• 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.


    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

    US natural gas output up record amount in March

    Apr 1, 2014

    Spurred on by the top three highest producing days in US history, domestic natural gas production in the Lower 48 states averaged 66.6 billion cubic feet per day (Bcf/day) in March 2014, according to the latest estimates from Bentek Energy, the oil and natural gas analytic unit of Platts.

    SWOP acquires majority interest in Susquehanna Services

    Mar 26, 2014

    Specialty Waste Operating Partners LP has completed the acquisition of a majority interest in Susquehanna Services Inc., a provider of solids processing services for oil and natural gas drilling operations.

    Regency closes merger with PVR Partners

    Mar 24, 2014

    Regency Energy Partners LP and PVR Partners LP have closed Regency’s acquisition of PVR.

    McClendon’s new company raises $2.9 billion

    Feb 21, 2014

    Former Chesapeake CEO Aubrey McClendon’s new oil and gas venture, American Energy Partners, has been raising some $2.9 billion from investors in a bid to acquire and drill acreage in Ohio’s southern Utica shale play.

    American Energy Partners acquires dry gas Utica acreage

    Feb 3, 2014

    American Energy Partners LP, the oil and gas company founded by former Chesapeake Energy co-founder Aubrey McClendon, has acquired 130,000 net acres in the southern portion of the Utica Shale from affiliates of Hess, Exxon Mobil, and privately-held Paloma Partners, reported analysts at Global Hunter Securities (GHS).

    Gulfport Energy CEO to retire

    Jan 29, 2014

    James Palm, CEO of Gulfport Energy Corp. (Nasdaq:GPOR), has announced his intent to retire from the company on February 15, 2014. In addition, Palm will resign from the company's Board of Directors effective February 15, 2014.

    Hess sells Utica dry gas acreage for $924M

    Jan 29, 2014

    Hess Corp. (NYSE: HES) has entered into an agreement to sell approximately 74,000 acres of its dry gas acreage in the Utica Shale to an undisclosed third party for a consideration of $924 million.

    Williams and Williams Partners realign executive responsibilities

    Jan 28, 2014

    Williams and Williams Partners have realigned executive leadership responsibilities to further enhance their operating and commercial capabilities.

    CONSOL Energy appoints new E&P COO

    Jan 23, 2014

    CONSOL Energy Inc. has selected Timothy C. Dugan as the new COO for its Exploration and Production division.

    Fitch removes Regency from Negative Watch; affirms ratings

    Jan 8, 2014

    Fitch Ratings has removed the ratings for Regency Energy Partners LP from Negative Watch. In addition, Fitch has affirmed Regency's ratings with a Stable Outlook.

    Douglas Westwood: Shale-driven pipeline expenditure to hit $22B before 2020

    Jan 1, 2014

    Production from US shale plays is expected to continue growing for the next few years, driving stable investment in pipeline infrastructure.

    Summit to acquire interest in Utica Gathering System from Blackhawk Midstream

    Dec 23, 2013

    Summit Midstream Partners LLC, the privately-held company that owns and controls the general partner of Summit Midstream Partners LP, has executed a definitive agreement with Blackhawk Midstream LLC, to acquire its equity interest in two entities, Ohio Gathering Company LLC and Ohio Condensate Company LLC.

    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.

    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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