Our Blog
Statoil Sells Marcellus Interest
“World Oil” reports that for the third time in two years, Norwegian oil and gas producer, Statoil, is involved in asset sales in the southern Marcellus shale in West Virginia. This is part of the company’s strategy to sell non-core, onshore assets in the U. S. In December, 2014 Statoil reduced its working interest in… Read More
Refracturing Success
A recent article in “World Oil” relates encouraging results from refracking gas wells in the Haynesville shale of Southwest Arkansas, Northwest Louisiana, and Northeast Texas. While the article was written by Schlumberger, and reads like an infomercial, it is nevertheless informative and encouraging. Comstock Resources wanted to optimize production from its gas wells in the… Read More
LNG Market
“Rigzone” reports that spot prices for liquefied natural gas (LNG) have risen by almost 50% since falling to a decade low in April. Prices had been plagued by oversupply, but production outages and unanticipated demand have driven them back up. However, analysts at Bloomberg predict that the market cannot sustain these prices for the long… Read More
Second Half, Second Thoughts
Many industry observers predicted that in the second half of 2016 prices would rise and oil companies would experience better times. However, according to an article in “Rigzone” many oil and gas operators are not betting on a rally. Last year, July was a brutal month with prices dropping 21% and some fear that history… Read More
Oversupply Redefined
The consensus in the oil industry has been that the global glut of crude has depressed prices. However, now that inventories are falling, so are prices. This seems contrary to the law of supply and demand. Is this a refutation of the longstanding relationship between the two? According to a recent article in “World Oil”,… Read More
