Our Blog
Bakken to Surpass 1 Million Barrels per Day Milestone
Research and consulting group Wood Mackenzie projects that the Bakken and Three Forks shale will produce 1.1 million barrels of oil per day (bopd) during 2014, according to a recent article in “Rigzone”. Oil production is forecast to pass the 1 million bopd mark in June and ultimately peak at 1.7 bopd in 2020. However,… Read More
Apache Part of an Emerging Trend?
According to a recent article in “Rigzone”, Apache Corp. plans to sell natural gas assets in Western Alberta and British Columbia for $374 billion in order to concentrate on more lucrative liquids production. This comes on the heels of Encana’s sale of gas assets for the same reason. The Apache sale involves dry gas wells… Read More
Encana to Sell Interest in Jonah Field in Wyoming
“Rigzone” reports that Canadian producer Encana Corp is selling its interest in the Jonah Field to a TPG Capital unit for $1.8 billion. This includes more than 1,500 wells on 24,000 acres as well as over 100,000 adjacent undeveloped acres. Estimated proven reserves totalled 1,493 billion cubic feet at year end 2013. The sale is… Read More
Eagle Ford Gas Attracts Steelmakers
A recent article in “Rigzone” points out that the Coastal Bend, a 12 county area centered around Corpus Christi, has long been a hub for oil and gas production and processing. However, cheap and abundant Eagle Ford natural gas has now attracted 2 foreign steel makers; The voestalpine Group headquartered in Linz, Austria and Taijin… Read More
Population Boom West of the Mississippi
“Rigzone” reports that America’s energy boom is fueling population growth in oil and gas producing areas. According to 2013 census data, 6 of the 10 fastest growing metropolitan areas and 8 of the 10 fastest growing counties are in energy producing states. Neighboring cities Midland and Odessa, Texas are the second and third fastest growing… Read More
