Our Blog
Encana to Sell Interest in Jonah Field in Wyoming
“Rigzone” reports that Canadian producer Encana Corp is selling its interest in the Jonah Field to a TPG Capital unit for $1.8 billion. This includes more than 1,500 wells on 24,000 acres as well as over 100,000 adjacent undeveloped acres. Estimated proven reserves totalled 1,493 billion cubic feet at year end 2013. The sale is… Read More
Eagle Ford Gas Attracts Steelmakers
A recent article in “Rigzone” points out that the Coastal Bend, a 12 county area centered around Corpus Christi, has long been a hub for oil and gas production and processing. However, cheap and abundant Eagle Ford natural gas has now attracted 2 foreign steel makers; The voestalpine Group headquartered in Linz, Austria and Taijin… Read More
Population Boom West of the Mississippi
“Rigzone” reports that America’s energy boom is fueling population growth in oil and gas producing areas. According to 2013 census data, 6 of the 10 fastest growing metropolitan areas and 8 of the 10 fastest growing counties are in energy producing states. Neighboring cities Midland and Odessa, Texas are the second and third fastest growing… Read More
Apportionment
Tuesday I attended a luncheon hosted by ALTA (Association of Lease and Title Analysts). James R. Nicas, an attorney with Steptoe and Johnson gave a presentation on apportionment. Lease royalties can be determined in two ways: apportionment and non-apportionment. The vast majority of states use non-apportionment which means royalty interest is calculated on a tract… Read More
New Bakken Natural Gas Pipeline?
“Rigzone” reports that Dave Goodin, CEO of MDU Resources Group (http://www.mdu.com/ ) revealed that the company is gauging interest in a new pipeline to carry gas from the Bakken Shale to Minnesota. With an estimated cost of $650 million, MDU wants firm commitments from producers before proceeding further. Given relatively low current natural gas prices,… Read More
