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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

    EQT to construct header pipeline for Range Resources

    Jul 24, 2015

    EQT Midstream Partners LP has entered into a definitive agreement with Range Resources – Appalachia LLC to construct a natural gas header pipeline in southwestern Pennsylvania to support Range’s dry Marcellus and Utica development.

    EIA forecasts US shale production to fall 91,000 b/d next month

    Jul 14, 2015

    Next month, shale oil production in the US is forecast to decline 91,000 barrels per day (b/d) to 5.36 million b/d, according to the US Energy Information Administration’s (EIA’s) latest Drilling Productivity Report.  

    MPLX and MarkWest agree to merge, creating fourth-largest MLP

    Jul 13, 2015

    MPLX LP and MarkWest Energy Partners LP have signed a definitive merger agreement whereby MarkWest would become a wholly owned subsidiary of MPLX. The merger would create the fourth-largest master limited partnership based on a market capitalization of $21 billion.

    MLP & Utica consolidation lead US activity while Canada sees year's first billion-dollar deal

    Jul 8, 2015

    PLS reports that the US upstream deal markets are showing further signs of recovery, driven by continuing Utica and MLP consolidation and strong deal flow by a number of companies in the Arkoma Basin.

    Gastar closes sale of non-core Oklahoma assets

    Jul 6, 2015

    Gastar Exploration Inc. has completed the sale of certain non-core assets in Oklahoma to an undisclosed private third party for a total of $46.1 million of net proceeds. 

    Columbia Pipeline Group spins off from NiSource

    Jul 2, 2015

    On July 1, NiSource separated Columbia Pipeline Group into a stand-alone publicly traded company. Each NiSource shareholder at the time of the separation received one share of Columbia Pipeline Group for each share of NiSource.

    Magnum Hunter to sell interest in Eureka Hunter pipeline, pay down debt

    Jun 25, 2015

    Magnum Hunter Resources Corp. intends to monetize 100% of its 45.53% interest in the Eureka Hunter pipeline, according to commentary from Wunderlich Securities Inc.

    CPG to invest $2.7B in Mountaineer and Gulf XPress projects

    Jun 25, 2015

    Columbia Pipeline Group Inc., a subsidiary of NiSource Inc., will invest $2.7 billion in new infrastructure projects to support the continued development of gas supplies in the Marcellus and Utica shale regions. 

    Blue Racer Midstream provides update on operations in Utica, Marcellus

    Jun 24, 2015

    Over the course of the past year, Blue Racer’s processed volumes have more than tripled to their current level of 650 MMcf/d, while total gathered volumes, including lean gas, have more than doubled to over 825 MMcf/d.

    Kinder Morgan begins binding open season for Utica Marcellus Texas Pipeline

    Jun 18, 2015

    Kinder Morgan Inc. has launched a binding open season to solicit commitments for the proposed Utica Marcellus Texas Pipeline, which would transport liquids produced from the Utica and Marcellus producing basins to delivery points along the Texas Gulf Coast, including connectivity to a Kinder Morgan dock.

    Unimin begins unit train service to Marcellus region

    Jun 16, 2015

    Unimin Energy Solutions has made the first delivery of frac sands by unit train to its Jerry Run, West Virginia, terminal. Unimin, with partners CSX Railroad and Process Transload, operate a transload and storage facility in the southern Marcellus region.

    Eclipse Resources begins $650 million offering of senior notes

    Jun 12, 2015

    Eclipse Resources Corp. intends to offer $650 million in aggregate principal amount of senior unsecured notes due 2023 in a private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended.

    Williams Partners acquires additional interest in UEO midstream partnership

    Jun 11, 2015

    Williams Partners LP says that its subsidiary Utica Gas Services has completed the acquisition of approximately 13% of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsidiary of EV Energy Partners LP for $357 million.

    EVEP closes Utica East Ohio divestment for $575 million

    Jun 11, 2015

    EV Energy Partners LP has closed the sale of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services LLC, a subsidiary of Williams Partners LP, and M3 Ohio Gathering LLC, for total cash consideration of $575 million. EVEP's net capital contribution to UEO was approximately $294 million. 

    Gulfport acquires additional acreage in Utica shale play

    Jun 10, 2015

    Gulfport Energy Corp. has entered into agreements to acquire additional acreage in the Utica shale play, associated assets and incremental firm transportation commitments from American Energy -- Utica LLC.

    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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