- Tight Gas & Oil
- Gas Hydrates
GasFrac served the Utica, Eagle Ford and other North American basins using waterless fracking techniques that use gelled propane, butane or pentane as fracturing fluid.
Without hedges, the company intends to cut 2015 capex by 73% until service costs fall.
Magnum Hunter CEO Gary Evans is waiting for service costs to drop 40% before the company restarts drilling.
Organic entry is impossible now, but private operators have positions they might sell.
‘The stacked nature of these plays will provide numerous advantages to future play development and competitiveness,’ VP Hutchings said.
Small cap and huge independents are ready to make deals as the market saps the strength of stressed companies.
It offers double-digit returns even in a depressed price market, said Craig Adams, president and CEO of Newark E&P Operating LLC.
‘The Anadarko Basin is not a five-minute story like other shale plays. It is more complex, but we like the optionality of either oil, gas or liquids, shallow and deep,’ said Four Point’s Brad Marvin.
Inside the deal for the historic field near the southwestern edge of the Powder River Basin. It has produced 28.5 million barrels (MMbbl) of oil with an estimated 300 MMbbl in place.
Navigating the Marcellus-Utica regulatory landscape is tricky, but solid strategies for success have been developed.
The shale gas company’s deal comes after executives have said they want to sells assets to reduce debt.
Transactions for D-J acreage double reserves, cash flow and production to 1,000 boe/d, enabling the company to become cash-flow positive.