Following recent moves by the governors of New York and New Jersey to nix new gas pipeline projects, the region’s gas utilities are warning of future shortages for new and existing customers. Courtesy Williams. Pro-gas groups see the decision to cancel the pipelines as a move to pander to climate-change and pro-renewable energy advocates. NewRead more
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Independent E&Ps looking to unload some of their shale real estate in the Permian basin are not generating much interest from the majors. A number of big oil companies—ExxonMobil, Royal Dutch Shell and Chevron included—have all gone on record stating that they are wary of buying up assets from smaller companies at a time ofRead more
A recent forecast by Rystad Energy states that renewable energy developments in the Asia-Pacific region are set to outspend exploration and production (E&P) activities in 2020. With the exception of China, total CAPEX in renewable developments of all types will overtake E&P spending next year. The energy research firm anticipates the largest investments will comeRead more
Last year saw a major turnaround in publicly listed E&P companies’ free cash flow fortunes to levels not seen since before the mid-decade downturn. According to energy analyst Rystad Energy, free cash flow for E&P firms reached nearly $300 billion in 2018, marking a return to so-called “super profits” for industry majors. Free cash flowRead more
In field tests, Hexion’s AquaBond technology has lowered water production by nearly 45% in some wells, with no observed impact on hydrocarbon production. (Courtesy of Hexion) EnergyMakers loves to bring visibility to promising technologies that can help manage the industry’s growing produced water challenge. A new technology from Hexion aims to help operators significantly reduceRead more
The number of seismic activities that can be physically felt—those which are magnitude 2.8 (M-2.8) or greater—fell from a monthly average of 162 in June 2015 to just 25 in June 2018. At the same time, oil production grew by 20 percent and injection rates into disposal wells dropped. Recent data from the USRead more
Constrained water disposal capacity in some key hydrocarbon producing areas of Oklahoma is making for some complicated water logistics, leading producers to get creative in how to reduce their disposal volumes. EnergyMakers Advisory Group’s Laura Capper shared this, and other, insights in the Feb 2019 issue of The Oil and Gas Investor. In a featureRead more
The meteoric rise in drilling and completions activity in the Permian Basin in the past few years has brought with it a scramble for new sources of water. As a result, “water is the new oil,” says Energy Makers Advisory Group’s Laura Capper. “The value of water has changed.” The U.S. demand for waterRead more
EnergyMakers Advisory Group’s Laura Capper recently shared her perspective on produced water disposal capacity in Texas, Oklahoma and New Mexico with Energywire. Laura’s thoughts are part of a bigger Energywire story on how regulators in those oil patch states are trying to handle the large volumes of wastewater produced during drilling and completions operations. ThisRead more
News wires were abuzz last week with the announcement that the US had become a net oil exporter for the first time in nearly 75 years. This is major news, but does it truly mark a milestone toward the country’s goal of energy independence? And is the claim even true in the first place? USRead more