Our Blog
Refracking Fever
The idea is almost as old as fracking itself. “World Oil” reports that since the 1950’s, operators have been identifying aging wells with diminishing output and blasting them with sand and water to enhance production. What is new is the application of this technique to shale reservoirs. Shale wells are notorious for steep decline curves… Read More
Bullish on Oil Demand
Andrew J. Hall with Astenbeck Capital Management, is widely acclaimed as an oil price guru. “World Oil” reports that he is now predicting that demand in the U. S. and Asia will go “on a tear” and drive oil prices upward later this year and into next. Apparently Hall is undeterred by the prospects of… Read More
BP Now a Target?
“World Oil” reports that with BP’s settlement of government claims related to the Macondo blow-out the company has now become a potential takeover target. The company has agreed to pay federal and state governmental entities $18.7 billion in return for dropping all further claims related to the disaster. BP still faces litigation from businesses and… Read More
Lessons from the ATP Bankruptcy
“Rigzone” reports that by 2013 the Deepwater Horizon disaster, the subsequent drilling moratorium, and expensive long lead time projects, had forced ATP Oil & Gas into bankruptcy. Charles Kelley and Sean Scott, the attorneys with Mayer Brown LLP who guided ATP through Chapter 11, relate valuable lessons for other oil and gas companies. Leverage has… Read More
New Big Oil Model
“World Oil” reports that in a recent study by investment bank Morgan Stanley and the Boston Consulting Group, the authors state that the major international oil companies need a new business model to increase shareholder returns in today’s price environment. The study maintains that share prices could be increased 50% if their recommendations are implemented.… Read More
