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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

    Legacy updates on Permian funding and on East Texas purchase

    Mon, Jul 6, 2015

    The operating subsidiary of Legacy Reserves LP (Nasdaq: LGCY) has entered into an agreement with funds managed by TPG Special Situations Partners (TSSP) to fund horizontal development of certain of Legacy's Spraberry, Wolfcamp, and Bone Spring rights in the Permian Basin. Additionally, Legacy has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners LP to purchase natural gas properties and gathering and processing assets in East Texas for a combined $440 million.

    Gastar closes sale of non-core Oklahoma assets

    Mon, Jul 6, 2015

    Gastar Exploration Inc. has completed the sale of certain non-core assets in Oklahoma to an undisclosed private third party for a total of $46.1 million of net proceeds. 

    LINN Energy signs funding agreements, sells remaining Wolfcamp assets

    Mon, Jul 6, 2015

    LINN Energy LLC has signed definitive agreements with Quantum Energy Partners and with GSO Capital Partners LP, the credit platform of The Blackstone Group LP. Additionally, LINN Energy has signed a definitive agreement to sell its remaining position in Howard County, Texas, in the Permian Basin for a contract price of $281 million.

    Southcross completes NGL pipelines, updates on Eagle Ford fractionator

    Mon, Jul 6, 2015

    Southcross Energy Partners LP has completed a 60,000-bbl/d Y-grade pipeline connecting Southcross’ Woodsboro processing facility to Southcross Holdings LP’s 63,000-bbl/d Robstown fractionator near Corpus Christi, Texas, and a 20,000-bbl/d propane pipeline from Southcross’ Bonnie View fractionator to the Corpus Christi area for delivery to end-use customers (collectively, the NGL Pipelines).

    Columbia Pipeline Group spins off from NiSource

    Thu, Jul 2, 2015

    On July 1, NiSource separated Columbia Pipeline Group into a stand-alone publicly traded company. Each NiSource shareholder at the time of the separation received one share of Columbia Pipeline Group for each share of NiSource.

    Hess completes sale, establishes Bakken midstream JV

    Thu, Jul 2, 2015

    Hess Corp. has completed the sale of a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.

    Comstock to divest certain East Texas assets

    Thu, Jul 2, 2015

    Comstock Resources Inc. has entered into a definitive purchase and sale agreement with a private company to sell Comstock's oil and gas properties in and around Burleson County, Texas, for a sale price of $115 million.



    Ring Energy completes Delaware Basin acquisition

    Tue, Jun 30, 2015

    Ring Energy Inc. has closed its acquisition of the Delaware Basin acreage located in Culberson and Reeves counties, Texas, for a purchase price of $75 million.

    DCP Midstream Partners' Lucerne 2 Plant now serves DJ Basin

    Mon, Jun 29, 2015

    DCP Midstream Partners LP’s new 200 million cubic feet per day (MMcf/d) Lucerne 2 natural gas processing plant is now in service, increasing the Partnership's processing capacity in the Denver-Julesburg Basin (DJ Basin) to approximately 400 MMcf/d.

    WPX Energy increases activity and EURs in Williston Basin

    Fri, Jun 26, 2015

    WPX Energy plans to increase its activity in the Williston Basin during the second half of 2015 by resuming completions and increasing its rig count from one to three before year-end.

    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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