• 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

    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.

    DTE Energy, Enbridge, Spectra to develop pipeline connecting Utica Shale gas to US Midwest, Ontario

    Sep 4, 2012

    DTE Energy, Enbridge Inc., and Spectra Energy Corp. have executed a Memorandum of Understanding to jointly develop the NEXUS Gas Transmission system to move growing supplies of Ohio Utica shale gas to markets in the US Midwest, including Ohio and Michigan, and Ontario, Canada.

    Transportation, processing infrastructure critical to Utica Shale growth

    Aug 1, 2012

    With natural gas production in the Utica Shale predicted to reach at least 1.2 bcf/d by the end of 2014 and crude oil production expected to hit 155 Mb/d or higher by 2016, transportation constraints and competition for processing capacity take center stage in the Northeast.

    Drop in NGL pricing pushes 2Q12 deals further towards midstream sector

    Jul 26, 2012

    While mergers and acquisitions deal value in the US oil and gas industry over the past two years had primarily been driven by shale transactions in the upstream sector, deals in the second quarter of 2012 evolved toward midstream deals, particularly gathering and processing targets, according to PwC US.

    Smart Sand, Canadian Pacific partner to supply frac sand by rail

    Jul 18, 2012

    Smart Sand and Canadian Pacific Railway Ltd. have partnered to supply and ship premium, Northern White frac sand to the unconventional oil and gas industry in key North America producing regions.

    Caiman secures $800M in equity commitments for Utica Shale infrastructure

    Jul 10, 2012

    Caiman Energy II LLC has secured $800 million in equity commitments for the development of midstream infrastructure in Ohio and Pennsylvania’s Utica Shale.

    Lower than expected oil, gas mix may shift Ohio Utica focus westward

    Apr 3, 2012

    Recent production data for Utica Shale wells drilled by Chesapeake Energy may be economic, but the lower than expected condensate/oil mix in the eastern Ohio wells may shift the industry focus westward, noted Global Hunter Securities.

    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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