Our Blog
State of the Energy Industry in Texas
The recent North American Prospect Expo featured a panel discussion with several energy experts offering their views on national energy issues. “Rigzone” has a lengthy article on the panel’s remarks, but I found the comments relating to Texas especially interesting. Two of the members of the panel, Christi Craddick, a Texas Railroad Commissioner, and David… Read More
Magnolia Sees Emerging Trend in Oklahoma Development
In an interview with “Rigzone”, Magnolia Petroleum’s Chief Operating Officer, Rita Whittington, reported that Devon is going to drill eight wells per unit on their joint acreage in Oklahoma. These wells will exploit both the Mississippi Lime and the underlying Woodward formation. Magnolia sees this as the logical extension of the same strategy which is… Read More
Occidental Streamlines Operations
According to two recent articles in “Rigzone”, Occidental (Oxy) is selling assets, moving its headquarters, and reconfiguring the company. Oxy is increasingly focusing on the Permian basin in West Texas and New Mexico where it has significant production. Oxy is selling its California unit, the largest gas producer in the state. The Golden State operation… Read More
Shale Competes with Arctic Projects
The February 13 issue of “Rigzone” contains an article entitled “Shale Presents Competition for Arctic Oil, Gas Development”. The headline makes sense when you consider that investors evaluate projects on the basis of perceived risk vs. reward; the lower the risk and the higher the reward, the more likely the project will be funded. Rewards… Read More
OPEC Projects Stronger Oil Demand in 2014
According to an article in “Rigzone” today, OPEC has followed the lead of the U.S. Energy Information Agency (EIA) and projects the demand of crude oil increasing in 2014. Both organizations expect an increase of about 40,000 barrels per day (bopd). While the largest increases in demand still are projected for China and the Middle… Read More
