Our Blog
OK’s STACK and SCOOP
It appears that the emerging consensus in the oil industry is that prices will be “lower for longer”. Consequently, operators are investing their scarce exploration and development capital in plays that offer the prospect of profitability at prices below $40 a barrel. The Delaware Basin of the Permian Basin of West Texas and Southeastern New… Read More
Sand’s Surge
Amid the sea of economic devastation wrought by the crude oil price collapse, there is one small island of prosperity. Fittingly, it is sand. “Rigzone” reports that apparently you can’t pour too much of the stuff down hole when fracking shale reservoirs. Operators keep trying to define the limit as to how much is too… Read More
M & A Revival
When crude oil prices first cratered, many industry observers predicted a flurry of merger and acquisition (M&A) activity as the industry consolidated. A recent article in “Rigzone” contends that this was because potential sellers thought that low prices were a temporary phenomenon and the offers that buyers were tendering were unrealistically low. Now that there… Read More
CO Fracking Initiative
Advances in horizontal drilling and hydraulic fracking made the shale revolution in the U. S. possible. Although fracking is a 1940’s technology, adapting it to shale formations enabled operators to exploit previously known, but uncommercial, reserves in areas such as the Bakken shale in the Williston Basin. Unfortunately, fracking is an emotionally charged issue. The… Read More
Zika and GTL
In previous posts I have talked about the overabundance of natural gas on the domestic market as a consequence of the shale revolution. This surplus gas has predictably led to low prices, which has in turn led operators to search for new markets. Pipeline sales to Northeast Canada and Mexico, liquefied natural gas exports, renewed… Read More
