Wednesday, December 25, 2024

Alaska: Power to the Conventional Thinker

“We’re not a shale player.  If you look at the amount of global crude oil production from conventional resources, it dwarfs production from shale.  We believe our 750,000-plus acreage position (located on Alaska’s North Slope between the Kuparuk River and Collville River units) alone has a DeGolyer & MacNaughton-estimated 5.69 billion barrels of contingent resources,” said Bill Armstrong founder of

Oil & Gas 360 - Haynes & Boone Borrowing Base Redeterminations Survey

Bonanza Creek: From IPO to Strategic Alternative Process in 55 Months

Shares of Bonanza Creek fall 37% on news of hiring a financial advisor Shares of Bonanza Creek (ticker: BCEI) took a nosedive Wednesday, falling 38%, with investors reacting negatively to an 8-K filing released during trading hours that the company was hiring Perella Weinberg Partners to “advise and assist in analyzing and evaluating financial and transactional alternatives, including restructuring options.”

Hess Puts 2017 Spend at $2.25 Billion

Schlumberger Seals the Deal on a $300 million Contract in Australia

Schlumberger (ticker: SLB) subsidiary OneSubsea secured an engineering contract for the development of the Greater Enfield project off the northwest coast of Australia from Woodside Energy. Woodside announced on June 26, that the company would move forward with the development of the Greater Enfield project, expected to cost approximately $1.9 billion. Located 60 km off Exmouth in Western Australia the