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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 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.

    Resolute Energy appoints Hultquist to board of directors

    Feb 11, 2014

    Resolute Energy Corp. has appointed Gary L. Hultquist to the company’s board of directors. He has also been designated to serve on the Compensation Committee and the Corporate Governance/Nominating Committee.  

    IEC to work with Strata on Permian assets

    Feb 6, 2014

    Infinity Energy Capital LLC has been engaged by Strata Resources Inc. to work with its team in the divestiture and/or development of approximately 39,000 acres in the Permian Basin.

    Crosstex continues Permian pipeline extension project

    Feb 6, 2014

    Crosstex Energy LP and Crosstex Energy Inc. are continuing the Partnership’s gas gathering and processing capabilities in the Permian Basin through a new long-term, fee-based agreement with a major oil and gas producer in the region

    ExxonMobil expands Permian Basin acreage

    Feb 5, 2014

    Through an agreement with Endeavor Energy Resources LP, XTO Energy Inc., a subsidiary of ExxonMobil Corp., has agreed to fund development to gain operating equity in 34,000 gross acres in the liquids-rich Wolfcamp in Texas’s Midland and Upton counties.

    Industry Briefs

    Feb 1, 2014

    US oil prices: Let the good times roll

    Feb 1, 2014

    How the value of the dollar impacts the price of oil

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014

    FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Basin from affiliates of EnerVest Ltd.

    Gulfport Energy CEO to retire

    Jan 29, 2014

    James Palm, CEO of Gulfport Energy Corp. (Nasdaq:GPOR), has announced his intent to retire from the company on February 15, 2014. In addition, Palm will resign from the company's Board of Directors effective February 15, 2014.

    Vortus makes equity commitment to Foreland Resources

    Jan 23, 2014

    Vortus Investments Advisors, a private equity firm focused on providing development capital in the onshore US upstream sector, completed its first investment with a $50 million equity commitment to Foreland Resources LLC on December 30, 2013.

    BreitBurn Energy Partners close Permian acquisitions

    Dec 31, 2013

    BreitBurn Energy Partners LP has completed its acquisition of oil and natural gas properties in the Permian Basin in Texas from CrownRock LP for approximately $282 million.

    LRR Energy appoints new chief accounting officer

    Dec 31, 2013

    LRR Energy LP reports that the board of directors of its general partner has appointed Dawn K. Smajstrla as vice president, controller, and chief accounting officer.

    Regency to acquire midstream assets from Hoover Energy

    Dec 27, 2013

    Regency Energy Partners LP plans to purchase the midstream assets of Hoover Energy Partners LP.

    Peregrine Petroleum enters Anadarko Basin

    Dec 20, 2013

    Texas-based Peregrine Petroleum has completed an acquisition of operated and non-operated assets in Oklahoma's Anadarko Basin.

    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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