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Opportunities in Mexico
There is an old saying that as one door closes, another opens. According to a recent article in “World Oil”, this would appear to be the case with oil and gas opportunities in Mexico. The Mexican government has decided to allow foreign investment in energy projects for the first time in almost a century. Last… Read More
LNG Awakens Gas Market
There are many reasons why domestic natural gas prices have been sluggish. However, primary among them is the Marcellus shale which lies beneath Pennsylvania, Ohio, West Virginia and New York. Huge reserves, flexible production rates, and proximity to major markets have all helped the play to act as a damper on gas prices. Even seasonal… Read More
Pipelines Save Permian
The Permian Basin of West Texas and Southeastern New Mexico has seen its share of ups and downs over its long history dating back to the 1920’s. “Rigzone” reports that production from the area the size of the state of South Dakota peaked in 1973 at 2 million barrels of oil per day (bopd), dropped… Read More
Goodrich Sells Interest
“Rigzone” reports that Goodrich Petroleum Corp. is selling assets in LaSalle and Frio counties, Texas, for $118 million. These Eagle Ford shale properties include production averaging 2,850 barrels of oil equivalent per day (75% oil) as well as an undeveloped block. Analysts at Raymond James contend that the value of the reserves was such that… Read More
Utica Upgraded
The Utica shale which lies beneath parts of West Virginia, Kentucky, Pennsylvania, Ohio and New York has long been considered a major shale play. However, according to a recent article in “Rigzone”, a study conducted by West Virginia University has found that Utica’s technically recoverable reserves are much larger than expected. In fact, they rival… Read More
