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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 extends Permian footprint in LINN deal

    May 22, 2014

    Exxon Mobil Corp. has executed an agreement to add nearly 26,000 acres to its US oil and natural gas portfolio managed by subsidiary XTO Energy Inc., through a non-monetary exchange with LINN Energy LLC.

    Cowan and Company analysts: North American budgets heading higher

    May 22, 2014

    Analysts with Cowan and Company have checked with 53 of the larger spenders of E&P dollars in the US and found that a total of $1.4 billion has been added to E&P budgets since the publishing of Cowan and Company’s year-end E&P spending survey in January.

    ExxonMobil increases Wolfcamp acreage in Permian Basin

    May 22, 2014

    Exxon Mobil Corp. has executed an agreement to add nearly 26,000 acres to its US oil and natural gas portfolio managed by subsidiary XTO Energy Inc., through a non-monetary exchange with LINN Energy LLC.

    Apache makes leadership changes

    May 21, 2014

    Apache Corp. reports that Tom Yelich and Tim Custer will assume new leadership posts in a reorganization of the company's Business Development and Land groups.

    Lucid constructs cryogenic processing plant in Permian Basin

    May 19, 2014

    Lucid Energy Group LLC has purchased a new cryogenic processing plant that will be located 10 miles southeast of the town of Big Lake in Reagan County, Texas. This strategic location is in the heart of the Permian’s Midland Basin in West Texas.

    Frontier announces Permian Basin crude oil transportation system

    May 14, 2014

    Frontier Midstream Solutions LLC has announced a new crude transportation system, to be owned by Alpha Crude Connector LLC.

     

    Buckhorn Energy Services expands operations in Permian Basin

    May 14, 2014

    Buckhorn Energy Services LLC is expanding its operations into the Permian Basin. The company has acquired five operating saltwater disposal wells, two brine stations, and two freshwater wells located in the Ector, Martin, and Ward counties of Midland/Odessa, Texas.

    Santrol opens eighth proppant terminal in Permian Basin

    May 14, 2014

    Santrol, a Fairmount Minerals company, has opened its eighth proppant terminal in the Permian Basin. The new Carlsbad, New Mexico, rail terminal is serving the western part of the basin.

    Approach Resources names Harris as vice president–land

    May 13, 2014

    Approach Resources Inc. reports that John L. Harris has been named to the position of vice president–land. He assumes the role following the retirement of Ralph P. Manoushagian, who has served as executive vice president–land since 2008.

    Parsley Energy launches IPO

    May 13, 2014

    Parsley Energy Inc. has launched an initial public offering of 43,900,000 shares of its Class A common stock at an anticipated initial offering price between $15.00 and $18.00 per share.

     

    Rangeland constructing crude oil, frac sand terminal in Delaware Basin

    May 13, 2014

    Rangeland Energy has started construction of the Rangeland Integrated Oil System (RIO System) in the Delaware Basin region of Southeast New Mexico and West Texas.

    Building out the Permian crude oil gathering system - Part 3

    May 9, 2014

    Permian Basin crude production is expanding rapidly. At over 1.5 MMb/d it already represents nearly 19 percent of total US crude output. Midstream companies are busy developing more than a dozen gathering system extensions and additions to deliver Permian production to about 1 MMBbl of mainline pipeline capacity coming online between the start of 2013 and 2015. In today’s blog “Come Gather ‘Round Pipelines – Part 3: Plains Permian Crude Gathering System Expansions” Sandy Fielden details planned improvements to the Basin and Cactus pipelines.

    Permian becoming largest US tight oil play

    May 7, 2014

    QEP Resources to sell non-core assets for $807M

    May 6, 2014

    QEP Energy Co., a wholly-owned subsidiary of QEP Resources Inc., has entered into three definitive agreements to sell non-core oil and gas properties in the Midcontinent and Williston Basin for a combined purchase price of approximately $807 million.

    Athlon Energy completes upsized $650M of senior notes

    May 5, 2014

    Athlon Energy Inc. has completed the offering of $650 million of 6.00% senior unsecured notes by Athlon Holdings LP and its co-issuer and wholly owned subsidiary, Athlon Finance Corp.

    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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