Oil and Gas Investor Magazine - December 2013
Cover Story
How Full Is Your Glass?
As some E&Ps approach free cash flow in manufacturing mode, others are still de-risking resources—particularly in the Permian Basin.
Feature
A&D 2014: The Shape Of Deals To Come
Some analysts believe the A&D market will rebound in 2014, others that it will remain soft. With values at historic highs, large corporate takeovers appear unlikely.
Company Profile: Fasken's First 100
An unlikely West Texas rancher set the stage for a modern-day family legacy built on oil and gas.
Money Flows, Focus And Multiples
Diversification used to be considered a selling point.
Permian Timing
The Permian Basin has always been the most coveted basin in the US and, therefore, has always commanded a premium over all other basins.
U.S. Oil Supply & Demand: Driving Into Oil Demand
What are the factors that could affect oil demand in 2014 and beyond?
U.S. Rig Count: Drilling Action - The EIA Wades In
It takes a lot of rigs to offset depletion in major U.S. oil basins.
Wolfcamp Drillers Push North
The revival of oil production in the Permian Basin is one of the more exciting developments since the emergence of light tight-oil development.
At Closing
Encana's Five
It seemed like a good idea at the time, splitting its integrated oil and natural gas divisions into separate entities in 2009.
Bright Spots
Meet Matt Weinriech
Finding oil and gas motivates Matt Weinreich, team lead for geology and geophysics for Talisman Energy USA Inc.'s Marcellus delivery unit.
Company Briefs
Company Briefs
Talisman Energy Inc. (Toronto: TLM; NYSE: TLM) agreed to sell part of its Montney acreage in northeastern British Columbia to Progress Energy Canada Ltd. for C$1.5 billion (US$1.43 billion).
Completions
Facing Those 'Strange Changes'
In 1971, a fresh-faced David Bowie warned his elders to “Turn and face the strange changes.”
E&P Momentum
How The Anadarko Stacks Up
The future of stacked horizons in oil and gas got a little brighter in October when Newfield Exploration Co. announced the “Stack” play in Kingfisher County, Oklahoma.
From the Editor-in-Chief
What's Coming Down the Pike
There are many questions to ponder, including whether natural gas prices are poised to revive (we think not), and will US production continue upward while costs go down (we say yes).
Gulf Coast
Gulf Coast
A horizontal Buda producer was announced by Corpus Christi, Texas-based Virtex Operating Inc. in western Atascosa County (RRC Dist. 1), Texas.
International Highlights
International Highlights
Saudi Aramco has begun a major shale-gas exploration campaign targeting the Kingdom's estimated 600 trillion cubic feet of shale gas and other unconventional deposits.
Legends
Chatting With John Butler
Throughout his 51-year career, John R. Butler Jr. has been on the cutting edge, leading public and private companies that pioneered software for production databases and seismic processing.
MidContinent & Permian Basin
Midcontinent & Permian Basin
In the Delaware Basin, Houston-based ConocoPhillips completed a horizontal Wolfcamp discovery in Culberson County (RRC Dist. 8), Texas.
NewsWell
After Years As A Safe Bet, MLPs Underperform
After a period of sustained growth, master limited partnerships (MLPs) have underperformed compared to the Standard & Poor's (S&P) 500 in the second half of 2013.
Europe's Investors Show Interest In New World Shales
Europeans might have been perplexed by the recent U.S. government shutdown, but they have deepening understanding—and curiosity—about the booming U.S. shale plays.
Macquarie Tristone: Energy Lenders Adjust Their Oil, Gas Price Decks
A recent survey shows that energy lenders have increased their oil price decks significantly in the second half of the year while holding their gas price decks steady.
Mercedes Or Chevy? Permian Valuations Ride On The Asset
Permian Basin acreage values have escalated significantly since 2010, but would-be asset sellers must ask themselves, “Am I driving a Mercedes, or a Chevy?”
Oklahoma: More Oil Keeps Flowing Off The Plain
Oklahoma's oil and gas production, while overshadowed by the surge in unconventional production in North Dakota and Texas, has doubled since 2005 and reversed 20 years of declining rates.
Projects In Deepwater Gulf Of Mexico On The Upswing
Activity in the deepwater Gulf of Mexico ( GOM) is on the upswing post-Macondo, thanks partly to seven key technologies.
Return Of Iranian Oil Exports Could Change Market Prices
Iran could be on the brink of caving in to international pressure to end its nuclear program, after a painful oil embargo.
SandRidge, Chesapeak Founder Ward Wades Back Into E&P Pool
Tom Ward has hired landmen, formed a company, rented office space and is looking at assets, but says he isn't back in the E&P game.
U.S. 'Exceptionalism' At Stake In Energy Battle
The ability to access affordable energy resources without excessive government intrusion goes far beyond the oil and gas sector's mantra of jobs creation.
Unconventional Oilfields To Drive 2014 Capital Spending Growth
E&P spending in U.S. oil basins is poised to significantly increase in 2014.
Without U.S. Tight-Oil Surprise, World Prices Would Be Higher
Recent government and analysts' reports paint a dramatic picture of the stunning rise in U.S. oil production, which has continued to surprise on the upside.
Western US
Western U.S.
A Uinta Basin discovery was announced by Bill Barrett Corp. in Section 16-4s-7w in Duchesne County, Utah.