Cure for Industry Hiccups: Congressional Action


While OPEC (Organization of the Petroleum Exporting Countries) and Saudi Arabia hope to have delivered a fatal blow to the American oil and gas industry in the form of unflagging production levels despite the current glut of oil on the market, the reality is more akin to a hiccup.
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Drop in Oil Prices Increases Value of Flexible Financing

Given the recent changes in global oil markets, it might seem as if the growth prospects for energy producers and the companies that support them are falling along with the price of oil. But take it from someone who has seen his share of market volatility over the years: there is little danger such businesses won’t have access to the capital they will need to keep growing.
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What’s Next for America’s Biggest Oil & Gas Producing States: Colorado


If there’s one oil and gas state to watch in 2015, it’s Colorado. In just the last five years, the advent of horizontal drilling technology has raised Colorado to the rank of seventh-largest crude oil and sixth-largest natural gas producing state in the U.S. The state’s Niobrara Shale, throughout which oil and gas drilling has been present for more than a century, is now again in the exploration phase and heralded as an economically viable resource. Some analysts assess the Niobrara as high as two billion barrels of recoverable oil reserves.
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Oil Demand and Well Decline Rates Ensure Strong Outlook for Oil Industry


Primary energy consumption continues to accelerate globally despite several years of slow economic growth. With increased consumption, production of oil continues to grow surpassing record level of 90 million barrels per day worldwide. Not only does the oil industry need to produce more to meet ever increasing demand, it also needs to overcome existing well production declines. All active wells ultimately decline in production as resources are tapped, though there is an opportunity for technology to slow or in some cases even temporarily reverse those decline rates. In addition, as existing wells decline, more and more new wells need to be drilled to keep up with demand. Offsetting of oil decline rates for both existing and new wells, therefore, is high on the industry’s agenda for good reason. It is a critical factor to understand future trends in the oil industry.
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