- Tight Gas & Oil
- Gas Hydrates
Impacts from falling commodity prices is old news. The new news at Scotia Howard Weil is about new techniques to develop additional formations in the Eagle Ford and develop ways to reduce the cost of deepwater development.
With the shock value of 20% to 80% capex cuts fading, producers might start pulling back production as the oil market keeps tightening and Saudi Arabia flexes its economic muscles.
North Dakota has cut billions from its budget, Texas revenue is down 40% in February, and Alaska is 90% dependent on oil revenues.
Operators are employing several tools to increase production despite budget cutbacks, including high grading acreage, high-intensity completions and leveraging lower service costs to navigate the new low oil price era.
In the span of two days Southwestern Energy sells its Pennsylvania gathering system, along with its East Texas, Arkoma Basin assets for more than $700 million.
Since the release of the new mandates, several oil and gas industry organizations have voiced their opposition saying they are duplicative and “a step in the wrong direction.”
A Pennsylvania-based oilfield service firm is enjoying robust growth, thanks to its emphasis on quality, safety and its innovative approach to forming key strategic alliances.
Industry veteran warns that the downturn could be a three-to-four-year issue—and much tougher than anticipated. "Make sure you have liquidity to 2018," he says.
After spending more than $5 billion in the Marcellus and buying assets from Statoil and WPX, the company plans to divest up to $800 million to overcome a cash flow gap.
Energy trade associations say the U.S. Environmental Protection Agency’s recent proposal for stricter air quality standards is premature and current standards have not been fully implemented.
Additional pipeline service is needed because of increased production from the Woodford Shale as well as new capacity required from the emerging Springer Shale.
The agenda aims for safe and responsible energy development and good government while encouraging innovation. Regulations concerning hydraulic fracturing, BOPs and methane emissions are forthcoming.