#282: Oil Near $90, U.S. LNG Demand & How Engineers Find the Sweet Spot | The Oil & Gas Rundown
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#282: Oil Near $90, U.S. LNG Demand & How Engineers Find the Sweet Spot | The Oil & Gas Rundown
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Oil prices remain around $90, global demand for U.S. natural gas stays strong, and domestic operators continue to navigate a changing energy market.
On this week’s Oil & Gas Rundown, Rachel Griffith breaks down the biggest energy stories of the week and what they could mean for U.S. oil and gas operators.
We also go to Land Manager Aaron Ledyard for an update on King Operating’s Bivins and Mid-Continent projects, including what makes these locations and leases attractive from a land perspective.
Then Senior Reservoir Engineer Ian Crane takes us inside Oil & Gas 101 to explain how engineers determine where to place a horizontal well thousands of feet underground and how they work to stay in the best reservoir rock.
Plus, Rachel covers:• Why Q4 is an important time to start thinking about potential oil and gas tax benefits• King Operating’s plans leading into the North American Prospect Expo, NAPE• Current development and production activity• The upcoming second edition of Jay Young’s book• King Operating Corporation’s 30th anniversary• The next tax strategy webinar with Ed Lyon on October 13
From the market to the field to the engineering behind each well, here’s what happened this week, why it matters, and what to watch next.
That’s your Rundown.