Our Blog
Freeze Predicted
“World Oil” reports that Gary Ross, with PIRA Energy Group, predicts that OPEC will agree to a production freeze. He contends that failing to do so would risk the cartel becoming irrelevant. While it would be easy to dismiss Ross’ forecast as overly optimistic, it should be remembered that he is one of the analyst… Read More
Politics and Technology
Legendary oil investor, Boone Pickens, and Harold Hamm, the Chairman of Continental Natural Resources, were the key energy advisors to Donald Trump during the presidential campaign. Accordingly, many industry observers expected the Republican’s victory to result in more projects and development of technology. However, a recent article in “Rigzone” contends that there would have been… Read More
Wolfcamp Riches
There is little doubt that the Permian Basin has become the epicenter of the domestic upstream oil and gas industry. A recent article in “World Oil” reinforces this perception quoting a report by the U. S. Geological Survey (USGS) which estimates that the Wolfcamp formation alone contains 20 billion barrels (Bbbl) in four strata beneath… Read More
RayJ on 3Q16 A&D
Investment Firm Raymond James has issued their report on third quarter Acquisition and Divestiture activity in the upstream oil and gas industry. While the report contains a wealth of detail, and some excellent graphics, I would like to just touch on some of the major points. In general, A&D activity in the third quarter, when… Read More
Pipeline Revival
Throughout the presidential campaign it was clear that Donald Trump wanted less federal involvement in energy and more private investment in infrastructure. “World Oil” reports that his election has resuscitated two major pipeline projects: Energy Transfer Partners’ Dakota Access, and TransCanada’s Keystone XL. Energy industry observers speculate that if the Dakota Access project is not… Read More
