The US is on the verge of a shale gas explosion, but is it a tsunami?
That’s the question posed by Gil Goodrich, vice chairman and chief executive of Goodrich Petroleum Corp., during a speech given on Oct. 26 at an event hosted by Young Professionals In Energy in Houston.
Goodrich says the impact of shale gas has yet to truly effect E&P behavior.
“I don’t think we’ve seen it,” he says. “We’re on the very cusp of seeing it as we get into 2011. It will have a further impact on US and world markets.”
Shale gas looks like it has awaked the supermajors to US potential, says Goodrich, adding that they had basically abandoned US plays for the past 40 years. ExxonMobil Corp. buying up XTO Energy Inc. was just one sign of this shift back toward US reserves.
For the rest of the article, visit oilandgasinvestor.com.
Recommended Reading
Brett: Oil M&A Outlook is Strong, Even With Bifurcation in Valuations
2024-04-18 - Valuations across major basins are experiencing a very divergent bifurcation as value rushes back toward high-quality undeveloped properties.
Marketed: BKV Chelsea 214 Well Package in Marcellus Shale
2024-04-18 - BKV Chelsea has retained EnergyNet for the sale of a 214 non-operated well package in Bradford, Lycoming, Sullivan, Susquehanna, Tioga and Wyoming counties, Pennsylvania.
Triangle Energy, JV Set to Drill in North Perth Basin
2024-04-18 - The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
PGS, TGS Merger Clears Norwegian Authorities, UK Still Reviewing
2024-04-17 - Energy data companies PGS and TGS said their merger has received approval by Norwegian authorities and remains under review by the U.K. Competition Market Authority.
Energy Systems Group, PacificWest Solutions to Merge
2024-04-17 - Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.