OGI This Week
Looking Ahead: The CEO of EnerVest Ltd., which did $3 billion in transactions last year, outlined why the company is focused on natural gas, and why his outlook for ‘long-term gas prices’ is ‘bullish.’ Rising Star: North American ‘regional independence’ might ‘take the leading role’ in the world’s energy, according to Deborah Byers, the U.S. oil-and-gas-practice leader for Ernst & Young. Fuel The Growth: A burgeoning midstream industry could use an infusion of about $1 trillion, according to Bill Marko, a managing director for Jefferies LLC.
Better Together: Operators developing Australia’s unconventionals need to collaborate and not ‘repeat each others’ mistakes,’ said the general manager for unconventionals at Santos Ltd. Full Of Promise: The rugged and rock-filled Northern Territory of Australia is ‘the next big thing’ in energy, according to the CEO of Armour Energy Ltd. Primed For Growth: Coal seam gas and LNG activity has benefited Queensland, Australia’s economic prospects, according to the Queensland Government’s minister for Natural Resources and Mines.
Money Matters: Financing solutions are “rarely, if ever tailor-made” for exploration and production companies, said U.S. Energy Development Corp.’s vice president of business development. Join ‘The Fracking Conversation’: Social media is an “underutilized” tool in the industry, according to a survey. Technological Boon: “A good high-resolution seismic survey” could help the exploration of unconventionals.
‘Deeply Embedded’ Challenges: Louisiana’s oil and natural gas industry faces “legal hurdles.” A Trend With Staying Power: The trend of “monster wells,” also described as “upsized fracks, upsized completions or enhanced completions,” is “coming of age” in the industry now. Watch And Wait: “Uncertainty about regulations” looms in Texas, according to Alex Miller, the president and chief of staff of the Texas Alliance of Energy Producers.
Going Once, Going Twice: Wells in the Permian Basin that were linked to an oil and gas company accused of fraud by the SEC are being sold. Wait And See: The results of second-quarter earnings reports indicate that some E&Ps should wait until acquisitions “pan out before judging whether buys were a smart move.” Keep It Coming: Mexico will continue to need natural gas from the United States, according to analysts.
Day in court: Michigan Attorney General Bill Schuette says Chesapeake Energy Corp. and Encana Oil and Gas USA tried to avoid a “bidding war” and now face criminal charges. Predictions: Tom Petrie, of Petrie Partners, detailed his views on the industry’s future at DUG Midcontinent. Golden opportunity: Sen. Lisa Murkowski (R- Alaska) says America’s “surging oil production” is yielding a bright future—“a golden opportunity.”
Hart Energy Events
9/15/14Conference: DUG Eagle Ford - The Extraordinary Expanse of the Eagle Ford: A Play Like No Other
10/16/14Conference: Offshore Executive Conference - The Gulf of Mexico Renaissance
11/10/14Conference: Executive Oil Conference - Platinum Performance in the Permian Basin
11/20/14Conference: North American LNG Exports - Expanding Beyond the Gulf Coast