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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

    Porter Hedges opens offices in Oklahoma City

    Oct 23, 2014

    Porter Hedges LLP has expanded its energy practice with the opening of a new office in Oklahoma City, Oklahoma, led by partner C. Ray Lees.

    Aqua Terra expands into Permian Basin

    Oct 23, 2014

    Aqua Terra Water Management LP has acquired two saltwater disposal facilities operated by Texas SWD Co Inc. and a permit for a saltwater disposal facility from Coronado Minerals LLC. Terms of the acquisitions were not disclosed.

    Juneau Energy acquires acreage in Houston and Leon counties, Texas

    Oct 23, 2014

    Juneau Energy LLC, a subsidiary of Leucadia National Corp., has completed the acquisition of oil and gas properties in East Texas, consisting of approximately 20,800 net acres primarily in Houston and Leon counties.

    Magellan extends open season for proposed Saddlehorn pipeline

    Oct 22, 2014

    Magellan Midstream Partners LP has extended the open season for commitments on the proposed Saddlehorn pipeline to transport various grades of crude oil from the Niobrara shale to the partnership's storage facilities in Cushing, Oklahoma.

    Crestwood concludes non-binding open season for MARC II pipeline

    Oct 21, 2014

    Crestwood Midstream Partners LP reports that its subsidiary, Central New York Oil & Gas Co. LLC (CNYOG), which owns the North-South and MARC I pipelines and the Stagecoach storage facility, has concluded a non-binding open season to solicit interest for firm transportation of natural gas on a proposed new 30-mile pipeline extending CNYOG’s system to the proposed PennEast pipeline, a new interconnect on Transco’s Leidy Line, and Transco’s proposed Atlantic Sunrise expansion project in Luzerne County, Pennsylvania.

    Eagle Materials to acquire CRS Proppants

    Oct 20, 2014

    Eagle Materials Inc. has entered into a definitive agreement to acquire CRS Proppants LLC and its subsidiaries, including Great Northern Sand LLC (CRS Proppants), a supplier of northern-white frac sand to the energy industry, for $225 million.

    Enterprise extends open season for proposed Bakken-to-Cushing pipeline

    Oct 20, 2014

    Enterprise Products Partners LP reports that the binding open commitment period to determine shipper demand for capacity on a proposed new crude oil pipeline from the Williston Basin of North Dakota to the Cushing hub in Oklahoma has been extended until 5 p.m. CST, Nov. 14.

     

    Shale oil production from Bakken, Eagle Ford up 2.1% in September

    Oct 20, 2014

    Oil production from shale formations in North Dakota and Texas increased by 55,000 barrels per day (b/d) or 2.1% in September, according to Bentek Energy, an analytics and forecasting unit of Platts.  

    Tesoro Logistics acquires QEP Field Services

    Oct 20, 2014

    Tesoro Logistics LP has executed a definitive agreement to acquire QEP Resources Inc.'s wholly owned natural gas gathering and processing business, QEP Field Services LLC, including its 58% partnership interest in QEP Midstream Partners LP.

    TDW uses isolation technology to facilitate GOM pipeline flow reversal

    Oct 20, 2014

    T. D. Williamson (TDW), a global pipeline service provider, recently performed a complex pipeline intervention to facilitate reversal of flow of a 300-mile pipeline along the US Gulf Coast for a major operator.

    Tall Oak subsidiary secures $100 million credit facility

    Oct 17, 2014

    Tall Oak Midstream LLC reports that its subsidiary, TOMPC LLC, has secured a $100 million senior credit facility that can be expanded to $150 million.

    Southwestern Energy acquires Marcellus and Utica assets

    Oct 17, 2014

    Southwestern Energy Co. has signed a purchase and sale agreement with Chesapeake Energy Corp. to acquire certain oil and gas assets covering  413,000 net acres in West Virginia and southwest Pennsylvania targeting natural gas, natural gas liquids, and crude oil contained in the Upper Devonian, Marcellus, and Utica shale plays for $5.375 billion. The transaction is expected to close by year’s end.

    EV Energy Partners closes Eagle Ford formation rights divestiture

    Oct 16, 2014

    EV Energy Partners LP reports that the company, along with certain institutional partnerships managed by EnerVest Ltd., has closed the sale of certain deep rights in the Eagle Ford formation in Burleson, Brazos, and Grimes counties, Texas, to an undisclosed buyer. Net proceeds to EVEP are $30.6 million.

    Chesapeake to sell Marcellus and Utica shale assets for $5.375B

    Oct 16, 2014

    Chesapeake Energy Corp. has executed a purchase and sale agreement to sell assets in the Southern Marcellus shale play and a portion of the Eastern Utica shale play in West Virginia to Southwestern Energy Co. for aggregate proceeds of $5.375 billion.

    Mountaineer Keystone acquires PDC Mountaineer

    Oct 16, 2014

    Mountaineer Keystone Energy LLC, a portfolio company of First Reserve, a private equity firm exclusively focused on energy, has completed the acquisition of the equity interests in PDC Mountaineer LLC, a Marcellus joint venture between PDC Energy Inc. and Lime Rock Partners LLC, with an effective date of Jan. 1, for an aggregate purchase price of $500 million.

    Independence Contract Drilling names HR exec

    Oct 16, 2014

    Independence Contract Drilling Inc. has appointed J. Scott Thompson as senior vice president of human resources and administration. 

    American Midstream acquires Costar Midstream

    Oct 15, 2014

    American Midstream Partners LP has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 million.

    Increased OPEC production contributing to oil price slide

    Oct 15, 2014

    Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.6 million barrels per day (b/d) in September, up 400,000 b/d from August and the highest level since December 2013 when the oil producer group pumped an average 30.65 million b/d, according to the latest Platts survey of OPEC and oil industry officials and analysts.

    Lucas Energy completes sale of Madison County property

    Oct 15, 2014

    Lucas Energy Inc. has completed the sale of its 100% working interest in oil and gas leases and wells/wellbores in Madison County, Texas, for $700,000. 

    Mid-Con Energy to acquire Eastern Shelf properties in Permian Basin

    Oct 13, 2014

    Mid-Con Energy Partners LP, through its wholly owned subsidiary Mid-Con Energy Properties LLC, has entered into a definitive agreement to acquire net proved oil reserves in the Eastern Shelf of the Permian Basin, which are estimated at 6.1 million barrels of oil equivalent, for an aggregate purchase price of $120 million.

    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