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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

    Southwestern Energy acquires Marcellus and Utica assets

    Oct 17, 2014

    Southwestern Energy Co. has signed a purchase and sale agreement with Chesapeake Energy Corp. to acquire certain oil and gas assets covering  413,000 net acres in West Virginia and southwest Pennsylvania targeting natural gas, natural gas liquids, and crude oil contained in the Upper Devonian, Marcellus, and Utica shale plays for $5.375 billion. The transaction is expected to close by year’s end.

    Chesapeake to sell Marcellus and Utica shale assets for $5.375B

    Oct 16, 2014

    Chesapeake Energy Corp. has executed a purchase and sale agreement to sell assets in the Southern Marcellus shale play and a portion of the Eastern Utica shale play in West Virginia to Southwestern Energy Co. for aggregate proceeds of $5.375 billion.

    Mountain Valley Pipeline moves forward with secure capacity commitments

    Oct 8, 2014

    Mountain Valley Pipeline LLC, a joint venture between affiliates of EQT Corp. and NextEra Energy Inc., reports that, through its current open season, it has secured 2 Bcf per day of firm capacity commitments at 20-year terms for the Mountain Valley Pipeline project. In order to accommodate continued shipper interest, the binding open season was extended until Oct.10.

    AELP hires Reinhart as COO of AEU and AEM

    Sep 30, 2014

    American Energy Partners LP (AELP) has hired John K. Reinhart as the COO for its affiliates American Energy – Utica LLC (AEU) and American Energy – Marcellus LLC (AEM). 

    NiSource to form NG pipeline, midstream and storage MLP

    Sep 29, 2014

    NiSource Inc. plans to file a registration statement for an initial public offering of common units representing limited partner interests in a new master limited partnership to be named Columbia Pipeline Partners LP.

    Total sells midstream Utica assets to group of Korean companies

    Sep 24, 2014

    Total’s affiliate, Total E&P USA, has signed an agreement to sell its 25% interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale play, to E1 Corp. and a consortium led by Samchully, both from Korea, for $400 million plus an estimated price adjustment of $50 million. 

    MarkWest Utica EMG and Ohio Gathering sign agreements with AEU

    Sep 23, 2014

    MarkWest Utica EMG LLC and Ohio Gathering Co. LLC have completed definitive agreements with American Energy – Utica LLC to provide natural gas gathering, processing, and fractionation services in the Utica shale play in Ohio.

    Torrent partners with CSL Capital Management

    Sep 23, 2014

    Torrent Energy Services LLC and CSL Capital Management have executed definitive agreements that will provide Torrent with growth capital to accelerate its business plan.

    Esmark to convert Ohio mill to support Marcellus and Utica shale production

    Sep 10, 2014

    Esmark Inc., a diversified holding company with interests in steel manufacturing and distribution, oil and gas exploration and production, and real estate services, is converting the former Ohio Cold Rolling Co. steel finishing mill in Yorkville, Ohio, into a tri-modal industrial services terminal to support companies engaged in oil and gas exploration and production in the Marcellus and Utica shale plays.

    Wellsite Rental Services expands to Marcellus and Utica regions

    Sep 9, 2014

    Wellsite Rental Services, a rental equipment provider for the drilling and production sectors of the oil and gas industry, is partnering with Deep Well Services to serve the Marcellus and Utica regions.

    Kinder Morgan begins binding open season for UTOPIA project

    Sep 5, 2014

    Kinder Morgan Energy Partners LP has launched a binding open season to solicit commitments for the Utica To Ontario Pipeline Access (UTOPIA) project, which will provide opportunities to transport ethane and ethane-propane mixtures from the prolific Utica shale area.

    EQT and NextEra announce Mountain Valley Pipeline JV

    Sep 4, 2014

    EQT Corp. and NextEra US Gas Assets LLC, an indirect, wholly owned subsidiary of NextEra Energy Inc., report the formation of a joint venture, Mountain Valley Pipeline LLC, that will construct and own the Mountain Valley Pipeline.

    EnLink to build new Utica pipeline and related facilities

    Aug 19, 2014

    The EnLink Midstream companies – EnLink Midstream Partners LP and EnLink Midstream LLC – plan to construct a new 45-mile, 8-inch condensate pipeline and six natural gas compression and condensate stabilization facilities that will service major producer customers in the Utica shale play, including Eclipse Resources.

    Carrizo Oil & Gas CFO retires; new CFO named

    Aug 13, 2014

    Carrizo Oil & Gas Inc. reports that Paul F. Boling, vice president, CFO, secretary, and treasurer, has retired, effective Aug. 11. In connection with Boling's retirement, Carrizo has named David L. Pitts as its new CFO and treasurer, in addition to his current roles.

    Regency and AE-MIDCO Enter Into Joint Venture

    Aug 7, 2014

    Regency Energy Partners LP and American Energy – Midstream LLC (AE-MidCo) have entered into a joint venture agreement for the construction and operation of Regency’s previously announced Utica Ohio River Project.

    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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