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

Utica shale boom brings $19B in investment to Ohio

Apr 10, 2014

Moving beyond the leasing of oil and gas mineral rights and into the midstream and downstream phases of oil and gas development, Ohio is seeing a large influx of capital related to Utica shale development.

EV Energy Partners, JV partners to drill 186 Utica wells this year

Apr 9, 2014

Houston, TX-based EV Energy Partners plans to drill roughly 186 wells in the Utica Shale with joint venture partners Chesapeake Energy and Total.

Duvernay - The Golden Canadian diluent play?

Apr 8, 2014

Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

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.

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