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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

    Canyon Midstream secures $50M credit facility

    Sep 5, 2014

    Canyon Midstream Partners LLC has secured a four-year $50 million credit facility, which can be expanded to $100 million.

    Callon makes $213M Midland Basin acquisition

    Sep 4, 2014

    Callon Petroleum Co. has entered into definitive agreements with private entities to acquire certain undeveloped acreage and oil and gas producing properties located in Midland, Andrews, Martin, and Ector counties, Texas, for an aggregate price of $212.6 million in cash.

    RSP Permian updates on acquisitions, borrowing base, credit facility

    Sep 3, 2014

    RSP Permian Inc. has closed its acquisitions in Glasscock County, Texas, for an aggregate purchase price of $257 million in cash.

    Raptor Petroleum II to sell Permian Basin properties

    Aug 29, 2014

    Raptor Petroleum II LLC has retained E-Spectrum Advisors LLC to sell its properties targeting the Mississippian in Borden, Garza, Kent, Nolan, and Scurry counties, Texas.

    Oxy to build new Permian Basin office complex

    Aug 28, 2014

    Occidental Petroleum Corp. (NYSE: OXY) has begun construction on a new office complex in Midland, Texas, that will serve as the center of the company’s oil and gas operations in the Permian Basin.

    Vaquero gets equity commitment from Yorktown

    Aug 22, 2014

    Vaquero Midstream LLC has received a substantial equity commitment from Yorktown Energy Partners LLC. Vaquero offers customers a full suite of integrated crude oil and natural gas midstream services, including gathering, treating, processing, compression, liquids handling, and transmission.

    Intervale Capital acquires Recapture Solutions

    Aug 19, 2014

    Intervale Capital has acquired Recapture Solutions LLC from Triten Corp. 

    PennTex to build gathering, processing platforms in Permian and Lousiana

    Aug 18, 2014

    PennTex Midstream Partners LLC has signed two separate midstream transactions to build two significant gathering and processing platforms in the Permian Basin and Northern Louisiana.

    Oilfield water management

    Aug 11, 2014

    Today, much more attention is being paid to issues surrounding the management of oilfield water used in upstream oil and gas operations.

    BridgeTex Pipeline extends open season

    Aug 11, 2014

    Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline has extended its supplemental open season for additional transportation commitments on the pipeline. Binding commitments are now due by 5 p.m. Central Time on Aug. 14.

    North American shale update

    Aug 11, 2014

    Rystad Energy estimates that the total liquid supply from North American shale production will increase by 1.4 million barrels of oil equivalent per day in 2014 compared to 2013.

    RSP Permian prices common stock offering

    Aug 8, 2014

    RSP Permian Inc. has priced an underwritten public offering of 10,000,000 shares of its common stock at $25.65 per share. The company is selling 4,166,667 shares of its common stock, and the selling stockholders are selling 5,833,333 shares of the company's common stock.

    Enlink Midstream updates on new projects in key growth regions

    Aug 6, 2014

    EnLink Midstream Partners LP and EnLink Midstream LLC have reported two new growth projects that will expand EnLink Midstream’s footprint in the Permian Basin and south Louisiana.

    AEPB closes acquisition and notes offering

    Aug 4, 2014

    American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has closed on its acquisition of 63,000 net acres of leasehold in the southern Permian Basin, and has also closed on its offering of $350 million of floating rate senior unsecured notes due 2019, $650 million of 7.125% senior unsecured notes due 2020, and $600 million of 7.375% senior unsecured notes due 2021. 

    American Energy – Permian Basin names Mobley as CFO

    Aug 4, 2014

    American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has named Jeffrey L. Mobley as its CFO. 

    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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