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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

    Ohio Supreme Court: Issuance of a drilling permit not appealable to OOGC

    Feb 1, 2013

    On January 30, 2013, the Ohio Supreme Court ruled that the Ohio Oil and Gas Commission "patently and unambiguously lacks" the statutory jurisdiction to hear an appeal from the issuance of a drilling permit by the Chief of the Ohio Division of Oil and Gas Resources Management. 

    Gulfport Energy gets price target increase on Utica expectations

    Jan 28, 2013

    Based on increased Utica expectations, SunTrust Robinson Humphrey Inc. is raising its price target on the company.

    SunTrust: More certain of Utica economics after recent trip

    Jan 28, 2013

    SunTrust Robinson Humphrey Inc. reported Jan. 25 that, after spending four days in the Utica shale play, its confidence in much of the play has increased, based on continued high initial production rates, limited expected depletion, improved spacing, and declining wells costs.

    Hess budgets $2.7 billion for unconventional plays in 2013

    Jan 14, 2013

    Hess Corp. has announced a 2013 exploration and production budget of $6.7 billion, of which 40% will be dedicated to unconventional oil and gas plays.

    Whoville, the big new NGL hub in Marcellus, Utica? (aka, Houville)

    Dec 14, 2012

    Houville is the center of an emerging Marcellus/Utica based NGL hub soon to take its place among the largest in North America.  

    Gulfport Energy Reports monster Utica Shale well in Ohio

    Nov 28, 2012

    Gulfport Energy Corp. reported test results on its Shugert 1-12H well in the Utica Shale and announced first sales through the MarkWest Energy Partners LP Harrison County gas processing complex.

    Antero to sell Piceance Basin assets to redeploy capital to Marcellus, Utica projects

    Nov 5, 2012

    Denver, CO-based Antero Resources has entered into an agreement to sell all of its natural gas and pipeline assets in the Piceance Basin to a private company for $325 million in cash plus the assumption of all of Antero’s Rocky Mountain firm transportation obligations.

    Utica vs. Eagle Ford

    Nov 1, 2012

    Analysts say that the Utica Shale, which is nearly equal to the size of the Eagle Ford play in Texas, could become the third-largest shale play in the United States, producing as much as 250,000 to 500,000 barrels of oil a day.

    Utica Shale Development: How do early-stage characteristics equate to other North American shale plays?

    Oct 16, 2012

    Analysts say that the Utica Shale, which is nearly equal to the size of the Eagle Ford play in Texas could become the third-largest shale play in the United States, producing as much as 250,000 to 500,000 barrels of oil a day.

    Marathon, Harvest Pipeline to jointly develop truck-to-barge project for Utica, Marcellus production

    Oct 11, 2012

    Marathon Petroleum Corp. and Harvest Pipeline Company signed a letter of intent on Sept. 27, agreeing to jointly develop infrastructure that will facilitate transportation of hydrocarbon liquids production from the Utica Shale in eastern Ohio and western Pennsylvania.

    USGS says Utica Shale development could require 127,500 wells

    Oct 10, 2012

    The drilling and oilfield services industry should be pleased with the first assessment of oil and gas reserves in the Utica Shale play by the US Geological Survey, which indicates that extraction of the reserves would take approximately 110,000 wells in the gas window and another 17,500 wells in the oil window.

    First USGS assessment of Utica Shale puts shale gas resources at 38 tcf

    Oct 8, 2012

    The Utica Shale contains about 38 trillion cubic feet of undiscovered, technically recoverable natural gas (at the mean estimate) according to the first assessment of this continuous (unconventional) natural gas accumulation by the US Geological Survey. 

    IHS: Too early to determine ‘sweet spots,’ but Utica Shale important US liquids-rich resource

    Oct 3, 2012

    According to a recent report from IHS, although it is still premature to conclude that the Utica/Point Pleasant Shale play in Ohio and western Pennsylvania will be as productive as the Eagle Ford Shale in Texas, the Utica is in many ways analogous to the Eagle Ford and early drilling results are encouraging.

    Norse Energy looks for buyer for Marcellus, Utica prospective acreage

    Sep 28, 2012

    Norse Energy Corp. has engaged Albrecht & Associates Inc. to represent the company in the sale of Marcellus and Utica prospective acreage in New York.

    Chesapeake agrees to sell Permian, midstream and certain Utica assets for $6.9B

    Sep 12, 2012

    Chesapeake Energy Corp. has entered into multiple agreements to sell the vast majority of its Permian properties, substantially all of its midstream assets and certain noncore leasehold for total net cash proceeds of approximately $6.9 billion.

    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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