Our Blog
EIA Gas Forecast
A recent article in “Rigzone” summarized the latest natural gas forecast by the U. S. Energy Information Administration (EIA). While the 2015 forecast was revised slightly downward to 79.58 billion cubic feet a day (bcfd), it still surpasses the 2014 level of 47.89. However, with the current year all but over, I found the 2016… Read More
A Legislator’s Perspective
State Representative Dwayne Bohac was the guest speaker at the November meeting of the Houston Association of Professional Landmen. Bohac represents Texas District 138, essentially Northwest Houston, in the state legislature. He is Vice Chairman of the House Business and Industry Committee, a member of the Ways and Means Committee, and Vice Chairman of the… Read More
Shale Output to Fall per EIA
“Rigzone” reports that the U. S. Energy Information Administration (EIA) predicts production decreases for domestic shale oil and natural gas production. These reductions are in response to a global energy surplus which has driven down prices, and consequently investment, staffing levels, and rig counts. The EIA predicts that by January, 2016, shale oil production will… Read More
Devon Buys Felix Assets
Devon Energy is buying oil and gas assets from Felix Energy LLC in the Anadarko and Powder River Basins. The Anadarko Basin lies in West Oklahoma and the Texas Panhandle. Devon is buying 80,000 net surface acres for $1.9 billion. Devon is also purchasing Powder River Basin assets in Wyoming located to the South of… Read More
Marcellus Downturn
“Rigzone” reports that while the drilling boom of the last seven years is over, the Marcellus shale, the nation’s newest and biggest gas field, still produces a fifth of our natural gas. However, there is disagreement as to how long production in the 90,000 square mile area will continue to increase. The U. S. Energy… Read More
