- Tight Gas & Oil
- Gas Hydrates
GEP Haynesville acquires Haynesville leases as companies such as BP dig in with rigs and others fortify positions through deals.
The company returns with deals in Louisiana while holding on to its Tuscaloosa Marine Shale and Eagle Ford positions until the right price and buyer comes along.
Since the summer months of 2016, activity has been on the mend in the Haynesville as rigs consistently picked up and are expected to remain steady throughout 2017-2018.
Monster fractures and M&A are boosting regional activity in the ArkLaTex.
Whether ‘lower for longer,’ ‘lower forever’ or the ‘new normal,’ oil prices in the $50 range require E&Ps to rethink how to do business.
Some E&Ps are ramping up production, spending more, ignoring balance sheet repair and continuing to get rock bottom prices from oilfield service companies. Can the recovery handle it?
The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.
Analysis from Haynes and Boone, Poten & Partners indicates positive signs for North American industry.
North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.
For crude prices to average $50 to $52 in 2017, OPEC must extend quotas and maintain compliance, and demand must increase, according to a report.
However, sellers’ value expectations may lead to a widening of the bid-ask spread, PwC said.
Seven years since its last assessment, additional drilling and data show the shale plays outshine the Marcellus and Utica, both of which were last assessed at the beginning of the decade.