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Gas Output to Drop
“Rigzone” reports that the U. S. Energy Information Administration (EIA) recently predicted that natural gas production in 2016 will drop for the first time since 2005. Back then, hurricanes Katrina and Rita damaged Gulf Coast energy infrastructure. That severely impacted natural gas production as 20% of dry gas output came from the Gulf of Mexico… Read More
Why Future is Bright for LNG
In a recent article in “Oil Voice”, author Patrik Farkas presents the reasons that he thinks the U. S. will soon became a dominant player in the global LNG (Liquefied Natural Gas) market. Since Farakas is Hungarian, he understandably views the world from a European perspective. This is important however, as Europe is emerging as… Read More
Oxy’s Permian Purchases
Two years ago Occidental Petroleum Corporation (OXY) spun off its California properties and moved its corporate headquarters from Los Angeles to Houston as part of a strategy to focus on the Permian Basin of West Texas and Southeast New Mexico. “Oil Voice” now reports the latest step in the implementation of this strategy: https://rudyenergy.com/anadarkos-3-ds/purchase of… Read More
Anadarko’s 3 D’s
Anadarko Petroleum Corp sees its future in the Delaware Basin, DJ Basin and the Deepwater Gulf according to a recent article in “Rigzone”. The Delaware Basin is a subset of the Permian Basin of West Texas and Southeast New Mexico, and is arguably the hottest oil and gas play in the U. S. Anadarko is… Read More
WoodMac’s View
In a recent report cited by “Rigzone”, consulting firm Wood Mackenzie (WoodMac) shared its outlook for independent domestic oil and gas operators. In the document, WoodMac lays out its ciriteria for short and long term success and how some individual companies measure up. Oil prices and debt are the two most important considerations for WoodMac.… Read More
