Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.
U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
We’re taking a departure from the normal here. But what’s ‘normal’ right now anyway? And what will be normal next quarter? So, we asked.
Increasingly, E&P mergers are drawing shareholder pushback—unless for a low or no premium.
Smaller Midland Basin operators discuss longer laterals, parent-child, lowering per-foot costs, evaluating additional targets and field operations efficiencies.
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.
“If the square peg does not fit exactly within those parameters, it’s not a buy for them,” BOK Financial Securities’ Jason Reimbold said of the E&P A&D market in the Midcontinent.
Tight-rock operators are testing EOR ideas to produce more oil where they’ve already made hole. Here are some of their findings.
Fortunately, “the rock is actually good,” Chaparral Energy CFO Scott Pittman told attendees at the recently held DUG Midcontinent conference in Oklahoma City.
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.
