Our Blog
Exxon’s Permian Strategy
Exxon Mobil, through its domestic shale subsidiary XTO Energy, is taking an innovative approach to structuring deals in the Permian Basin. Since its acquisition of XTO in 2010, the company has been committed to increasing domestic shale production. Shortly after the XTO transaction, Exxon bought Ellora Energy Inc. (Haynesville shale of North Louisiana), as well… Read More
More with Less
Oil rig counts and capital budgets have always been a leading indicator of production levels. While this is still true, a recent article in “World Oil “ contends that the correlation might be changing. The U. S. oil rig count has dropped 59% from its peak last year, but production has fallen only 5%. This… Read More
EIA Cuts Crude Forecast
“Rigzone” reports that the U. S. Energy Information Agency (EIA) now foresees falling crude prices as having a larger impact on domestic oil production than it had previously thought. The agency reduced its 2015 forecast by 1.5% to 9.22 million barrels per day (bpd). Administrator Adam Sieminski predicted that domestic crude production will continue to… Read More
Citigroup Oil Forecast
Many oil and gas producers have been able to mitigate the impact of collapsing oil prices by selling stock or debt to investors, or borrowing in high yield credit markets. “World Oil” quotes Citibank analysts who think this is about to change, with shale operators being the most affected. During the week ended August 28,… Read More
Shale Operators New Swing Producers
For some time now many industry observers have speculated that U. S. shale operators are becoming the new “swing producers” in the world oil market. “World Oil” recently cited remarks by Olivier Appert of the French Committee of the World Energy Council, who has added his voice to the chorus. Until the 1970’s the global… Read More
