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Magazines |
| Today's date is May 14, 2008 |  |
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With oil supply weak, global demand strong, is new norm $100?
Conventional wisdom has long suggested that speculators have been the culprits in driving global oil prices to stratospheric heights. But after crude prices hit an early April 2008 high of ...moreMay 7, 2008
Political risk in U.S. is now greatest risk to energy industry
Political risks are higher now than any other risks to the U.S. oil and gas business. Presidential candidates and current members of Congress need look no further than Alberta to ...moreMay 7, 2008
Smart acreage accumulation is key to play success
“You have to be willing to pay the rate to play the game if you’re going to be successful (in a resource play),” says Petrohawk Energy Corp. executive vice president ...moreMay 7, 2008
All in F&D costs dropped dramatically in 2007 to $2.52/Mcfe
All-in oil and gas finding and development (F&D) costs declined to $2.52 per thousand cubic feet equivalent (Mcfe) in 2007, down from $3.19 in 2006, representing a 20% decline, according ...moreMay 7, 2008
Wall Street financial earthquake of staggering proportion
“Life is very good in happy downtown Houston,” says John E. Olson, managing partner for Houston-based Pool Capital Partners LLC. Oil prices have gone from $60 to $113 in the ...moreMay 7, 2008
Old is new again, as Texas is ‘the hottest thing’
Old is new again, according to Terrance L. McGill, president of Enbridge Energy Co. Inc.“About 120 years ago, Texas was the hottest thing going in the oil and gas industry. ...moreMay 7, 2008
Technology driving costs down and recoverables up
Today’s technology is driving costs down and total recoverable resources up, according to panelists at the Developing Unconventional Gas conference in Fort Worth recently, presented by Oil and Gas Investor ...moreMay 7, 2008
Everything is in play in quest to find unconventional plays
In the race to acquire positions in unconventional-resource plays, “everything is in play right now,” according to Stephen Trammel, senior product manager of new product development for IHS Inc.Across the ...moreMay 7, 2008
Floyd, Marcellus, Ardmore Woodford getting attention
While the Barnett shale remains the industry standard for unconventional plays, numerous other shale plays are attracting increased attention. For example, the Floyd shale in northwestern Alabama has been facing ...moreMay 7, 2008
Korell: Observation of incongruities led to Fayetteville success
For years, Harold Korell has been a fan of business management guru and author Peter Drucker. Korell, the chief executive of Southwestern Energy Corp., says Drucker talks of innovation and ...moreMay 7, 2008
Chevron’s Paul: Every molecule counts as demand rises
Every molecule counts. That’s the message of Don Paul, the recently retired chief technology officer for Chevron Corp. He joined the company in 1975 as a geophysicist, but he goes ...moreMay 7, 2008
Executives expect the current cycle will last longer
“The current cycle will be stronger for longer,” Schlumberger chairman and chief executive Andrew Gould said at the 36th annual Howard Weil Inc. investment conference in New Orleans recently.Those same ...moreMay 7, 2008
Operators must match right rig to the well
Commodity prices have spawned a new pricing paradigm, says Douglas Wall, chief executive of Patterson-UTI Energy Inc. Snyder, Texas-based Patterson-UTI owns 350 land-based drilling rigs that operate in 13 states ...moreMay 7, 2008
Colombia welcomes U.S. as trade partner; seeks oil investors
In a region that is becoming increasingly hostile to U.S. energy businesses, Colombia has opened its doors as one of the staunchest allies in Latin America and has reaped financial ...moreMay 7, 2008
Well-service rig fundamentals, rating improving
In tandem with the recent rebound in the OSX (Oil Service Index), the U.S. well-service rig outlook is also getting brighter.Currently, there are about 3,600 marketable well-service rigs throughout the ...moreMay 7, 2008
New York, Houston decouple in terms of profitability
The economy right now is “really a tale of two cities,” Peter Gaw, president of CIT Energy, says in a podcast interview. Gaw recently joined CIT Energy in Houston in ...moreApril 21, 2008
Energy executives expect more M&A, cite challenges
Some 69% of energy-industry participants in a survey by CFO Research Services with commercial finance company CIT Group Inc. expect M&A activity to increase in 2008. The November survey was ...moreApril 21, 2008
Chesapeake shot seismic over DFW in the dark
Chesapeake Energy Corp. expects to reach peak production from its Dallas-Fort Worth airport lease of 250 million cubic feet of gas per day in the next two years, according to ...moreApril 21, 2008
Natural gas to become new global energy commodity
Natural gas is set to become the new global energy commodity due to market-changing pricing, contracts and emerging arbitrage opportunities, Michael Stoppard, Cambridge Energy Research Associates senior director for global ...moreApril 21, 2008
Energy executives expect more M&A, cite challenges
Some 69% of energy-industry participants in a survey by CFO Research Services with commercial finance company CIT Group Inc. expect M&A activity to increase in 2008. The November survey was ...moreApril 21, 2008