•  
  •  
  •  
  •  
  •  
  • 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

    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.

    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.

    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

    OGFJ Webcasts

    There is no current content available.