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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

    AEMN raises $500M to acquire ORRIs in onshore US basins

    Dec 2, 2014

    American Energy Minerals Holdings LLC (AEMN), an affiliate of American Energy Partners LP, has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (ORRIs) across targeted high-return onshore basins in the US.

    ONEOK completes acquisition of NGL assets in Permian Basin

    Dec 1, 2014

    ONEOK Partners LP has completed the acquisition of natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corp. for $800 million.

    Foxcode closes $210M bond issuance for US Shale Solutions

    Nov 25, 2014

    Foxcode Inc., a merchant banking firm, has closed a $210 million bond issuance of three-year senior secured notes to form US Shale Solutions Inc. 

    AEPB closes notes offering, acquisition

    Nov 25, 2014

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP, reports the initial closing of an offering by its immediate parent, American Energy Permian Holdings LLC, of $515 million of 8.0% exchangeable junior subordinated notes due 2022, the net proceeds of which are being contributed to AEPB in exchange for preferred units. 

    PAA to expand Cactus Pipeline takeaway capacity

    Nov 25, 2014

    Plains All American Pipeline LP plans to provide additional pumps to increase the takeaway capacity of the Cactus Pipeline in response to higher regional production forecasts and shipper demand.

    INDUSTRY BRIEFS

    Nov 20, 2014

    Lone Star JV to construct NGL pipeline from Permian Basin to Mont Belvieu

    Nov 18, 2014

    Energy Transfer Partners LP and Regency Energy Partners LP report that their joint venture, Lone Star NGL LLC, will construct a 533-mile, 24-inch and 30-inch natural gas liquids (NGL) pipeline from the Permian Basin to Mont Belvieu, Texas, and convert Lone Star’s existing West Texas 12-inch NGL pipeline into crude oil/condensate service.

    Mid-Con Energy closes Eastern Shelf acquisition, increases borrowing base

    Nov 18, 2014

    Mid-Con Energy Partners LP has closed its acquisition in the Eastern Shelf of the Permian Basin for $120 million. The company has also  increased its borrowing base to $240 million, up 26% from the $190 million in previously established commitments.

    North American shale update

    Nov 17, 2014

    Production set to reach 15 MMboe/d in 2015

    Tabor resigns from Concho board of directors

    Nov 7, 2014

    Concho Resources Inc. reports that A. Wellford Tabor has resigned from the company’s board of directors and all its committees.

    Select Energy Services partners with X-Chem/Terra

    Nov 5, 2014

    Select Energy Services LLC has entered into a strategic partnership with X-Chem/Terra, an oilfield wastewater treatment and recycling company. 

    PAA and Enterprise Products plan Eagle Ford JV Pipeline expansions, new terminal

    Nov 5, 2014

    Plains All American Pipeline LP (NYSE: PAA) and Enterprise Products Partners LP (NYSE: EPD) are constructing a new condensate gathering system into their Three Rivers terminal and doubling the mainline capacity on the Eagle Ford Joint Venture (JV) Pipeline from Three Rivers to Corpus Christi, Texas. These expansions are supported by a long-term production commitment and are expected to be placed into service in the third quarter of 2015.

    The Eagle Ford JV Pipeline system is a 50/50 joint venture between Plains and Enterprise that delivers crude oil and condensate via pipeline from Gardendale in La Salle County, Texas, to the Three Rivers and Corpus Christi refineries and to other markets via marine transport facilities at Corpus Christi. Furthermore, the pipeline supplies the Houston-area market through a connection to the Enterprise Crude Pipeline terminal at Lyssy in Wilson County, Texas.

    As part of the expansion, Plains and Enterprise will construct a new gathering system with 55 miles of gathering and trunkline pipeline that will connect Karnes County and Live Oak County production areas to the Three Rivers terminal. The companies will also construct an additional 70-mile, 20-inch pipeline from Three Rivers to Corpus Christi, as well as expand storage and pumping capacity at Three Rivers.

    Combined with the previously announced expansion, this project effectively loops the Eagle Ford JV Pipeline from Gardendale to Corpus Christi and increases the JV system capacity to over 600,000 barrels per day. The Eagle Ford JV Pipeline will be connected with the Cactus pipeline, which Plains is constructing from the Permian Basin at McCamey to the Eagle Ford JV Pipeline at Gardendale.

    Plains and Enterprise will also build a new terminal on the Corpus Christi ship channel to support the increased volumes to be shipped via pipeline to the region. The dock will have the capacity to handle a variety of ocean-going vessels and is planned to be in service by 2017.

    FTSI to acquire J-W Wireline

    Nov 4, 2014

    FTS International has signed a definitive agreement to acquire J-W Wireline Co., a subsidiary of J-W Energy Co., which is an independent cased-hole wireline company in North America.

    AEPB to offer $800M of exchangeable subordinated notes

    Oct 30, 2014

    American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, says that its affiliate, American Energy Permian Holdings LLC, intends to offer $800 million of exchangeable junior subordinated notes due 2022 in an unregistered offering to institutional investors.

    AEPB provides acquisitions update

    Oct 29, 2014

    American Energy – Permian Basin LLC (AEPB), an affiliate of American Energy Partners LP (AELP), reports that, since July 31, it has completed or entered into definitive agreements with multiple parties to acquire net production of 1,400 barrels of oil equivalent (boe) per day and 27,000 net acres of leasehold in the Wolfcamp shale play in the central Midland Basin. 

    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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