Our Blog
Discovery Recovery
“World Oil” reports that consulting group Wood Mackenzie predicts a revival in oil and gas exploration. Unfortunately, at this point, any signs of life would constitute a revival. When oil prices collapsed, operators slashed budgets and exploration was especially hard hit. When struggling to survive, exploration is the one place you can cut costs without… Read More
New Gas Markets
As a result of the shale revolution, the U. S. is blessed with extensive, easily producible, natural gas reserves. This abundance, and proximity to markets, has enabled producers to react quickly to any surges in demand without prices spiking. However, producers, transporters and utilities are trying to further monetize these reserves by developing new markets,… Read More
Induced Seismicity
In an article in “World Oil”, author William J. Pike discusses the issues around induced seismicity (man-caused earthquakes). While it is a current topic of discussion, recent studies indicate that it is really nothing new. An article in the Houston Chronicle by Alicia Chang cites studies by the USGS and the University of Texas at… Read More
Shale Haunts OPEC
OPEC, like all oil producers, is enjoying the recent run-up in prices as a result of their plans to cutback production in concert with Russia. However, an article in “Rigzone” addresses the obvious question: How will U. S. shale operators react? In 2014, the shale revolution resulted in new production hitting crude markets and exerting… Read More
Japan Imports First Shale LNG
Tokyo based JERA Company, the world’s largest importer of LNG (Liquefied Natural Gas), is a joint venture between Tokyo Electric Power and Chubu Electric Power. “Rigzone” reports that last week JERA announced that it has received its first cargo of liquefied shale gas. The shipment of 70,000 tons (3.45 billion cubic feet) left Cheniere Marketing… Read More
