Our Blog
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
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
