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Regardless of Oil Booms and Busts, Colorado Stays in the Top 10
While it has never enjoyed the massive production numbers which generated top slot oil and gas notoriety for Texas, Colorado is and has been an important part of the oil industry in the U.S. for more than 100 years.
The …
Should E&Ps Borrow to Grow or Stay Within Cash Flow? Here is Where 119 North American E&Ps Stand
Only 16 E&Ps are expected to grow production and keep spending within cash flow
U.S. unconventional E&Ps often find themselves in a difficult position in the current environment. The environment has long been “grow or die,” with high emphasis placed …
Eagle Ford Earns its Place as U.S.’s No. 2 Oil Basin
Sanchez, Chesapeake dominate Dimmit County with 210 permits in 2017
While it has been recently eclipsed by the Permian, the Eagle Ford in South Texas remains one of the most important shale basins in the world. According to the EIA, …
Meet the Best of the Best in the Bakken
Deep dive into Bakken well data by EnerCom Analytics
Oil and gas operators continually report that their newest wells are better than older wells.
Improving technologies, such as more intense completions and more precise directional drilling, push well results higher. …
Permian Basin Permits are Flying Out of the RRC in 2017—However Not All Permian Counties Are Equal
The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth to continue. But companies need to continually drill new wells to fuel this growth, which requires companies to obtain drilling …
An LNG Horse Race
U.S. first-mover Cheniere has been exporting gas since early 2016, but what happens when you add 6 more LNG projects under construction that represent total capacity of 13.5 Bcf/day of U.S. natural gas heading to global destinations, with first shipments
…
BP Sees Its Unit Production Costs 40% Lower than 2013
International oil giant BP (ticker: BP) reported that its Q2 2017 production—at 2.431 MMBOEPD was 10% higher than Q2, 2016. The company earned $144 million during the second quarter, bringing its profit to $1.593 billion during the first half of …
With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2
In the past two days ExxonMobil Corporation (ticker: XOM), Chevron Corporation (ticker: CVX), and ConocoPhillips (ticker: COP) all reported second quarter earnings and gave operational updates.
ExxonMobil
ExxonMobil earned $3.4 billion in Q2, which brought the company’s earnings for the …
Going Private: Mexico’s First Private Offshore Well in 80 Years Pays Off Big
1.4 billion barrel discovery at 11,000 feet – en route to 14,000
Sierra Oil & Gas, Talos Energy and Premier Oil (ticker: PMO) have announced the discovery of a massive oil field in offshore Mexico, with more than 1 billion …
Resilient U.S. Shale Has Flipped Oil Imports Upside Down
With shale production booming, why does the U.S. still import oil?
It’s a common question. The U.S. shale boom has had a profound effect on the U.S. energy industry, on world energy markets and on geopolitics—in little more than a …
Is Natural Gas Trucking’s Future, or is CNG Just a Pit Stop on the way to Electric Semi-Trucks?
CNG fueling stations are sprouting up at transit facilities and truck stops, but over-the-road electric trucks loaded with technology, creative leases, battery swapping and free fuel are coming to U.S. on-ramps
Last week, Pennsylvania’s Governor Tom Wolf celebrated the opening …
Can Musk Make the Model 3 Happen—or is the On-ramp Way Too Steep?
