Our Blog
Major Oil Export Status for U. S.?
According to a recent article in “World Oil”, at least one consulting firm thinks the U. S. could become a major oil exporter if the current crude export ban is lifted. In a report commissioned by the U. S. Energy Information Administration (EIA), and prepared by Turner, Mason & Co., we could be exporting as… Read More
A View from Austin
Todd Morgan, President of Morgan Capitol Consulting, recently addressed a meeting of the Houston Association of Professional Landmen. Morgan is a legislative liaison, commonly known as a lobbyist, who endeavors to influence legislation on behalf of the energy industry. His remarks covered a number of topics, but his primary emphasis was on fracking, tax cuts… Read More
500,000 bopd ‘Fracklog’?
A recent article in “World Oil” cites analysis by Bloomberg Intelligence which indicates that the ‘fracklog’ (inventory of drilled and cased but uncompleted wells or DUC’s) could total 4,731 wells capable of producing 500,000 barrels of oil per day (bopd). This would be more than the annual production of the nation of Libya. Some industry… Read More
Conoco “All In” on Shale
ConocoPhillips, the third largest oil producer in the U. S., is increasing its investment in North American shale plays by 50% over the next three years, according to a recent article in “World Oil”. While this might seem counter to prevailing trends in the industry, the company is doing so for a number of reasons.… Read More
Deferred Completions to Slow Domestic Supply Growth?
The current contango (expectation that future prices will exceed current ones) that exists in the crude oil market is providing a massive incentive to store oil. A recent article in “World Oil” cites analysis by Genscape Inc. which concludes that as conventional storage facilities near capacity, oil producers are storing oil in their own wells.… Read More
