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

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

MarkWest, EMG reach agreements with Gulfport Energy

Dec 20, 2013

MarkWest Energy Partners and The Energy & Minerals Group (EMG) have executed definitive agreements with Gulfport Energy Corp. to provide stabilization services and potential gathering services for condensate produced within an area that includes Belmont, Harrison, Guernsey, Noble, and Monroe counties, Ohio.

 

TGP awards backhaul capacity to serve Utica, Marcellus shales

Dec 18, 2013

Tennessee Gas Pipeline Co. LLC (TGP), a subsidiary of Kinder Morgan Energy Partners LP, has completed a successful open season for incremental, north to south natural gas transportation capacity on the TGP system totaling 500,000 dekatherms per day.

Kinder Morgan subsidiary to develop new Utica pipeline

Dec 16, 2013

Kinder Morgan Energy Partners LP reports that its subsidiary, Kinder Morgan Cochin LLC, has signed a letter of intent with NOVA Chemicals Corp. to develop a new products pipeline from the Utica shale play.

Magnum Hunter Resources

Dec 12, 2013

In May 2009, Gary C. Evans, chairman and CEO of Magnum Hunter Resources, after a brief respite from the US oil and gas industry due to the sale of his prior company of similar name, reentered the sector.

PDC Energy to spend $469M on Wattenberg in 2014

Dec 10, 2013

PDC Energy Inc. (Nasdaq:PDCE) plans to spend the majority of its 2014 capital budget on organic growth in its core operations in the liquid-rich Wattenberg Field of Colorado, including the horizontal Niobrara and Codell plays, the company noted December 10.

Enterprise Products line-fills ATEX Express pipeline

Dec 6, 2013

Enterprise Products Partners LP reports that the process of injecting ethane into the Appalachia-to-Texas Express (ATEX) pipeline began in late November and will continue throughout December. Commercial service is expected to begin in January.

Sunoco Logistics begins Mariner East 2 open season

Dec 5, 2013

Sunoco Logistics Partners LP has begun a binding open season for its Mariner East 2 project.

Utica condensate routes to Canada

Dec 4, 2013

Output of naphtha range material such as plant condensates and natural gasoline in the Ohio section of the Utica shale is increasing rapidly as new processing and fractionation capacity in the region comes online. Output of field condensate from the wellhead is also expected to take off in 2014. Here, a look at pipeline infrastructure plans to deliver condensates and natural gasoline to Canada as diluent.

Valerus wins contract for Marcellus shale facilities

Nov 18, 2013

Valerus has been awarded a contract from Pittsburgh-based EQT Corp. to provide 15,000 hp of compression for two compression stations in southwest Pennsylvania.

Spectra Energy secures contracts for US Gulf expansion project

Nov 14, 2013

Spectra Energy Corp. and Spectra Energy Partners report that they have executed new long-term contracts for 650,000 dekatherms per day of natural gas shipments on the Texas Eastern pipeline system to support the growing manufacturing sector and liquefied natural gas export industry along the Texas and Louisiana coast.

Kinder Morgan, MarkWest launch binding open season for pipeline

Nov 11, 2013

Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC, a joint venture between MarkWest Energy Partners LP and the Energy and Minerals Group have launched a binding open season to solicit commitments for a proposed Y-grade pipeline project to transport natural gas liquids produced from the Utica and Marcellus shales to Mont Belvieu, Texas.

Natural Resource Group puts down roots in Marcellus region

Oct 15, 2013

Natural Resource Group (NRG), a consulting firm to the energy industry, has created a base of operation in the Marcellus shale play with the opening of a new office in Pittsburgh, Pennsylvania. 

AEU raises $1.7 B for Utica leasehold position

Oct 11, 2013

American Energy – Utica LLC (AEU), an affiliate of American Energy Partners LP, has raised approximately $1.7 billion in private equity commitments and term loan proceeds to pursue a business plan focused on the Utica Shale play in eastern Ohio.

AEU raises $1.7 B for Utica Shale leasehold position

Oct 11, 2013

American Energy – Utica LLC (AEU), an affiliate of American Energy Partners LP, has raised approximately $1.7 billion in private equity commitments and term loan proceeds to pursue a business plan focused on the Utica Shale play in eastern Ohio.

Regency Energy Partners acquires PVR for $5.6 B

Oct 10, 2013

Regency Energy Partners LP and PVR Partners LP report that their respective boards of directors have unanimously approved a definitive merger agreement, pursuant to which Regency will acquire PVR. Following the closing, the name of the combined company will remain Regency, with headquarters in Dallas, Texas.

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