•  
  •  
  •  
  •  
  •  
  • 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

    BakerHostetler expands energy/shale team in Denver office

    Jan 15, 2015

    Energy attorney and geologist Michael P. Joy has joined the Denver, Colorado, office of BakerHostetler as a partner in the Litigation Group and the Energy and Shale team. He comes to BakerHostetler from the Pittsburgh, Pennsylvania, office of Reed Smith LLP.

    American Energy Appalachia Holdings adds CEO to executive leadership

    Jan 14, 2015

    American Energy Partners LP reports that Jeffrey A. Fisher has been named CEO of American Energy Appalachia Holdings LLC (AEA). Completing AEA's executive leadership team are COO John K. Reinhart and CFO Jeffrey A. Agosta. Aubrey K. McClendon will continue as AEA’s chairman of the board. 

    TPH Partners Announces Investment in Laurel Mountain Energy

    Jan 12, 2015

    TPH Partners, a middle-market energy private equity funds manager, has partnered with a management team led by Clark and David Nicklas to form Laurel Mountain Energy LLC, an independent upstream company headquartered in Pittsburgh, Pennsylvania.

    US natural gas production in December hits new record

    Jan 7, 2015

    Natural gas production in the US Lower 48 increased by 2.2 billion cubic feet per day (Bcf/d) during  December 2014, according to Bentek Energy, the Platts oil and gas analytics unit.

    Chesapeake closes Marcellus and Utica sale

    Dec 24, 2014

    Chesapeake Energy Corp. has closed its asset sale to Southwestern Energy Co. and initiatives to further enhance shareholder value.

    Southwestern acquires additional interest in Marcellus, Utica assets

    Dec 24, 2014

    On the heels of its recent Marcellus and Utica asset deal, Southwestern Energy Co. has signed a purchase and sale agreement to acquire an undivided 20% of Statoil's ownership in oil and gas assets in West Virginia and southwest Pennsylvania for a purchase price of approximately $394 million.  

    Southwestern Energy completes acquisition of Marcellus and Utica assets

    Dec 23, 2014

    Southwestern Energy Co. reports that the transaction reported in October with Chesapeake Energy Corp. to acquire certain oil and gas assets in West Virginia and southwest Pennsylvania was closed Dec. 22 at an adjusted purchase price of approximately $4.975 billion. 

    Summit Utica to develop NG gathering system for XTO Energy

    Dec 16, 2014

    Summit Midstream Partners LLC, a privately held company that owns and controls the general partner of Summit Midstream Partners LP (SMLP) and also owns a 49.5% limited partner interest in SMLP, has reached an agreement with XTO Energy Inc. to develop and operate a new natural gas gathering system servicing XTO's natural gas production from Belmont and Monroe counties in southeastern Ohio. 

    Wood Group acquires Swaggart Brothers

    Dec 15, 2014

    Wood Group has acquired Swaggart Brothers – an Oregon-based provider of civil construction and fabrication services to the US oil and gas, industrial, and agricultural sectors – for an initial consideration of $36.3 million with a further payment in 2017 based on future performance.

    Australia struggling to commercialize unconventional resources

    Dec 10, 2014

    Following disappointing results from recent exploration and production activities, Australia needs, now more than ever, a liquids-rich play to begin widespread and commercial unconventional development in the country, said Jonathan Lacouture, a GlobalData upstream analyst covering Asia-Pacific.

    FTSI completes acquisition of J-W Wireline

    Dec 9, 2014

    FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co., increasing FTSI’s wireline capacity more than tenfold and extends wireline service to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica, and Haynesville shale plays; and various mid-continent plays.

    AEMN raises $500M to acquire ORRIs in onshore US basins

    Dec 2, 2014

    American Energy Minerals Holdings LLC (AEMN), an affiliate of American Energy Partners LP, has raised $500 million in equity commitments to pursue a business plan focused on the acquisition of minerals and overriding royalty interests (ORRIs) across targeted high-return onshore basins in the US.

    Eastern gas basis: pipeline pain or gain?

    Nov 17, 2014

    Takeaway capacity additions and their impact on basis prices

    GCA: Falling oil price to have uneven effect on US unconventional plays

    Nov 11, 2014

    Falling oil prices will have an uneven effect across US unconventional plays based on the qualities of reservoirs within any given play, Gaffney Cline & Associates said in a recent report, noting there exists a complex relationship between the pace of shale production and falling futures prices for light, sweet crude oil.

    US ethane exports ‘imminent’ amid flood of supply from shale plays

    Nov 11, 2014

    US ethane production, forecast to reach 2.5 million barrels per day (b/d) by 2024, will cause supply to exceed domestic demand, making exports “imminent,” according to a report from Bentek Energy, an analytics and forecasting unit of Platts.

     

    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

    OGFJ Webcasts

    There is no current content available.