For Marathon Oil Corp., 80% of the company’s growth of 200,000 barrels of incremental production per day is expected to be driven by the Bakken, Niobrara, Woodford and Eagle Ford shale plays.
The challenge in the western, oily window of the Utica shale play in Ohio is that the reservoir there tends to be normally pressured, according to John Richels.
Analysts have called Laredo Petroleum Holdings “the next Concho,” referring to its big growth profile in the Permian Basin as a pure play on that oil-rich region.
In one fell swoop Floyd Wilson’s Halcon Resources Corp. added another half to its proved reserves base and nearly doubled its existing production with its $1-billion acquisition of GeoResources Inc.
While the 2012 year in U.S. oil and gas dealmaking has been relatively quiet thus far, notwithstanding a handful of statistic-skewing blockbuster acquisitions, the second half of the year looks to be hot with activity.