Wesley Adams’ Post

Energy Advisors Group has released a Special Supplement ReFrac Report focused on horizontal wells in the Haynesville/Bossier formations as an addition to our Original Hayesville Report issued April 12, 2024. This Report evaluates the performance of every Haynesville/Bossier ReFrac/Recompletion (199 wells or just 3% of Haynesville/Bossier horizontal wells drilled). It concludes that ReFracs are coming in at 90% of original completion rates and 75% are estimated to have payback in <12 months. Download The Haynesville Supplement Report Here: https://lnkd.in/gyVhWFS5 If you missed our Haynesville/Bossier basin study, you can find it here: https://lnkd.in/guK5cBPs Please reach out to Brian J. Lidsky ([email protected]) or Blake Dornak ([email protected]) to learn more about this report or any of EAG's other market monitor research studies. We are working hard to expand our thought leadership and look forward to providing additional market insight for our clients through regional perspectives, M&A analysis and market monitor. Current Assignments: https://lnkd.in/epPqcEZ Qualifications & Capabilities: https://lnkd.in/gUKH7wuV Research/Perspectives: https://lnkd.in/g6mjMQ8p #haynesville #bossier #easttexas #louisiana #oilandgas #study #research #capitalmarkets #mergersandacquisitions

Off the Beaten Path Following up on our post from Tuesday, Reese Energy Consulting today is following news from producers who are finding oil and gas magic on the fringes of core-basin plays. In an article earlier this month, Hart Energy featured Denver-based Bayswater Exploration and Production, which aside from its assets in the DJ and Powder River, also operates 48,000 acres in the Permian’s Northern Midland. Here, targeting the Wolfcamp and Spraberry, Bayswater is striking paydirt the farther east it explores. Call it extending the extensions. With a strategy to develop tier-2 acreage positions that could ultimately deliver tier-1 performance, the company first went to work in Howard County, Texas, near Mitchell County, where high levels of carbonates comprised of limestone and dolomite have tended to discourage drilling. Not so for Bayswater, which discovered a rich hydrocarbon environment in the carbonate/shale reservoir, completing its first well in 2021 with initial production of nearly 1.3 MBPD and cumulative production of 430+ Mbbls. Now three years later, Bayswater has moved farther east into Mitchell County, reporting even higher production and drilling six more 2.5-mile laterals with completions slated this summer. Speaking of step outs, gas producers Comstock Resources and Aethon Energy continue their “victory is mine” exploration and development of the Western Haynesville—an extension now aptly christened Waynesville. Aethon, whose newest well in Robertson County, Texas, produced nearly 3.3 BCF in the first four months of production last fall, can’t get enough of Wayne’s world and is now on the hunt for more. What do you think? Learn more about REC and our crude oil and natural gas consulting services in the Permian and Haynesville at https://lnkd.in/ebXT2mS. #energy #drilling #oilandgas #reeseenergyconsulting

Kansas isn't just about beautiful plains and agriculture. 🌻 It has a rich and lesser-known history in the oil and gas industry that has significantly shaped the state. Ranked as the 11th leading oil producer in the U.S., Kansas thrives on local, independent producers and marginal wells. 🏭 Warren Martin, Executive Director of Kansas Strong, sheds light on how this industry has driven economic growth and played a crucial role in global events like WWI. From the early oil booms to today's advanced drilling techniques, Kansas continues to be a key player in meeting energy demands. 💡 Get the story on how Kansas' oil and gas industry has transformed the state and what the future holds! 👉 Read the article here: https://lnkd.in/gNwMxQKZ #KansasOil #EnergyHistory #KansasStrong #OilAndGas #IndependentProducers #MarginalWells #EconomicGrowth #EnergyInnovation #WarrenMartin #KansasEconomy #OilIndustry #EnergyEducation #CommunityDevelopment #SustainableEnergy #EnergyFuture

📢 Webinar Alert! 📊 Why did Devon Energy bet $5 billion on the Bakken instead of the Permian? Join our webinar to uncover the strategy behind this industry-shaking move. Our head of research, Brandon M., will use cutting-edge machine learning analytics to examine Devon's acquisition of Grayson Mill Energy's assets. We'll explore rock quality comparisons, portfolio impacts, and operational synergies to decode this pivotal decision. Whether you're an investor, analyst, or industry enthusiast, don't miss this data-driven dive into one of the year's most intriguing oil and gas developments. Register using the link in the comments. #oott #oilgas #acquisition #acquisitionanalysis #bakken #permian

'Let’s Rock This Pipe!’ Following our post yesterday, Reese Energy Consulting is talking natural gas pipelines again for those whose heart’s race each time a new project is announced or pronounced “Go!” We share the same affliction. Now sealed with a FERC kiss, the 304-mile Mountain Valley Pipeline is officially blessed-stamped-authorized to begin service where it will deliver 2 BCFD of low-cost Appalachian gas to Mid- and South Atlantic markets. Ten years in the making at an estimated cost of $7.85 billion, final preparations to fire up operations on MVP are now in high gear to welcome aboard Marcellus and Utica gas from the nation’s largest natural gas basin. Producers were rumored to holler, “Let’s rock this pipe!” Back in the Permian, pipeline constraints and natural gas takeaway have producers sweating it out for a go-live date on the 580-mile, 2.5 BCFD capacity Matterhorn Express. Certain to fill up lickety-split, Matterhorn offers some much-needed relief to move record volumes of residual gas out of the basin. At least until the end of next year. While three other natgas pipeline projects are on midstreamers’ Permian to-do list, including Targa Resources’ Apex, Energy Transfer’s Warrior, and Kinder Morgan, Inc.’s expansion of its Natural Gas Pipeline of America system, a new cowboy in Perm Town has big plans for the next big gas pipe behind Matterhorn. Houston-based Moss Lake Partners (MLP) is hot on its NGL heels to build the 690-mile DeLa Express, which would move 2 BCFD of rich gas from West Texas to Gulf Coast fractionators and export terminals. The project would include access to MLP’s Hackberry, La., NGL export project. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ebXT2mS. #energy #naturalgas #pipelines #reeseenergyconsulting

