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CO2 Based Enhance Oil Recovery
In spite of the recent drop in oil prices, operators are still extracting as many barrels as economically feasible from known reserves. “Rigzone” has recently run a three part series on Enhanced Oil Recovery (EOR). The following is a synopsis of the first segment on CO2 injection. After primary (e.g. pumping) and secondary (e.g. waterflood)… Read More
BBVA: TX OK 2 $70
BBVA Compass Bank sees the Texas economy as relatively unaffected at current crude prices according to a recent article in “Rigzone”. The bank attributes this resilience to the diversification of the Texas economy, especially in urban areas such as Houston. While the Bayou City is still the energy capital of the world, it has become… Read More
Greyrock to Build GTL Facility
“Rigzone” reports that Greystone Energy, backed by a consortium of investors led by Sterling Private Capital and Eagle Oil and Gas, will build a small gas-to-liquids (GTL) plant near Houston. The facility will be operational by the end of 2015 and will be capable of converting natural gas, or natural gas liquids (NGL) into diesel… Read More
Shell to Continue Asset Sales Despite Recent Price Declines
In spite of recent drops in crude oil prices, Shell persists in pursuing its goal of $15 billion in asset sales by the end of 2015, according to a recent article in “Rigzone”. Upstream director, Andrew Brown told reporters “We do have a continuous need to recycle our portfolio. Fifteen billion (dollars) is still only… Read More
Halcon Cuts Drilling Effort in Response to Price Drop
“Rigzone” reports that Halcon Resources Corp., which operates in the Bakken and Eagle Ford shales, is revising its drilling budget in response to recent decreases in the price of crude oil. While original plans called for an 11 rig program in 2015, the company now anticipates only 6. Not all Bakken operators are following suit… Read More
