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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

    Rosetta Resources increases borrowing base to $950 million

    Apr 3, 2014

    Rosetta Resources Inc. reports the amendment of its senior revolving credit facility to increase its borrowing base. Effective April 2, the company's borrowing base increased from $800 million to $950 million.

    Crestwood Midstream expands Permian Delaware Basin project

    Apr 2, 2014

    Crestwood Midstream Partners LP reports a further expansion of its Willow Lake Project in the Permian Delaware Basin, which includes the conversion of a portion of its Las Animas natural gas gathering system into rich gas service and the construction of an initial cryogenic natural gas processing plant.

    Bolton joins Energen Resources as VP-Land

    Apr 2, 2014

    David Bolton has been elected by the Energen Corp. board of directors as vice president, Land, for the company’s oil and gas exploration and production unit, Energen Resources Corp.

    Crude Energy acquires working interest in Permian Basin

    Apr 2, 2014

    Crude Energy LLC has acquired a 50% working interest in 3,680 acres located in Sterling County, Texas, in the heart of the Permian Basin.

    EIA: Five states, GOM produce over 80% of US crude oil

    Mar 31, 2014

    Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.

    Kinder Morgan to invest $1B to expand CO2 network

    Mar 26, 2014

    Kinder Morgan Energy Partners LP will build and operate a new, 213-mile, 16-inch diameter pipeline to transport carbon dioxide from the company’s St. Johns source field in Apache County, Ariz., to the Kinder Morgan-operated Cortez Pipeline in Torrance County, NM.

    Callon updates on agreement, director appointments

    Mar 11, 2014

    Callon Petroleum Co. has reached an agreement with Lone Star Value Management LLC. Pursuant to the agreement, Callon has agreed to expand the size of the company's board of directors from six to eight directors and to designate two new independent directors – Matthew Regis Bob and James M. Trimble – to fill the newly created directorships, effective March 14. 

    Ring Energy closes on Permian Basin acreage acquisition

    Mar 4, 2014

    Ring Energy Inc. has finalized its acquisition of 2,481 gross (1,567 net) acres located in Andrews and Gaines counties, Texas.

    Mexco Energy plans to drill in Permian Basin

    Feb 28, 2014

    Mexco Energy Corp. has plans to drill certain oil and gas properties in the Permian Basin of West Texas.

    Victory Energy obtains $36M in funding

    Feb 25, 2014

    Victory Energy Corp. has obtained $36.4 million of bank and private-placement funding through its interest in Aurora Energy Partners.

    STW launches new subsidiary and partnership

    Feb 25, 2014

    STW Resources Holding Corp. has created a new subsidiary to engage in the reclamation of oil-based drilling cuttings and the oil sludge from cleaning out oil storage tanks, initially in the West Texas Permian and Delaware basins, with rollout plans in the Eagle Ford Basin in south Texas and Eastern New Mexico. 

    STW Energy extends operations to Eagle Ford

    Feb 21, 2014

    STW Resources Holding Corp. reports that its 75% owned subsidiary STW Energy has expanded operations in South Texas and has increased Permian Basin services.

    Breitling acquires rights to Permian Basin acreage

    Feb 21, 2014

    Breitling Energy Corp. has entered into a farm-out agreement with Steller Energy and Investment Corp., which had previously entered into an agreement with Clayton Williams Energy Inc. for the exploration and development of 3,680 acres in Sterling County, Texas.

    Diamondback Energy to acquire Permian acreage

    Feb 19, 2014

    Diamondback Energy Inc. has entered into definitive purchase agreements with unrelated third-party sellers to acquire additional leasehold interests in Martin County, Texas, in the Permian Basin, for an aggregate purchase price of $174 million.

    Athlon Energy closes upsized secondary public offering

    Feb 13, 2014

    Athlon Energy Inc. has closed its underwritten public offering by certain selling stockholders that are affiliates of Apollo Management Holdings LP of 16.1 million shares of common stock at $32 per share, which includes 2.1 million shares purchased from the selling stockholders named in the registration statement pursuant to the exercise of the underwriters’ option to purchase additional shares.

    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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