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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

    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: US Lower 48 oil economics still robust

    Mar 24, 2015

    Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of production is not at risk in the long term, cash flow and funding limitations could impact activity.

     

    Sanchez engages advisor for possible sale of Mid-Continent assets

    Mar 16, 2015

    Sanchez Production Partners LP has engaged Lantana Energy Advisors to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas.

    Multiple stacked plays in Anadarko Basin

    Mar 11, 2015

    Ingenuity helping Oklahoma shift from pure natural gas plays towards liquids

    Enable Midstream holds open season for Oklahoma expansion capacity

    Mar 2, 2015

    Enable Midstream Partners LP’s wholly owned subsidiary Enable Gas Transmission LLC (EGT) is holding a non-binding open season to allow interested parties an opportunity to obtain new firm interstate natural gas transportation capacity resulting from an expansion of EGT’s Line AD in Oklahoma.

    Long-life basins drive PetroQuest's success

    Feb 11, 2015

    PQ reinvests excess cash-flow from Gulf Coast and GoM in Cotton Valley and Woodford Shale

    WoodMac: 2015 upstream CAPEX to surpass $4B in SCOOP core

    Feb 10, 2015

    Even in the current price environment, the best producing parts of the South-Central Oklahoma Oil Province (SCOOP) are on par with the Eagle Ford and Bakken shale plays, according to Wood Mackenzie’s latest key play analysis.

    Kinder Morgan to acquire midstream position in Bakken shale play

    Jan 22, 2015

    Kinder Morgan Inc. has a definitive agreement whereby KMI will acquire Hiland Partners from its founder, Harold Hamm, and certain Hamm family trusts, for a total purchase price of $3 billion, including the assumption of debt.

    New natural gas gathering and processing system serves STACK play

    Jan 7, 2015

    Tall Oak Midstream LLC reports that initial natural gas gathering operations are underway on the Tall Oak STACK System. The company’s new gas gathering and processing system is designed to serve producers in Oklahoma’s STACK play.

    AENO updates on Oklahoma acquisitions worth $251 million

    Nov 13, 2014

    American Energy – NonOp LLC, an affiliate of American Energy Partners LP, has closed a series of transactions with Double Eagle Energy Holdings LLC and several additional parties to acquire non-operated working interests with 1,800 barrels of net oil equivalent of daily production in the SCOOP and STACK resource plays in southern and central Oklahoma.  

    Continental enters into JV to develop Northwest Cana Woodford shale

    Oct 28, 2014

    Continental Resources Inc. has formed a joint venture with a wholly owned US subsidiary of SK E&S Co. Ltd. to jointly develop a significant portion of Continental's Northwest Cana Woodford natural gas assets, primarily in Blaine and Dewey counties, Oklahoma.

    Tall Oak subsidiary secures $100 million credit facility

    Oct 17, 2014

    Tall Oak Midstream LLC reports that its subsidiary, TOMPC LLC, has secured a $100 million senior credit facility that can be expanded to $150 million.

    Baker Hughes reports well count for third quarter of this year

    Oct 13, 2014

    Baker Hughes Inc. reports that the US onshore well count for the third quarter of 2014 was 9,566 wells, up 110 wells or 1% compared to the second quarter of 2014. Compared to the third quarter of 2013, the well count was up 491 wells or 5%.

    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.

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