Operators Keep Eyes Open For Emerging Opportunities To Grow Permian Positions
February 2024 Cover Story
One constant in all oil and gas basins is that the engines of corporate M&A drive the gears of property A&D, for opportunistic operators of all sizes and even new startups that find proverbial treasure in the wake of large deals. Often as not, the first to recognize the upside potential are familiar names and faces seeking to return to proven properties and leverage time-tested operating strategies.
Acquisitions Fuel Growth, Diversified Production Mix For SilverBow In South Texas
February 2024 Editor's Choice
The Eagle Ford’s depth-related crude oil, wet gas and dry gas windows offer opportunities across all three hydrocarbon phases to help offset commodity price risk. Add in the Austin Chalk just above the Eagle Ford, and it takes portfolio diversity to a whole new level.
A few bubbles rose to the surface in early January, following a couple media reports that the Biden administration might freeze new approvals for liquefied natural gas export terminals until after the 2024 elections.
The post-flowback behavior of horizontal wells completed with multistage fracturing typically includes steep hydrocarbon production declines that often are accompanied by increasing water cuts. In fact, well production in many unconventional basins declines by more than 40% on average during the first six months of production. While reservoir fluid properties and production characteristics play an important role, this behavior is partly the result of both near- and far-field fracture conductivity damage.
Although the Biden administration is pursuing net-zero greenhouse gas emissions targets, a new report from the RealClear Foundation should give pause to those policies’ backers. In other countries that have pushed aggressive energy transition, promises of climate-friendly energy are not working.
The Bureau of Land Management’s proposed Rock Springs Resource Management Plan Revision prohibits oil and gas leasing on 2.5 million acres based on flawed assumptions about development’s impacts. In a letter to the BLM, the Petroleum Association of Wyoming and the Western Energy Alliance explain why the draft must be revised to reflect today’s technologies and best practices.