PDC Energy Announces Strategic Combination with SRC Energy in All-Stock Transaction
Two major DJ Basin producers are merging this morning with the combination of PDC Energy and SRC Energy in an all-stock transaction valued at $1.7 billion including assumption of SRC’s net debt of $685 million. The deal creates the second largest producer in the DJ Basin (behind the pro-forma numbers of the Oxy/Anadarko combination created […]
Tug Hill Unlocks the Deep Utica in West Virginia
E&P business in full development, midstream system connects with multiple markets. The management team behind Tug Hill, which helped pioneer the Marcellus shale more than a decade ago, now says it has cracked the code to economic development of the dry gas Utica in West Virginia. The Fort Worth company’s upstream business, THQ Appalachia I LLC, has […]
COLOMBIA’S SEA OF OPPORTUNITY
Colombia’s underexplored offshore is getting a much-needed jolt of investor confidence. Speaking on the sidelines of the Offshore Technology Conference in Houston in early May, Colombia’s Luis Miguel Morelli, who heads the Agencia de Hidrocarburos (ANH), told a Drillinginfo analyst that two exploration ventures are being planned for the 2020 wildcatting season. “Next year is […]
WEST TEXAS LIGHT – ANALYZING THE GROWTH OF THE PERMIAN’S LATEST CRUDE GRADE
A few months ago I ran through a bunch of online news resources that you can hang on to keep track of what’s going on right now in the oil and gas industry. Mostly I focused on the large Mainstream Media sources (WSJ, Forbes, Bloomberg, NYTimes, The Economist), a number of industry specific portals (Oilpro, […]
METHANE HYDRATES: IS ‘FIRE-ICE’ THE NEXT ENERGY REVOLUTION?
Record breaking Recent news of China’s success in producing gas from sub-sea methane hydrates has re-ignited the emergence of these deposits as a possible alternative energy source, which could usher in a new energy revolution. On 9 July 2017, China announced that it had achieved continuous gas production from hydrates during a 60-day trial, located ~300km SE […]
10 Great Oil & Gas Blogs to Follow
A few months ago I ran through a bunch of online news resources that you can hang on to keep track of what’s going on right now in the oil and gas industry. Mostly I focused on the large Mainstream Media sources (WSJ, Forbes, Bloomberg, NYTimes, The Economist), a number of industry specific portals (Oilpro, […]
UNDERSTANDING E&P COMPANY PRESENTATIONS PART 1: PV10
Things are (maybe) looking up in the oil patch. US E&P Focusing on the Strength of Permian Assets Oilfield Tech Yields Better Returns at OGIS 2016 Oil Futures: Reducing Risk in a Volatile Market We’ve got the IEA and Harold Hamm both predicting $60 oil by the end of the year; the “plunge” allegedly brought on by the deferral […]
Saudi Arabia and Oil: What You Need to Know
Saudi Arabia is all over the news. Every time a minister speaks, headlines reverberate through all of the O&G industry sites, and even Harold Hamm’s recent Cowboyistan manifesto points to the Saudi’s November decision to maintain production levels as the major piece of context. What makes Saudi Arabia such a force in our current oil […]
THE NEXT EVOLUTIONARY STEP IN PAD DRILLING
It is time for Pad Drilling 2.0, the next iteration in a developmental drilling practice that has transformed how the oil and gas industry accesses tight formation hydrocarbons. Pad drilling version 1.0, or the drilling of multiple wells from a single surface site, played a linch-pin role in opening up capital-intensive tight formation oil plays […]
Permian Basin Geology: The Midland Basin vs. the Delaware Basin Part 2
Part 2: Stratigraphy The prequel to this blog post (Part 1: Evolution and Deposition) discussed how the Greater Permian Basin (GPB) formed and was divided into several sub-basins. It continued to uncover why the Midland Basin and the Delaware Basin were different based on variances in sedimentary depositions and tectonics. This post will discuss how […]