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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

    First Reserve acquires Dixie Electric from One Rock Capital Partners

    Dec 19, 2013

    First Reserve, a large global private equity firm exclusively focused on energy, through First Reserve Fund XII, has acquired Dixie Electric LLC from private investment company One Rock Capital Partners LLC.

    Industry Briefs

    Dec 12, 2013

    Resource plays and capital players in the global deal landscape

    Dec 12, 2013

    PLS reports that from October 17 to November 16, global deal activity totaled $12.6 billion in 49 deals. As of press time on November 25, Q4's tally has reached $27.0 billion in 84 deals – as compared to Q3 2013's $41.8 billion in 239 deals.

    Triangle Petroleum

    Dec 12, 2013

    A small-cap exploration and production company based in Denver, Colorado, epitomizes just how rewarding and transformational the shale boom in the United States has been.

    Opportune has client-centric focus

    Dec 12, 2013

    Rapidly-growing Firm Concentrates on Consulting, Tax, and Outsourcing

    DW: Shale-driven pipeline expenditure to hit $22B before 2020

    Dec 12, 2013

    Production from US shale plays is expected to continue growing for the next few years, driving stable investment in pipeline infrastructure. The latest edition of the Douglas-Westwood North American Pipeline Database identifies $22 billion in expenditure for the construction of over 23,000 miles of pipeline between 2014 and 2020.

    Plains All American Pipeline expands Permian activities

    Dec 11, 2013

    Plains All American Pipeline LP has reported on four projects that are part of its plan to significantly increase and expand its Permian Basin pipeline infrastructure over the next few years to keep pace with rising production volumes.

    Ikon Science scores a ‘first’ with CNS study

    Dec 11, 2013

    Ikon Science has completed its latest Roknowledge product, the Central North Sea (CNS) study, for which a multi‐disciplinary team analyzed and investigated over 35 wells across a broad area of the CNS.

    QEP Resources acquires Permian Basin oil properties for 950M

    Dec 11, 2013

    EnerVest Ltd. will sell Permian Basin assets to QEP Energy Company, a subsidiary of Denver-based QEP Resources Inc. (NYSE: QEP) for $950 million.

    QEP to acquire Permian Basin oil properties

    Dec 10, 2013

    QEP Resources Inc. has reported that its wholly owned subsidiary, QEP Energy Co., has entered into a definitive agreement to acquire oil and gas properties in the Permian Basin for an aggregate purchase price of approximately $950 million.

    True Oil raises $500M for Permian asset developments

    Dec 10, 2013

    True Oil Co. LLC has secured $500 million for equity capital from an investor group, led by Ares Management, which includes True Oil management and other institutional investors. True Oil will use these funds to acquire and develop Permian Basin oil and gas assets.

    Lakewood Midstream, Energy Spectrum Capital acquire firms

    Nov 21, 2013

    Lakewood Midstream and Energy Spectrum Capital have acquired BS&W Solutions LLC, West OK Disposal LLC, and the assets of West OK Trucking Inc.

    Matador Resources elects Hairford as president

    Nov 19, 2013

    Matador Resources Co. reports that Matthew V. Hairford has been elected president of the company, succeeding Joseph William Foran in that role. Foran will continue as chairman of the board of directors and CEO.

    PLH Group selected for Texas pipeline project

    Nov 19, 2013

    PLH Group Inc. reports that a consortium of large petroleum pipeline companies has selected Snelson Companies Inc., a PLH company, to build 163 miles of 20-inch pipeline and related infrastructure, as part of a larger project to transport crude oil from the Permian Basin for delivery to the Texas Gulf Coast.

    WTI falls, Brent rises as differential widens

    Nov 16, 2013

    The price differential between West Texas Intermediate crude and Brent widened to $14/bbl “as each benchmark diverged for geopolitical and fundamental reasons,” according to analysts at Barclays Capital Inc.

    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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