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ENI on Reserves
“Rigzone reports that ENI (Ente Nazionale Idrocarburi) has just issued its 15’th World Oil and Gas Review. According to the Italian super major oil company, global oil reserves increased in 2015 while gas reserves declined. Also, the report found that oil production during 2015 increased by 2.9% to a new record high. Most of this… Read More
Wolfcamp Riches
There is little doubt that the Permian Basin has become the epicenter of the domestic upstream oil and gas industry. A recent article in “World Oil” reinforces this perception quoting a report by the U. S. Geological Survey (USGS) which estimates that the Wolfcamp formation alone contains 20 billion barrels (Bbbl) in four strata beneath… Read More
Oxy’s Permian Purchases
Two years ago Occidental Petroleum Corporation (OXY) spun off its California properties and moved its corporate headquarters from Los Angeles to Houston as part of a strategy to focus on the Permian Basin of West Texas and Southeast New Mexico. “Oil Voice” now reports the latest step in the implementation of this strategy: https://rudyenergy.com/anadarkos-3-ds/purchase of… Read More
Anadarko’s 3 D’s
Anadarko Petroleum Corp sees its future in the Delaware Basin, DJ Basin and the Deepwater Gulf according to a recent article in “Rigzone”. The Delaware Basin is a subset of the Permian Basin of West Texas and Southeast New Mexico, and is arguably the hottest oil and gas play in the U. S. Anadarko is… Read More
Apache’s Home Run
“Rigzone” reports that Apache Corp. has scored a major operational and financial success with a recent discovery in the highly prospective Delaware Basin of Southeast New Mexico and West Texas. The company has a 300,000 net acre position in the “High Alpine” field, primarily located in Reeves County, Texas. The field is estimated to contain… Read More
