Our Blog
High Hopes for the Tuscaloosa Marine Shale
According to an article in “Rigzone” today, Amite County, Mississippi lies at the epicenter of the Tuscaloosa Marine Shale. This is not new news as drillers have known about the formation for years and have penetrated it en route to deeper objectives. What is new is that modern fracing and horizontal drilling are now making… Read More
State of the Energy Industry in Texas
The recent North American Prospect Expo featured a panel discussion with several energy experts offering their views on national energy issues. “Rigzone” has a lengthy article on the panel’s remarks, but I found the comments relating to Texas especially interesting. Two of the members of the panel, Christi Craddick, a Texas Railroad Commissioner, and David… Read More
Magnolia Sees Emerging Trend in Oklahoma Development
In an interview with “Rigzone”, Magnolia Petroleum’s Chief Operating Officer, Rita Whittington, reported that Devon is going to drill eight wells per unit on their joint acreage in Oklahoma. These wells will exploit both the Mississippi Lime and the underlying Woodward formation. Magnolia sees this as the logical extension of the same strategy which is… Read More
Occidental Streamlines Operations
According to two recent articles in “Rigzone”, Occidental (Oxy) is selling assets, moving its headquarters, and reconfiguring the company. Oxy is increasingly focusing on the Permian basin in West Texas and New Mexico where it has significant production. Oxy is selling its California unit, the largest gas producer in the state. The Golden State operation… Read More
Shale Competes with Arctic Projects
The February 13 issue of “Rigzone” contains an article entitled “Shale Presents Competition for Arctic Oil, Gas Development”. The headline makes sense when you consider that investors evaluate projects on the basis of perceived risk vs. reward; the lower the risk and the higher the reward, the more likely the project will be funded. Rewards… Read More
