Paralleling the merger and acquisition activity of the Permian Basin, Appalachia is experiencing its own wave of development. Although no deal has been finalized yet, EQT Corporation is in the hunt and has sent a takeover proposition to CNX Resources.
“A combination of EQT and CNX makes strategic sense given...
Over the past decade, the shale revolution has transformed the economy and reduced emissions. Now, a new study from the U.S. Chamber’s Global Energy Institute quantifies just how much Michigan stands to lose if some candidates succeed in ending it. The study comes as presidential candidates and activist groups have called for a...
The news is full to overflowing these days, so you may not have heard that June is National Ocean Month. But the ocean is something we cannot afford to forget about. There are 372,000 miles of coastline in the world, and around 2.4 billion people, around ⅓ of the...
SAE Renewables, headquartered in Edinburgh, Scotland, has quietly been laboring away in northern Scotland for more than a decade on an elusive target—that of a predictable, renewable marine energy source. In late February 2023, the firm would announce achieving just that, and, in doing so, may have changed the...
Comstock Resources, Inc. (NYSE: CRK) ("Comstock" or the "Company") and Covey Park Energy LLC ("Covey Park") today jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion, including the assumption of Covey...
A small, largely overlooked country in South America has become the center of the world’s oil future, offering low-carbon and low-cost oil production with the potential for an output of 1 million bpd. Guyana, which borders Brazil, Venezuela, and Suriname could be the world’s next big oil power, as...
By: Irele Philip Evbomoen, P.Eng, Schlumberger
Uncertainty Challenge
A significant part of any reservoir simulation or production enhancement study involves adequately quantifying reservoir uncertainty, particularly when there is limited information available – as is often the case with most oil and gas fields worldwide. The inherent uncertainties start to manifest right...
The 2023 Argus Americas Crude Summit, the industry's premier commercial crude oil markets event, was held in Houston, Texas, on February 15–17, 2023. The summit gathered crude oil industry decision-makers to network with leaders in the marketplace. The Argus Media-organized event has been dubbed the "gold standard" of industry...
Demand is high, and supply seems to have dwindled. Continued reports paint a picture of ships floating aimlessly, awaiting the ability to make port in California’s port terminal. At the same time, frustration mounts as citizens need products, and they appear just out of reach. Like the demand for...
Targeting two locations within the Marcellus Shale, Chesapeake Energy and Project Canary announced a trial coalition of resources to produce certified responsibility source natural gas. Committed to eliminating direct greenhouse gas emissions by the year 2025, the companies will utilize methane gas monitors on Wyoming and Bradford counties’ well...
