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Exxon Buys Permian Assets

Recent articles in “Oil Voice” and “Rigzone” provide details and perspectives for ExxonMobil’s (XOM) recent purchase of oil and gas assets from the Bass family of Ft. Worth. XOM acquired 275,000 acres of leasehold, 250,000 of which are in the Permian Basin, 3.4 billion barrels of oil equivalent (boe) reserves, and 18,000 boe per day… Read More

Discovery Recovery

“World Oil” reports that consulting group Wood Mackenzie predicts a revival in oil and gas exploration. Unfortunately, at this point, any signs of life would constitute a revival.  When oil prices collapsed, operators slashed budgets and exploration was especially hard hit.  When struggling to survive, exploration is the one place you can cut costs without… Read More

Peak Oil

The International Energy Agency (IEA) is the energy advisor to the 28 nation Organization for Economic Co-operation and Development, the world’s most advanced economies. The Agency publishes a number of reports and frequently comments on developments in global markets.  However, it’s most strategically significant, and often controversial, publication is its annual “World Energy Outlook”.  In… Read More

Price Drivers

In a recent article in “Oil Voice”, author Andreas de Vries points out recent oil forecasts that have been wrong, explores the reasons why, offers an alternative approach, and then uses it to make his own projections. After the oil price collapse of 2014, many observers expected domestic shale oil production to drop dramatically. This… Read More

Shale’s Shortcomings

In a recent article in “Oil Voice”, Nick Cunningham questions how much efficiency has really been realized in shale operations, and the implications for future production. The author notes that the highly touted efficiency gains by shale operators are the result of three major strategies:  improving technology (longer lateral legs on horizontal wells and using… Read More