Researchers find that water volumes for fracking within watersheds across the U.S. range from as little as 2,600 gallons to as much as 9.7 million gallons per well.
Sectarian strife in the Middle East poses serious risks.
Companies are motivated by ambition and opportunity, while sellers are trying to get ahead of debt or stay afloat in a turbulent year for A&D.
Multiple political and military trends, along with the rise in U.S. crude oil and natural gas production, are occurring at the same time. And that makes for an uneasy situation, Tom Petrie says.
Logistical headaches created by road closures, safety precautions and the general difficulty operating in inclement weather hold the potential to buffet production volumes in the D-J Basin.
Data from the EIA’s latest drilling production report projected about 16 MMcf/d will be produced in the Marcellus alone in July, up from about 15 MMcf/d in July 2014.
Diamondback has its critics, but the company continues to defy expectations with deals, upped production and costs low enough to boast a $30 WTI breakeven.
In the Permian, Eagle Ford, Utica and other plays, nearly three dozen deals have cropped up as upstream A&D tries to continue its strongest rally since December.
Companies look to grow through acquisitions, buy distressed assets or escape being gutted as they run out of money in what looks to be an unpredictable finish to 2015.
Lifting the decades-old ban on crude oil exports in the U.S. would not only benefit producers, but also help redefine the country’s superpower status, said Tom Petrie of Petrie Partners.
The industry ‘is learning to navigate through a new reality,’ says a Pricewaterhouse Coopers analyst in a report covering Canadian upstream, midstream and field service sectors.
The E&Ps that produced the most oil in the eight best U.S. counties are saying production will fall in the Eagle Ford and Bakken, a sign growth will stall.