Our Blog
New BP Shale Unit
Today “Rigzone” reported that BP is establishing a separate onshore unit to improve the competitiveness of its U.S. shale gas portfolio. Many large oil companies feel that their shale assets have not performed as well as expected, and BP hopes that the new unit will expedite decisions and compress the elapsed time from concept to… Read More
High Hopes for the Tuscaloosa Marine Shale
According to an article in “Rigzone” today, Amite County, Mississippi lies at the epicenter of the Tuscaloosa Marine Shale. This is not new news as drillers have known about the formation for years and have penetrated it en route to deeper objectives. What is new is that modern fracing and horizontal drilling are now making… Read More
Shale Competes with Arctic Projects
The February 13 issue of “Rigzone” contains an article entitled “Shale Presents Competition for Arctic Oil, Gas Development”. The headline makes sense when you consider that investors evaluate projects on the basis of perceived risk vs. reward; the lower the risk and the higher the reward, the more likely the project will be funded. Rewards… Read More
Unconventional Oil and Gas
Ali Moshiri is President of Chevron-Africa and Latin America- Exploration and Production. Earlier today he addressed the Houston Chapter of the American Petroleum Institute. While his remarks were specifically about unconventional energy plays in Argentina, he articulated principles which transcend borders. Unconventional energy includes shale gas and tight oil reservoirs. Unconventional projects do not make… Read More
Oil & Gas in Pennsylvania – Finally!!
Although the modern day oil and gas industry began over 100 years ago in Pennsylvania, mineral and royalty interest owners in the Keystone State have forlornly watched all these years as their fellow mineral interest owners in nearly twenty other states received the royalty payments year in and year out from the various oil companies.… Read More
