Posts Tagged ‘oil’
Surviving Acquisitions and Divestitures – A guide for Oil & Gas Professionals
Acquisitions and Divestitures (A&D) are a part of the asset allocation strategy for oil and gas companies and are constantly evaluated on both a short and long-term basis. Oil and gas companies seek to acquire assets that maximize core competencies and increase shareholder value. Operators look for assets where geological knowledge of formations is available,…
Read MoreRevisiting the Barnett Shale Play
The Barnett Shale play contains one of North America’s largest onshore natural gas fields. The north-central Texas’ Fort Worth Basin contains trillions of cubic feet of reserves in an area spanning about 5,000 square miles across about 20 Texas counties. Core O&G production areas are in Denton, Johnson, Tarrant, Dallas, and Wise counties, where the shale…
Read MoreUltra-Deepwater Drilling on the Rise
By Chris Sutton – Partner, Clover Global Solutions, LP According to the Bureau of Ocean Energy Management (BOEM), “ultra-deepwater” generally refers to drilling at depths of 5,000 feet and beyond. As new technology is allowing for drilling at greater depths, the worldwide supply of ultra-deepwater rigs is on the rise. According to offshore deepwater drilling…
Read MoreUnconventional Energy expected to create Three Million Jobs by 2035
This month, market intelligence firm, IHS released a report entitled “America’s New Energy Future: The Unconventional Oil and Gas Revolution and the U.S. Economy.” Our blog post will focus on a few of the numbers in the report, especially this one: Between now and 2035, unconventional energy will generate millions of jobs.
Read MoreUS Expertise & Technology needed in developing International Shale Plays
In our exporting LNG blog post, we discussed how the U.S. shale boom may cause the U.S. to become an LNG exporter in the near future. The success of shale in North America has also sparked interest in other parts of the world, including Europe, Asia, and Australia.
Read MoreWill the US become an LNG Exporter?
Just five years ago, many oil and gas experts believed that U.S. natural gas production was declining. In fact, the Department of Energy (DOE) predicted as recently as 2009 that the U.S. would become dependent on foreign natural gas for decades to come.
Read MoreShale Plays Transforming US Onshore Rig Fleet
Six or seven years ago, only 10% of oil rigs in the United States were used to drill horizontal wellbores. Now, more than 60% of oil and gas projects require horizontal drilling. Why? The U.S. oil and gas industry is trending towards shale and other unconventional resources – and wells reaching these resources are drilled…
Read MoreBakken Shale Play – A Key Driver in the North Dakota Economy
Although North Dakota began producing oil in 1951, the state’s shale boom began in 2007 after the discovery of the Bakken Shale Play. The shale formation extends over parts of North Dakota, Montana, and Saskatchewan, Canada – and there is an estimated 24.3 billion barrels of recoverable oil in the U.S. portion of the Bakken…
Read MoreUS E&P Benchmark Study
This report presents the US exploration and production (E&P) results for the five-year period from 2007 through 2011 for the largest 50 companies based on 2011 end-of-year oil and gas reserve estimates.
Read MoreExploration & Production in Sensitive Environments
A growing percentage of the nation’s untapped oil and gas resources are located in sensitive environments, such as the Arctic, wetlands, coastal areas, and the outer continental shelf. Over the past four decades, the oil and gas industry has been developing new technologies and approaches for operating in these environments without harming them. For example,…
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