Wildcatter Fever … Sort Of
[one_half_last]Every once in a great while I have the luxury of scanning activity across the U.S. to find permitting or development I find interesting. Below is a map of the 32,705 permits filed in the lower 48 in the last 12 months. The permits in green caught my attention. NEVADA I’ve always had a lot […]
To E-frac or Not? Not Everyone is Sold on the Method
With an abundance of cheap natural gas being produced across the U.S., oil & gas operators are considering utilizing the clean-burning fuel as a fuel source for hydraulic fracking fleets. Electric frac, or e-frac, fleets use electric-driven pumps that are most commonly powered by natural gas turbine generating units, according to Baker Hughes CEO, Lorenzo […]
Sharing the Gift
For those of us who have had the great, good fortune to be paid to use our brains to find oil & gas, and to maximize its production, please give some thought to building that opportunity for the generations to come. Building a career in the geosciences for a number of us was probably a […]
The Street Strikes Back: Oil & Gas Operators Shown No Mercy
October 9, 2019
Enverus Unveils Operator Intelligence, Delivering ‘Unprecedented and Unparalleled’ Insight on 180 Oil and Gas Producers
September 11, 2019
Is the Permian Stalling?
Recent commentaries on the magic of the Permian miracle have had some dark musings about how the Permian is beginning to “stall.” Given all the back and forth in the investment community about “capital discipline” and output growing supply to the detriment of pricing, I thought I’d take a brief look at Estimated Ultimate Recovery […]
BP Divests Alaska Business to Hilcorp for $5.6 Billion
Houston-based private oil & gas producer Hilcorp has agreed to acquire BP’s Alaska business for $5.6 billion consisting of $4 billion payable near-term and $1.6 billion payable through earnouts. The deal adds 74,000 boe/d from a number of fields including a 26% interest in Prudhoe Bay. “BP was a pioneer in Alaskan drilling and one […]
Five Reasons Why You Should Attend the 2019 Business Automation User Conference
Something I find exciting about the oil & gas industry is the constantly changing nature of the business. In such a dynamic and innovative industry, back-office processes for many companies remain the same as they were 50 years ago – and they involve paper. Oil & gas producers and suppliers learned a hard lesson as […]
U.S./World=6
The oil and gas industry is currently grappling with fears of both oversupply and weakened demand. Demand side weakness is tied to tariffs, strength of the dollar, and a slow but apparently inexorable increase of market share for renewables and green alternatives to the traditional hydrocarbon supply of needed global BTUs. Increasing supplies of power […]
Gulf of Mexico Lease Sale 251 Attracts More Than $178 Million in High Bids
On 15 August 2018, the BOEM’s Lease Sale 251 garnered 171 bids for 144 tracts in both shallow and deepwater from a total of 29 companies. According to officials, a total of US$ 178,069,406 was received in high bids. That was an improvement over March 2018’s Lease Sale 250 when a total of US$ 124.7 […]