Exploration & Production

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Exploring The Utica With Gary Evans, CEO, Magnum Hunter Resources

Mon, 08/03/2015 - 09:02

Magnum Hunter Resources has the southeastern-most well in the entire Utica play--the Stuart Winland well in Tyler County, W. Va. It was one of the largest wells reported, CEO Gary Evans said at Hart Energy's recent DUG East conference. The Utica extends farther south, and projects will be deeper. The main concern is "hitting volcanics--you're going to have H2S or CO2 or all the nasties that come with a deeper horizon."

Rig Count


Oilfield Service Deals Stagnate For Want Of Buyers

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.

Wed, 05/20/2015 - 09:58

EnerVest CEO: $30 WTI Not Out Of The Question

Oil exports are needed, but improbable, as U.S. oil supply builds. Near the end of March, storage at Cushing, Okla., had grown to 58.9 million barrels, about 80% of capacity.

Wed, 04/08/2015 - 16:22

Cushing Storage Capacity Is Being Tested

U.S. crude oil in storage grew by 8.4 million barrels—twice as much as commodity analysts expected—to 1.125 billion barrels for the week ending Feb. 20, according to the EIA’s weekly report Wednesday. Of that, 434 million was in non-SPR storage, up from 363 million a year ago.

Tue, 03/03/2015 - 10:27

Sanchez, Halcón Latest E&Ps To Tamp Down Capex

Halcón’s budget will fall 60% from 2014 levels while Sanchez reduces rigs.

Fri, 01/09/2015 - 11:27