A new energy futures market will deliver cost reductions of up to 75%, for example, when market participants buy or sell options on key energy benchmarks, according to NASDAQ executives.
While M&A activity has slowed in the energy sector, private equity is finding new ways to invest until it picks up again.
Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.
After three years and $2.2 billion spent buying Eagle Ford, Permian and Arkoma Basin assets, Atlas plans to use $35 million in proceeds to pay down debt.
While the company is dedicated to Alaska offshore projects, it is also focused on the Permain, western Canada and the Utica Shale. ‘They are large enough to matter to a company the size of Shell,’ Odum says.
Gov. Greg Abbott signs a bill that erases November’s Denton, Texas, hydraulic fracturing ban but many ordinances, particularly subsurface oil and gas regulations, may also be history.
The company, struggling after a $665 million deal fell apart, is also selling Liberty County, Texas, oil and gas leases it owns and operates on about 680 net acres.
According to a new IHS report, more than 170 mature oil plays worldwide have the potential from horizontal drilling and hydraulic fracturing to produce as much as 141 billion barrels of oil.