Our Blog
New Market for Our LNG
With extensive reserves, prolific and flexible production, and depressed prices, domestic natural gas operators are aggressively seeking new markets. One new outlet is exports of LNG (liquefied natural gas). On April 26, a cargo of U. S. LNG was delivered to the Port of Sines in Portugal. Western Europe has the infrastructure to import, gasify… Read More
Implications of $50 Oil
Crude oil’s recent flirtation with $50 per barrel has raised hopes in the oil patch, but what does it really mean? According to a recent article in “World Oil”, the answer is not much. Oil prices have recently rallied largely due to falling supply. Rebels blew up pipelines in the Niger Delta, wildfires shut down… Read More
Fraclog Economics
Given the recent recovery of crude oil prices, many industry observers are speculating what level will stimulate domestic production. This is especially relevant given the large inventory of drilled but uncompleted (DUC) wells in the U. S. A recent article in “World Oil” cites a study by the consultants at Rystad Energy of incremental completion… Read More
We’re Number 1!
We hear so much about low energy prices, falling rig counts, and decreasing oil production that it is easy to overlook the fact that the U. S. was still the world’s largest producer of petroleum and natural gas hydrocarbons in 2015. “World Oil” reports that based on U. S. Energy Information Administration (EIA) statistics, liquids… Read More
On the Prowl in the Permian
“World Oil” reports that China’s Yantai Xinchao Industries, through its U. S. subsidiary, Blue Whale Energy, is looking for deals in the Permian basin of West Texas and Southeastern New Mexico. Curtis Newstrom, CEO of Blue Whale, indicated that they are looking for deals of up to $1 billion and want to operate any assets… Read More
