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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

    Triumph receives $100M equity commitment from Kayne Anderson

    Jul 13, 2015

    Following the divestment of Mid-Continent assets in Grant and Garfield counties, Oklahoma, the former team of Plymouth Exploration LLC has formed Triumph Energy Partners LLC with a $100 million equity commitment from Kayne Anderson Energy Funds and members of the management team.

    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. 

    AEW updates on notes offerings

    Jun 24, 2015

    American Energy – Woodford LLC (AEW), an affiliate of American Energy Partners LP, has provided an update on the expiration and final results of its private offer to exchange any and all of its outstanding 9.00% senior notes due 2022 held by eligible holders for its new 12.00% second lien notes due 2020.

    AEW provides early participation results for notes exchange offer

    Jun 9, 2015

    American Energy – Woodford LLC (AEW), an affiliate of American Energy Partners LP, has provided the early participation deadline results of its private offer to exchange any and all of its outstanding 9.00% senior notes due 2022 held by eligible holders for its new 12.00% second lien notes due 2020. 

    PetroQuest sells assets, updates borrowing base

    Jun 8, 2015

    PetroQuest Energy Inc. has closed the sale of the majority of its interests in the Woodford and Mississippian Lime for gross proceeds of $280 million. PQ's borrowing base was also revised from $190 million to $70 million, with the lender's commitments fixed at $70 million.

    Tall Oak to expand in STACK play with new gathering and transportation system

    May 29, 2015

    Tall Oak Midstream LLC is constructing a new crude oil gathering, storage, and transportation system designed to serve producers in Oklahoma’s STACK play.

    AEW begins senior notes exchange offer

    May 28, 2015

    American Energy – Woodford LLC (AEW), an affiliate of American Energy Partners LP, has begun a private offer to exchange any and all of the outstanding 9.00% senior notes due 2022 held by eligible holders for newly issued 12.00% second lien notes due 2020.

    Gastar to sell non-core assets in Oklahoma for $46.2 million

    May 6, 2015

    Gastar Exploration Inc. has entered into a purchase and sale agreement to sell certain non-core assets in Oklahoma to an undisclosed private third party for approximately $46.2 million.  

    SandRidge appoints Suter as SVP of production

    Apr 24, 2015

    SandRidge Energy Inc. has appointed John Suter as senior vice president of production, effective April 27.

    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.

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