WEST TEXAS LIGHT – ANALYZING THE GROWTH OF THE PERMIAN’S LATEST CRUDE GRADE
A few months ago I ran through a bunch of online news resources that you can hang on to keep track of what’s going on right now in the oil and gas industry. Mostly I focused on the large Mainstream Media sources (WSJ, Forbes, Bloomberg, NYTimes, The Economist), a number of industry specific portals (Oilpro, […]
Gulf of Mexico Lease Sale 251 Attracts More Than $178 Million in High Bids
On 15 August 2018, the BOEM’s Lease Sale 251 garnered 171 bids for 144 tracts in both shallow and deepwater from a total of 29 companies. According to officials, a total of US$ 178,069,406 was received in high bids. That was an improvement over March 2018’s Lease Sale 250 when a total of US$ 124.7 […]
METHANE HYDRATES: IS ‘FIRE-ICE’ THE NEXT ENERGY REVOLUTION?
Record breaking Recent news of China’s success in producing gas from sub-sea methane hydrates has re-ignited the emergence of these deposits as a possible alternative energy source, which could usher in a new energy revolution. On 9 July 2017, China announced that it had achieved continuous gas production from hydrates during a 60-day trial, located ~300km SE […]
The STACK, The SCOOP and Oklahoma Oil & Gas
UPDATED: April 11, 2017 The headlines continue to highlight positive developments by operators in the SCOOP/STACK plays in Oklahoma. But who is participating in the production streams BESIDES the operator? What non-operated interests or overriding royalty interests are participating right alongside the operator? Or who was the initial grantee actually leasing for? We’re lifting the […]
10 Great Oil & Gas Blogs to Follow
A few months ago I ran through a bunch of online news resources that you can hang on to keep track of what’s going on right now in the oil and gas industry. Mostly I focused on the large Mainstream Media sources (WSJ, Forbes, Bloomberg, NYTimes, The Economist), a number of industry specific portals (Oilpro, […]
UNDERSTANDING E&P COMPANY PRESENTATIONS PART 1: PV10
Things are (maybe) looking up in the oil patch. US E&P Focusing on the Strength of Permian Assets Oilfield Tech Yields Better Returns at OGIS 2016 Oil Futures: Reducing Risk in a Volatile Market We’ve got the IEA and Harold Hamm both predicting $60 oil by the end of the year; the “plunge” allegedly brought on by the deferral […]
Federal Oil and Gas Subsidies: Fact vs. Fiction
In any presidential election year it is inevitable that candidates on both sides of the political spectrum will begin hailing or bashing tax breaks, subsidies, and regulations throughout the US business landscape. No business is more susceptible to these discussions than the Oil & Gas industry. Depending on the date and audience a candidate is […]
Saudi Arabia and Oil: What You Need to Know
Saudi Arabia is all over the news. Every time a minister speaks, headlines reverberate through all of the O&G industry sites, and even Harold Hamm’s recent Cowboyistan manifesto points to the Saudi’s November decision to maintain production levels as the major piece of context. What makes Saudi Arabia such a force in our current oil […]
What Exactly is Condensate and Why is its Export Prohibited?
What Exactly is Condensate in Oil & Gas? Condensates and natural gas liquids are a rapidly growing segment of US and international oil & gas production. The following sections provide a detailed overview of NGLs, their composition, extraction processes, and uses. Frequently Asked Questions About Condensate in Oil & Gas Have questions? Here are answers […]
Permian Basin Geology: The Midland Basin vs. the Delaware Basin Part 2
Part 2: Stratigraphy The prequel to this blog post (Part 1: Evolution and Deposition) discussed how the Greater Permian Basin (GPB) formed and was divided into several sub-basins. It continued to uncover why the Midland Basin and the Delaware Basin were different based on variances in sedimentary depositions and tectonics. This post will discuss how […]