Oil and Gas Investor Magazine - March 2016
Cover Story
US Oil Exports: Full Steam Ahead
The ban is dead and the first cargoes have arrived in Europe. What’s next for producers and how much growth will exports provide in the long run?
Feature
A&D Watch
For E&P companies, the Permian continues to be the basin in the bubble, largely isolated from the industry downturn that is filling ledgers in other plays with red ink.
Angst Ahead For Borrowers
As spring borrowing base redetermination season approaches, two seasoned commercial bankers weigh in on E&Ps’ concerns and opportunities.
Aubrey In The Vaca Muerta
By combining its vast resource potential with AEP’s expertise in exploration and development, Argentina could replicate the U.S. shale boom and become a net hydrocarbon exporter.
Broe's Hybrid Private Equity
As diversified investor The Broe Group rebalances its three-legged portfolio, its stake in oil and gas could reach into the billions.
Fighting For Margins
Recent Utica Shale well results are something to brag about, but a precipitous decline in returns leaves operators between a tight rock and a hard economic place.
How Would Google Drill?
Google approached the challenge of autonomous vehicles as a computer science rather than an engineering problem. What if the oil and gas industry did the same?
Of Gamblers, Aces And Eights
All of the protectants of 2015—a generous capital market, stock market confidence, benevolent banks and solid hedges—are eroding as 2016 begins. Companies are looking to new cards to rebuild a winning A&D hand
The News From Marcellus-Utica Midstream Conference '16
Speakers at this year’s Marcellus-Utica Midstream confab said that when the downturn recedes, the region will be piped up and ready to flow.
A&D Trends
Blood, Pressure
The state of the pressure pumping business is increasingly brutal, as evidenced by Keane Group’s recent deal for the U.S. assets of Calgary-based Trican Well Service Ltd.
At Closing
In Lieu Of Morning Reports
Managers' main chores now are more likely to be all about poring over balance sheets, spread sheets and other charts, and figuring out how to fund buying back some more distressed debt, or considering which prized assets need to be put up for sale.
Bright Spots
Meet Jacob Nagy
In an interview with Investor, Jacob Nagy reflected on the outlook for M&A transaction activity and financing for the oil and gas industry.
Completions
Forecasting The Next Upcycle By 'Clicking On'
Stratas Advisors said at an Executive Energy Club breakfast in early February that it doesn’t expect a global recession, but economic growth will be muted. It pegs the price of crude at $50 by fourth-quarter 2017.
E&P Momentum
One Question, 100 Answers
How much higher? In the Midland Basin, operators are working on techniques that will advance hydrocarbon recovery from 6% to 8% up to 12% to 14%. That is significant.
From the Editor-in-Chief
Danger And Opportunity
Former Houston mayor Bill White shared his insights with the Houston Energy Finance Group in January, when oil prices were at their lowest in this cycle.
On the Money
An Age Of Uncertainty
As for rumors abounding as to possible OPEC meetings to clear the overhang of crude, who can see through the haze of volatile characters, geopolitical complications and unintended consequences?