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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

    Unimin begins unit train service to Marcellus region

    Jun 16, 2015

    Unimin Energy Solutions has made the first delivery of frac sands by unit train to its Jerry Run, West Virginia, terminal. Unimin, with partners CSX Railroad and Process Transload, operate a transload and storage facility in the southern Marcellus region.

    Eclipse Resources begins $650 million offering of senior notes

    Jun 12, 2015

    Eclipse Resources Corp. intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

    Williams Partners acquires additional interest in UEO midstream partnership

    Jun 11, 2015

    Williams Partners LP says that its subsidiary Utica Gas Services has completed the acquisition of approximately 13% of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsidiary of EV Energy Partners LP for $357 million.

    EVEP closes Utica East Ohio divestment for $575 million

    Jun 11, 2015

    EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering LLC, for total cash consideration of $575 million. EVEP's net capital contribution to UEO was approximately $294 million. 

    Gulfport acquires additional acreage in Utica shale play

    Jun 10, 2015

    Gulfport Energy Corp. has entered into agreements to acquire additional acreage in the Utica shale play, associated assets and incremental firm transportation commitments from American Energy -- Utica LLC.

    American Energy Appalachia Holdings changes name to Ascent Resources

    Jun 10, 2015

    American Energy Appalachia Holdings LLC is changing its name to Ascent Resources LLC and is transitioning to a stand-alone operating company, fully independent of the broader American Energy Partners LP platform, a process that has been contemplated since the company's founding in September 2013 and that it expects to complete by year’s end. 

    Capstone secures order for 25 microturbines as US markets begin to strengthen in shale plays

    Jun 3, 2015

    Capstone Turbine Corp. has received an order for 25 C65 microturbines to fulfill the continual expansion of existing oil and gas customer fleets in shale plays across the western US, which Capstone considers a clear market indicator that shale gas producers are continuing to focus on increasing efficiency while lowering their operating costs despite the low energy prices.  

    Caiman Energy and Blue Racer Midstream appoint new CEO and CFO

    May 21, 2015

    Stephen Arata has been named CEO of both Caiman Energy II LLC and Blue Racer Midstream LLC, following Jack Lafield’s resignation as CEO of both companies. Lafield will continue to serve as chairman of Caiman Energy II and remains a member of Blue Racer’s board of directors.

    Five years of change for PDC Energy

    May 6, 2015

    The company has sold non-core assets and is focused on developing low-risk, high-return assets in the Wattenberg Field in Colorado

    Pepper Hamilton hires O&G litigation partner and associates

    Apr 23, 2015

    Michael G. Connelly has joined Pepper Hamilton LLP’s Pittsburgh, Pennsylvania, office as a partner in the Commercial Litigation Practice Group. Connelly is joined by two associates, Kevin M. Eddy and Victoria D. Summerfield.

    Jacoby to manage APEG’s shale-related economic development

    Apr 21, 2015

    Mike Jacoby has joined the Appalachian Partnership for Economic Growth to direct economic development related to Ohio’s shale play. The new position was funded by JobsOhio in recognition of the current and future opportunities for attracting new industries and jobs related to the state’s Marcellus and Utica shale resources.

    EIA: US shale production set to record first drop in four years

    Apr 14, 2015

    The US Energy Information Administration’s monthly drilling report, released April 13, says that oil production from US shale plays is expected to decline 45,000 barrels per day (bpd) to 4.98 million bpd in May from 5.02 million bpd in April – marking this as the first such monthly decline seen in over four years.

    EVEP to divest interest in Utica East Ohio for $575M

    Apr 6, 2015

    EV Energy Partners LP has signed a definitive agreement to divest its entire 21% interest in Utica East Ohio Midstream LLC to Utica Gas Services LLC, a subsidiary of Williams Partners LP, for a total cash consideration of $575 million. 

     

    WGL Midstream acquires interest in Mountain Valley Pipeline JV

    Mar 12, 2015

    Mountain Valley Pipeline LLC, a joint venture between affiliates of EQT Corp. and NextEra Energy Inc., says that a subsidiary of WGL Holdings Inc., WGL Midstream, has acquired a 7% ownership interest in the joint venture, and that a subsidiary of Vega Energy Partners Ltd., Vega Midstream MVP LLC, has acquired a 3% interest.

    Eclipse Resources completes $440 million equity raise

    Jan 30, 2015

    Eclipse Resources Corp. has closed its private placement of 62,500,000 shares of common stock. The shares were sold to selected institutional and accredited investors, including affiliates of EnCap Investments LP and entities controlled by members of the company’s management team, at a price of $7.04 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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