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
Noble to Buy Rosetta
“Rigzone” reports that Noble Energy, Inc. will buy Rosetta Resources for $2 billion and assume its debt of $1.8 billion. The transaction is the latest in a series of combinations driven by the recent collapse of oil prices. The acquisition will be a stock swap. According to recent market valuations, Noble is paying a premium… Read More
“World Oil” International Forecast
John Higgins, the publisher of “World Oil” magazine, was the speaker at the February meeting of the Houston Chapter of the American Petroleum Institute (API). Predictably, his comments were quite interesting and provocative. While they are not at great variance with what many other analysts have forecast, his are backed up by a wealth of… Read More
Exxon Replaces Reserves
“Rigzone” reports that ExxonMobil Corp. slightly increased its proved oil and gas reserves in 2014. This is primarily attributable to successes in shale plays in the Permian Basin and the Kearl oil sands project in Canada. By adding reserves of 1.5 billion barrels of oil equivalent (boe), the company was able to replace 104% of… Read More
Oman Blasts OPEC
Russell T. Rudy is exclusively lower 48, onshore focused, so it might come as a surprise that so many of our recent posts deal with international events. However, as the recent oil price slide has shown, energy markets are global; what happens overseas has a direct impact on us here at home. Consequently, when actions… Read More
