Aubrey McClendon built a reputation for bucking industry views while he built Chesapeake Energy into one of the largest US natural gas producers by volume and helped pioneer the country’s unconventional resource revolution led by independent producers. McClendon also gained a reputation for bleeding shareholder cash as Chesapeake amassed a huge debt load before his… Keep reading →
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Alarmist media reports regarding oil’s foray into bear market territory could easily leave you thinking the oil industry is gasping its last breath. It certainly is not, as companies involved in the global oil complex are accustomed to commodity price volatility and most have experienced similar, if not worse, market corrections. In fact, over the… Keep reading →
A new report evaluates shale energy development potential around the world and the degree to which freshwater access is likely to impact that development. Despite a fair amount of water related risk in many regions, the upside is tight resources are in early stages of exploration and production, giving stakeholders time to collaborate on water… Keep reading →
The severe drought in California, water-intensive drilling programs needed to increase oil and gas production from shale plays and focus on the energy-water nexus are motivating companies to reduce their water requirements and re-use water needed to hydraulically fracture wells. A new Rice University study conducted detailed analysis into produced water from 3 major US… Keep reading →
New America got 5 leading energy observers to share their views on EPA’s existing power plant rule – Andrew Revkin, writer of the New York Times’ Dot Earth Blog; Sharon Burke, Senior Advisor, New America’s International Security Program; Russell Gold, Senior Energy Reporter at the Wall Street Journal; Steve LeVine, Washington Correspondent, Quartz; Dan Sarewitz, Professor of Science and… Keep reading →
The low-hanging fruit with regard to US shale resources may already be spoken for and the majors who came late to the game could be turning back to the large offshore conventional projects they know and execute efficiently. “Rather than continue in shale, which is likely to become a more expensive venture, large production companies… Keep reading →
Unconventional oil and gas operators that is. Bloomberg research indicates numerous companies operating in various US shale plays are severely overleveraged, with interest expenses making up significant double-digit percentages of revenue in many cases. “The list of companies that are financially stressed is considerable,” said Benjamin Dell, managing partner of Kimmeridge Energy, a New York-based… Keep reading →
The “out there” in this case is the Permian Basin in West Texas where Pioneer Natural resources has over 20,000 drilling locations. With over 10,000 net producing wells currently operating, the company has a significant drilling inventory that it plans to tap over the long term, assuming oil prices remain above $80 per barrel and… Keep reading →
Two timely research studies from think tanks inside the Beltway address energy security with particular focus on America’s new role in rearranging the established global energy order. This order is in flux precisely because of the renaissance in the American energy sector ignited by its shale (tight) oil and gas boom. Over the last decade,… Keep reading →
