Our Blog
Permian Driving M&A Activity
“Rigzone” reports that 25% of worldwide merger and acquisition (M&A) activity relates to deals involving the Permian Basin of West Texas and Southeast New Mexico. Skip York, with Wood Mackenzie, refers to this frenzy of activity as “Permian Panic” among operators who are afraid of missing out on the action and not being able to… Read More
Bearish Traders
“World Oil” reports that of 15 traders and executives interviewed, all but one see oil prices mired in the $40-$60 range for the next year. The global oversupply seems to be a continuing problem. As Arzu Azimov of Socar Trading observed, “The issue is that once prices go up too fast, American drillers start to… Read More
Apache’s Home Run
“Rigzone” reports that Apache Corp. has scored a major operational and financial success with a recent discovery in the highly prospective Delaware Basin of Southeast New Mexico and West Texas. The company has a 300,000 net acre position in the “High Alpine” field, primarily located in Reeves County, Texas. The field is estimated to contain… Read More
A View from the TRC
David J. Porter, Chairman of the Texas Railroad Commission (TRC) addressed the September meeting of the Houston Association of Professional Landmen yesterday. Porter talked about his background, events that led to the most recent boom/bust cycle, the factors that contribute to a successful oil and gas play, and positive developments. Finally, in response to a… Read More
Microbes to the Rescue
From drilling to refining, chemistry has long played a pivotal role in the oil and gas industry. Now, according to an article in “Rigzone”, its sister science, biology, appears poised to play a major part as well. Advances in genetic engineering, genome sequencing, and imaging have resulted in major advances in a number of areas. … Read More
