Permian, Delaware Active and Colorado is Phenomenal
Brandon Davis, Swan Energy Inc., share some insight and information on where rigs are operating.
“I see good opportunities as far as cash flow working, right now there are some in the Permian and Delaware,” Davis said. “And all of the DJ Basin right now and the Wattenberg Field in Colorado is phenomenal. Even where prices are right now.”
Davis also comments on the DAPL Pipeline and Davis Refinery.
Click here to listen to the full length interview
A New Way to Locate Oil: Unconventional Oil Exploration and Technologies
For many years, oil and gas operators have relied on traditional methods of drilling and exploration to produce conventional oil or oil typically sourced from the ground. However, in recent years, unconventional oil has made its presence known in the industry, with an increasing number of exploration and production (E&P) companies gravitating to sourcing oil through diverse means to keep up with the global demand for petroleum.
Unconventional oil requires the use of advanced methods to produce oil, which can end up being quite costly and more complex. As a result, companies are constantly on the lookout for new technologies and tools that would help locate oil at a faster rate, increase the efficiency of extraction, and improve their processes.
Data cataloging and solutions company, PETROWEB, is one company that is providing E&P businesses with the tools they need. PETROWEB recently launched its data curating platform which provides E&P companies with access to continuously updated data catalogs of third-party data sets containing well data, seismic data, and studies and reports. Jeff Wadsowrth, CEO of PETROWEB, expands on how PETROWEB’s data platform and other technologies have assisted E&P companies in locating unconventional oil and the future for data technologies in unconventional oil exploration.
Oil Firms Hurtle Toward Bankruptcy
The day debt-ridden Texas oil producer MDC Energy filed for bankruptcy eight months ago, a tank at one of its wells was furiously leaking methane, a potent greenhouse gas, into the atmosphere. As of last week, dangerous, invisible gases were still spewing into the air.
By one estimate, the company would need more than $40 million to clean up its wells if they were permanently closed. But the debts of MDC’s parent company now exceed the value of its assets by more than $180 million.
In the months before its bankruptcy filing, though, the company managed to pay its chief executive $8.5 million in consulting fees, its top lender, the French investment bank Natixis, later alleged in bankruptcy court.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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