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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

    East Valley Industrial Park to construct Bakken unit train logistics hub

    Fri, May 1, 2015

    East Valley Industrial Park LLC has received first round funding for the East Valley Rail Terminal located east of Williston, North Dakota. Contracts have been let for mainline turnout installation and site construction, beginning this summer. Initial operations are scheduled for December.

    Enterprise to build new crude oil and condensate pipeline in Texas

    Fri, May 1, 2015

    Enterprise Products Partners LP has executed long-term agreements that support development of a new 416-mile, 24-inch-diameter pipeline to transport crude oil and condensate from the company’s Midland, Texas, terminal to its Sealy storage facility west of Houston.

    Lonestar Resources acquires Eagle Ford leasehold

    Fri, May 1, 2015

    Lonestar Resources Ltd. has reached definitive agreements to acquire leasehold associated with approximately 6,122 gross/4,047 net mineral acres in La Salle County, Texas. 

    Fitch: Energy sector tops downgrades, due to oil price drop

    Thu, Apr 30, 2015

    The energy (oil and gas) sector accounts for the most downgrades in the first quarter of 2015, at 28%, primarily driven by the drop in oil prices, according to Fitch Ratings.

    Parsley Energy increases committed portion of credit facility to $500M

    Tue, Apr 28, 2015

    Parsley Energy Inc.’s aggregate lender commitments under its revolving credit facility have been increased by $135 million to $500 million.

    W&T Offshore amends credit facility

    Tue, Apr 28, 2015

    W&T Offshore Inc. has amended its existing revolving bank credit facility and modified certain covenants to enhance the company's financial flexibility.

    SandRidge appoints Suter as SVP of production

    Fri, Apr 24, 2015

    SandRidge Energy Inc. has appointed John Suter as senior vice president of production, effective April 27.

    Hammond joins Babst Calland’s energy and business services practices

    Fri, Apr 24, 2015

    The law firm of Babst Calland has added corporate attorney Jay Hammond as a shareholder in the firm’s Energy and Natural Resources Group and Business Services Group.

    Statoil awards Ferus with CO2 service contract in North Dakota

    Thu, Apr 23, 2015

    Statoil has awarded a carbon-dioxide (CO2) supply and service agreement to Denver, Colorado-based Ferus LP, which provides energized fluids (liquid CO2 and liquid nitrogen) to the North American oil and gas industry.

    Pepper Hamilton hires O&G litigation partner and associates

    Thu, Apr 23, 2015

    Michael G. Connelly has joined Pepper Hamilton LLP’s Pittsburgh, Pennsylvania, office as a partner in the Commercial Litigation Practice Group. Connelly is joined by two associates, Kevin M. Eddy and Victoria D. Summerfield.

    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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