Our Blog
Marathon’s STACK Bet
The Bakken, Eagle Ford, Marcellus and Permian Basin get the headlines in the energy industry press, but the STACK (Sooner Trend Anadarko Basin Canadian and Kingfisher Counties) play is getting the attention of investors. Located in Western Oklahoma, Southwestern Kansas, Southeastern Colorado, and part of the Texas Panhandle, the 60,000 square mile area is attractive… Read More
Funding Gap
A recent article in “World Oil” cites a study by international accounting and consulting group, Deloitte, which found that the global oil and gas industry has cut back on capital expenditures (CAPEX) to the point that current reserves and production cannot be maintained. Historically, about 80% of CAPEX has been spent to replace proved reserves.… Read More
Biggest Oil Importer
The title of “World’s Biggest Oil Importer” is a dubious distinction, but one which the U. S. has long held, according to a recent article in “Rigzone”. However, our perennial claim to the title is being threatened by China. In fact, in April of 2015 when U. S. oil production peaked and our imports fell,… Read More
IEA Update
“World Oil” reports that the International Energy Agency (IEA) now predicts global supply and demand being almost in balance by the end of this year. The current oversupply is much smaller than originally estimated, production is lower than anticipated, and demand stronger. The Agency now sees the global oil glut as about 40% smaller than… Read More
DUC to Come Online
There has long been speculation as to the crude oil price necessary for shale operators to frac drilled but uncompleted (DUC) wells, also known as the “fraclog”, and start drilling new wells. According to a recent article in “World Oil”, we now know the answer, at least for one company. With crude prices doubling from… Read More
