WASHINGTON–Contrary to the notion of impending “peak” hydrocarbon supply and demand, the U.S. Energy Information Administration’s Annual Energy Outlook 2021 (AOE2021) predicts that U.S. oil and gas supply will bounce back to pre-COVID levels over the next couple years and then continue to climb into the foreseeable future.
MIDLAND–Exploration, drilling and production companies may find it difficult to understand the difference between support solutions and support services. Many companies have different interpretations of each according to their own experiences.
New Field Discovery, Rediscovery of Legacy Assets Quickens America’s Activity Pace
February 2021 Cover Story
With WTI oil prices rallying 15% in the first month of 2021 and late-winter cold lifting Henry Hub back toward $3 MMBtu by early February, market momentum is clearly swinging in a positive direction. While the bulls may not be off and running just yet, with a growing number of analysts projecting further price strengthening and rig and frac spread counts increasing by the week, the bulls are beginning to gather in the oil and gas pen again.
The Merriam-Webster dictionary defines cyclicity as the state of occurring or moving in cycles. It could have saved some ink and simply written “see oil and gas.”
For four generations, the Maclaskey name has been associated with crude oil purchasing and transportation services, beginning in Eastern Kansas in 1924. Today, Maclaskey Oilfield Services Inc. has a fleet of state-of-the-art equipment for oil and water hauling, well servicing, pumping and other operations in Kansas, Oklahoma, Texas and New Mexico.
HOUSTON–With the anniversary of the April 20 collapse of the WTI crude futures contract approaching, the market continues to consider U.S. Gulf Coast-based benchmark alternatives, with Platts American GulfCoast Select (AGS) gaining traction. It is all the more important, given the focus on U.S. oil exports and the role U.S. shale is playing in the global arena.
HOUSTON–As shale operators resume infill development amid ever-tightening well spacing and improving but sometimes nebulous economics, frac hit issues are re-emerging in asset development strategies. However, as affordable stage-level flow mapping data from nanoparticle-based tracers clearly demonstrate, not all frac hits are alike, and some types of interwell communication are tolerable in promoting maximum reservoir drainage.