For some time now, we have seen natural gas assume an ever larger role among the major oil companies at the expense of oil. Many industry observers have come to expect the importance of gas to steadily increase as it serves as a bridging fuel as the world evolves from the internal combustion engine to… Read More
From Dependence to Dominance?
According to a recent article in “World Oil”, we can expect a flurry of public relations activity this week as the White House focuses on energy issues. For decades, the goal has been ‘energy independence’ or ‘energy self-sufficiency’ as we have tried to wean ourselves from foreign oil. However, the Trump administration will not be… Read More
Lonestar’s Eagle Ford Discovery
Previously, Lonestar Resources announced that its B #1 H wildcat well had drilled to a total distance of 19,800 feet (approximately 11,000 feet vertical depth) with an initial production test rate of 1,475 barrels of oil equivalent per day (boepd). Last week Lonestar, the operator with a 50% interest, announced that the well had been… Read More
Independent oil and gas producers were some of Donald Trump’s most ardent supporters during the 2016 presidential election. Legendary oil investor, T. Boone Pickens, was a key fundraiser and Harold Hamm, CEO of Continental Resources, served as energy advisor. Now, “World Oil” reports that Trump’s recent budget proposal would cut over half the funding to… Read More
Since the crude oil price crash of 2014, investment in energy projects has been significantly reduced, and some industry observers have warned that while relatively low prices and a global oil glut make investments in the short term-unattractive, they are imperative for supply and price stability in the long run. One of the most recent… Read More