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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

    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.

    Empeiria affiliate acquires oilfield production equipment manufacturers

    Sep 16, 2014

    Empeiria Capital Partners LLC, a New York-based private equity firm, says that its affiliate, Tank Partners Holdings LLC, has completed the acquisitions of JL Bryan Equipment & Lease Services Inc. and Tank Partners LLC.

    Enhanced Oil Resources updates on sale of Crossroads oil field

    Sep 16, 2014

    Enhanced Oil Resources Inc. previously announced that its indirect wholly-owned subsidiary, Ridgeway Arizona Oil Corp., had entered into a non-binding letter of intent with a non-affiliated third party for the sale of all of the company's rights, title, and interest in the Crossroads oil field, located in Lea County, New Mexico.

    Aqua-Pure expands into Eagle Ford through FQS Ventures

    Sep 10, 2014

    Aqua-Pure Ventures Inc., a recycler of oilfield and shale gas wastewater, reports the installation of a second ROVER unit through FQS Ventures, a joint venture between Aqua-Pure’s wholly owned subsidiary Fountain Quail Water Management and Select Energy Services, marking the first ROVER mobilization into the Eagle Ford shale play.

    STW Resources to acquire Black Pearl Energy

    Sep 10, 2014

    STW Resources Holding Corp. plans to acquire Midland, Texas-based Black Pearl Energy LLC, which installs liners and has introduced floating evaporation covers for freshwater frac pits to the oil industry. Black Pearl operates primarily in the Permian Basin.

    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.

    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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