An E&P company sought to strategically diversify its portfolio by assessing and identifying high-potential unconventional resources.
The client
A Canadian exploration and production (E&P) company looking to expand beyond its conventional oil and gas reserves.
The situation
The client wanted to enter the unconventional resources market, which was, at the time, characterized by high costs and market hype. Their strategy was to build new capabilities organically, and they required a thorough assessment to pinpoint the best shale gas opportunities in North America.
ADI’s contributions
High-level assessment
Performed an initial assessment of unconventional resources, quickly identifying shale gas as the preferred resource due to its size and economic potential.
Play evaluation
Evaluated several shale gas plays based on key metrics such as gas initially in place, expected ultimate recovery, total costs, and breakeven prices.
Risk and sensitivity analysis
Conducted an in-depth risk assessment and economic sensitivity analysis for three specific basins under various scenarios.
Key outcomes
- Our analysis empowered the client to make a well-informed and timely decision, leading to the successful acquisition of a promising shale gas acreage that is now actively being developed.
More insights
News
Newsletter: Gas prices, Permian bottlenecks, and midstream growth
In the November 2026 edition of the ADI Newsletter, ADI examines the implications of EQT’s acquisition of Range Resources and what the deal could mean for natural gas markets in Appalachia and at the Henry Hub. The newsletter also explores the growing role of oil and gas capabilities in supporting the energy transition, from geothermal […]
Article
Permian’s next bottleneck is basin connectivity
As ADI discussed recently in Trends shaping the U.S. midstream outlook, rising LNG exports, growing power demand from AI data centers, and continued oil and gas production growth are driving a new wave of midstream investment. Much of the industry’s recent focus has been on relieving Permian gas takeaway constraints through projects such as Kinder Morgan’s […]
Article
What EQT–Range means for gas prices
On October 26, 2026, EQT Corporation agreed to buy Range Resources, both Appalachian gas producers, in an all-stock deal valued at $13.84 billion. The combined company produces over 9 billion cubic feet of gas equivalent per day (Bcfe/d), the most of any U.S. gas producer. ADI Analytics’ analysis of how this might impact the outlook […]