Oil and Gas Investor Magazine - December 2015

Cover Story

The Building Blocks Of Gas Demand

Multiple new end-use projects will depend on rising output from shale plays. Here’s a look at what’s happening and how gas prices may respond.

Feature

Financial Survival Tactics

The gauntlet of redeterminations and restructurings that started this past year will extend into 2016. Here are the moves that can help E&Ps survive.

Louisiana Cotton Valley

Toiling in the shadow of the Haynesville Shale, two pure-play Cotton Valley producers believe they have struck richer soil, and are seeking more.

Mexico: North American Gas' Best Option?

In the current projection from Stratas Advisors’ Global Gas Service, Mexican natural gas demand is expected to rise some 55% from 2012 to 2030, from just over 6 Bcf/d to 9.7 Bcf/d.

Survey: Impacts Of Lower Oil Prices On Strategy

Grant Thornton LLP’s survey conducted at midyear reflects what’s top of mind for oil and gas companies as commodity prices languish.

Talos Dives In

Privately held Talos Energy won two shallow-water blocks in Mexico’s historic first bidding round for offshore tracts. Here’s how and why the deal went down.

The Cimarex Way

Cimarex Energy Co. has a tradition of generating prospects internally. President and CEO Tom Jorden tells how, mixed with a little bit of luck, this strategy has worked.

The News From DUG Eagle Ford

The rig count is down but production remains healthy in this mighty oil shale. And new sweet spots keep surfacing.

A&D Trends

Eagle Ford Buyers Target Shrinking Sweet Spots

Goldman Sachs calculates EnerVest paid $22,000 per acre, in line with acreage valuations paid during the height of the oil boom in 2013 and 2014. The deal was for some 1,500 nonoperated net acres in Karnes County.

At Closing

The Case For Eighty

Specifically, the supply and demand numbers published by the IEA in July for second-quarter 2015—the very numbers that are causing widespread weeping and gnashing of crude-addicted teeth—are wrong, plain wrong.

Bright Spots

Meet Charlie Shufeldt

In a recent interview, Charlie Shufeldt discussed IOG’s strategy and the financing needs of independents.

Completions

The Tyler Formation Falls In

Now, the Williston Basin is up for a new physical after Hoeven pressed USGS director Suzette M. Kimball in late October to update the 2013 assessment.

E&P Momentum

Austin Chalk 3.0

Daily production from 117 wells co-targeting the Chalk and Eagle Ford is just shy of 16,000 bbl/d of oil. Austin Chalk 3.0 has generated more than 5 MMbbl of new oil in less than three years. More is coming.

From the Editor-in-Chief

M&A: More Questions Than Answers

One bright spot: The proposed deal shone a spotlight on the favored Permian Basin, where M&A activity remained strong this year (fueled in part by 80 private-equity-backed E&Ps). Apache holds the third-largest acreage position in the basin.

On the Money

Making It To The Other Side

Imagine you’re on a journey, and you have a couple of rivers to cross. At the first, there is an evenly spaced series of stepping stones, close to one another, and you move swiftly across.

Petrie Partners Up With Rothschild

The partners also share an optimistic perspective, with an emphasis on working with clients from an early stage, and heading off the eventuality of a “zero-sum game” in a bankruptcy.