After a dormancy that befalls so-called mature plays, the Marcellus Shale is seeing renewed interest in deals for upstream and midstream assets. Newly formed Greylock Energy LLC now owns both.
The Eagle Ford has produced 2.5 billion barrels of oil and will generate another 2.1 billion barrels, DrillingInfo Executive Chairman Allen Gilmer told attendees of the recent DUG Eagle Ford conference.
While some distressed credits are still being restructured, sentiment in energy lending has markedly improved, and being back to “business as usual” feels more than just good.
With a more disciplined approach to preserving capital and an increased focus on core basins, some operators have shifted their efforts after emerging from bankruptcy.
The largest crude stream today is medium sour crude (API range between 26 and 35 with sulfur content no less than 0.5%), which accounts for about 34.5% of global crude supply.
On the Money
As the calendar passes from one year to the next, there’s a natural tendency to look back to see how some of the energy landmarks have shifted over time.
From the Editor-in-Chief
Last year, public-equity investors abandoned the oil and gas space. Could private-equity investors do the same this year?
Tinkering with completions in the Haynesville Shale has led operators to better wells and expanded the economic sweet spots.
We've been watching with interest several developments over the past few weeks that illuminate trends in natural gas.
Carl Icahn turns 82 in February, but in 2018 the indefatigable activist continues to live up to his reputation as an auteur investor, E&P arsonist and CEO slayer.
E&Ps are waxing up their managerial surfboards to navigate an onrushing wall of water demand rolling toward the oil and gas industry.