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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 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

    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

    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.

    WPX Energy adds investor nominee to board

    Dec 23, 2013

    Reuters reports that WPX Energy has added hedge fund shareholder Taconic Capital Advisors LP to its board.

    Dejour’s Canadian Bank renews $3.5M credit facility

    Dec 18, 2013

    Dejour Energy Inc., an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, has renewed its $3.5 million credit facility with the Canadian Western Bank.

    WPX Energy makes changes in leadership

    Dec 17, 2013

    WPX Energy reports that Ralph A. Hill will step down as president, CEO, and board member of the company and that the board of directors has appointed James J. Bender as interim president, CEO, and board member, effective Dec. 31. 

    Newfield updates production, capital outlook for 2014-2016

    Dec 14, 2013

    Newfield Exploration Co. has updated its production and capital investment outlook for 2014-2016, which is expected to yield more than a 20% compound annual growth rate (CAGR) in liquids production and a 25% CAGR in cash flow.

     

     

    Ultra Petroleum prices $450M senior note offering

    Dec 10, 2013

    Ultra Petroleum Corp. has reported on the pricing of its private placement of $450 million aggregate principal amount of 5.75% senior unsecured notes due 2018 at par.

    Ultra Petroleum to offer $400M of senior notes

    Dec 3, 2013

    Ultra Petroleum Corp. intends to offer $400 million in aggregate principal amount of senior unsecured notes due 2018 in a private placement pursuant to exemptions from registration under the Securities Act of 1933.

    Bill Barrett sells natural gas Uinta Basin assets for $371M

    Oct 23, 2013

    In an effort to shed pure gas assets, Bill Barrett Corp. (NYSE: BBG) has agreement to sell its West Tavaputs natural gas property located in the Uinta Basin, Utah to an undisclosed buyer for $371 million.

    Ultra Petroleum takes big step to diversify into oil

    Oct 21, 2013

    Ultra Petroleum Corp. (NYSE: UPL) has signed a definitive purchase and sale agreement to acquire oil-producing properties located in the Uinta Basin in northeast Utah for $650 million.

    Uinta basin crude price discounting

    Sep 17, 2013

    Summit Midstream Partners name new board member

    Aug 15, 2013

    Summit Midstream Partners LP has appointed Robert Wohleber to the board of directors of SMLP's general partner. Wohleber was appointed to the board on August 5, and will serve as a member of the board's conflicts committee, compensation committee and audit committee.

    Dejour Energy Inc. closes C$3.5 million debt facility

    Jun 20, 2013

    Dejour Energy Inc. (NYSE MKT: DEJ / TSX: DEJ), an independent oil and natural gas exploration and production company operating in North America's Piceance Basin and Peace River Arch regions, has closed a fixed-term, interest-only C$3.5 million debt facility due December 2014, with Calgary, Alberta, Canada-based Invico Performance Yield Fund Limited Partnership.

    Financial discipline and efficiencies set WPX Energy apart from its peers

    May 1, 2013

    AN INTERVIEW WITH RALPH A. HILL, PRESIDENT AND CEO OF WPX ENERGY

    Deal pace picking up as companies shuffle portfolios in pursuit of growth

    Apr 1, 2013

    PLS reports that, from February 17th to March 16th, global upstream deal activity totaled $13.1 billion bringing the first quarter 2013 tally (through March 16th) up to $20.2 billion.

    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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