AN INTERVIEW WITH APACHE CORPORATION
It has rarely happened in oil and gas history: Today just a handful of resource plays, mainly shales with an abundance of crude oil and liquids targets, accounts for a major share of all spending for land drilling and development in the United States.
Nothing better illustrates the extremes that opponents of hydraulic fracturing will go to than the deception noted by Texas State District Judge Trey Loftin on Feb. 16.
Mimicking the path of the gold rush that traversed the nation in the 1850s, shale gas exploration and production has surged in the past four years from Pennsylvania to California and from Texas to North Dakota.
Oily and liquids-rich plays, like those common in the Permian Basin, are the preferred target for those looking to capitalize on steady oil prices.
Technology typically used for drilling and completing wells in shale formations has created a resurgence of interest in a non-shale play, the Mississippi Lime in northern Oklahoma and southern Kansas.
With natural gas production in the Utica Shale predicted to reach at least 1.2 bcf/d by the end of 2014 and crude oil production expected to hit 155 Mb/d or higher by 2016, transportation constraints and competition for processing capacity take center stage in the Northeast.
The Niobrara geologic formation is an oil play in northeastern Colorado and parts of adjacent Wyoming, Nebraska, and Kansas.
All things Eagle Ford continue to grow except, perhaps, production
The Bakken shale play in North Dakota, Montana, and the Canadian provinces of Saskatchewan and Manitoba is one of the largest oil resources in North America.
When South Africa entered the prestigious club of BRICS countries in 2011, the country designated the oil and gas industry as a priority sector for economic growth.
Apparently some oil and gas producers don't know when to quit. Or, as our group publisher, Mark Peters, put it: "I still think some people don't understand what Adam Smith was talking about in Wealth of Nations," the landmark work on economics that influenced thinkers like Alexander Hamilton and is still taught in schools.
The trend of Asian equity capital flowing into private North American oil and gas companies over the last four years is well documented.
Since late June, the US and EU have implemented an array of sanctions on Iran's oil export sector, aimed at pressuring the Islamic Republic of Iran over its nuclear program.
PLS Inc. reports that global M&A activity for upstream deals slowed to $25.3 billion for Q2 2012 in 136 separate transactions.
Revenues in the first quarter of 2012 rose just 1% from the previous quarter and fell by 1% over the same quarter in 2011 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.
Coastal Flow Measurement recently hosted its 2nd annual "Crawin' for the Cure" crawfish boil benefiting the Cystic Fibrosis Foundation (CFF). As the Houston-based family of companies continues to grow—now ranked among the largest energy measurement services and software providers in the world—so, too, does its involvement with CFF.