Our Blog
Wolfcamp Riches
There is little doubt that the Permian Basin has become the epicenter of the domestic upstream oil and gas industry. A recent article in “World Oil” reinforces this perception quoting a report by the U. S. Geological Survey (USGS) which estimates that the Wolfcamp formation alone contains 20 billion barrels (Bbbl) in four strata beneath… Read More
RayJ on 3Q16 A&D
Investment Firm Raymond James has issued their report on third quarter Acquisition and Divestiture activity in the upstream oil and gas industry. While the report contains a wealth of detail, and some excellent graphics, I would like to just touch on some of the major points. In general, A&D activity in the third quarter, when… Read More
Pipeline Revival
Throughout the presidential campaign it was clear that Donald Trump wanted less federal involvement in energy and more private investment in infrastructure. “World Oil” reports that his election has resuscitated two major pipeline projects: Energy Transfer Partners’ Dakota Access, and TransCanada’s Keystone XL. Energy industry observers speculate that if the Dakota Access project is not… Read More
Gas Output to Drop
“Rigzone” reports that the U. S. Energy Information Administration (EIA) recently predicted that natural gas production in 2016 will drop for the first time since 2005. Back then, hurricanes Katrina and Rita damaged Gulf Coast energy infrastructure. That severely impacted natural gas production as 20% of dry gas output came from the Gulf of Mexico… Read More
Why Future is Bright for LNG
In a recent article in “Oil Voice”, author Patrik Farkas presents the reasons that he thinks the U. S. will soon became a dominant player in the global LNG (Liquefied Natural Gas) market. Since Farakas is Hungarian, he understandably views the world from a European perspective. This is important however, as Europe is emerging as… Read More
