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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

    Permian Basin

    While the first Permian Basin well was drilled back in 1925, the liquids-rich area, comprised of the Midland Basin, the Delaware Basin, and the Marfa Basin, has experienced a revival of activity as the oil and gas industry's interest in unconventional resources grows along with new technologies and oil prices.

     

    Permian Basin

    Permian Basin News

    Caiman Energy and Blue Racer Midstream appoint new CEO and CFO

    Thu, May 21, 2015

    Stephen Arata has been named CEO of both Caiman Energy II LLC and Blue Racer Midstream LLC, following Jack Lafield’s resignation as CEO of both companies. Lafield will continue to serve as chairman of Caiman Energy II and remains a member of Blue Racer’s board of directors.

    GlobalData: Core Bakken assets remain economical despite low oil prices

    Thu, May 21, 2015

    While the 12 counties with Bakken production between North Dakota and Montana have lost the majority of their horizontal rigs over the last eight months, core areas of the shale play remain attractive, especially as oil prices creep toward $70 per barrel, says an analyst with research and consulting firm GlobalData.

    Summit Midstream Partners closes acquisitions in Williston Basin

    Tue, May 19, 2015

    Summit Midstream Partners LP’s wholly owned subsidiary, Bison Midstream LLC, has closed its acquisition of 100% of the equity interests of certain subsidiaries of Summit Midstream Partners LLC for total cash consideration of $255 million.

    DW comments on US oilfield services rebalancing act

    Mon, May 18, 2015

    In Douglas-Westwood’s May 18 DW Monday, the company discusses its expectations for the oilfield services market.

    Tokyo Gas aims for more investments in US shale gas

    Mon, May 18, 2015

    Tokyo Gas Co. Ltd. plans to expand its investment in US shale gas production, according to Reuters. As Japan's biggest gas utility, the company is interested in investing in US shale as a hedge to its liquefied natural gas (LNG) imports from the US, which are contracted to start in 2016.

    Lucas terminates agreements with Victory Energy

    Mon, May 18, 2015

    Lucas Energy Inc. confirms that, on May 11, the nonbinding letter of intent previously entered into between Victory Energy Corp. and Lucas was terminated. 

    T-Rex intends to purchase acreage in Williston Basin

    Mon, May 18, 2015

    T-Rex Oil Inc., which focuses on the Rocky Mountain region, has entered into a letter of intent to purchase 16,100 net mineral acres in the Williston Basin with access to the Madison, Bakken, Three Forks, and Red River formations. 

    UGI to build LNG plant in Marcellus shale play

    Fri, May 15, 2015

    UGI Energy Services LLC, a wholly owned subsidiary of UGI Corp., plans to build a liquefied natural gas (LNG) production facility in northern Pennsylvania that will utilize Marcellus shale gas.

    JFLCO acquires Sprint Energy Services

    Fri, May 15, 2015

    JF Lehman & Co. (JFLCO), a middle-market private equity firm focused on the maritime, defense and aerospace sectors, said May 14 that certain of its investment affiliates have acquired a majority stake in Sprint Energy Services LP in partnership with company management.

    IHS: Unconventional techniques can unlock billions of barrels from older conventional fields

    Wed, May 13, 2015

    As much as 141 billion barrels of potential incremental hydrocarbon resources could be unlocked if drilling and completion techniques refined in US shale plays are applied to conventional, low-productivity oil plays outside of North America, according to new analysis from IHS, a global source of critical information and insight.

    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

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