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U. S. Shale to Show Europe the Way Forward
According to a recent article in “Rigzone”, research firm Wood Mackenzie feels that Europe will learn from our experience with shale development. Wood Mackenzie divides unconventional oil and gas development in the U. S. into three phases. Phase I was typified by the development of a large number of highly productive shale gas assets with… Read More
Overhaul of Natural Gas Export Reviews
The Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) have been criticized for the costly and time consuming approval process for Liquefied Natural Gas (LNG) projects, according to an article in “Rigzone”. In response, new draft regulations were proposed in May, subject to a public comment period. Last week the DOE announced the… Read More
Linn to Sell Oil Assets
Linn Energy LLC has engaged Bank of Nova Scotia and Royal Bank of Canada to manage the sale of its Granite Wash assets in the Texas Panhandle and Western Oklahoma, according to a recent article in “Rigzone”. The Granite Wash is a liquids rich sandstone with production from 10,000 to 16,000 feet. Linn developed their… Read More
Shell Continues to Sell U. S. Gas Assets
“Rigzone” reports that as part of their strategy to raise $15 billion from asset sales, Royal Dutch Shell plc announced that it is divesting its interest in the Pinedale, Wyoming, and Haynesville, Louisiana, fields. However, the company will add acreage in the Marcellus and Utica shale plays. Shell is selling their interest in the Pinedale… Read More
Permian Production Exceeds Pipeline Capacity
“Rigzone” reports that as a result of the shale revolution, oil production from the Permian Basin of West Texas and Southeast New Mexico is outstripping the pipelines’ ability to transport it to Gulf Coast refineries. Shale oil production in the Permian is projected to increase for the sixth straight month in September according to the… Read More
