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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

    Stone Energy to sell non-core GOM shelf properties

    Jul 1, 2014

    Stone Energy Corp. has a definitive agreement to sell its non-core Gulf of Mexico conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash and assumed future undiscounted abandonment liabilities estimated at $117 million. 

    GreenHunter Resources to begin multiple-pipeline project in shale areas

    Jun 30, 2014

    GreenHunter Resources Inc. reports that, through its wholly-owned subsidiary GreenHunter Pipeline LLC, it has executed multiple definitive agreements to have exclusive use of three independent pipelines.

    ICF: Marcellus, Utica shale gas production continues to grow

    Jun 30, 2014

    ICF International has announced its second-quarter 2014 Detailed Production Report. The report provides a complete outlook for US and Canada natural gas, natural gas liquids, and oil production through 2035.

    ETP plans to build Marcellus-Utica pipeline project

    Jun 26, 2014

    Energy Transfer Partners LP plans to build a pipeline to transport natural gas from processing facilities located in the prolific Marcellus and Utica shale areas to numerous market regions in the US and Canada.

    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.

    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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