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  • Upwards and Onwards

    Upwards and Onwards

    27th March 2017

    Déjà vu; up 22 this week, the onshore rig count has now gained 53 rigs in the first three weeks of March, bringing the total to 787 - 82% up from last year’s 432.  This is the 37th increase in 39 weeks.  It appears that shale producers are committed to increasing US crude production across all major basins. 

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  • Experts in Russia (in Russian)

    Experts in Russia (in Russian)

    20th March 2017

    GCA has a long track-record of projects in Russia and includes numerous Russian-speaking staff.

    In 2016 there is significant appetite amongst Russian E&P companies to purchase additional core assets. Similarly, the sale of non-core and low profit assets are seen as critical to portfolio management for 25% of Russian companies.

    GCA has a wealth of experience in Mergers and Acquisition due diligence in Russia for a wide range of institutions including Energy Majors, Independents, National Oil Companies, and for the purposes of reserves based lending for Financial Institutions.

    To download this brochure as a PDF please click here or in the sidebar or you can read it in full in Russian below.

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  • Fortitude!

    Fortitude!

    17th March 2017

    Up 22 this week, the onshore rig count marches forward, now totaling 765 - approximately 72% more than the 446 a year ago.  This is the 36th increase in 38 weeks. US drillers average a weekly gain of ~7.5 rigs, doubling (up 315) the total oil rigs over the past 42 weeks.

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  • Oil Reserves Associated with IOR Projects: Recommendations for the Design of Pilot Tests

    Oil Reserves Associated with IOR Projects: Recommendations for the Design of Pilot Tests

    15th March 2017

    As the "easy oil" disappears, options for future production will be based on “Unconventional Reservoirs” (Tight/Shale Oil), on the implementation of best management practices and application of Improved Oil Recovery processes (IOR) predominantly on Heavy, Extra Heavy Oil and Tar Sands. While much of the recent discussion on where the marginal barrel of new oil will come from focuses on unconventional plays, it misses the equally large upside from already discovered fields, in the form of IOR. 

    This article discusses the nature of IOR projects, identifying reasons why insufficient attention is paid in the design of IOR pilots, reducing the potential of booking additional reserves, leading the industry to come up short in the contribution that this activity could bring.

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  • Reservas Asociadas a Proyectos IOR/EOR: Recomendaciones para Diseño Optimo de Pruebas Piloto

    Reservas Asociadas a Proyectos IOR/EOR: Recomendaciones para Diseño Optimo de Pruebas Piloto

    15th March 2017

    A medida que desaparece el "petróleo fácil", las opciones de producción futura estarán basadas en "no convencionales" como el petróleo de esquistos (Tight/Shale Oil), en la implementación de las mejores prácticas gerenciales y en la aplicación de los procesos de recuperación mejorada de petróleo (IOR por sus siglas en Ingles) predominantemente en yacimientos de Petróleos Pesados, Extra Pesados y Arenas Bituminosas. Si bien gran parte de la reciente discusión acerca de dónde vendrá el barril marginal de petróleo nuevo se centra en "no convencionales", de igual manera se ha subestimado el gran potencial de producir petróleo adicional de campos maduros mediante procesos de IOR.1

    En este artículo se discute la naturaleza de los proyectos IOR, identificando las razones por las razones por las cuales se presta poca atención al diseño de los pilotos de IOR, disminuyendo así el potencial de incorporar reservas adicionales de petróleo, llevando a la industria a acortar la contribución que esta actividad podría traer.

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  • Fundamentals are Improving?

    Fundamentals are Improving?

    10th March 2017

    The onshore rig count continued to move upward, 9 this week and posting its 18th increase in 19 weeks. This brings the total to 743, approximately 65% above the 450 a year ago. US drillers have added a total of 301 oil rigs in 38 of the past 41 weeks, averaging a weekly gain of ~7.3 rigs. But, the rate of climb for oil rigs is beginning to slow.

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  • Mergers and Acquisition - Where do the skeletons lie?

    Mergers and Acquisition - Where do the skeletons lie?

    8th March 2017

    What drives E&P companies into participating in the potentially quixotic practice of buying and selling assets, portfolios or companies?  Do we really know what vital ingredients to focus on? In the current “buyer’s market”, how can one help ensure a package is sold? What are some of the common pitfalls?

    Intrigued? The SPE London Evening Programme meeting on 28 March, 2017 includes an insightful look at the mergers and acquisitions process in the oil and gas business, given by GCA's Chris Rachwal.

    Read on for more information or you can book direct through SPE

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  • Price or Market Share

    Price or Market Share

    3rd March 2017

    The onshore rig count continued to rise, albeit just barely, up 1 this week and posting its 17th increase in 18 weeks. This brings the total to 734, approximately 60% above the 463 a year ago. US drillers have added a total of 293 oil rigs in 37 of the past 40 weeks, averaging a weekly gain of ~7.3 rigs.

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