• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 42 mins U.S. Presidential Elections Status - Electoral Votes
  • 1 hour 1 in 5 electric vehicle owners in California switched back to gas because charging their cars is a hassle, new research shows
  • 3 hours *****5 STAR Article by Irina Slav - "The Ugly Truth About Renewable Power"
  • 1 day Americans are not agreement capable.
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 hour How US Capitalism Uses Nationalism
  • 10 hours Joe Biden's Presidency
  • 3 days Battery storage 30% cheaper than new gas peaker plants, Australian study finds
  • 1 hour The Painful Death of Coal
  • 22 hours Сryptocurrency predictions
  • 3 days Forecasts for Natural Gas
Editorial Dept

Editorial Dept

More Info

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…




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