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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

    Utica Shale

    Utica Shale Description ImageThe Utica shale formation is one of the newest natural gas discoveries in North America. It is located in New York state and the Canadian province of Quebec, along the St. Lawrence River Valley. Some geologists have suggested the gas-bearing formation extends as far south as Pennsylvania. The other major shale formation in this area is the better-known Marcellus shale.

    Estimates of natural gas deposits in the formation range from a low of about 2 trillion cubic feet (tcf) to a high of 60 to 70 tcf. At this time, most companies active in the Utica shale are drilling exploratory wells on the Canadian side of the border because the state of New York has been reluctant to grant drilling permits to date. Some production rates have tested up to 1 million cubic feet per day.

    Utica Shale Map

    Utica Shale News

    Eclipse Resources prices IPO

    Jun 20, 2014

    Eclipse Resources Corp. has priced its initial public offering of 30,300,000 shares of common stock at $27.00 per share. The shares are expected to begin trading on the New York Stock Exchange on June 20 under the ticker symbol “ECR.”

    EQT and NextEra Energy begin Southeast pipeline project

    Jun 15, 2014

    EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc. have begun a non-binding open season for the Mountain Valley Pipeline project, which is expected to connect Marcellus and Utica natural gas supply to demand markets in the Southeast region of the US.

    AELP affiliates acquire acreage in Utica and Marcellus shale plays

    Jun 11, 2014

    American Energy–Utica LLC and American Energy–Marcellus LLC, affiliates of American Energy Partners LP, have signed agreements to acquire acreage and production in the Utica and Marcellus shale plays, respectively.

     

     

    Patterson-UTI Energy to acquire pressure pumping operations

    Jun 10, 2014

    Patterson-UTI Energy Inc. reports that one of its subsidiaries has entered into an agreement to acquire the East Texas-based pressure pumping operations of a privately held company. 

    MarkWest and EMG to expand fractionation complex

    Jun 5, 2014

    MarkWest Energy Partners LP and the Energy & Minerals Group plan to add additional capacity at their Hopedale fractionation and marketing complex in Harrison County, Ohio, in order to meet growing natural gas liquids production in the Utica and Marcellus shale plays under new contracted commitments from numerous producer customers.

    Summit subsidiary to acquire interest in Ohio Gathering JV

    Jun 3, 2014

    Summit Midstream Partners LLC (Summit Investments), the privately held company that owns and controls the general partner of Summit Midstream Partners LP, and MarkWest Energy Partners LP report that a subsidiary of Summit Investments has exercised its option to acquire a 40% equity interest in Ohio Gathering Company LLC and Ohio Condensate Co. LLC (together, Ohio Gathering) from affiliates of MarkWest and the Energy & Minerals Group. 

    Moving Marcellus, Utica gas to the Southeast – Part three

    May 28, 2014

    The southern half of the Eastern Seaboard is a logical market for the natural gas surplus that will be flowing out of the Marcellus/Utica in coming years. Annual gas consumption in the fast-growing Maryland-to-Florida region now tops 8.7 Bcf/d and is rising quickly, largely due to the ongoing shift from coal-fired to gas-fired power generation. In this episode of our series on moving gas out of the Marcellus/Utica, we look at pipeline projects Williams and others are planning to transport gas to Southeast consumers.


    Spectra’s plans to move Marcellus and Utica gas

    May 28, 2014

    Surging natural gas production volumes in the Marcellus/Utica will need to move in just about every direction. No single market—not the Northeast, the Midwest, the Southeast, or even the Gulf Coast—is big enough to absorb it all.In this, the first of several company-by-company episodes on who is planning what, we examine Spectra Energy’s plans to add at least 2 Bcf/d of new Marcellus/Utica takeaway capacity by 2017, and maybe another 2 or 3 Bcf/d by the end of the decade.

    Utica East Ohio complex to undergo major expansion

    May 13, 2014

    Access Midstream Partners LP reports a major expansion of the Utica East Ohio midstream service complex in eastern Ohio.

    Stone Energy prices common stock offering

    May 9, 2014

    Stone Energy Corp. has priced a registered underwritten public offering of 5 million shares of its common stock at a price to the public of $41.00 per share.

    Recent legal developments in the roaring Utica shale

    May 8, 2014

    Ohio’s Utica Shale has been one of the hottest shale plays in the nation over the past six to nine months and in the midst of the impressive amount of activity (both from a transactional and operational standpoint) practitioners (and their clients) are dealing with several recent court decisions that have had and will continue to have impacts on the development of this play.

    Utica shale boom brings $19B in investment to Ohio

    Apr 10, 2014

    Moving beyond the leasing of oil and gas mineral rights and into the midstream and downstream phases of oil and gas development, Ohio is seeing a large influx of capital related to Utica shale development.

    EV Energy Partners, JV partners to drill 186 Utica wells this year

    Apr 9, 2014

    Houston, TX-based EV Energy Partners plans to drill roughly 186 wells in the Utica Shale with joint venture partners Chesapeake Energy and Total.

    Duvernay - The Golden Canadian diluent play?

    Apr 8, 2014

    Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

    US natural gas output up record amount in March

    Apr 1, 2014

    Spurred on by the top three highest producing days in US history, domestic natural gas production in the Lower 48 states averaged 66.6 billion cubic feet per day (Bcf/day) in March 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts.

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