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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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

Industry Briefs

Jul 18, 2014

Permian gearing up for increased output

Jul 18, 2014

The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

Unconventional play upside potential

Jul 18, 2014

The most promising growth may lie in the Permian

Cimarex targets Permian, Mid-Continent

Jul 18, 2014

Objective is best after-tax return on invested capital

American Energy – Permian Basin prices $1.6B of senior notes

Jul 17, 2014

American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has priced its offering of $350 million of floating rate senior unsecured notes due 2019, $650 million of 7.125% senior unsecured notes due 2020, and $600 million of 7.375% senior unsecured notes due 2021.  

OWL increases Permian portfolio through acquisition

Jul 15, 2014

Oilfield Water Logistics, a Natural Gas Partners portfolio company providing fluid management services to the energy industry, has acquired the saltwater disposal (SWD) well and pipeline infrastructure of Midland, Texas-based AggieTech Operating LLC. 

Baker Hughes gives second-quarter well count

Jul 14, 2014

Baker Hughes Inc. reports that the US onshore well count for the second quarter of 2014 was 9,394 wells, up 428 wells or 5% compared to the first quarter of the year. Compared to the second quarter of 2013, the well count was up 383 wells or 4%.

NGL adds additional water disposal facilities in Eagle Ford and Permian

Jul 10, 2014

NGL Energy Partners LP has added five new saltwater disposal facilities, which include a total of six recently completed disposal wells, for a cumulative cost of $83 million.

KKR and Riverstone Holdings to form Trinity River Energy

Jul 10, 2014

KKR and Riverstone Holdings LLC report the signing of a definitive agreement to merge the existing assets held by KKR Natural Resources Funds with the assets of Legend Production Holdings LLC to create Trinity River Energy LLC.

BridgeTex holds open season for additional pipeline commitments

Jul 10, 2014

Magellan Midstream Partners LP and Occidental Petroleum Corp. report that BridgeTex Pipeline has launched a supplemental open season for additional transportation commitments on the pipeline.

EIA: Six formations responsible for surge in Permian production

Jul 9, 2014

The Permian Basin in Texas and New Mexico is the nation's most prolific oil producing area. Six formations within the basin have provided the bulk of Permian's 60% increase in oil output since 2007.

American Energy – Permian Basin to offer $1.4 billion of senior notes

Jul 9, 2014

American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, intends to offer $1.4 billion of senior unsecured notes, in three series due in 2019, 2020, and 2021, in an unregistered offering to institutional investors.

Rockwater Energy Solutions purchases NeoHydro

Jul 9, 2014

Rockwater Energy Solutions Inc., a water management and environmental solutions provider to the oilfield industry, has purchased Neohydro Corp., a provider of water treatment technology to the oil field since 2007.

Parsley Energy joins Russell indexes

Jul 1, 2014

Parsley Energy Inc. has been added to the broad market Russell 3000, small-cap Russell 2000, and Russell Global indexes, along with appropriate style, sector, and country indexes, effective after the market close on June 27, in association with Russell Investments’ annual reconstitution of its comprehensive set of US and global equity indexes.

Texas running one-quarter of all drilling rigs

Jun 30, 2014

With 889 rigs currently operating, Texas is running 47% of the 1,873 drilling rigs currently operating within the US, according to Baker Hughes data published June 26.

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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