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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

    Wood Group acquires Elkhorn Holdings

    Nov 14, 2013

    Wood Group has agreed to acquire Elkhorn Holdings Inc., a Wyoming-based provider of construction services for midstream oil and gas facilities in the US shale market.

    Sustainable water management

    Nov 12, 2013

    A key component to shale oil and gas operations

    Oslo: The new old city

    Nov 12, 2013

    The generation living at the time of hydrocarbon extraction is by no means the sole ‘owner' of its value, and is therefore not entitled to spend it," explains Sigbjørn Johnsen, former Minister of Finance, which effectively encapsulates the ideological basis for the economic and financial model that Norway follows in order to preserve and grow its oil wealth for future generations.

    Energy Players

    Nov 12, 2013

    Industry Briefs

    Nov 12, 2013

    Q3 2013 up 59% over Q2 and markets gaining steam

    Nov 12, 2013

    PLS reports that in Q3 2013, global upstream deal value surged 59% over Q2 to $41.8 billion. The US market was up 39% to $12.2 billion, Canada jumped 70% to $3.7 billion and the international market grew by 68%.

    Krylov named EVP and CFO for Approach Resources

    Nov 9, 2013

    Sergei Krylov, managing director at JP Morgan Securities LLC, has been named to the position of executive vice president and CFO for Approach Resources Inc.

    Liberty Resources II LLC sees $350M commitment led by Riverstone

    Nov 8, 2013

    Liberty Resources II LLC, a newly-formed, Denver-based oil and gas company, has received a $350 million commitment, including $300 million from funds managed by energy private equity firm Riverstone Holdings LLC, $50 million from Oakmont Corp. and additional amounts from the company's management team.

    Quicksilver Resources, Eni to jointly explore Delaware Basin

    Nov 5, 2013

    Fort Worth, TX-based Quicksilver Resources Inc. has entered into an agreement with Eni whereby Quicksilver and Eni will jointly evaluate, explore and develop approximately 52,500 gross acres in the Delaware Basin currently held by Quicksilver in the Leon Valley area located in Pecos County, Texas.

    ConocoPhillips boosts earnings with asset sales

    Oct 31, 2013

    ConocoPhillips has received $749 million from the sales of undeveloped oil sands holdings in Canada and a midstream asset in Trinidad and Tobago. The company has also sold its holdings in a Kazakhstan oil field for $5.4 billion.

    Is ANS disconnecting from Brent on the West Coast?

    Oct 24, 2013

    Devon Energy, Crosstex to create new midstream business

    Oct 21, 2013

    Devon Energy Corp. (NYSE:DVN), Crosstex Energy Inc. (NASDAQ: XTXI) and Crosstex Energy LP (NASDAQ: XTEX) have signed definitive agreements to combine substantially all of Devon’s US midstream assets with Crosstex’s assets to form a new midstream business.

    Callon sells Gulf of Mexico assets to W&T Offshore for $100M

    Oct 18, 2013

    Chaparral ramps up Panhandle Marmaton position with acquisition from Cabot

    Oct 17, 2013

    Chaparral Energy Inc. has agreed to purchase net production of roughly 2,000 boe/d and 66,000 net acres in the Panhandle Marmaton Play for $160.1 million from Cabot Oil & Gas Corp.

    Baker Hughes reports on 3Q 2013 well count

    Oct 14, 2013

    Baker Hughes Inc. (NYSE:BHI) reports that the US onshore well count for the third quarter of 2013 is 9,175 wells; up 164 wells or 2% from the revised 9,011 wells counted in the second quarter of 2013. 

    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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