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Water Solution?
Anything that is too good to be true usually is. Consequently, I read a recent article in “World Oil” with a heavy dose of skepticism. The article, apparently based on a press release from Fairmount Santrol, extolls the virtues of a new proppant transport technology for use in fracking. This new product, SSP 350, apparently… Read More
Small-Scale LNG
When markets are free to innovate and exploit opportunities they tend to do so. A good example is the domestic natural gas market. The shale revolution resulted in extensive reserves of light oil and natural gas. The abundance of natural gas provided a stable supply but the sheer magnitude of reserves exerted downward pressure on… Read More
So Far, So Good?
“Rigzone” reports that the International Energy Agency (IEA) feels that the oil production cutback agreement between OPEC and 11 other producing nations has entered its “probation period.” Nevertheless, preliminary indications are encouraging. Markets are tightening, prices are rising and demand is expected to increase. This could be partially offset by increasing production from parties that… Read More
Exxon Buys Permian Assets
Recent articles in “Oil Voice” and “Rigzone” provide details and perspectives for ExxonMobil’s (XOM) recent purchase of oil and gas assets from the Bass family of Ft. Worth. XOM acquired 275,000 acres of leasehold, 250,000 of which are in the Permian Basin, 3.4 billion barrels of oil equivalent (boe) reserves, and 18,000 boe per day… Read More
New Gas Markets
As a result of the shale revolution, the U. S. is blessed with extensive, easily producible, natural gas reserves. This abundance, and proximity to markets, has enabled producers to react quickly to any surges in demand without prices spiking. However, producers, transporters and utilities are trying to further monetize these reserves by developing new markets,… Read More