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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

    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.

     

    Sunoco Logistics to invest $2.5B for Mariner East 2

    Nov 7, 2014

    Sunoco Logistics Partners LP reports a successful open season for Sunoco Pipeline LP’s Mariner East 2 project, the second phase of the company’s broader plan to provide critical pipeline transportation from the Marcellus and Utica shale plays.

    FTSI to acquire J-W Wireline

    Nov 4, 2014

    FTS International has signed a definitive agreement to acquire J-W Wireline Co., a subsidiary of J-W Energy Co., which is an independent cased-hole wireline company in North America.

    Rover pipeline now fully subscribed

    Oct 31, 2014

    Energy Transfer Partners LP has secured additional long-term binding shipper agreements on its Rover natural gas pipeline project to connect Marcellus and Utica shale supplies to markets in the Midwest, Great Lakes, and Gulf Coast regions of the US and Canada.

    EnLink Midstream LLC drops down E2 entities to Enlink Midstream Partners LP

    Oct 22, 2014

    EnLink Midstream Partners LP has acquired equity interests in E2 Appalachian Compression LLC and E2 Energy Services LLC from EnLink Midstream LLC for total consideration of $193 million, including a cash payment of $163 million and approximately 1.0 million ENLK units.

    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.

    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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