Oil and gas research analysts lead a busy life. Not only do they keep up with the economic and financial position of various companies they cover, but they also keep up with macro-economics for the entire petroleum industry because this can impact individual company performance.
While the blockbuster plays in states such as Texas and North Dakota make the biggest headlines for increases in US crude oil production, there's no denying that developments in other states together add up to significant gains.
While overall greenhouse gas (GHG) emissions from oil sands operations are still rising, some producers are improving their environmental performance, according to the latest available government data analyzed by CanOils.
Rigs are the primary assets of drilling contractors and their newbuild and replacement costs are frequently required in corporate planning and financial valuation.
According to Goldman Sachs, more than $1.2 trillion will be spent in the next five years on oil and gas projects around the world.
Production from the Bakken formation in the Williston Basin has been improving steadily with technological advances.
In March of this year, China's Ministry of Land and Resources announced that China likely has the largest reserves of shale gas in the world, estimated at 886 trillion cubic feet (TCF). The authorities had by then already trumpeted their ambitions of commercializing shale by 2015.
In this month's cover story, several of the analysts and industry leaders interviewed allude to the role of recent advances in shale drilling and completion technology as a "game changer."
In recent months the application of Texas sales tax to oil and gas extraction equipment has become a high stakes question for both oil and gas production companies as well as the state of Texas.
Two recent gas discoveries in the northern part of Offshore Rovuma Block 1 in Mozambique (East Africa) by Anadarko Petroleum Corp. have raised the company's recoverable natural gas estimates for its holdings in the region, and makes its bid for Cove Energy, which owns an interest in the same block, seem more reasonable, according to a new IHS regional play assessment.
PLS Inc. reports that US deal activity slowed in late May and early June as WTI oil prices rapidly descended to the low $80s from the $100+/bbl range in place since mid-February.
Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings provided by IHS are based on operated production only within the United States.
BP America has awarded Xavier University of Louisiana (XULA) a $750,000 grant to establish the BP STEM (science, technology, engineering and mathematics) Summer Institute to include the following programs: MathStar, BioStar, ChemStar, Louisiana Engineering Advancement Program and Computer Science.