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U. S. to Remain a Dominant Player
Phjani Gadde with the consulting group Wood Mackenzie addressed the recent North American Prospect Expo in Houston. According to a recent article in “Rigzone”, Phjani stated that global upstream spending is, and will continue to be, dominated by North America in general, and the U. S. in particular. With global outlays projected at about $625… Read More
Statoil Chooses Profit over Production
Norwegian oil company Statoil had virtually no U. S. production in 2010 according to a recent article in “Rigzone”. However, now about 10% of its worldwide output is from shale projects here. Most recently, production was around 210,000 barrels of oil equivalent per day (boepd), primarily from the Bakken (North Dakota), Eagle Ford (South Texas)… Read More
U. S. Shale to Show Europe the Way Forward
According to a recent article in “Rigzone”, research firm Wood Mackenzie feels that Europe will learn from our experience with shale development. Wood Mackenzie divides unconventional oil and gas development in the U. S. into three phases. Phase I was typified by the development of a large number of highly productive shale gas assets with… Read More
Overhaul of Natural Gas Export Reviews
The Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) have been criticized for the costly and time consuming approval process for Liquefied Natural Gas (LNG) projects, according to an article in “Rigzone”. In response, new draft regulations were proposed in May, subject to a public comment period. Last week the DOE announced the… Read More
Linn to Sell Oil Assets
Linn Energy LLC has engaged Bank of Nova Scotia and Royal Bank of Canada to manage the sale of its Granite Wash assets in the Texas Panhandle and Western Oklahoma, according to a recent article in “Rigzone”. The Granite Wash is a liquids rich sandstone with production from 10,000 to 16,000 feet. Linn developed their… Read More
