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Unconventional Oil and Gas
Ali Moshiri is President of Chevron-Africa and Latin America- Exploration and Production. Earlier today he addressed the Houston Chapter of the American Petroleum Institute. While his remarks were specifically about unconventional energy plays in Argentina, he articulated principles which transcend borders. Unconventional energy includes shale gas and tight oil reservoirs. Unconventional projects do not make… Read More
Oil Briefly Exceeds $100 per Barrel
The price of benchmark U.S. crude for March delivery briefly exceeded $100 per barrel Friday, and closed at $99.88 according to an article in “Rigzone”. Unexpectedly strong demand for gasoline, lower than anticipated supplies of distillates such as diesel and heating oil, and a reinvigorated stock market all contributed to the surge in crude prices.… Read More
Encouraging News from the CNG Front
Earlier this week while in Lafayette, my good friend Steve Romero with Pro-Log told me about a natural gas filling station. I asked Steve if it was a CNG (compressed natural gas) or LPG (liquefied petroleum gas-e.g. propane or butane) station and related my long standing fascination with the prospects of CNG as a transportation… Read More
ExxonMobil Increases Domestic Acreage Position
The February 3, 2014 issue of “Rigzone” reports that in separate deals in the liquids rich Permian Basin and the gas prone Utica shale, ExxonMobil is increasing its commitment to domestic exploration and production. Through its subsidiary, XTO, an agreement with Endeavor Energy Resources has been reached, committing ExxonMobil to funding development of the Wolfcamp… Read More
Energy Industry Reacts to State of the Union Speech
The January 29 issue of “Rigzone” included a synopsis of President Obama’s State of the Union Address and the industry’s reaction to the energy aspects of the speech. The President correctly pointed out that for the first time in two decades, the United States is producing more oil than it imports. What he failed to… Read More
