•  
  •  
  •  
  •  
  •  
  • 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

    Summit Midstream COO plans to depart in September

    Wed, Aug 26, 2015

    Summit Midstream Partners LP’s COO, Rene Casadaban, plans to leave the company to pursue other interests. He will continue his employment with the company until Sept. 30 to help transition his duties.

    RSP Permian completes bolt-on Midland Basin acquisitions and increases borrowing base

    Wed, Aug 26, 2015

    RSP Permian Inc. has closed its bolt-on acquisitions in the company's existing core operating areas in the Midland Basin for an aggregate purchase price of $274 million in cash. 

    Oil production grows in Bakken and Eagle Ford

    Fri, Aug 21, 2015

    Oil production from key shale formations in North Dakota and Texas increased slightly in July from June, according to Bentek Energy, an analytics and forecasting unit of Platts.

    JOGMEC, Inpex begin study on technology for shale gas project in Canada

    Thu, Aug 20, 2015

    Japan Oil, Gas and Metals National Corp. (JOGMEC) and Inpex Corp. have begun a joint study on technology relating to shale gas development in the Horn River, Liard, and Cordova areas in the province of British Columbia, Canada, with Inpex Gas British Columbia Ltd. (IGBC, a subsidiary of Inpex) and Nexen Energy ULC (Nexen), a wholly owned subsidiary of CNOOC Ltd.

    Southcross Energy Partners and Southcross Holdings secure new equity commitment

    Thu, Aug 20, 2015

    Southcross Energy Partners LP and Southcross Holdings LP have secured a new $175 million equity commitment and have provided additional detail into distribution coverage and future drop-down plans.

    Antero to build advanced wastewater treatment complex

    Thu, Aug 20, 2015

    Antero Resources Corp. has signed an agreement with Veolia Water Technologies Inc. and Veolia North America to design and build an advanced wastewater treatment complex in Doddridge County, West Virginia.

    Shale technology – the new ‘swing’ producer setting global oil prices?

    Wed, Aug 19, 2015

    The emergence of shale technology, particularly in the US, is dramatically challenging the conventional rules of the global oil markets, says Olivier Appert, president of the World Energy Council French Committee. Shale could become be the new “swing” producer in setting the price of oil on global markets. 

    WPX completes acquisition of Permian producer

    Tue, Aug 18, 2015

    WPX Energy has closed its purchase of RKI Exploration & Production LLC, providing WPX with a presence in the core of the Permian’s Delaware Basin.

    Monadnock receives $100M equity commitment from Kayne Anderson

    Tue, Aug 18, 2015

    Monadnock Resources LLC has received a $100 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Monadnock is being formed to target the acquisition and development of oil and natural gas assets in North America.

    Gulf Coast Western forms new subsidiary

    Tue, Aug 18, 2015

    Gulf Coast Western LLC, headquartered in Dallas, Texas, has formed a subsidiary, Gulf Coast Western Energy Services, to provide a full suite of well completion and operational safety services to the oil and gas industry.

    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.