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Domestic Reserves Increase
“Rigzone” cites data recently released by the U. S. Energy Information Administration (EIA) indicating that proved oil and natural gas reserves reached record levels in 2014 as a result of the shale revolution. The drilling boom of the last decade, driven by high prices, horizontal drilling, and advances in hydraulic fracturing has transformed the domestic… Read More
A Former Diplomat Comments
Edward Djerejian served as a diplomat in eight administrations and is currently the director of Rice University’s Baker Institute for Public Policy. A recent article in “World Oil” reports his remarks as a speaker at the annual meeting of the Independent Petroleum Association of America. According to Djerejian, the Saudis are trying to protect their… Read More
Oxy Sells Bakken Acreage
“Rigzone” reports that Occidental Petroleum Corp. is selling roughly 300,000 acres in North Dakota’s Bakken shale. While Oxy is not strapped for cash, the sale will enable the company to remain cash neutral during the current industry downturn and concentrate on other plays. The Bakken assets were sold for $500 million to a private equity… Read More
New OK Gas Plant
“World Oil” reports that Asset Risk Management (ARM), in partnership with Highbridge Principal Strategies, will build gas gathering, gas processing and crude gathering facilities in the STACK area of Oklahoma. The Kingfisher Midstream project will provide infrastructure to area operators and support expanded production in Kingfisher, Blaine, Logan, Garfield and Canadian counties. Facilities are expected… Read More
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
