional flexibility as it continues discussions with its creditors and their respective professionals regarding the company's debt and capital structure. 

    Vanguard to acquire Eagle Rock Energy Partners for $614 million

    May 22, 2015

    Vanguard Natural Resources LLC and Eagle Rock Energy Partners LP have entered into an agreement and plan of merger pursuant to which a subsidiary of Vanguard will merge into Eagle Rock for total consideration of $474 million in Vanguard common units and the assumption of Eagle Rock's net debt of $140 million as of March 31.

    Caiman Energy and Blue Racer Midstream appoint new CEO and CFO

    May 21, 2015

    Stephen Arata has been named CEO of both Caiman Energy II LLC and Blue Racer Midstream LLC, following Jack Lafield’s resignation as CEO of both companies. Lafield will continue to serve as chairman of Caiman Energy II and remains a member of Blue Racer’s board of directors.

    GlobalData: Core Bakken assets remain economical despite low oil prices

    May 21, 2015

    While the 12 counties with Bakken production between North Dakota and Montana have lost the majority of their horizontal rigs over the last eight months, core areas of the shale play remain attractive, especially as oil prices creep toward $70 per barrel, says an analyst with research and consulting firm GlobalData.

    Summit Midstream Partners closes acquisitions in Williston Basin

    May 19, 2015

    Summit Midstream Partners LP’s wholly owned subsidiary, Bison Midstream LLC, has closed its acquisition of 100% of the equity interests of certain subsidiaries of Summit Midstream Partners LLC for total cash consideration of $255 million.

    DW comments on US oilfield services rebalancing act

    May 18, 2015

    In Douglas-Westwood’s May 18 DW Monday, the company discusses its expectations for the oilfield services market.

    Tokyo Gas aims for more investments in US shale gas

    May 18, 2015

    Tokyo Gas Co. Ltd. plans to expand its investment in US shale gas production, according to Reuters. As Japan's biggest gas utility, the company is interested in investing in US shale as a hedge to its liquefied natural gas (LNG) imports from the US, which are contracted to start in 2016.

    Lucas terminates agreements with Victory Energy

    May 18, 2015

    Lucas Energy Inc. confirms that, on May 11, the nonbinding letter of intent previously entered into between Victory Energy Corp. and Lucas was terminated. 

    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