• 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.


    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

    Piceance/Uinta Tight Gas

    Piceance/Uinta Description ImageThe Piceance and Uinta basins are in northeastern Utah and northwestern Colorado. Both the Piceance and Uinta are tight gas resources plays. The primary target of gas development has been the Williams Fork formation, of Cretaceous age, in the Mesaverde group. The Williams Fork is a several-thousand-foot thick section of shale, sandstone, and coal deposited in a coastal plain environment. The formation has long been known to contain natural gas. However, the sandstone reservoirs have low permeability and limited areal extent, which made gas wells uneconomic in the past.

    Key players in the Piceance and Uinta resource plays include Chevron, Encana, ExxonMobil, Noble Energy, Bill Barrett Corp., Antero Resources, Delta Petroleum, Laramie Energy, and Harvest Natural Resources – to name just a few.

    Piceance/Uinta Map


    Piceance/Uinta News

    Legacy Reserves closes WPX transaction

    Jun 5, 2014

    Legacy Reserves LP has closed on its purchase of an escalating working interest in over 2,680 natural gas wells in the Piceance Basin from WPX Energy. Legacy purchased an initial 29% working interest that steps up to 37% on Jan. 1, 2015, then 41% on Jan. 1, 2016, for $355 million in cash.

    Nations signs LOI to create JV with Indigo Resources

    May 30, 2014

    Bakken Energy Corp. reports that its wholly owned subsidiary Nations Oil and Gas has signed a letter of intent with Indigo Resources Ltd. to set up a joint venture to access assets in oil and gas related properties in the Uinta Basin.

    Bakken Energy subsidiary signs LOI to acquire Green River refinery

    May 16, 2014

    Bakken Energy Corp., formerly Orofino Gold Corp., reports that its wholly owned subsidiary, Nations Oil and Gas, has signed a letter Intent with Green River Refinery LLC  to acquire its Green River oil refinery in southern Utah.

    Legacy Reserves strikes alliance with WPX

    May 6, 2014

    Legacy Reserves LP (Nasdaq:LGCY) has formed a strategic alliance with WPX Energy Inc. (NYSE:WPX) through a pending Piceance Basin acquisition for $355 million in cash consideration plus a portion of Legacy's newly-created Incentive Distribution Units.

    SMLP closes Red Rock drop-down acquisition

    Mar 19, 2014

    Summit Midstream Partners LP reports that its wholly owned subsidiary, Grand River Gathering LLC, has closed the previously announced acquisition of Red Rock Gathering Co. LLC from a subsidiary of Summit Midstream Partners LLC for $305 million.

    Summit Midstream Partners reports $305M drop-down acquisition

    Mar 11, 2014

    Summit Midstream Partners LP reports that its wholly owned subsidiary, Grand River Gathering LLC, has agreed to acquire 100% of the equity interests in Red Rock Gathering Co. LLC from a subsidiary of Summit Midstream Partners LLC for $305 million.

    Bakken Energy acquires Nations Oil & Gas

    Mar 6, 2014

    Bakken Energy Corp., formerly Orofino Gold Corp., has acquired Nations Oil & Gas Corp., a newly formed Nevada-based company, with major lease holdings in the Uinta Basin, Central Utah, and surrounding locations throughout Utah. 

    Price River Terminal ships first unit train of Uinta crude

    Feb 25, 2014

    Global One Transport Inc. has reported the shipment of the first unit train of Uinta Basin crude from its Price River Terminal crude-by-rail facility.

    Dejour’s Colorado LOI lapses

    Feb 20, 2014

    Dejour Energy Inc. advises that the letter of intent signed on December 12, 2013, pertaining to certain Colorado oil and gas properties has lapsed.

    ORFG signs LOI to acquire Nations Oil and Gas

    Jan 31, 2014

    Orofino Gold Corp., which is changing its company name to Bakken Oil and Gas, has signed a letter of intent (LOI) to acquire Nations Oil and Gas LLC.

    Dejour Energy extends LOI on Colorado assets

    Jan 30, 2014

    Dejour Energy Inc. has granted a 10-day extension to its letter of intent for the completion of due diligence related to the creation of a strategic joint venture partnership with a private energy company (SECO) to develop Dejour’s Colorado oil and gas assets.

    Dejour Energy makes leadership changes

    Jan 17, 2014

    Dejour Energy Inc. has made certain changes to its operating team and board of directors. The company reports the retirement of Harrison Blacker as president, COO, and member of the board since 2008, effective Jan. 15.

    Kurz joins WPX Energy board of directors

    Jan 9, 2014

    WPX Energy reports that Karl F. Kurz has been elected to the company’s board of directors.

    Savage to provide Williston, Uinta crude transportation via truck

    Jan 8, 2014

    Savage is expanding services at its terminals in the Uinta and Williston basins to include crude transportation via truck.

    Dejour’s balance sheet receives C$770K infusion

    Dec 26, 2013

    Dejour Energy Inc., an independent exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, will close a non-brokered private placement for up to 7 million shares at a price of C$0.11 per share.

    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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