‘Let’s Rock This Pipe!’ Following our post yesterday, Reese Energy Consulting is talking natural gas pipelines again for those whose heart’s race each time a new project is announced or pronounced “Go!” We share the same affliction. Now sealed with a FERC kiss, the 304-mile Mountain Valley Pipeline is officially blessed-stamped-authorized to begin service where it will deliver 2 BCFD of low-cost Appalachian gas to Mid- and South Atlantic markets. Ten years in the making at an estimated cost of $7.85 billion, final preparations to fire up operations on MVP are now in high gear to welcome aboard Marcellus and Utica gas from the nation’s largest natural gas basin. Producers were rumored to holler, “Let’s rock this pipe!” Back in the Permian, pipeline constraints and natural gas takeaway have producers sweating it out for a go-live date on the 580-mile, 2.5 BCFD capacity Matterhorn Express. Certain to fill up lickety-split, Matterhorn offers some much-needed relief to move record volumes of residual gas out of the basin. At least until the end of next year. While three other natgas pipeline projects are on midstreamers’ Permian to-do list, including Targa Resources’ Apex, Energy Transfer’s Warrior, and Kinder Morgan, Inc.’s expansion of its Natural Gas Pipeline of America system, a new cowboy in Perm Town has big plans for the next big gas pipe behind Matterhorn. Houston-based Moss Lake Partners (MLP) is hot on its NGL heels to build the 690-mile DeLa Express, which would move 2 BCFD of rich gas from West Texas to Gulf Coast fractionators and export terminals. The project would include access to MLP’s Hackberry, La., NGL export project. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ewhkGFa.      

This week, Devon Energy announced it has entered into a $5B deal to acquire Grayson Mill Energy’s Williston basin business. While it’s difficult to predict corporate consolidation, we believe public companies in the energy sector will continue to buy private assets and that some public companies will continue to streamline their operations by selling non-core assets. Read more about the deal in The Wall Street Journal: https://on.wsj.com/3XZ9xfA #Energy #M&A #Oil #NaturalGas

‘Let’s Rock This Pipe!’ Following our post yesterday, Reese Energy Consulting is talking natural gas pipelines again for those whose heart’s race each time a new project is announced or pronounced “Go!” We share the same affliction. Now sealed with a FERC kiss, the 304-mile Mountain Valley Pipeline is officially blessed-stamped-authorized to begin service where it will deliver 2 BCFD of low-cost Appalachian gas to Mid- and South Atlantic markets. Ten years in the making at an estimated cost of $7.85 billion, final preparations to fire up operations on MVP are now in high gear to welcome aboard Marcellus and Utica gas from the nation’s largest natural gas basin. Producers were rumored to holler, “Let’s rock this pipe!” Back in the Permian, pipeline constraints and natural gas takeaway have producers sweating it out for a go-live date on the 580-mile, 2.5 BCFD capacity Matterhorn Express. Certain to fill up lickety-split, Matterhorn offers some much-needed relief to move record volumes of residual gas out of the basin. At least until the end of next year. While three other natgas pipeline projects are on midstreamers’ Permian to-do list, including Targa Resources’ Apex, Energy Transfer’s Warrior, and Kinder Morgan, Inc.’s expansion of its Natural Gas Pipeline of America system, a new cowboy in Perm Town has big plans for the next big gas pipe behind Matterhorn. Houston-based Moss Lake Partners (MLP) is hot on its NGL heels to build the 690-mile DeLa Express, which would move 2 BCFD of rich gas from West Texas to Gulf Coast fractionators and export terminals. The project would include access to MLP’s Hackberry, La., NGL export project. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ewhkGFa.      

Onward and upward. What are some of your thoughts on the future of 4 mile laterals, U laterals, tie back costs, hybrid designs & CT compatibility with the ever developing market consolidations taking place. #halliburton #coiledtubing #coil #bakken #NDPC2024 #NDPC #Petroleum #WBPC

No more drilling on Forties and Beryl and an imminent closure of Grangemouth – a perfect storm for the UK’s energy security? When the UK government imposed an additional tax levy on oil and gas producers early in 2023, several operators responded by cancelling drilling activities. Apache UK was amongst the most vocal in imposing an immediate stop to drilling on their Forties and Beryl assets. In this talk, David Moseley – Vice President Operations (Europe) at Welligence Energy Analytics – explores the consequences of no further drilling activity at these fields, both of which continue, for now at least, to form important production hubs. He will also discuss the impact of bringing COP forward on both the fields themselves and the upside in their catchment areas. Included will be a review of the Forties pipeline throughput to place into context the recent announcement that the Grangemouth terminal is set for closure. You will also learn the latest on wells being drilled in the North Sea, presented by Alyson Harding from Westwood Global Energy Group. 🗒️ - Tuesday 30th January 2024 - 12:00-14:00 ⬇️ - Atholl Hotel - 54 King‘s Gate, Aberdeen 🥪 - Will be served 🎫 - £25 👉 - Registration: https://lnkd.in/erihqUEW GESGB (Geoscience Energy Society of Great Britain), GEO EXPRO