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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

    Navitas updates on Eagle Ford agreement

    Nov 21, 2014

    Navitas Midstream Partners LLC has executed a long-term, fee-based agreement with an investment-grade independent producer to provide gathering and processing services in the northern Eagle Ford shale play in Brazos and Grimes counties, Texas.

    Apache sells certain non-core assets

    Nov 21, 2014

    Apache Corp. has agreed to sell non-core southern Louisiana and certain Anadarko Basin oil and gas assets for $1.4 billion in two separate transactions.

    J-W Operating Co. acquires oil and gas properties from BHP Billiton

    Nov 21, 2014

    J-W Operating Co. has acquired oil and gas properties in Northern Louisiana from BHP Billiton. The properties are located in the Elm Grove and Caspiana fields and include interests in 1,200 wellbores and associated gathering lines and compressor facilities.

    Lone Star JV to construct NGL pipeline from Permian Basin to Mont Belvieu

    Nov 18, 2014

    Energy Transfer Partners LP and Regency Energy Partners LP report that their joint venture, Lone Star NGL LLC, will construct a 533-mile, 24-inch and 30-inch natural gas liquids (NGL) pipeline from the Permian Basin to Mont Belvieu, Texas, and convert Lone Star’s existing West Texas 12-inch NGL pipeline into crude oil/condensate service.

    Magnum Oil Tools develops dissolvable frac plug

    Nov 18, 2014

    Magnum Oil Tools International has released the industry’s first dissolvable frac plug, the Magnum Vanishing Plug (MVP). The MVP dissolves with the presence of temperature at a predictable rate, allowing the opportunity to substantially reduce the risk and costs associated with well intervention.

    NCS Energy Services changes name to NCS Multistage

    Nov 18, 2014

    NCS Energy Services has changed its name to NCS Multistage. Robert Nipper, NCS Multistage CEO, said the new name reflects the company's focus.

    New Gulf Resources adds to management team

    Nov 18, 2014

    New Gulf Resources LLC has hired Craig Young as its vice president of drilling and completions. 

    Mid-Con Energy closes Eastern Shelf acquisition, increases borrowing base

    Nov 18, 2014

    Mid-Con Energy Partners LP has closed its acquisition in the Eastern Shelf of the Permian Basin for $120 million. The company has also  increased its borrowing base to $240 million, up 26% from the $190 million in previously established commitments.

    NET Midstream constructs NET Mexico Pipeline ahead of schedule

    Nov 17, 2014

    NET Midstream reports that its affiliate, NET Mexico Pipeline Partners LLC, has completed construction of its 120-mile, 42-inch and 48-inch Texas intrastate pipeline ahead of its scheduled in-service date of Dec. 1.

    Leidos wins EPC contract with Magellan Midstream Partners

    Nov 17, 2014

    Leidos has won a contract from Magellan Midstream Partners LP to provide engineering, procurement, and construction services for a condensate splitter at Magellan’s Corpus Christi, Texas, processing and storage terminal.



    Oil price war a game of chicken

    Nov 17, 2014

    Ever the pessimists, our friends at Standard & Poor's have updated their price assumptions for West Texas Intermediate, crude oil, Brent crude oil, and Henry Hub natural gas. The revised prices are down for the rest of 2014 and through 2015.

    IEA predicts further downward pressure on oil prices

    Nov 14, 2014

    The International Energy Agency expects that, due to the oil market entering a new era with lower Chinese economic growth and also to booming US shale output, a return to high oil prices is increasingly unlikely, according to a Reuters report.

    NRP acquires additional Williston Basin interests

    Nov 14, 2014

    Natural Resource Partners LP has completed the acquisition of non-operated working interests in oil and gas properties in the Bakken/Three Forks play of the Williston Basin from an affiliate of Kaiser-Francis Oil Co. for $339 million. 

    AENO updates on Oklahoma acquisitions worth $251 million

    Nov 13, 2014

    American Energy – NonOp LLC, an affiliate of American Energy Partners LP, has closed a series of transactions with Double Eagle Energy Holdings LLC and several additional parties to acquire non-operated working interests with 1,800 barrels of net oil equivalent of daily production in the SCOOP and STACK resource plays in southern and central Oklahoma.  

    Velocity Midstream Partners to construct SCOOP facilities

    Nov 13, 2014

    Velocity Midstream Partners LLC reports that Velocity Central Oklahoma Pipeline LLC, a wholly owned subsidiary of Velocity, will construct a crude oil gathering and transportation system in the fairway of the prolific SCOOP play in central Oklahoma.

    Intervale invests in American Disposal Services

    Nov 13, 2014

    Intervale Capital has acquired a majority stake in American Disposal Services, which provides disposal of injectable drilling and production waste in the Eagle Ford and Haynesville shale plays, with operating facilities in Frio, Atascosa, Fayette, and Newton counties in Texas.

    NCS Energy Services sets completion records in Bakken/Three Forks areas

    Nov 11, 2014

    NCS Energy Services has set two new completion records for its proprietary multistage unlimited coiled-tubing completion technology. The wells were completed for an independent operator in McKenzie County, North Dakota.

    GCA: Falling oil price to have uneven effect on US unconventional plays

    Nov 11, 2014

    Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

    Halcón cutting number of drilling rigs due to slide in oil prices

    Nov 11, 2014

    Halcón Resources Corp. is cutting nearly half the rigs it originally planned to operate next year due to the more than 25% slide in crude oil prices.

    US ethane exports ‘imminent’ amid flood of supply from shale plays

    Nov 11, 2014

    US ethane production, forecast to reach 2.5 million barrels per day (b/d) by 2024, will cause supply to exceed domestic demand, making exports “imminent,” according to a report from Bentek Energy, an analytics and forecasting unit of Platts.

     

    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