Our Blog
August Meetings
We are really excited about two meetings we plan to attend later this month. While some organizations hesitate to hold meetings during the Summer, the Houston Association of Division Order Analysts (HADOA) and the Association of Lease and Title Analysts (ALTA) both have scheduled meetings in August. On Wednesday, August 20, HADOA will feature Williams… Read More
Unconventional Oil and Gas Key to Production Increase in Lower 48
“Rigzone” cites a study by the consulting firm Wood Mackenzie which projects tight oil production in the lower 48 states rising to 6 million barrels of oil per day (bopd) by 2020, primarily from the Bakken, Eagle Ford and Wolfcamp plays. This would be approximately 2/3 of total forecast domestic production of 9 million bopd.… Read More
Marcellus Shale a Boon to Pennsylvania Workers
“Rigzone” reports that a new Marcellus Shale Coalition report confirms what serious industry observers have always known: shale development means jobs. At year-end 2013 unemployment in Pennsylvania was the lowest it has been since 2008. With plans to hire 2,000 new workers in 2014, unemployment will likely drop further. Most hiring is anticipated in the… Read More
Investment in Wolfcamp to Top $12 Billion in 2014
According to an article in “Rigzone”, consulting firm Wood Mackenzie predicts capital expenditures (CAPEX) in the Permian Basin’s Wolfcamp play will exceed $12 billion in 2014, and reach $13.9 billion next year. CAPEX in the Wolfcamp is already about 80% of Bakken shale investment. Wolfcamp CAPEX could surpass the Bakken as early as 2017, making… Read More
Hess to Form MLP for ND Transport Assets
According to a recent article in “Rigzone”, Hess Corporation will form a master limited partnership (MLP) for its mid-stream North Dakota assets. The move appears to be part of a trend motivated by the favorable tax treatment, lower cost of capital and higher cash flows associated with MLP’s. MLP’s do not pay federal income taxes… Read More
