Former Covey Park Resources co-CEO John Jacobi shares his views on challenges facing the industry today, how the deal went down with Comstock Resources and why industry stakeholders need to take ownership of righting the ship.
Tight-rock operators are testing EOR ideas to produce more oil where they’ve already made hole. Here are some of their findings.
And other above-ground challenges oil and gas producers in the Permian Basin are facing.
Oklahoma producers are intensifying multisection-lateral and multizone development of their liquids-rich leasehold, bringing production nearer to first spend. They’re also paring costs by millions per well.
Also heard: “Hunkering,” “fragmented” and “it’s not something we can blame on oil prices.”
Public E&P investors are insisting that operators produce returns, so private-equity-backed E&Ps wanting to sell to a public E&P are working to do the same. One said, “It all rolls downhill.”
Overshadowed by behemoth unfracked Austin Chalk development in western Louisiana in the past, the formation’s far eastern horizon is being tested for fracked, horizontal development.
While non-hydro renewable-derived electricity’s share of the power grid has grown, natural gas’ share is growing by more—and as power demand itself has risen.
The career oil and gas man has put his money on U.S. natural gas via Comstock Resources Inc. and the Haynesville Shale.
