Our Blog
Utica Upgraded
The Utica shale which lies beneath parts of West Virginia, Kentucky, Pennsylvania, Ohio and New York has long been considered a major shale play. However, according to a recent article in “Rigzone”, a study conducted by West Virginia University has found that Utica’s technically recoverable reserves are much larger than expected. In fact, they rival… Read More
Refracking Fever
The idea is almost as old as fracking itself. “World Oil” reports that since the 1950’s, operators have been identifying aging wells with diminishing output and blasting them with sand and water to enhance production. What is new is the application of this technique to shale reservoirs. Shale wells are notorious for steep decline curves… Read More
Bullish on Oil Demand
Andrew J. Hall with Astenbeck Capital Management, is widely acclaimed as an oil price guru. “World Oil” reports that he is now predicting that demand in the U. S. and Asia will go “on a tear” and drive oil prices upward later this year and into next. Apparently Hall is undeterred by the prospects of… Read More
New Big Oil Model
“World Oil” reports that in a recent study by investment bank Morgan Stanley and the Boston Consulting Group, the authors state that the major international oil companies need a new business model to increase shareholder returns in today’s price environment. The study maintains that share prices could be increased 50% if their recommendations are implemented.… Read More
Promise of the Wolfcamp Delaware
A recent article in “World Oil” cites a study by consulting group IHS projecting significant upside in the Permian Basin’s Wolfcamp Delaware play. In fact, the report states that the structure has the potential to sustain operators through the current period of depressed prices. However, in order to maintain profitability operators are currently “retreating to… Read More
