July 2017

Cover Story

In the horizontal San Andres play in the Permian Basin, private oil companies are kickstarting success by sharing drilling and completion data.

The extended global downturn took the oil and gas service sector below the economic waterline for two long years. As pricing optics improve, executives from two of the world’s largest service providers discuss lessons learned and where we’re going from here.

E&P Momentum

Fasten those seatbelts. Oil and gas has a been busier than commonly understood and the tsunami of accelerating field work in first-half 2017 will add significant crude oil production by year-end 2017.

Got your frack crews lined up?

If not, grab a ticket and get in line. Spot market waits are well beyond 90 days and, in some cases, now extend into 2018, especially for smaller oil and gas operators finding that bigger players have locked up a majority of new stimulation capacity.

From the Editor-in-Chief

Apache Corp. is out of the acquisitions business. And that astounding news comes from the company’s vice president of business development, Tom Yelich.


The answer depends on several factors, according to some of the first international oil companies to join Mexico’s offshore sector, post-reform. Rock quality and dollars are part of the equation.

Start-ups, majors and longtime players are back as the rig count and M&A action pick up in the Eagle Ford Shale.

At the University of Oklahoma’s annual Energy Symposium, big thinkers highlighted new challenges oil and gas leaders will encounter as the industry recovers.

Steve Schlotterbeck took the CEO title at EQT Corp. and its two publicly traded midstream companies on March 1, in addition to being president of the Pittsburgh-based gas producer since December 2015.

With private equity backing, Jonah Energy LLC has consolidated a famous field that competes at current natural gas prices.

As operators focus on extracting the rich reservoirs of oil offered by the southern Delaware Basin, EagleClaw Midstream Ventures LLC is building a system to capture and monetize the gas.

Four large independents have invested in a private equity fund to explore new oilfield technologies.

With the patents secured and a final investment decision near, Forrest Hoglund opens up about his new business.

Trends & Analysis

On May 24, independent producer EP Energy Corp. and refining giant Tesoro Corp. announced a joint venture (JV) that will be focused on oil and natural gas development in EP’s Altamont area in the Uinta Basin.

Bright Spots

At the beginning of 2014, Kyle Derham joined Rice Energy at an active and exciting time. The company IPOed that January when he signed on as vice president of finance. During his first year at Rice, the company issued more equity to finance an acquisition, executed its inaugural bond offering, and then took Rice’s midstream as-sets public through a master limited partnership.

Staci Taruscio’s wealth of expertise led her to branch out on her own. In May 2015, she founded Tulsa, Okla.-based E&P Rebellion Energy LLC, backed by Natural Gas Partners, and serves as president and CEO.

At Closing

At this time of year, media outlets publish their annual list of summer movie blockbusters coming to a theater near you, thoughtful or quirky art flicks for those who want to do a little thinking, and juicy beach reads for those who do not.

It may have gotten new impetus as of press time because major announcements were made about the future of automobiles and the fuels that make mobility possible. This might affect the oil and gas industry longer term, say in 20 years.

A&D Trends

Like the Haynesville Shale itself, Goodrich Petroleum Corp. appears to be reclaiming its identity, recently adding 2,200 net acres in DeSoto Parish, La., in the increasingly competitive gas play.

On the Money

There’s no shortage of pessimism going around. Such has been the resilience of U.S. unconventional production that a not uncommon view is crude oil prices are likely to be range-bound or under pressure in the near to mid-term.