Our Blog
Apache to Sell Non-Core Assets
In February of this year, Apache announced it would sell its interests in Argentina. In May, the company indicated its intention to divest its share of two development projects and 11 deep water blocks in the Gulf of Mexico. In June, it announced the disposition of assets in Western Canada, and a month later its… Read More
BBVA: TX OK 2 $70
BBVA Compass Bank sees the Texas economy as relatively unaffected at current crude prices according to a recent article in “Rigzone”. The bank attributes this resilience to the diversification of the Texas economy, especially in urban areas such as Houston. While the Bayou City is still the energy capital of the world, it has become… Read More
Greyrock to Build GTL Facility
“Rigzone” reports that Greystone Energy, backed by a consortium of investors led by Sterling Private Capital and Eagle Oil and Gas, will build a small gas-to-liquids (GTL) plant near Houston. The facility will be operational by the end of 2015 and will be capable of converting natural gas, or natural gas liquids (NGL) into diesel… Read More
Halcon Cuts Drilling Effort in Response to Price Drop
“Rigzone” reports that Halcon Resources Corp., which operates in the Bakken and Eagle Ford shales, is revising its drilling budget in response to recent decreases in the price of crude oil. While original plans called for an 11 rig program in 2015, the company now anticipates only 6. Not all Bakken operators are following suit… Read More
New Texas Railroad Commission Regulations for Disposal Wells
Back on August 29 of this year I posted on our blog (https://rudyenergy.com/texas-railroad-commission-proposes-disposal-well-rules-change/ ) the proposed revisions to the Texas Railroad Commission (TRRC) Regulations empowering it to: -Require applicants for new disposal wells to search the U. S. Geological Survey seismic database for historical earthquakes in the area. -Curtail or shut-in operations of existing disposal… Read More
