• 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.


    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

    Thigpen partners with Intervale and Recapture Solutions

    Oct 8, 2014

    Thigpen Energy has partnered with Intervale Capital, which will provide growth capital to support Thigpen's fleet and geographic expansion. Thigpen will work with Recapture Solutions, another portfolio company of Intervale, to monetize and utilize stranded flare gas.

    Wood Mackenzie comments on Springer shale play

    Oct 7, 2014

    Wood Mackenzie analysts comment that the Springer shale play, more commonly referred to as the Goddard shale play, is expected to grow inventory and reserves for operators already drilling in the Woodford shale play in the South-Central Oklahoma Oil Province (SCOOP).

    KKR and Fleur de Lis to acquire Permian Basin properties from LINN

    Oct 6, 2014

    KKR Natural Resources has signed a definitive agreement to acquire certain oil and gas properties in Ector and Midland counties, Texas, of the Permian Basin from LINN Energy LLC for $350 million.

    LINN Energy reports $2.3 billion of asset sales

    Oct 6, 2014

    LINN Energy LLC and LinnCo LLC report that LINN has signed a definitive agreement to sell its entire position in the Granite Wash and Cleveland plays located in the Texas Panhandle and western Oklahoma to privately held institutional affiliates of EnerVest Ltd. for a contract price of $1.95 billion.

    WadeCo Specialties acquires Elite Treating Solutions

    Oct 3, 2014

    WadeCo Specialties Inc., a specialty chemical provider focused on production chemicals and services for the oil and gas industry, has acquired Elite Treating Solutions Ltd.

    OXY to spin off California oil and gas business

    Oct 3, 2014

    Occidental Petroleum Corp. reports that its board of directors has approved the spin-off of its California oil and gas business into an independent and separately traded company, California Resources Corp.  

    BridgeTex Pipeline begins service from Permian to Gulf Coast

    Sep 30, 2014

    Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline began commercial service on Sept. 29, delivering crude oil from West Texas to the Houston Gulf Coast area.

    Encana acquires Athlon Energy for $7.1B

    Sep 29, 2014

    Encana Corp. and Athlon Energy Inc. have entered into a definitive merger agreement. Encana will acquire all of the issued and outstanding shares of common stock of Texas-based Athlon for $5.93 billion in cash, as well as the company’s $1.15 billion of senior notes, for a total transaction value of approximately US$7.1 billion.

    RSP prices upsized $500M placement of senior unsecured notes

    Sep 24, 2014

    RSP Permian Inc. has priced its private placement to eligible purchasers of $500 million aggregate principal amount of 6.625% senior unsecured notes due 2022 at par. This represents an increase of $50 million over the aggregate principal amount previously announced.

    Schramm and FEMCO partner in 24/7 rig service centers in shale regions

    Sep 23, 2014

    Schramm Inc., a manufacturer of land-based hydraulic drilling rigs, has formed a partnership with FEMCO, an aftermarket parts manufacturer and emergency repair services provider, to support its customers operating in North Dakota, South Dakota, and Texas, with 24/7 service centers for drilling rigs.

    ExxonMobil increases Wolfcamp position in Permian Basin

    Sep 19, 2014

    Exxon Mobil Corp. has entered into a non-monetary exchange agreement with LINN Energy LLC to add 17,800 net acres in the Permian Basin to its US oil and natural gas portfolio managed by subsidiary XTO Energy Inc.

    RSP Permian launches $450M placement of senior unsecured notes

    Sep 18, 2014

    RSP Permian Inc. intends to offer $450 million aggregate principal amount of senior unsecured notes due 2022 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended. 


    Callon closes public offering

    Sep 16, 2014

    Callon Petroleum Co. (NYSE: CPE) has closed its public offering of 12,500,000 shares of the company's common stock at a price to the public of $9.00 per share, before underwriting discounts, and the exercise in full by the underwriters of their option to purchase 1,875,000 additional shares of common stock at $9.00 per share, which also closed Sept. 15.

    Atlas Pipeline Partners starts up new Permian processing plant

    Sep 16, 2014

    Atlas Pipeline Partners LP has brought into service its Edward processing plant, with capacity of 200 million cubic feet per day, in the Permian Basin.

    Energy & Exploration Partners files for IPO again

    Sep 16, 2014

    Energy & Exploration Partners Inc. has filed again with US regulators for an initial public offering of common stock, its second attempt to list on the New York Stock Exchange, according to Reuters.

    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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