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

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.

American Energy Utica raises nearly 1.7B to acquire, develop Utica shale position

Oct 10, 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.

Vorys law firm opens Pittsburgh office

Oct 8, 2013

Vorys, Sater, Seymour and Pease LLP is strengthening its oil and gas practice by expanding into Pittsburgh and welcoming a team of oil and gas attorneys entrenched in the region's energy industry. Vorys is actively pursuing opportunities in both the Utica and Marcellus shale plays. 

Midstream News

Sep 18, 2013

Rhino reports pricing of public offering of common units

Sep 11, 2013

Rhino Resource Partners LP has priced its previously announced public offering of 1,100,000 common units representing limited partner interests in Rhino at a price to the public of $12.30 per common unit. 

Rhino reports public offering of common units

Sep 10, 2013

Rhino Resource Partners LP reports the commencement of a public offering of 1,100,000 common units representing limited partner interests in Rhino. In connection with the offering, Rhino expects to grant the underwriter a 30-day option to purchase up to 165,000 additional common units.

Fagen acquires Pennsylvania site to better serve clients

Sep 6, 2013

Fagen Inc. is set to take possession of a multi-acre site in Houston, Pennsylvania, to provide equipment storage, tool storage and materials management for current and future projects in the buildout of the Utica/Appalachian Basin and Marcellus fields.

PVR Partners to provide services for Hess in Utica shale

Sep 4, 2013

PVR Partners LP has entered into a definitive agreement with Hess Corp. to construct, own and operate a 45-mile natural gas trunkline and associated gathering pipelines and facilities servicing Hess's lean gas production in the Utica shale play in eastern Ohio.

What will happen to the tsunami of Marcellus, Utica ethane production?

Aug 28, 2013

Over the next three years, the production of natural gas liquids from the Marcellus/Utica could octuple to more than 650 Mb/d. Nothing like that has ever happened in the NGL business before. It has already started. Last month MarkWest officially inaugurated the Appalachian ethane business. From 5 Mb/d today we could see 200 Mb/d by this time next year if the economics to move that much ethane made sense. But they won’t. Because there is nowhere for the additional ethane to go. Already up to 250 Mb/d of US ethane is being rejected – pushed back into natural gas in the Rockies, Midcontinent, and other regions. That number will be getting a lot bigger.  Today we will begin an examination of the ethane tsunami and what it means for NGL markets in the Northeast and in the center of the NGL universe – Mont Belvieu, TX.

Blue Racer Midstream secures $800M credit facility

Aug 22, 2013

Blue Racer Midstream LLC has secured a five-year, $800 million credit facility, which can be expanded to $1 billion in the future.

Prometheus signs LNG supply, services agreement with Antero in Marcellus, Utica

Aug 20, 2013

Prometheus Energy Group Inc., a supplier of liquefied natural gas (LNG) to the oil and gas, mine haul, process industry and remote power generation sectors, has signed an agreement to supply Antero Resources' LNG requirements to power a significant portion of its natural gas fueled drilling rigs in the Marcellus and Utica shales over a multi-year period.

EV Energy Partners to sell Utica shale acres

Aug 12, 2013

EV Energy Partners LP reports that it, along with certain institutional partnerships managed by EnerVest Ltd., has signed an agreement to divest certain acreage in Ohio's Utica shale play for $284.3 million to an undisclosed buyer. 

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