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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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

Broadleaf Capital changes name to EnergyTEK

Jul 24, 2014

Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

Belle Fourche and Bridger Pipeline begin open season

Jul 23, 2014

Belle Fourche Pipeline Co. and Bridger Pipeline LLC have begun an open season to obtain volume commitments to support coordinated expansions of their Wyoming common carrier pipeline systems in order to substantially increase their capacity to transport crude petroleum from the Powder River Basin to Guernsey, Wyoming.

ENXP closes acquisition, convertible notes offering, and senior secured term loan

Jul 23, 2014

Energy & Exploration Partners Inc. (ENXP) has closed its acquisition of 18,300 net acres in Houston and Madison counties, Texas, from TreadStone Energy Partners LLC, and the concurrent closings of its offering of $375 million in aggregate principal amount of convertible subordinated notes due 2019 in a private placement transaction, and a new $775 million senior secured term loan.

ZaZa Energy enters into $7.5M capital markets transaction

Jul 22, 2014

ZaZa Energy Corp. has entered into a $7.5 million capital markets transaction with Crede Capital Group LLC, a Los Angeles-based family office. The company plans to use the proceeds to fund additional East Texas development and lease acquisitions.

US capital expenditure on refining capacity additions to reach $4B by 2020

Jul 22, 2014

The US is forecast to spend approximately $4 billion on refining capacity expansion projects between 2014 and 2020, enabling the country to process its increasing volumes of unconventional resource production, says research and consulting firm GlobalData.

Water management critical in Appalachia

Jul 18, 2014

The combining of horizontal drilling and fracture stimulation technology has revolutionized the oil and gas industry.

Shale advances in several countries

Jul 18, 2014

By 2019, tight oil supply outside the United States could reach 650,000 barrels per day, including 390,000 b/d from Canada, 100,000 b/d from Russia, and 90,000 b/d from Argentina, according to a new report from the International Energy Agency dated June 17.

Precision Drilling enters into alliance with Schlumberger

Jul 17, 2014

Precision Drilling Corp. has entered into a strategic technology and service agreement and marketing alliance with Schlumberger in order to increase the industrialization of unconventional drilling in North America through an engineered approach that utilizes Precision’s Tier 1 drilling rigs and allows Precision access to Schlumberger’s bottomhole assembly and services.

 

Denton city council rejects partial ban on hydraulic fracturing

Jul 17, 2014

Denton, Texas, city council members have rejected a bid that would have made it the first city in the state to ban further permitting of hydraulic fracturing in the community, according to a report from the Associated Press.

Swift Energy closes Eagle Ford joint venture

Jul 16, 2014

Swift Energy Co. has closed its agreement with PT Saka Energi Indonesia to fully develop 8,300 acres of Fasken-area Eagle Ford shale properties owned by Swift Energy in Webb County, Texas.

OWL increases Permian portfolio through acquisition

Jul 15, 2014

Oilfield Water Logistics, a Natural Gas Partners portfolio company providing fluid management services to the energy industry, has acquired the saltwater disposal (SWD) well and pipeline infrastructure of Midland, Texas-based AggieTech Operating LLC. 

Exterran Partners to acquire assets from MidCon Compression

Jul 14, 2014

Exterran Partners LP and Exterran Holdings Inc. report that Exterran Partners has entered into an agreement to acquire natural gas compression assets from MidCon Compression LLC, a subsidiary of Chesapeake Energy Corp., for $135 million.

Baker Hughes gives second-quarter well count

Jul 14, 2014

Baker Hughes Inc. reports that the US onshore well count for the second quarter of 2014 was 9,394 wells, up 428 wells or 5% compared to the first quarter of the year. Compared to the second quarter of 2013, the well count was up 383 wells or 4%.

NGL adds additional water disposal facilities in Eagle Ford and Permian

Jul 10, 2014

NGL Energy Partners LP has added five new saltwater disposal facilities, which include a total of six recently completed disposal wells, for a cumulative cost of $83 million.

KKR and Riverstone Holdings to form Trinity River Energy

Jul 10, 2014

KKR and Riverstone Holdings LLC report the signing of a definitive agreement to merge the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC to create Trinity River Energy LLC.

BridgeTex holds open season for additional pipeline commitments

Jul 10, 2014

Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline has launched a supplemental open season for additional transportation commitments on the pipeline.

Triangle Petroleum to offer $350M senior notes

Jul 10, 2014

Triangle Petroleum Corp. reports that Triangle USA Petroleum Corp., the company's wholly owned E&P subsidiary, intends to offer $350 million in aggregate principal amount of senior notes due 2022 in a private placement to eligible investors.

Law firm Jackson Kelly adds attorneys focused on oil and gas

Jul 10, 2014

Jackson Kelly PLLC has moved its Ohio office from Canton to Akron and has added established Akron attorneys Mark Bernlohr, Clay Keller, and J. Alex Quay, who will practice in the firm’s Industrial, Environmental and Complex Litigation Practice Group.

 

Talisman, Statoil end effort to sell Eagle Ford joint venture

Jul 9, 2014

Talisman Energy Inc. and Statoil have ended their effort to sell their joint venture in the Eagle Ford basin after offers came in lower than expected, Bloomberg reported.

American Energy – Permian Basin to offer $1.4 billion of senior notes

Jul 9, 2014

American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, intends to offer $1.4 billion of senior unsecured notes, in three series due in 2019, 2020, and 2021, in an unregistered offering to institutional investors.

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