What Were the Causes That Led to the Deepwater Horizon Blowout and Explosion? – and Open Thread 2
What Were the Causes That Led to the Deepwater Horizon Blowout and Explosion? – and Open Thread
BP’s Deepwater Oil Spill – Impacts of President Obama’s Order Halting Work on 33 Exploratory Wells in the Deepwater GOM and Open Thread
What caused the Deepwater Horizon disaster?
Author’s Note: I am grateful to the many drilling and completion engineers that consulted with me on this post to arrive at plausible explanations and interpretations of what happened in the final hours on the semisubmersible drilling rig Deepwater Horizon in the Gulf of Mexico. The analysis that follows is based on these discussions...
Nothing New in Obama Plan for Offshore Drilling
In early April, the Obama Administration announced that it will expand offshore exploration and development to reduce dependence on foreign oil. The plan that was announced is, in fact, more restrictive than what was already in place, and will have no near- or mid-term impact on our need to import oil. It...
ExxonMobil’s Acquisition of XTO Energy: The Fallacy of the Manufacturing Model in Shale Plays
Most analysts believe that the ExxonMobil acquisition of XTO Energy (XTO) represents a dramatic shift in strategy by the premier exploration and production (E&P) company, and a validation of shale plays. It is neither. The move represents a considered and deliberate choice that acknowledges diminished opportunities for the oil giant to add and replace reserves....
January 2010 US Natural Gas Update
Natural gas prices continue their recovery. Cold weather has caused high levels of space heating that have resulted in reduced gas storage inventories. Henry Hub spot prices have recovered from their September $2.18 low to an average price of $5.56/MMbtu in the week ending January 22, 2010 (Figure 1). The average...
McMoRan Davy Jones Gas Discovery
This is a post by Arthur E. Berman and Joshua H. Rosenfeld. Art is new on The Oil Drum staff. He is a geological consultant with 31 years of experience in petroleum and natural gas exploration and production. This is a link to Arthur Berman's biography.-- Gail
McMoRan Exploration Company...
