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Devon’s STACK Success
According to “World Oil”, the hits keep on coming for Devon Energy Corp. in Oklahoma’s STACK (Sooner Trend Anadarko Basin Canadian and Kingfisher Counties) play. The record setting Pony Express 27-1H well in Southwest Kingfisher County sustained production of 2,100 barrels of oil equivalent per day (boepd), 70% of which was oil. Now, the operator… Read More
Rystad Energy’s Perspective
“Oil Voice” recently published an article by consulting group Rystad Energy in which the authors shared their perspective on the first half of 2016 and their forecast for the second. They note that when oil prices approached $50 per barrel in June, some operators immediately began activating rigs in the most prolific shale areas. Concho… Read More
Morgan Stanley’s Warning
When oil prices collapsed, rigs counts, and ultimately production, followed suit. “World Oil” reports that Morgan Stanley now warns that the reverse might be taking place. The investment banking firm cautions that as prices recover, rig counts and production will increase, threatening any price improvement. Adam Longson, who led the Morgan Stanley analysis, notes that… Read More
DJ Basin Acquisition
“World Oil” reports that U. S. Energy Corp., has agreed to buy 40% of Iron Horse Resources’ farmout to develop three core areas of the Denver Julesberg (DJ) basin’s Wattenberg field, in Weld County, CO. Under the terms of the agreement, U. S. Energy will acquire a working interest and commits to drilling 21 horizontal… Read More
Declining Stripper Production
Stripper wells are defined as those which produce small volumes of oil or gas. An oil well that produces less than 15 barrels of oil equivalent per day (boepd) is considered a stripper. To be classified as an oil stripper, the well must produce less than 6 thousand cubic feet of gas per day (MCF/d)… Read More
