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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

    BlackRock, First Reserve to acquire equity stakes in Pemex pipeline projects

    Mar 27, 2015

    BlackRock and First Reserve have entered into a definitive agreement with PMI, a wholly owned subsidiary of Petróleos Mexicanos (Pemex), to acquire approximately 45% equity interest in two natural gas pipelines, Los Ramones Phase II North and Los Ramones Phase II South.

    EnLink Midstream names Deck as SVP, Permian Basin

    Mar 27, 2015

    Andrew A. Deck has been named senior vice president of the Permian Basin for EnLink Midstream LLC and EnLink Midstream Partners LP.

    Wood Mackenzie discusses impact of changing US crude export policy

    Mar 25, 2015

    As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ultimately, while eliminating the US export ban would narrow the Brent – West Texas Intermediate differential and raise the wellhead price for US crudes, it would unlikely transform the supply outlook.

    Wood Mackenzie: US Lower 48 oil economics still robust

    Mar 24, 2015

    Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of production is not at risk in the long term, cash flow and funding limitations could impact activity.

     

    HEP expands into Marcellus with pipeline acquisition

    Mar 20, 2015

    Howard Midstream Energy Partners LLC, dba Howard Energy Partners (HEP), has executed a definitive purchase and sale agreement with Southwestern Energy Co. to purchase the company’s northeast Pennsylvania natural gas gathering assets in Bradford and Lycoming counties in Pennsylvania for $500 million. The gathering systems serve the Marcellus shale region.

     

     

    Williams seeks FERC approval for pipeline expansion

    Mar 20, 2015

    Williams said March 19 that Transco has filed an application with the US Federal Energy Regulatory Commission for its Dalton Expansion Project, which would support providing Marcellus shale gas to the Southeast for electricity generation and local natural gas distribution.

    Bakken and Eagle Ford shale oil production flat in February

    Mar 19, 2015

    In February, shale oil production in the Bakken and Eagle Ford shale plays increased by 19,000 barrels per day, or 1%, according to Bentek Energy, an analytics and forecasting unit of Platts.

    Roth and Ghauri join Jones Walker’s Houston office

    Mar 16, 2015

    David R. Roth and Shahid A. Ghauri have Jones Walker LLP’s Houston office. Roth is a partner in the Real Estate Practice Group and Ghauri is a partner in the Business and Commercial Transactions Practice Group. 

     

    Sanchez engages advisor for possible sale of Mid-Continent assets

    Mar 16, 2015

    Sanchez Production Partners LP has engaged Lantana Energy Advisors to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas.

    WGL Midstream acquires interest in Mountain Valley Pipeline JV

    Mar 12, 2015

    Mountain Valley Pipeline LLC, a joint venture between affiliates of EQT Corp. and NextEra Energy Inc., says that a subsidiary of WGL Holdings Inc., WGL Midstream, has acquired a 7% ownership interest in the joint venture, and that a subsidiary of Vega Energy Partners Ltd., Vega Midstream MVP LLC, has acquired a 3% interest.

    US Shale Solutions appoints Stophlet to lead operations

    Mar 11, 2015

    US Shale Solutions Inc. has added Mike Stophlet to its senior leadership team. An energy industry veteran with nearly 30 years of experience, Stophlet joins the company as executive vice president of operations.

    Multiple stacked plays in Anadarko Basin

    Mar 11, 2015

    Ingenuity helping Oklahoma shift from pure natural gas plays towards liquids

    Will the Bakken boom go bust?

    Mar 11, 2015

    North Dakota shale players feeling the squeeze from weak oil prices and safety regulations

    Armada Oil extends credit facility

    Mar 9, 2015

    Armada Oil Inc. has renegotiated its existing credit facility with Prosperity Bank into a term loan with a maturity date of March 5, 2016.

    Lucas and Victory enter into collaboration and funding agreements

    Mar 4, 2015

    Lucas Energy Inc. has entered into a collaboration agreement and a separate funding agreement with Victory Energy Corp. These agreements represent a milestone toward completing the planned business combination with Victory. 

    Ikon Science partners with CHORUS for unconventional research

    Mar 4, 2015

    Ikon Science has formed a new partnership with CHORUS, a University of Calgary research consortium that investigates reservoir characterization for enhanced heavy oil recovery, to work on an initiative to bring applied science to the industry for the production of tight sands and unconventional plays.

    PAA acquires Williston Basin crude oil terminal under construction

    Mar 2, 2015

    Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

    Matador closes Delaware Basin combination

    Mar 2, 2015

    Matador Resources Co. has completed the combination of its Delaware Basin assets with Harvey E. Yates Co. (HEYCO), a subsidiary of HEYCO Energy Group Inc. As a result of the transaction, Matador will assume operatorship of all of HEYCO’s operated properties in the Northern Delaware Basin.

    Enable Midstream holds open season for Oklahoma expansion capacity

    Mar 2, 2015

    Enable Midstream Partners LP’s wholly owned subsidiary Enable Gas Transmission LLC (EGT) is holding a non-binding open season to allow interested parties an opportunity to obtain new firm interstate natural gas transportation capacity resulting from an expansion of EGT’s Line AD in Oklahoma.

    Goodrich updates on financing, amendment to credit facility

    Mar 2, 2015

    Goodrich Petroleum Corp. has provided an update on financing and an amendment to its credit facility. 

    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