• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 5 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 20 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 9 hours Saudi Arabia turns to solar
  • 6 hours Why is permian oil "locked in" when refineries abound?
  • 2 hours Could Venezuela become a net oil importer?
  • 13 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 9 hours Teapots Cut U.S. Oil Shipments
  • 8 hours Oil prices going down
  • 9 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 1 day "The Gasoline Car Is a Car With a Future"
  • 1 day Sell out now or hold on?
  • 24 hours What If Canada Had Wind and Not Oilsands?
  • 22 hours U.S. Withdraws From U.N. Human Rights Council
  • 10 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
  • 19 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
Alt Text

Permian Bottlenecks Begin To Bite

The pipeline bottlenecks in the…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

This Deal Signals Big Changes in One Of Energy’s Most Exciting Sectors

There are a lot of under-appreciated changes going on in energy markets right now.

Most of them are driven by unconventional drilling. A phenomenon that’s exploded across North America—and changed the game for oil and gas production.

That’s had a number of effects. Some obvious—and others very subtle.

Like what’s happening offshore. Where savvy exploration and development firms are now moving to apply unconventional drilling technology and techniques. Unlocking millions of barrels of new reserves—and creating industry-leading returns on drilling dollars.

Just this month we saw another step in that saga. With up-and-coming Gulf of Mexico producer Fieldwood Energy buying another shallow-water asset package, this time from SandRidge Energy (NYSE: SD). Fieldwood is paying $750 million for the assets—bringing the company’s total M&A budget in the Gulf to $4.5 billion over the last four months.

That’s a huge amount sunk on properties in a place most industry insiders wrote off a long time ago as being over the hill in terms of oil output. But Fieldwood obviously thinks differently. And the firm should know—its parent company, energy private equity giant Riverstone Holdings, counts amongst its partners the likes of James Hackett, former head of major Gulf player Anadarko.

We’re going to be hearing a lot more about that story. A savvy investor like Riverstone simply wouldn’t…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News