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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

    Aqua Terra expands into Permian Basin

    Oct 23, 2014

    Aqua Terra Water Management LP has acquired two saltwater disposal facilities operated by Texas SWD Co Inc. and a permit for a saltwater disposal facility from Coronado Minerals LLC. Terms of the acquisitions were not disclosed.

    Eagle Materials to acquire CRS Proppants

    Oct 20, 2014

    Eagle Materials Inc. has entered into a definitive agreement to acquire CRS Proppants LLC and its subsidiaries, including Great Northern Sand LLC (CRS Proppants), a supplier of northern-white frac sand to the energy industry, for $225 million.

    Medallion begins operations of Permian crude oil system

    Oct 16, 2014

    Medallion Pipeline Co. LLC, a subsidiary of Medallion Midstream LLC, has begun operations of 97 miles of its Midland Basin crude oil gathering and transportation system.

    American Midstream acquires Costar Midstream

    Oct 15, 2014

    American Midstream Partners LP has acquired Costar Midstream LLC from Energy Spectrum Partners VI LP and Costar management for $470 million.

    Targa Resources to buy Atlas Pipeline, Atlas Energy

    Oct 14, 2014

    US pipeline company Targa Resources Corp., the general partner of Targa Resources Partners LP, has agreed to acquire Atlas Energy LP's incentive distribution right, limited partner, and general partner interests in Atlas Pipeline Partners LP.

    Mid-Con Energy to acquire Eastern Shelf properties in Permian Basin

    Oct 13, 2014

    Mid-Con Energy Partners LP, through its wholly owned subsidiary Mid-Con Energy Properties LLC, has entered into a definitive agreement to acquire net proved oil reserves in the Eastern Shelf of the Permian Basin, which are estimated at 6.1 million barrels of oil equivalent, for an aggregate purchase price of $120 million.

    OWL acquires GP II SWD wells in Permian Basin

    Oct 13, 2014

    Oilfield Water Logistics (OWL), a Natural Gas Partners portfolio company providing water services to the energy industry, has acquired the saltwater disposal wells and producer contracts of GP II Energy Inc.  

    Baker Hughes reports well count for third quarter of this year

    Oct 13, 2014

    Baker Hughes Inc. reports that the US onshore well count for the third quarter of 2014 was 9,566 wells, up 110 wells or 1% compared to the second quarter of 2014. Compared to the third quarter of 2013, the well count was up 491 wells or 5%.

    NMD purchases crude oil logistics site to service Permian Basin

    Oct 13, 2014

    NuDevco Midstream Development LLC (NMD), sponsor of Marlin Midstream Partners LP, a Delaware limited partnership, has purchased land in Eunice, New Mexico, to develop a crude oil terminaling site. Financial terms of the transaction were not disclosed.

    September US natural gas production up 7.4%, breaking record

    Oct 9, 2014

    Natural gas production in the US Lower 48 states averaged 69.1 billion cubic feet per day (Bcf/d) in September, breaking its previous monthly average high for the ninth consecutive month, according to Bentek Energy, an analytics and forecasting unit of Platts.

    TEAM acquires Schlehuber Oil Tools

    Oct 8, 2014

    TEAM Oil Tools Inc. has acquired the assets of Schlehuber Oil Tools LLC. Founded in 2005, Schlehuber is a downhole tools company servicing the Permian Basin.

    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.

    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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