VanLoh: Continued US Oil Growth at $63 is a ‘Dangerous Assumption’
The Bakken and Eagle Ford have three or four years of new-drill well inventory left at $63/bbl WTI while the Permian has between seven and 10 years, Quantum Capital Group’s Wil VanLoh said at Hart Energy’s Energy Capital Conference.
Wave of Foreign Investment in US Gas Could Top $10B
A wave of U.S. gas deals is coming, and international giants from Asia to the Middle East are circling, says Greenhill’s Jeet Benipal at Hart Energy’s Energy Capital Conference.
Harold Hamm is Still Wildcatting After All These Years
As the founder and chairman of Continental Resources reflects on 25 years of Bakken horizontal development, Harold Hamm urges his fellow U.S. producers to “never quit exploring.”
‘Just Frac It:’ E&Ps Find Oil, Gas Treasure Remaining in L48 Basins
Wildcatters are finding success in new Lower 48 plays including the Eagle Ford’s Pearsall, the Midland Basin’s Dean and the Utica. Continental Resources’ Harold Hamm said some plays have been picked over with little success but, “that doesn’t mean it’s not there.”
Data Suggest BPX Worth at Least $10B in BP Merger Carve-Out
The business unit’s all-shale holdings’ “attractiveness” to potential BP Plc suitors “would likely be an important input into any portfolio evaluation and [merger] due diligence process,” said J.P. Morgan Securities analyst Matthew Lofting.
Lower 48 Oil Output Forecast Slips as Rig Activity Drops—WoodMac
Oil gains in the Permian, Powder River and Uinta basins are overshadowed by declines in aging basins, says Wood Mackenzie expert Robert Clarke.
Diversified CEO: Gas Fervor Grows on LNG, Midstream Momentum
Diversified Energy manages more than 64,000 wells nationwide but drills none itself. But the company’s recent Cherokee JV and western Haynesville deals give exposure to emerging plays without drilling risks.
BP Targets 25% Resource Recovery from Eagle Ford Refracs
BPX employs a strategy that’s “a little bit country, a little bit rock and roll” to maximize assets across the portfolio, especially in the Eagle Ford, says Shawn Holzhauser, vice president for development.
Black Stone Enters, Amends Haynesville Deals with Revenant, Aethon
Black Stone Minerals entered into a development agreement in the Shelby Trough with Revenant Energy and amended an agreement to have 50,000 acres returned by Aethon Energy in exchange for reducing annual well commitments.
Hamm: Continental Won’t Rule Out a Merger, But Don’t Count on it
Continental Resources Founder Harold Hamm said Hess Corp.’s Bakken property is interesting, as well as property held by BP Plc’s Lower 48 E&P unit BPX Energy.