Unconventional Oil and Gas production

Unconventional Oil & Gas Leasing Activity Update
July 11, 2013 – 10:02 am

LT - Fig 1 Oil & Gas LeasingIt’s an interesting time to work in the oil and gas business. With oil prices hovering around 40% to 50% of their 2014 levels, operators are looking to cut activity. As a company that monitors oil and gas lease production throughout the United States, Drillinginfo expected to see similar declines in leasing activity. While declines can be witnessed in some regions, other plays are holding steady and even increasing in activity. 2015 has also witnessed a significant increase in the number of lease extensions filed across the US. To analyze oil & gas leasing activity across the US we took twelve unconventional plays and compared the levels of activity over the past three years: Bakken, Barnett, Eagle Ford, Eaglebine, Fayetteville, Granite Wash, Marcellus/Utica, Mississippi Lime, Niobrara, Permian, Tuscaloosa Marine, and Woodford. Of the twelve, three saw modest to major upticks in leasing activity; three regions held steady; and the rest declined.
The Hot

Three regions have seen an increase in activity over the past three years: Niobrara, Woodford, and Permian Basin.Oil & Gas Leasing While the Woodford appears to be holding steady at 2014 levels, the Niobrara Shale has seen an increase in activity over the past year. Activity appears to be consolidating in and around Weld County with the rest of the counties dropping off in importance. The Permian Basin is by far the most popular place to be leasing in the country. Activity is reaching far across the entire region ranging east from San Angelo, Texas all the way west to Carlsbad, New Mexico and north from Lubbock, Texas south to the Mexican border.
Source: info.drillinginfo.com
You might also like
Euan Mearns - Unconventional Oil and Gas: A Game Changer
Euan Mearns - Unconventional Oil and Gas: A Game Changer
Unconventional U.S. Oil & Gas Production -- Ralph Eads
Unconventional U.S. Oil & Gas Production -- Ralph Eads ...
Unconventional Oil & Gas Production Overview
Unconventional Oil & Gas Production Overview
Enhanced Unconventional Oil and Gas Production with
Enhanced Unconventional Oil and Gas Production with ...
Related Posts