March 7, 2008
Gulf Coast Drilling
Last fall, approximately 700 drilling rigs were operating in the Gulf Coast region, representing about 40% of the onshore U.S. total. These rigs were owned by 86 drilling contractors, but six companies dominated, according to
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February 14, 2008:
Uncoventional Spending Worldwide E&P expenditures will climb 9.3% in 2008, according to Citigroup’s 26th annual E&P spending survey. Some 247 public and private operators were polled. In aggregate, they plan spending increases ...more
January 4, 2008:
Booking Horizontal Reserves A recent U.S. Securities and Exchange Commission comment letter has prompted oil and gas companies with horizontal drilling operations to closely review proved undeveloped (PUD) reserves-booking practices.Public companies preparing year-end ...more
December 6, 2007:
HIRING AND RETENTION TIPS Skill gaps are rising, just as entry-level salaries are. But solutions to offset the aging demographics of the oil and gas industry must be about more than money, according to ...more
October 3, 2007:
SURGING COSTS BITE PROFITS Revenues for upstream oil and gas companies grew by a solid 19% in 2006, compared with the previous year, but “a relentless upward march of costs” significantly bit into net ...more
September 6, 2007:
CO2 Sequestration The environmental movement to regulate CO2 emissions across diverse industries is gaining momentum in the U.S., but it is creating uncertainty for many executives and their lenders. “This is a ...more
August 3, 2007:
WELL PERFORMANCE High natural gas prices and new technology for unconventional plays are needed to overcome equipment cost challenges and the impact of imported liquefied natural gas, a new study shows. ...more
July 11, 2007:
2007 Capex Worldwide exploration and production spending in 2007 will increase 13%, up from 9% estimated at 2006 year-end, according to the Lehman Brothers analysts James Crandell and Angeline Sedita. Total 2007 ...more
June 8, 2007:
All-In F&D Costs Producers continue to reach deep into coffers to pay finding and development (F&D) costs this year, establishing a yet-higher new U.S. gas-price floor. All-in F&D soared 75% in 2006 to ...more
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