Oil and Gas Investor Magazine - March 2015
Cover Story
Bakken, Not Beaten
At $45 WTI in late January, some Bakken producers were suspending new-well development—but not all, as this rock continues to offer highly profitable returns in the core.
Feature
Confidence Game: A&D Outlook For 2015
Huge deals came back just in time in the summer of 2014 as the rest of the year unspooled a tickertape of declining oil prices. In 2015, deals will be made by aggressors and risk takers.
Getting The House In Order
These experts weigh in on what board members and C-suite managers ought to consider in 2015 while awaiting the eventual market upturn. Sitting on one’s hands is not an option.
High Noon For High Yield
Access to funding has changed dramatically for E&Ps because of the fall in crude prices. How have the options for high yield and other financing sources changed?
Limit Imports, Abandon Exports
By reinstating the oil import quota, the U.S. can protect jobs, spur economic development and encourage new oil production technologies.
Reaction Time: Commodity Price Cycles
Cycle analysis looks at commodities in a unique way. Is it a useful tool for calling the tops and bottoms in the price of oil and natural gas?
Springer: New Shale In Town
The Springer has “distinguished itself as the most productive play in Oklahoma” with “shallow decline rates compared to other unconventional resource plays,” Continental CEO says.
The Banks Take Stock
As commercial energy lenders slash price decks to reflect a new world order, bankers and E&Ps alike are taking stock of balance sheets to ensure liquidity.
The Word From MUM
At the Marcellus-Utica Midstream Conference, executives shared expertise on the region’s commodity price trends, infrastructure buildout and M&A.
A&D Trends
Fall Out From The Downcycle
When the price collapse is no longer the hot topic of discussion, we will get back to business in the property transaction market, analyst says.
At Closing
Linn-Sanity!
Beside the distribution cut, other moves have shored up Linn’s financial strength to be poised for acquisitions as others flounder.
Bright Spots
Meet Joseph R. Dee IV
For Joe Dee, the current downturn is a reminder of the cyclicality that he saw in his family’s oil and oil services business during his formative years.
Completions
Teapot Dome Field Regains A Measure Of Dignity In Sale
Inside the deal for the historic field near the southwestern edge of the Powder River Basin. It has produced 28.5 million barrels (MMbbl) of oil with an estimated 300 MMbbl in place.
E&P Momentum
The Edge Of Tomorrow
Is destiny in oil and gas during a low price event dictated by the best rocks, or can operators with poorer rocks innovate to prosperity?
From the Editor-in-Chief
Lessons Learned: OPEC's Curveball
Nobody could predict when it would happen, but many people now ruefully admit that they secretly thought the upstream industry needed this time out.
Legends
Chatting With Mike Cantrell
Third-generation oilman Mike Cantrell has owned an E&P company since 1975, but that is the least of his busy days.
On the Money
Points To Ponder: Capex Trends Fundamentals
Bob Brackett, senior analyst with Bernstein Research, has long held a belief that investors underestimate the decline rate of U.S. production and, in particular, shale.