•  
  •  
  •  
  •  
  •  
  • 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

    Lucas and Victory enter into collaboration and funding agreements

    Wed, Mar 4, 2015

    Lucas Energy Inc. has entered into a collaboration agreement and a separate funding agreement with Victory Energy Corp. These agreements represent a milestone toward completing the planned business combination with Victory. 

    Ikon Science partners with CHORUS for unconventional research

    Wed, Mar 4, 2015

    Ikon Science has formed a new partnership with CHORUS, a University of Calgary research consortium that investigates reservoir characterization for enhanced heavy oil recovery, to work on an initiative to bring applied science to the industry for the production of tight sands and unconventional plays.

    PAA acquires Williston Basin crude oil terminal under construction

    Mon, Mar 2, 2015

    Plains All American Pipeline LP has acquired Legion Terminals LLC, which owns a crude oil terminal under construction in Johnson’s Corner, McKenzie County, North Dakota. The terminal, which is expected to be in service in the third quarter of 2015, will serve as a crude oil logistics hub in the Williston Basin.

    Matador closes Delaware Basin combination

    Mon, Mar 2, 2015

    Matador Resources Co. has completed the combination of its Delaware Basin assets with Harvey E. Yates Co. (HEYCO), a subsidiary of HEYCO Energy Group Inc. As a result of the transaction, Matador will assume operatorship of all of HEYCO’s operated properties in the Northern Delaware Basin.

    Enable Midstream holds open season for Oklahoma expansion capacity

    Mon, Mar 2, 2015

    Enable Midstream Partners LP’s wholly owned subsidiary Enable Gas Transmission LLC (EGT) is holding a non-binding open season to allow interested parties an opportunity to obtain new firm interstate natural gas transportation capacity resulting from an expansion of EGT’s Line AD in Oklahoma.

    Goodrich updates on financing, amendment to credit facility

    Mon, Mar 2, 2015

    Goodrich Petroleum Corp. has provided an update on financing and an amendment to its credit facility. 

    Mexico’s bidding round for shallow water kicks off

    Mon, Mar 2, 2015

    Mexico’s National Hydrocarbons Commission recently published the bidding and contract terms for the first 14 oil and gas areas in shallow waters, kicking off the first phase of Mexico’s bidding round for exploratory oil and gas blocks in the Gulf of Mexico.

    American Impact Energy acquires Permian Basin acreage

    Thu, Feb 26, 2015

    American Impact Energy has acquired over 18,000 prime leasehold acres in the Permian Basin.

    Dome Energy executes agreement for sale of US operations

    Tue, Feb 24, 2015

    Dome Energy AB has entered into a heads of agreement with PEDEVCO Corp. (d/b/a Pacific Energy Development) for the proposed sale of Dome's entire US asset base.

    Wood Mackenzie: Oil sands cash flows to fall by $23B in next two years

    Tue, Feb 24, 2015

    The operational cost of extracting bitumen from Canada's oil sands tops out at $37 per barrel for in-situ projects and $40 per barrel for mining projects, according to Wood Mackenzie's latest analysis.

    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

    OGFJ Webcasts

    There is no current content available.