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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

    Diamondback subsidiary, Viper Energy Partners, closes IPO

    Jun 23, 2014

    Viper Energy Partners LP, a subsidiary of Diamondback Energy Inc., and Diamondback have reported the closing of Viper's initial public offering of 5,750,000 common units representing limited partner interests at $26.00 per common unit.

    Bridger enters into agreement with OEMI

    Jun 23, 2014

    Bridger LLC, an integrated crude oil midstream logistics company based in Dallas, Texas, has executed an agreement to provide dedicated trucking services for the crude oil marketing business of Occidental Energy Marketing Inc.  

    UTSA study: Cline shale could have $20B impact

    Jun 21, 2014

    A University of Texas at San Antonio study estimates that the Cline shale play in West Texas could have a $20 billion economic impact and support more than 30,000 jobs by 2022.

    Canyon enters into new gas gathering and processing agreement

    Jun 17, 2014

    Canyon Midstream Partners LLC has entered into a gathering and processing agreement with one of the Permian Basin's largest producers for midstream services on Canyon's James Lake System. 

    The US crude production quality debate

    Jun 13, 2014

    US tight oil production from shale has surged over the past three years pushing overall domestic output up by more than 60% since 2011. At the same time, the quality of US crude production has gotten considerably lighter. An EIA showed that the percentage of crude production with higher than 40 degrees API of gravity  has almost doubled between 2011 and the end of 2015. The increasingly light crude slate is challenging US refining capacity and driving the push for reform of crude export regulations. Yet the data available to inform this critical industry debate is confusing and inadequate.

    The 2014 Brent/WTI crude relationship

    Jun 11, 2014

    After tracking within $1/bbl or so of each other for years, international benchmark Brent crude suddenly began to trade at a higher premium to US benchmark WTI in 2010. The Brent premium widened out as far as $28/bbl in November 2011 and averaged $18/bbl in 2012. But during 2013 the relationship calmed down some to average $11/bbl and in 2014 so far has averaged $8.11/Bbl – closing lower at $5.17/bbl yesterday (June 10, 2014). Today we provide an update on the Brent/WTI crude price relationship.

    BridgeTex Pipeline to begin initial commissioning process

    Jun 10, 2014

    BridgeTex Pipeline Co. LLC, a company owned by Magellan Midstream Partners LP and Occidental Petroleum Corp., plans to begin the commissioning of the BridgeTex Pipeline in the third quarter of 2014.

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company. 

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014

    American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres of leasehold in the southern Permian Basin from affiliates of Denver-based Enduring Resources LLC for $2.5 billion.

    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.”

    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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