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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

    Woodbine/Eaglebine

    There is a new oil play to watch in southeast Texas that may be of interest to those fascinated by the Eagle Ford.

    Madison, Leon, and Grimes counties, just above the Buda lime is an organic rich, laminated sand section that some operators refer to as the 'Lower Woodbine.’ The zone is equivalent to the Lower Eagle Ford of South Texas, but the rock is different, and perhaps more challenging.

    The play contains a higher clay content than the Eagle Ford, lower reservoir pressure, and an under-pressured upper zone which may require an extra string of pipe. The clay is non-swelling and thus less problematic; workable, lower pressure zones exist in parts of the Eagle Ford; and the cost of extra pipe may be partly offset by a shallower depth overall.

    On the eastern edge of the Eagle Ford, closer to Austin and Houston where the Eagle Ford meets the Woodbine, is what is knows as the Eaglebine. Generally, the Eaglebine is located below the Austin Chalk and above the Buda Limestone.

     

    More Unconventional News

    New Gulf Resources adds to management team

    Oct 3, 2014

    New Gulf Resources LLC (NGR) has hired two new members to augment its management team. Danni Morris, former treasurer of WPX Energy Inc., will become NGR's CFO, and Michael Brown, former vice president of geology with Sandridge Energy Inc., will be NGR's senior vice president of geology and geophysics. 

    Eagle Ford update

    Sep 10, 2014

    EOG Resources remains largest acreage holder

    Hawkwood Energy acquires assets in East Texas

    Jul 3, 2014

    Hawkwood Energy LLC, an independent upstream oil and gas company, has acquired producing and non-producing assets in Brazos, Leon, Madison, and Robertson counties, Texas. These assets establish the company as a significant player in the emerging Eagle Ford and Woodbine plays in East Texas.

    Laredo Energy secures $130M to support Texas drilling program

    May 28, 2014

    Laredo Energy has secured a total of $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings, which is managed by Old Ironsides Energy LLC.

    NGR closes financing, acquires East Texas assets

    May 15, 2014

    New Gulf Resources LLC (NGR) has closed a $500 million financing transaction to support the acquisition of a key East Texas asset and for corporate purposes.

    Lucas Energy appoints new board chairman

    Nov 15, 2013

    Lucas Energy reports that Ken Daraie has been appointed as chairman of the company’s board of directors. 

    Dale resigns as Lucas Energy CFO

    Oct 2, 2013

    William J. Dale, CFO of independent oil and gas company Lucas Energy Inc. (NYSE MKT: LEI), has left the company to pursue other interests.

    Lucas Energy has agreement with Ironman for energy capital

    Sep 5, 2013

    Lucas Energy Inc., an independent oil and gas company with its main operations in Texas, has entered into an agreement with Ironman Capital Management LLC for two of its energy sector funds to purchase a total of approximately $3.33 million of the company's common stock.

    ZaZa CEO buys shares to fund Eagle Ford acquisitions

    Aug 26, 2013

    ZaZa Energy CEO Todd Brooks has acquired 1.5 million shares worth $1.38 million in a private placement of common stock. The money will be used to fund acreage acquisitions in the company’s eastern Eagle Ford and Eaglebine regions.

    ZaZa Energy announces new agreement for Moulton assets

    Jul 4, 2013

    ZaZa Energy LLC, a wholly owned subsidiary of ZaZa Energy Corp. (NASDAQ: ZAZA) has entered into a new purchase and sale agreement with an independent third party to sell approximately 10,300 net acres of its properties in Fayette, Gonzalez and Lavaca counties, Texas, which ZaZa refers to as its Moulton properties in the Eagle Ford shale play.

    Woodbine/Eaglebine Shale News

    New Gulf Resources adds to management team

    Oct 3, 2014

    New Gulf Resources LLC (NGR) has hired two new members to augment its management team. Danni Morris, former treasurer of WPX Energy Inc., will become NGR's CFO, and Michael Brown, former vice president of geology with Sandridge Energy Inc., will be NGR's senior vice president of geology and geophysics. 

    Eagle Ford update

    Sep 10, 2014

    EOG Resources remains largest acreage holder

    Hawkwood Energy acquires assets in East Texas

    Jul 3, 2014

    Hawkwood Energy LLC, an independent upstream oil and gas company, has acquired producing and non-producing assets in Brazos, Leon, Madison, and Robertson counties, Texas. These assets establish the company as a significant player in the emerging Eagle Ford and Woodbine plays in East Texas.

    Laredo Energy secures $130M to support Texas drilling program

    May 28, 2014

    Laredo Energy has secured a total of $130 million in private equity commitments from Avista Capital Partners and Liberty Energy Holdings, which is managed by Old Ironsides Energy LLC.

    NGR closes financing, acquires East Texas assets

    May 15, 2014

    New Gulf Resources LLC (NGR) has closed a $500 million financing transaction to support the acquisition of a key East Texas asset and for corporate purposes.

    Lucas Energy appoints new board chairman

    Nov 15, 2013

    Lucas Energy reports that Ken Daraie has been appointed as chairman of the company’s board of directors. 

    Dale resigns as Lucas Energy CFO

    Oct 2, 2013

    William J. Dale, CFO of independent oil and gas company Lucas Energy Inc. (NYSE MKT: LEI), has left the company to pursue other interests.

    Lucas Energy has agreement with Ironman for energy capital

    Sep 5, 2013

    Lucas Energy Inc., an independent oil and gas company with its main operations in Texas, has entered into an agreement with Ironman Capital Management LLC for two of its energy sector funds to purchase a total of approximately $3.33 million of the company's common stock.

    ZaZa CEO buys shares to fund Eagle Ford acquisitions

    Aug 26, 2013

    ZaZa Energy CEO Todd Brooks has acquired 1.5 million shares worth $1.38 million in a private placement of common stock. The money will be used to fund acreage acquisitions in the company’s eastern Eagle Ford and Eaglebine regions.

    ZaZa Energy announces new agreement for Moulton assets

    Jul 4, 2013

    ZaZa Energy LLC, a wholly owned subsidiary of ZaZa Energy Corp. (NASDAQ: ZAZA) has entered into a new purchase and sale agreement with an independent third party to sell approximately 10,300 net acres of its properties in Fayette, Gonzalez and Lavaca counties, Texas, which ZaZa refers to as its Moulton properties in the Eagle Ford shale play.

    Lucas Energy names key board, management additions

    Jun 28, 2013

    Lucas Energy, Inc. (NYSE MKT: LEI), an independent oil and gas company with its main operations in Texas, has announced two key additions to its leadership team. Fred S. Zeidman has been appointed a member of the board of directors and will serve as a member of the Audit and Compensation committees. In addition, Michael M. Sagan has joined the company as vice president of operations.

    Demand for oil assets running strong while demand for gas assets remains selective

    Jun 11, 2013

    PLS reports that from April 17 to May 16, 2013, the pace of US oil and gas deal activity is returning to normal with 45 deals for $2.1 billion while Canada activity remains sluggish with 10 deals for $240 million.

    First Woodbine well for SM Energy a rousing success, say analysts

    Apr 15, 2013

    Denver, CO-based SM Energy Co. (NYSE: SM) has completed an exploratory test well in San Jacinto County, in the Woodbine formation in East Texas.

    Halcón to issue shares, receives Stifel ‘Hold’ rating

    Jan 18, 2013

    In connection with its acquisition of entities owning oil and gas assets in the Williston Basin, Halcón Resources announced Jan. 17 that its stockholders have approved the issuance of approximately 108.8 million shares of Halcón common stock.

    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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