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Category: IHSdeals

IHS examines next big deal in U.S. shale

July 01, 2015 Posted by Chris Wysong

Emerging Texas shale basin still in its infancy, but a good bet amid downturn. IHS examines next big deal in U.S. shale By Daniel J. Graeber HOUSTON, June 24 (UPI) -- The Wolfcamp Delaware basin, a shale play straddling the Texas border with New Mexico, could be the next big deal, analysis published Wednesday from IHS found. The Wolfcamp Delaware has promise, but right now, it is considered an adolescent in terms of its maturity, Reed Olmstead, manager of the North American analytics at IHS Energy, said in an emailed statement. The U.S. Energy Information Administration said in a drilling productivity report output from key shale basins is expected to dip lower starting in July. Low crude oil prices leaves companies with less money to spend on exploration and production and many key shale states are feeling the impact. North Dakotas rig count is hovering near all-time lows and production from April, the last full month for which data are available, is down nearly 2 percent from

Posted in Shale, IHSdeals
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