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Capital Strategies: Stretching The Energy Dollar

Public Capital

Capital Strategies: Stretching The Energy Dollar

E&Ps are exploring all avenues to access capital on terms that make sense for their situations.

Implementing A Flexible MPD Approach In Vaca Muerta

Exploration & Production

Vaca Muerta Shale: Implementing A Flexible MPD Approach

As activity in the Vaca Muerta Shale continues, oil and gas operators should consider managed pressure drilling for all wells.

East Texas Chalk: It’s The Matrix

Company Profiles

East Texas Chalk: It’s The Matrix

Another century, another sequel to the indomitable Austin Chalk where it all began: East Texas. This rock still has a lot of oil and gas.

MarketsSee More

What's Affecting Oil Prices This Week (January 27, 2020)?

What's Affecting Oil Prices This Week (January 27, 2020)?

For the week ahead, Stratas Advisors expect Brent to continue to struggle, likely averaging close to $60/bbl.
 

Libyan Central Bank Chief Says Oil Blockade Must Be Lifted

Libya's internationally recognized prime minister Fayez al-Serraj has warned of catastrophe if the week-long blockade, which has cut oil output to almost zero, is not lifted.

Saudi Arabia Says All Options Open At OPEC+ Meeting In March

Saudi Arabia's Minister of Energy said all options are open at an OPEC+ meeting in early March, including further cuts in oil production

IEA’s Fatih Birol Sees 1 Million-Barrel Oil Market Surplus

IEA's Fatih Birol told Reuters that oil prices could not be expected to rise significantly under "normal conditions" although unexpected developments, such as rising instability in Iraq, could alter the situation.

BusinessSee More

Capital Strategies: Stretching The Energy Dollar

Capital Strategies: Stretching The Energy Dollar

E&Ps are exploring all avenues to access capital on terms that make sense for their situations.

VAALCO Energy To Target M&A With New President William Thomas

William R. Thomas has led the growth of a number of E&P companies throughout his career, which the VAALCO Energy board believes will support the company’s inorganic growth ambitions.

Lundin Petroleum Aims To Become Carbon Neutral By 2030

The Lundin Petroleum board also proposed to change the company's name to Lundin Energy AB, it said in a statement.

Report: US, Canadian Oil Bankruptcies Surge 50% In 2019

The increase in oil and gas bankruptcies seems likely to continue, said Buddy Clark, partner at Haynes and Boone.

TechnologySee More

Rachel Olney

Geosite CEO Q&A: The Google Drive Of Geospatial

Geosite founder and CEO Rachel Olney is leveraging geospatial data to bridge an organizational web between the energy industry and its workflows.

Frac Shack Acquires Sand Separation Expert Sandtinel

Frac Shack’s acquisition of the Sandtinel sand separation system allows the company to expand and diversify its services to new and existing customers in the flowback and production industry.

Worley Wins FEED Contract For Total’s GoM North Platte Field

Worley has been awarded a FEED contract for Total E&P USA’s North Platte field development in the Gulf of Mexico (GoM), the company said on Jan. 23.

Basic Energy Services Joins OFS Portal

OFS Portal said on Jan. 22 that Basic Energy Services has joined the organization as a supplier subscriber member.

Exploration & ProductionSee More

Source: Shutterstock.com

Exxon Mobil Grows Guyana Oil Find Estimates To More Than 8 Bboe

The new recoverable resource estimate, which jumped by 2 Bboe, excludes the Uaru discovery.

US Grants Chevron Another Three Months For Venezuela Operations

The U.S. Treasury Department on Jan. 18 granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22.

The number of high-impact wells drilled globally jumped by 36% to 91 in 2019, according to Westwood Global Energy Group. (Source: Shutterstock.com)

Pace Picks Up Offshore For High-Impact, Frontier Drilling

The 27 high-impact discoveries made by wells drilled last year collectively pushed discovered commercial volumes to a level not seen since 2015, report shows.

E&P Market Intelligence: Less Is More In The Midcon

E&P Market Intelligence: Less Is More In The Midcon

Midcontinent E&P companies reduce well intensity to generate economic returns.

TransactionsSee More

A&D Trends: Oil And Gas Game Changer

A&D Trends: Oil And Gas Game Changer

In the coming year, public oil and gas companies may face a better chance of being acquired and taken private.

Marketed: Midland Basin Mineral Properties, Howard And Borden Counties

A private seller retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of certain mineral properties located in Howard and Borden counties, Texas, of the Midland Basin.

Offshore Helicopter Companies Bristow, Era Group To Merge

The merger agreement follows remarks made by Era Group CEO Chris Bradshaw in a letter to shareholders last year that the offshore helicopter industry was in “dire need” of consolidation.

Marketed: Nonop South Texas Well Package, Duval County

Alamo Energy Partners retained EnergyNet for the sale of nonoperated working interest in South Texas wells located in Duval County, Texas.

Policy & RegulationsSee More

Apache Corporation, ONE Future Working To Transition To Lower Carbon Economy

Interview: Apache, ONE Future Advance Transition To Lower-Carbon Economy

Emily Rodgers, manager of environment and sustainability for Apache Corp., sat down with Jessica Morales to discuss the company’s involvement in ONE Future plus what it aims to achieve by 2025.

INGAA President Don Santa To Retire After Nearly Two Decades Of Service

Under Don Santa’s nearly two decades of leadership, INGAA has accomplished multiple reauthorizations of the Pipeline Safety Act and also has shaped regulatory policy affecting interstate natural gas pipelines.

Oil Industry In Davos: Torn Between Greta And Trump

Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures.

Greenpeace Loses Norway Arctic Oil Lawsuit Appeal

The lawsuit is seen as part of an emerging branch of law worldwide where plaintiffs seek to use a nation's founding principles to make the case for curbing emissions.

MidstreamSee More

lng

Cheniere Celebrates 1,000th LNG Cargo Milestone

Company says its accomplishment was achieved faster than any other producer in the world.

Annova LNG, Enbridge Ink Pipeline Agreement

Annova LNG signed a precedent agreement with Valley Crossing Pipeline LLC (VCP) on Jan. 22, providing transportation for Annova LNG’s total natural gas requirements at its 6.5 mtpa LNG facility in Brownsville, Texas.

First US Freeport LNG Cargo Arrives In Japan

Delivery to JERA’s facility adds to Japan’s oversupply.

Enterprise Begins Service At East Texas Processing Plant

Bulldog can process 200 MMcf/d of natural gas and extract up to 12,000 bbl/d of NGL.