Oil and Gas Exploration

GLO STATE LEASE AUCTION

I-10 stretches a staggering 877 miles across Texas, encountering countless different cities, speed limits, potholes, and restaurants along the way. In the GLO’s recent offering of over 115k net acres across 335 tracts across the state, the vast expanse of Texas’ mineral wealth comes into focus. The acreage is scattered across 20 different counties meaning companies of every scale will be looking at it. Region Notes Permian Basin headlines the

Cube Development in Shale – What Does It Mean for US Oil & Gas Markets?

Modern shale drilling has largely to date been a 2-dimensional activity. The operator drills horizontally through a single shale layer with wells then taps one layer at a time. That is, until now! Spurred on by the potential benefits of economies of scale and improved well productivity rates, operators, such as Encana and Devon Energy corporations, are starting to drill multiple shale layers simultaneously. And the numbers are staggering! On

GOM Lease Sale 250 – Results are in!

The GOM Lease Sale 250 results were reported this morning. As a whole there were 159 bids on 148 tracts, with a total of $124.7MM(US) high bids and $139.1MM(US) total bids. There were 33 companies that participated with 24 walking away with new acreage (Figure 1). More detailed information from the DrillingInfo scouts about each block bid & all awards at the bottom of the article. Most companies won everything

Eclipse Resources Expands Its Position In The Appalachian Basin, What To Expect.

As Wall Street discounts stacked pay by punishing high cost per acre, Eclipse Resources made an interesting play in January to lower their average per-acre costs that stirred investors. After announcing their acquisition of Travis Peak’s 44,500-net-acre, $93.7 million Flat Castle project in Northeast Pennsylvania, their stock dipped initially before jumping 20%. This $1,900-per-acre cost is less than the recent deals targeting the Utica in the Appalachian Basin. After their

Peru – Is the Glass Half Empty or Half Full?

Thoughts of Peru typically conjure up a land of mystery. From its most popular tourist destination of Machu Picchu high in the Andes Mountains, where visitors flock to witness the grandeur and beauty of the Incan culture and the magnificent ancient city constructed without the benefit of modern tools or technology, to the elaborate Nazca Lines in the deserts of the south, depicting huge figures that can only be seen

Are There Missed Opportunities for Conventional Drilling in Unconventional Producing Reservoirs?

By now we’re all used to the latest analyst opinions on the prospects of share price gains for publicly traded companies in the oil and gas space. Company X drills an extension well on a sweet spot trend and underperforms on well tests, and the stock sinks. Company A goes to the fringe areas of a play to escape high lease pricing, drills a well and –BOOM—they prove up a

WTI at $65, the patch has come alive! Come see us at NAPE

Henry Hub at 3 and change, my prospect econ’s now in range! Forgive the drivel but we, like you, are really excited about the near- and long-term future of the ‘patch’. The improvements in pricing have affected operations in EVERY basin, providing good to excellent margin support for deals and prospects far and wide. Whether it’s someone trying play mid-Devonian carbonate reefal analogs out of the Alberta, Canada’s Golden Spike

WTI at $65, the patch has come alive! Come see us at NAPE

Henry Hub at 3 and change, my prospect econ’s now in range! Forgive the drivel but we, like you, are really excited about the near- and long-term future of the ‘patch’. The improvements in pricing have affected operations in EVERY basin, providing good to excellent margin support for deals and prospects far and wide. Golden Spike field, Alberta,Canada—bubbled by cumulative oil (source: Drillinginfo web app) So sign up for our

Top 10 Oil and Gas Exploration Discoveries of 2017

With oil and gas exploration activity at a record low, the number of successful new-field wildcats that completed drilling during 2017 was just over 200, similar to 2016 but down from over 400 in 2014. Offshore West Africa reflected the downturn with only four new discoveries made compared to 16 in 2014. Three of these came in Senegal and the Yakaar 1 deepwater gas discovery heads up the 2017 top

US Offshore Drilling Announcement Unleashes Oil & Gas Development Potential

On January 4, 2018, US Secretary of the Interior Ryan Zinke announced the National Outer Continental Shelf Oil & Gas Leasing Program (National OCS) for 2019–2024. The new plan proposes to make over 90 percent of total OCS acreage available for future exploration and development and targets the largest number of lease sales in US history. The plan is in great contrast to the current program, which puts 94 percent