Oil and Gas Investor Magazine - August 2015
Cover Story
Green Shoots In Greeley
Niobrara drillers have been able to drill through the downturn, albeit at a much slower pace. Spending less, in some cases they will drill as much as in previous years, or more.
Feature
At What Price Capital?
Cash-strapped E&Ps find a deep pool of energy funds poised for placement, but with new-look structures, and high expectations.
Bakken Production Amid Declining Rig Counts
Despite a 58% decline in rig count from 2014, Bakken oil production remains resilient. North Dakota Department of Mineral Resources said crude production averaged 1.17 MMboe/d in April 2015.
Big Rates In Alaska
‘Old school’ wells in Alaska are delivering jaw-dropping rates for Armstrong Oil & Gas Inc. and its consortium partners.
Customer-anchored Supply Chains
The downturn is a good time to take a new look at the intricacies of the supply chain and to invest for competitive advantage.
New Twists On An Old Structure
Drill-to-earn JVs have benefits, but investors should keep in mind these caveats.
Ready To Move The Needle
Despite current commodity prices, select E&Ps have near-term catalysts that could move the needle. Here’s a rundown of some that are uniquely positioned.
Realism In The Downcycle
First Reserve has committed up to $1 billion in Mexico and has other opportunities in its sights. Its strategy is governed by prudence and realism.
The News From DUG East
The focus for Marcellus/Utica economics is shifting to operators having quality acreage and the best cost structure.
At Closing
The Rollover
Raymond James analyst Marshall Adkins rhetorically asks, “When will U.S. production roll over? It already has!” He took to task EIA projections that oil supply is still on growth trajectory.
Bright Spots
Meet Kristina Moore
In February, Kristina Moore joined FTI Consulting as a managing director in the strategic communications segment, where she is also part of the energy and natural resources practice.
Completions
Bank Shot
In a kickstart to the hottest A&D month in 2015, FourPoint Energy LLC said July 1 it had forged a deal to buy assets in the Anadarko Basin.
E&P Momentum
That's Burket With A Single T
Significance of the Burket is not the resource size; rather, it is the role the Burket will play in expanding the potential of the world-class Marcellus/ Utica natural gas province.
From the Editor-in-Chief
Hola, Private Equity
The next auction in the series will likely be held in first-half 2016. It will offer deepwater blocks near the U.S.-Mexico border, where reserve potential is far greater.
Legends
Chatting With Jim Iman
At press time, Iman was negotiating a merger between two service companies, where he represents the buyer. He said he can see the deal closing in about three months.
On the Money
An Iranian Riddle
How sharply will lifting sanctions impact demand/supply equation and world crude market sentiment in a more free market framework following the Thanksgiving OPEC meeting last year?