Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Panelists agreed there are, however, exceptions. And costs could run from thousands to millions of dollars depending on services needed to restart production.
Experts say electrofacies could prove beneficial for oil companies considering vertically unbounded wells in the Permian Basin.
“If this is an act of God, maybe I need to find another career because I guess God’s had enough of the oilfield,” said oilfield services worker Nils MacArthur.
A day after Dominion and Duke canceled the Atlantic Coast Pipeline as litigation mounted, the industry again finds itself confounded by permitting issues.
U.S. rig count down from previous week while crude futures jump 200% over the past 10 weeks.
DAPL is the largest oil pipeline running out of North Dakota’s Bakken shale basin and Native American tribes and environmental groups have long protested the line's construction.
Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.
Dominion Energy and Duke Energy on July 5 announced the cancellation of the Atlantic Coast Pipeline due to ongoing delays and increasing cost uncertainty which threatens the economic viability of the project.
“After exploring all strategic and financial options available to Rosehill,” CEO David French said the company agreed to a restructuring plan with its major creditors, which includes filing for Chapter 11 bankruptcy, .
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10