There is no clear evidence that higher conductivity proppants (either white sand versus regional sand or ceramic proppants versus white sand) result in better well performance and economics.
Gary McWilliams, Reuters Your browser does not support the audio element.
U.S. oil and gas producer Chesapeake Energy Corp. s Chapter 11 bankruptcy plan was approved by a U.S. judge on Jan. 13, giving lenders control of the firm and ending a contentious trial.
Chesapeake will emerge from bankruptcy with about $3 billion in new financing, a $7 billion reduction in debt, and $1.7 billion cut from gas processing and pipeline costs.
Investors who committed last spring to back the restructuring as energy tumbled stand to benefit enormously. A rebound in energy prices raised Chesapeake s value to about $5.13 billion, the judge hearing the case said.
Thu, 01/14/2021 - 03:00 AM
[Editor s note: A version of this story appears in the January 2021 issue of Oil and Gas Investor magazine.]
It’s hard to believe, but it’s been 40 years since George Mitchell, the father of the shales, drilled his famous C.W. Slay #1 in Wise County near Fort Worth, proving the concept that the Barnett Shale can produce gas. And it was 30 years ago, in 1991, that Mitchell Energy & Development Corp. drilled the first horizontal well to the Barnett, proving that this shale could produce a lot of gas.
Those pioneering acts ushered in the U.S. shale revolution that is still transforming global oil and gas markets. We can thank the Barnett Shale, the grand daddy of gas shales, for that. Mitchell’s discovery excited explorers, encouraging them to fan out across the oil patch. In this article, Oil and Gas Investor explores what’s happening in the play, now that it’s under new owners.
Freehold Royalties Acquires US Multibasin Package for $58 Million
The acquired assets, which include royalties in the Permian Basin and Eagle Ford, will play a key role in strengthening the resiliency of Freehold Royalties’ portfolio, the company said.
Hart Energy Staff Your browser does not support the audio element.
Freehold Royalties Ltd. recently closed a $58 million acquisition of a package of U.S. multibasin royalty assets from a private seller.
The Canadian company said in a Jan. 5 release that the acquired assets, which include royalties in the Permian Basin and Eagle Ford, will play a key role in strengthening the resiliency of its portfolio while also enhancing the near-term and long-term sustainability of Freehold’s dividend.