Allen Gilmer, Drillinginfo's co-founder and executive chair, sat down with Hart Energy Video Reporter Jessica Morales at the recent NAPE Summit in downtown Houston to discuss developments for U.S. oil and gas producers.
During the discussion, Gilmer addresses the advantage of daily rig counts and the performance gap between E&Ps in certain unconventional plays. He also touches on extended laterals, proppant density, cluster spacing, Big Data as well as the implications of well bashing and frack hits for industry projections on recoverable reserves.
The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”
Concho Resources’ chairman and CEO, Tim Leach, is set to join ConocoPhillips’ board of directors and executive leadership team as executive vice president and president of Lower 48.
Laredo Petroleum remains “focused on executing similar, reasonably-priced bolt-on acquisitions around our core position in Howard County,” CEO Jason Pigott says.