- Tight Gas & Oil
- Gas Hydrates
Denbury should get needed production growth from the purchase of Salt Creek assets in Wyoming while Linn, pro forma for three asset sales announced in May, will be debt free.
The deal provides capital for EP to drill the Altamont Field and secures an oil supply for Tesoro’s refinery in Salt Lake City.
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.