Luxury electric car maker goes to the trough for another billion dollars, sells 5% of company to Chinese Internet giant
“We are planning to produce 500,000 total vehicles in 2018, which is approximately double our prior growth plan”
Shares of …
An Oil & Gas 360® Exclusive: Interview with Tellurian CEO Meg Gentle
“We’re not just a one project developer, developing our asset and then clipping coupons from it”
Cheniere, Tellurian and U.S. LNG
If you go all the way back to the pre-shale boom days when the U.S. was forecasting a …
Repsol and Armstrong Energy Announce Largest U.S. Onshore Conventional Hydrocarbons Discovery in 30 Years
Horseshoe-1: massive Alaska North Slope oil discovery
Repsol (ticker: REP) and privately held Denver based Armstrong Energy LLC announced today the discovery of a massive oil field in Alaska, with an estimated 1.2 billion barrels of oil recoverable. This is …
EnerCom Dallas: a Very Positive Mood and a Full House
Moving from Defense to Offense: industry learned how to work effectively, how to innovate during the downturn, now let’s produce
The presentation room at the Tower Club for EnerCom Dallas was overflowing Wednesday morning by the time WPX Energy (ticker: …
ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets
ExxonMobil now has 6 billion BOE of resources in the Permian, with 3.4 billion BOEs in the Delaware
ExxonMobil Corporation (ticker: XOM) announced that the company will more than double its Permian Basin resources to 6 billion BOE through the …
After 2 Years of Layoffs, Companies Struggle to Find Qualified Staff
Layoffs are a recurring nightmare for both employees and employers
Layoffs: oil and gas companies have cut some 350,000 jobs in the downturn, but what happens when oil prices tick up and demand for talent outstrips supply? It’s a recurring …
Centennial Resource Development: The Next Core Delaware Pure Play
Centennial Resource Development launches its new website: www.CDEVinc.com
A newly formed oil and gas E&P company, Centennial Resource Development (ticker: CDEV), (www.CDEVinc.com) is the Southern Delaware’s newest player, though its executive team and board of directors are anything …
Energy Bankruptcies: We’ve only Seen a Third of Them
90 oil and gas operators with more than $60 billion in debt have already filed for bankruptcy: here’s what it’s like
Depressed oil prices that are unable to support heavy debt loads have pushed 90 oil and gas companies into …
2,500-Foot Setback Initiative Probably Won’t Make the Colorado Ballot: Wells Fargo
“But if the measure were to be placed on the general election ballot, then it’s a toss up”
Several groups and individuals want to halt, ban or eliminate hydraulic fracturing in Colorado by running signature gathering campaigns to amend the …
DUCs Flying Every Which Way
Trends suggest that operators are using their DUCs as a more capital efficient means of tapping production, rather than using them to grow production
For the past year, discussions in the oil and gas industry have been focused on asking …
Reasons for Not Completing a Well
Drilling but not completing wells–why is it done?
The uncertainty of the last year and a half surrounding the oil and gas industry has given rise to a multitude of different rationales about industry practices. Rig counts have been dissected, …
End of the Shale Boom in Colorado?
Remember this Number: #78
Hydraulic Fracturing Effectively Shuts Down in Colorado if Initiative #78 Passes: COGCC Report
Roughly 90% of Colorado – 60 Million Acres – would be Taken Out of Play by Proposed Mandatory Setback
As a record 38 …
State of Colorado May Owe Oil and Gas Companies Hundreds of Millions of Dollars
Colorado Supreme Court decision finds in favor of BP with reversal of lower court decision on a severance tax deduction
A decision from the Colorado Supreme Court could entitle a number of oil and gas companies to significant tax refunds …
Colorado Supreme Court Says Keep on Fracing
Colo. High Court Rules Colorado Frac Bans are “Invalid and Unenforceable”
The Colorado Supreme Court issued a decision on Monday in opposition of the City Of Fort Collins and their five-year fracing moratorium. The decision comes in the wake of …
The Anti-Fracing Battle Heats Up in Colorado
A ballot initiative that would create 2,500 foot setbacks is approved for signature collection
Proposed ballot measure 78 was approved for signature gathering by the Colorado Secretary of State’s office Friday. The measure would create a minimum distance of 2,500 …
Canadian Oil and Gas Spending Expected to Drop 62% by the End of 2016
Canadian Association of Petroleum Producers forecasts a $50 billion drop in spending
The dramatic fall in oil prices has been felt around the world, particularly in major oil producing countries like Canada, where the benchmark WCS crude oil sells at …
Unconventional Wisdom: Building a Conventional Oil Company in an Era of Shale
Petro River Oil is Participating in a Portfolio of Conventional Assets in Oklahoma and California in 2016, with a Northern Ireland Exploration Test on Tap for Q2
When Scot Cohen founded Iroquois Capital Opportunity Fund, the seasoned portfolio manager kept …
World’s Most In-Debt Oil Company to Get $10 Billion Lifeline from China
Petrobras plans to use loan to help pay down debt
Petrobras (ticker: PBR, Petrobras.com) will receive a $10 billion loan from the China Development Bank to help pay down the company’s debt coming due this year, according to a …
