Contacted at his seaside villa, Captain Renault said he was shocked that Elsie and Adrian Opiela are asking the Texas Supreme Court to review questions surrounding the Railroad Commission’s approval of a drilling permit for a...more
Key commercial aspects - 1 Describe, in general terms, the key commercial aspects of the oil sector in your country. The US oil industry is divided into three sectors: • upstream (exploration and production); •...more
We read the comments and listened in on portions of the historic April 14 hearing on the proposal that the Commission order market demand prorationing of Texas oil and gas production. Of the 120+ written comments, 51...more
With improvements in technology driving down the breakeven cost for the production of oil in the rich shale plays of West Texas, the Permian Basin has become more attractive to exploration and production (E&P) companies over...more
A federal agency reports that shale gas production in Appalachia, including from the Marcellus and Utica shale plays, has jumped more than 14 billion cubic feet per day (Bcf/d) since 2012, according to Kallanish Energy....more
Describe, in general terms, the key commercial aspects of the oil sector in your country. The US oil industry is divided into three sectors: upstream (exploration and production), midstream (processing, storage and...more
Prior to the recent collapse in oil values, prices existed at over $100 a barrel for over three years. It made the economics of oil exploration, production and sale comparatively straightforward, but embedded costs into the...more