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Carolyn Davis

Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.

U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. Natural Gas Prices to Average $3.30 in 2021, with Summer Even Higher, Says BofA

U.S. natural gas prices are forecast to average $3.30/MMBtu in 2021, with even higher prices predicted next summer, according to BofA Securities. The analyst team led by Francisco Blanch, head of commodities and derivatives research, discussed the outlook for energy overall during a webcast on Tuesday.  “The bottom line is that higher prices are needed…

November 25, 2020
EIA Hits Refresh on Permian Midland Structure, Thickness Maps

EIA Hits Refresh on Permian Midland Structure, Thickness Maps

Updated structure and thickness maps for one of the busiest developments in the Permian Basin, the Wolfcamp within the Midland sub-basin, have been updated by the Energy Information Administration (EIA). The Wolfcamp formation, which straddles the Midland and Delaware formations, “has attracted many oil companies because of its stacked potential,” i.e. multiple hydrocarbon-producing zones that…

November 25, 2020
Williams Clears Natural Gas Gathering Deals with Chesapeake, Boosting Project Growth

Williams Clears Natural Gas Gathering Deals with Chesapeake, Boosting Project Growth

Natural gas pipeline giant Williams has resolved commitments with Chesapeake Energy Corp., one of its biggest customers, which bolster “essential” project growth and marketing capabilities.  The Tulsa-based pipeliner on Monday reached a global resolution to continue to treat and move Chesapeake’s natural gas in the Lower 48.  Chesapeake filed for Chapter 11 bankruptcy protection in…

November 25, 2020
Oasis Emerges from Bankruptcy with $1.8B Less Debt, New Ticker

Oasis Emerges from Bankruptcy with $1.8B Less Debt, New Ticker

Houston-based Oasis Petroleum Inc., which works the Permian and Williston basins, has completed a financial restructuring and emerged from bankruptcy. The independent, which filed for Chapter 11 protection in late September, said it has reduced its prepetition debt by $1.8 billion. It is trading on Nasdaq under “OAS.” “Oasis is now uniquely positioned with a…

November 24, 2020
NextTier, NOV Testing E-Fracking Prototype for Lower 48 Well Sites

NextTier, NOV Testing E-Fracking Prototype for Lower 48 Well Sites

Oilfield services operator NexTier Oilfield Solutions Inc. is collaborating on field tests of National Oilwell Varco Inc.’s (NOV) electric fracturing, aka e-fracking, system to reduce emissions and equipment at well sites. The Houston-based operators plan to test NOV’s Ideal eFrac fleet, which was introduced in the third quarter. NextTier, a completions provider, works in the…

November 23, 2020
Colorado’s Updated Oversight of Oil, Gas Development Called ‘Watershed Moment’

Colorado’s Updated Oversight of Oil, Gas Development Called ‘Watershed Moment’

The Colorado Oil and Gas Conservation Commission (COGCC) has completed hearings to address sweeping changes to its mission, from “fostering” to “regulating” the industry.   The changes, which among other things also address wildlife mitigation impacts, were required by the state Senate Bill (SB) 19-181 signed into law last year. Hearings began in August to address…

November 23, 2020
Williams, Chesapeake Clinch Natural Gas Gathering Pact for Eagle Ford, Haynesville, Marcellus and Midcontinent

Williams, Chesapeake Clinch Natural Gas Gathering Pact for Eagle Ford, Haynesville, Marcellus and Midcontinent

Tulsa-based Williams has reached a global resolution with one of its biggest customers, bankrupt Chesapeake Energy Corp., to continue to treat and move its natural gas in the Lower 48. Chesapeake filed for Chapter 11 bankruptcy protection in June to wipe out $7 billion of debt. As part of the auction process, Chesapeake last week…

November 23, 2020
Global Oil, Natural Gas Producers Commit to More Transparency in Reporting Methane Emissions

Global Oil, Natural Gas Producers Commit to More Transparency in Reporting Methane Emissions

A group of 62 oil and natural gas operators, which together represent 30% of the world’s production, agreed Monday to report their methane emissions with a “higher level” of transparency. The Oil and Gas Methane Partnership (OGMP) is a Climate and Clean Air Coalition (CCAC) initiative led by the United Nations Environment Programme (UNEP), the…

November 23, 2020
U.S. E&P Sector Slammed for Excessive Executive Compensation, Lack of Oversight

U.S. E&P Sector Slammed for Excessive Executive Compensation, Lack of Oversight

Upstream investor Kimmeridge Energy Management Co. LLC has the U.S. exploration sector in its sights and is calling out the industry for its “lack of alignment” between the executive management teams and their shareholders. The New York City-based private equity (PE) firm said in a white paper that executive compensation for the exploration and production…

November 19, 2020
Equinor, Repsol Offer $12M for Walker Ridge Deepwater Block in Final GOM Lease Sale of Year

Equinor, Repsol Offer $12M for Walker Ridge Deepwater Block in Final GOM Lease Sale of Year

The long prospective Walker Ridge in the deepwater Gulf of Mexico (GOM) drew a bid of nearly $12 million on Wednesday in the final federal oil and gas auction of the year. The bid of $11,999,979 for Walker Ridge Block 365 was made jointly by Repsol E&P USA Inc. and Equinor Gulf of Mexico LLC,…

November 19, 2020
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