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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

    Oxy to build new Permian Basin office complex

    Aug 28, 2014

    Occidental Petroleum Corp. (NYSE: OXY) has begun construction on a new office complex in Midland, Texas, that will serve as the center of the company’s oil and gas operations in the Permian Basin.

    Fairmount Santrol proves long-term value of curable resin-coated proppant

    Aug 28, 2014

    Fairmount Santrol, formerly Fairmount Minerals, presented a technical paper on Aug. 27 proving that proppant flowback prevention technology increased the value of 23 wells by $115,000 per stage or $2.6 million.

    Wood Mackenzie: Marcellus shale holds over $90B in remaining value

    Aug 28, 2014

    The Marcellus shale play, the largest shale gas play in the world based on current production, is projected to hold over $90 billion in remaining value according to Wood Mackenzie’s latest key play analysis and output from its new North America well analysis tool. 

    WPX forms JV with TRDC to develop Trail Ridge properties

    Aug 27, 2014

    WPX Energy has closed an agreement to jointly develop its Trail Ridge properties with TRDC LLC, a subsidiary of Houston-based G2X Energy. The Trail Ridge development is part of WPX’s position in western Colorado’s Piceance Basin Highlands. 

    Quantum and Tug Hill form partnership

    Aug 26, 2014

    Quantum Energy Partners and Tug Hill Inc. have formed a partnership to engage in the acquisition, development, and exploitation of conventional and unconventional oil and gas assets in certain North American basins.

    MarkWest to expand Marcellus processing and fractionation infrastructure

    Aug 26, 2014

    MarkWest Energy Partners LP plans a major expansion of midstream infrastructure at its Keystone complex in Butler County, Pennsylvania, to support growing rich-gas production from the Marcellus shale play and Upper Devonian formations.

    Dakota Gold to develop Bakken crude oil terminal

    Aug 26, 2014

    Dakota Gold Transfer–Plaza LLC plans to develop a crude oil transload facility in Mountrail County, North Dakota. Strategically located on a 350-acre site in the eastern section of the prolific Bakken and Three Forks shale oil producing areas, the Plaza Terminal will provide refiners, marketers and producers with new options for reaching multiple markets across the US and Canada via rail and pipeline.

    Lucas Energy and OVR form Eagle Ford joint venture

    Aug 26, 2014

    Lucas Energy Inc. has signed a binding participation agreement with Oak Valley Resources LLC (OVR) to jointly develop Lucas Energy’s Karnes County, Texas, acreage in the Eagle Ford shale formation. 

    CONSOL, Noble file for a midstream MLP

    Aug 26, 2014

    CONSOL Energy Inc. reports that CONSOL Energy and its Marcellus shale play joint venture partner, Noble Energy Inc., caused a Registration Statement on Form S-1 to be filed Aug. 25 with the US Securities and Exchange Commission for the initial public offering of common units of a master limited partnership to be known as CONE Midstream Partners LP. 

    Wood Mackenzie provides ‘Unconventional 3.0: A new energy outlook’

    Aug 25, 2014

    Wood Mackenzie has identified the three distinct phases of the unconventional onshore revolution and has explored the future of the sector in North America and internationally.

    Production from Bakken, Eagle Ford rose 3.4% in July

    Aug 25, 2014

    Oil production from shale formations in North Dakota and Texas increased by more than 86,000 barrels per day (b/d) or 3.4% in July, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Vaquero gets equity commitment from Yorktown

    Aug 22, 2014

    Vaquero Midstream LLC has received a substantial equity commitment from Yorktown Energy Partners LLC. Vaquero offers customers a full suite of integrated crude oil and natural gas midstream services, including gathering, treating, processing, compression, liquids handling, and transmission.

    Amelia Resources sells Tuscaloosa Marine Shale acreage

    Aug 20, 2014

    Amelia Resources LLC has sold 50,000 net acres in the Tuscaloosa Marine Shale (TMS) play. The company has been retained as a technical consultant to market 50,000 net acres of newly acquired leases in the TMS play.

    Intervale Capital acquires Recapture Solutions

    Aug 19, 2014

    Intervale Capital has acquired Recapture Solutions LLC from Triten Corp. 

    EnLink to build new Utica pipeline and related facilities

    Aug 19, 2014

    The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica shale play, including Eclipse Resources.

    Dakota Plains, Hiland to link Bakken gathering pipeline to terminal

    Aug 19, 2014

    Dakota Plains Holdings Inc. and Hiland Crude LLC, a wholly owned subsidiary of Hiland Partners LP, jointly report the execution of an interconnection agreement that links Dakota Plains’ Pioneer Rail Terminal in New Town, North Dakota, with Hiland’s Market Center Gathering System crude oil pipeline network.

    PennTex to build gathering, processing platforms in Permian and Lousiana

    Aug 18, 2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    LINN Energy to sell assets in Texas Panhandle and western Oklahoma

    Aug 18, 2014

    LINN Energy LLC has hired banks to sell its oil production assets in the Texas Panhandle and western Oklahoma in an auction that could raise as much as $2 billion, according to a Reuters report.

    Vine and Blackstone to acquire Shell’s Haynesville assets

    Aug 18, 2014

    Vine Oil & Gas LP, a recently formed exploration and production company, and Blackstone Energy Partners, an affiliate of Blackstone, have a definitive agreement to acquire the Haynesville assets of SWEPI LP and Shell Gulf of Mexico Inc., affiliates of Royal Dutch Shell plc, for $1.2 billion.

    Dejour closes $1.5 million equity offering

    Aug 18, 2014

    Dejour Energy Inc. has closed the equity financing offering previously announced on Aug. 11, receiving net proceeds of $1.5 million from three institutional investors to support the company’s 2014 Woodrush development plan.

    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