Our Blog
Midland Basin Acquisition
“Rigzone” reports that SM Energy will buy Rock Oil Holdings LLC from Riverstone Holdings for $980 million. The transaction will almost double the purchaser’s Permian Basin footprint to about 46,750 net acres with 4,900 barrels of oil equivalent per day (boepd) net production and 6 million barrels of proved developed producing reserves. The acreage is… Read More
Shale Revolutionizes LNG
“Rigzone” reports that the shale revolution flooded the domestic market with so much natural gas that prices fell to a 17 year low. Now shale is revolutionizing the global liquefied natural gas (LNG) market. With all the surplus shale gas in the U. S., operators had to find additional markets. Pipeline exports to Canada and… Read More
Downstream Downturn
“Rigzone” reports that the major integrated oil companies such as Exxon, Total and BP have always had the advantage of using profits from their downstream operations (refining, distribution and marketing) to offset reversals in upstream (exploration and production) when oil and gas prices fall. That is the plan, and for a while it was working… Read More
Statoil Sells Marcellus Interest
“World Oil” reports that for the third time in two years, Norwegian oil and gas producer, Statoil, is involved in asset sales in the southern Marcellus shale in West Virginia. This is part of the company’s strategy to sell non-core, onshore assets in the U. S. In December, 2014 Statoil reduced its working interest in… Read More
Refracturing Success
A recent article in “World Oil” relates encouraging results from refracking gas wells in the Haynesville shale of Southwest Arkansas, Northwest Louisiana, and Northeast Texas. While the article was written by Schlumberger, and reads like an infomercial, it is nevertheless informative and encouraging. Comstock Resources wanted to optimize production from its gas wells in the… Read More
