Our Blog
The Curse of Cheap Credit
There is an old saying that leverage is a two edged sword: it makes good times look better, and bad times look worse. When oil prices were strong and the sky seemed the limit, using other people’s money appeared to make sense. From 2004 to 2014 the high yield bond market doubled, but for oil… Read More
Barnett Doubles in Size
“Rigzone” reports that in 2003 the U. S. Geological Survey (USGS) assessed the undiscovered technically recoverable reserves of the Barnett Shale in Bend Arch-Fort Worth basin, based on the vertical drilling technology in use at that time. Natural gas reserves were estimated at 26.2 trillion cubic feet (tcf) and natural gas liquids at 1 billion… Read More
Permian Opportunities
Of the major domestic shale oil plays, only the Permian Basin of West Texas and Southeast New Mexico continues to increase production. “World Oil” cites a recent study by consulting firm IHS, which notes that the area is a hotbed of deal making as the opportunities there are the best currently available to shale operators. … Read More
Global LNG Outlook
“World Oil” cites recent analysis by consulting group, Wood Mackenzie, which notes that both Asia in general, and China in particular, saw Liquefied Natural Gas (LNG) demand fall by 2% in 2015. Concurrently, capacity increased with significant start-ups in the U. S. and Australia. In fact, production increased to 250 million tonnes, up 4 million… Read More
IEA Forecast
“World Oil” reports that the International Energy Agency (IEA) has reduced its forecast for global energy demand and raised it for supply. Consequently, the agency foresees a growing world-wide surplus and further downward pressure on prices. The major factor driving the supply increase is the removal of sanction on Iranian oil exports. Global demand is… Read More
