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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

    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. 

    ONEOK Partners to acquire $800M in Permian Basin NGL assets

    Oct 27, 2014

    ONEOK Partners LP (NYSE: OKS) has agreed to acquire natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corp. for approximately $800 million, subject to customary post-closing adjustments.

    Breitburn acquires Permian bolt-on properties

    Oct 27, 2014

    Breitburn Energy Partners LP reports that it acquired oil and gas properties adjacent to its existing Midland Basin operating areas from Antares Energy on Oct. 24. The purchase price is $50 million, plus 4.3 million Breitburn common units.

    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.

    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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