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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 signs gas processing agreements with XTO, Apache Corporation in Permian

    Jun 5, 2014

    Houston-based Canyon Midstream Partners LLC has entered into gathering and processing agreements with XTO Energy Inc., a subsidiary of Exxon Mobil Corp., and Apache Corp. for midstream services on Canyon's James Lake System.

    Athlon Energy completes northern Midland Basin acquisitions

    Jun 4, 2014

    Athlon Energy has closed all of its acquisitions in the northern Midland Basin for an aggregate purchase price of $873 million in cash.

    Bentek Energy: US natural gas output rose 0.6% in May

    Jun 4, 2014

    US exploration and production companies were at full throttle in May, producing 67.7 billion cubic feet per day (Bcf/d) of natural gas in the Lower 48 states, according to the latest estimates from Bentek Energy, an oil and natural gas analytics and forecasting unit of Platts. 

    Demand for frack services in US to rise 10% in 2014

    May 29, 2014

    The North American market for hydraulic fracturing services will see strong growth through 2016 due to robust D&C activity, with moderate pricing increases expected in 2014, according to just-published analysis from PacWest Consulting Partners.

    Matador Resources begins public offering of common stock

    May 27, 2014

    Matador Resources Co. has begun an underwritten public offering of 7,500,000 shares of its common stock.

    Parsley Energy prices upsized IPO

    May 27, 2014

    Parsley Energy Inc. has priced its initial public offering of 50 million shares of its Class A common stock at $18.50 per share. The shares are expected to begin trading on the New York Stock Exchange on May 23 under the ticker symbol “PE.”

    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.

    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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