• 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.


    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

    Woodford Shale

    Woodford Shale ImageLocated in southeastern Oklahoma, the Woodford shale play has been drilled for about 10 years. Only the Barnett shale in Texas has been producing natural gas longer than the Woodford shale. Devon Energy drilled the first well into the Woodford shale formation in 2005, and since then numerous petroleum companies have acquired acreage and launched their own drilling programs. Current estimates are that the Woodford shale holds approximately 4 tcf of natural gas.

    Of the numerous companies drilling in the Woodford shale, Houston-based Newfield Exploration and Oklahoma City-based Devon are the largest producers. Both companies have sold off much of their offshore assets in the Gulf of Mexico and elsewhere in order to focus their attention on unconventional resources such as the Woodford and other shale plays

    Woodford Shale Map

    Woodford Shale News

    Wood Mackenzie comments on Springer shale play

    Oct 7, 2014

    Wood Mackenzie analysts comment that the Springer shale play, more commonly referred to as the Goddard shale play, is expected to grow inventory and reserves for operators already drilling in the Woodford shale play in the South-Central Oklahoma Oil Province (SCOOP).

    Bravo acquires Arkoma Basin assets for $250M

    Sep 26, 2014

    Bravo Natural Resources LLC has entered into a purchase and sale agreement with Canaan Natural Gas PE Funds. Bravo will acquire producing and gathering assets in the Arkoma Basin of southeast Oklahoma for an all-cash consideration of $250 million.  

    American Energy–Woodford begins senior notes offering of $325M

    Sep 4, 2014

    American Energy–Woodford LLC, an affiliate of American Energy Partners LP, intends to offer $325 million of senior unsecured notes due in 2022 in an unregistered offering exempt from the registration requirements of the Securities Act of 1933.

    Tall Oak to construct gathering and processing system in shale play

    Jun 26, 2014

    Tall Oak Midstream LLC plans to build a natural gas gathering and processing system in the Central Northern Oklahoma Woodford (CNOW) shale play.

    FPL partners with PetroQuest in Woodford shale play

    Jun 25, 2014

    Florida Power & Light Company is partnering with PetroQuest Energy Inc. on a new venture to develop up to 38 natural gas production wells in the Woodford shale play in southeastern Oklahoma.

    The mystery of the SCOOP in Oklahoma

    Jun 19, 2014

    A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the next big thing in US crude production, but it seems to have a lot going for it. Here, a look at SCOOP, its potential for crude production, and the E&P companies chasing the dream.

    Enable Midstream signs natural gas transportation agreements

    Jun 11, 2014

    Enable Midstream Partners LP has signed several natural gas transportation services agreements and will upgrade its Cox City natural gas processing facility located in Grady County, Oklahoma.

    EIA: Five states, GOM produce over 80% of US crude oil

    Mar 31, 2014

    Five states and the Gulf of Mexico supplied more than 80%, or 6 million barrels per day, of the crude oil (including lease condensate) produced in the United States in 2013. Texas alone provided almost 35%, according to preliminary 2013 data released in EIA's March Petroleum Supply Monthly.

    AEW raises $680M to acquire shale acreage

    Feb 25, 2014

    American Energy - Woodford LLC, an affiliate of American Energy Partners LP, has raised $500 million in equity commitments and secured $180 million in bank borrowings to pursue a business plan focused on the Woodford Shale/Mississippi Lime combination play.

    BNK Petroleum sells Woodford assets to accelerate Caney formation drilling

    Mar 18, 2013

    BNK Petroleum Inc. has entered into a Purchase and Sale Agreement with XTO Energy Inc. for the sale by BNK US of its Tishomingo Field, Oklahoma assets other than the Caney and upper Sycamore formations, for US$147.5 million.

    M&A Activity impacted by oil and gas price volatility

    Jul 1, 2012

    PLS Inc. reports that US deal activity slowed in late May and early June as WTI oil prices rapidly descended to the low $80s from the $100+/bbl range in place since mid-February.

    Cardinal Midstream brings third plant online in Woodford shale

    Apr 3, 2012

    Cardinal Midstream, LLC has brought its third cryogenic processing plant online in the Arkoma Woodford shale.

    Woodford Shale and Cana-Woodford: High bcfe wells with attractive economics

    Jul 1, 2011 The first commercial oil well from the Woodford Shale in Oklahoma was drilled in 1939. Since then, more than four million barrels of oil have been extracted from the formation.

    Antero Resources closes Oklahoma Midstream sale to Cardinal

    Nov 8, 2010

    Antero Resources has closed the sale of its midstream assets, located in the Woodford Shale area, to Cardinal Midstream LLC for $270 million.

    Antero Resources to sell Woodford shale midstream assets for $268 million

    Oct 1, 2010

    Antero Resources has entered into definitive agreements to sell its midstream assets located in the Woodford Shale area of the Arkoma Basin of Oklahoma to affiliates of Cardinal Midstream LLC for $268 million in cash. 

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