Posted on August 11, 2020
Uncategorized

The Bureau of Land Management has given its blessing for the development of as many as 4,250 oil and gas wells in central Wyo.’s Wind River Basin. The Moneta Divide project, led by private investment firm Aethon Energy and ConocoPhillips’ subsidiary Burlington Resources, includes private, state, and federal lands across 327,645 acres in the central part of the state. Roughly two-thirds of those are managed by BLM. The operators expect to drill about 325 new wells every year during a 15-year development period and estimate recovery of 18.16 TCF of gas and 254 MMBbls of oil over the project’s 65-year lifespan. The BLM’s Record of Decision, however, doesn’t authorize any on-ground activity and each well will require review and approval as part of the drilling permit process. Aethon in 2015 acquired 188,000 net acres also located in the Wind River from Encana. What do you think? Learn more about Reese...

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Posted on June 3, 2020
Energy

If you’re looking to sell a vintage Schwinn or snap up a first-edition Harry Potter, you’d probably head right over to an online auction house, place your bid and keep your fingers crossed. But if oil and gas assets are more your game, Amarillo, Texas-based EnergyNet is your destination. ...

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Posted on May 27, 2020
Energy

Reese Energy Consulting last week shared a profile of Diversified Gas and Oil and its CEO Rusty Hutson, whose focus on drilling older wells with high production volumes has led the company to become one of the largest gas players in the Appalachia region. Ala.-based DGO, which operates 60,000 wells and 12,000 miles of gas gathering pipelines in six states, got a little bigger today with the announcement of two acquisitions. ...

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Posted on May 13, 2020
Energy

Folks are getting mighty creative out there with proposed solutions to the oil and refined products storage shortfall. Midstreamers are leasing capacity on their pipelines. Producers are chartering tanker ships. The Strategic Petroleum Reserve has become Hotel Crude. It’s not lost on us that the storage situation has become an acute supply-and-demand offshoot of an acute supply-and-demand crisis. ...

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