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WoodMac’s View
In a recent report cited by “Rigzone”, consulting firm Wood Mackenzie (WoodMac) shared its outlook for independent domestic oil and gas operators. In the document, WoodMac lays out its ciriteria for short and long term success and how some individual companies measure up. Oil prices and debt are the two most important considerations for WoodMac.… Read More
Experimental Frack
The Gas Technology Institute (GTI) and BHP Billiton Petroleum are teaming up to drill a Hydraulic Fracture Test Site 2 (HFTS2) well in Reeves County, Texas, according to “World Oil”. The well is within the Delaware Basin of the Permian area and will target the Wolfcamp formation. The test will take place over a 12… Read More
Private Agreement
It is not unprecedented for public figures to publicly articulate one position, while privately holding a different opinion. In a recent article in “Oil Voice”, Paul Hodges seems to think this is the case with Saudi Energy Minister, Khalid al-Falih. In a recent meeting of global energy leaders, al-Falih stated that international oil market fundamentals… Read More
Chesapeake’s “Propageddon”
Chesapeake Energy Corp. recently set a new record by pumping more than 25,000 tons of sand down a well in North Lousiana’s Haynesville shale, according to “World Oil”. This record volume of sand was used in a frac job on the company’s Black 2&11-15-11 1H gas well with a 9,764 foot lateral leg. Jason Pigott,… Read More
Downside of Oil Rally
“World Oil” reports that for the first time in 16 months, natural gas prices have finally broken the $3 per Mcf (thousand cubic feet) barrier. Record demand as a result of an unusually hot summer, pipeline sales to Mexico, liquefied natural gas (LNG) exports, and fuel substitution from coal to natural gas, have all helped. … Read More
