With more than 10 prospective pay zones and EURs of between 1 million and 2 million boe, appetites are whet for a slice of the Powder River Basin’s more than 1 million acres.
Pardon the revisit to the up-and-coming Mississippian plays in Oklahoma’s Anadarko Basin.
Forrest Hise is betting on Gulf Coast conventional oil and gas.
If U.S. exports are to reach their potential, more infrastructure and better data are needed, said Continental Resource Inc. chairman and CEO Harold Hamm.
The Delaware Basin’s voluminous production commands attention, but the Stack is catching up, with analysts saying the Oklahoma shale play added 1.5 million acres economic at $50 since 2016.
Two operators are finding overlooked resource in the Osage and Merge plays, while the Stack’s founder has its sights on Sycamore and Caney potential.
The market has a legitimate reason to pay attention to OPEC and U.S. shale production in the short term as they will shift the market in the next few years.
As WTI pushes through $50 and above, E&Ps are more apt to hedge. The tools they use depend on their conviction on prices.
When price relief doesn’t materialize and debt looms, oil and gas executives may have to address a weak balance sheet. Acknowledgement is step one.
The energy space is in a great deal of turmoil and distortion right now.
From the Editor-in-Chief
Are U.S. shale economics sustainable to keep production growing enough to meet the world’s appetite, or will deepwater exploration be the longer-term solution?
On the Money
The playbook of prior hurricanes was to drive down crude prices as Gulf Coast refineries went offline, taking down demand.
Buying a ticket to Permian Basin production—already the most expensive show in shale last year—now carries an additional surcharge in 2017: investor hostility.