GLG News by Horizontal Drilling Experts

What is the cost and profit per barrel of oil?  What products are in one barrel (42 gallons) of oil?  Could the government, both federal and state, be a larger part of the equation than "Big Oil"?

Human Resources in the energy sector reflects the skilled shortage more acutely than the blue collar sector. The interview model of a five year vision is antiquated. If mentoring is relevant in the field, why not mentoring in the office setting with field veterans asking relevant questions?

 BP and CoP seem to be making an early commitment to build the Arctic Gas Line.  However,  when all of the underlying issues and politics are analyzed, the impartial observer has to ask if this is a "real" alternative to the other options that have been put forward or is it competitive...

The simple fact is that the world is no where near running out of oil and/or natural gas.   Former Aramco Chief Engineer and spokesperson Nansen Saleri has spoken with uncommon clarity on this issue; most recently in a Wall St. Journal Article on March 4th titled “The World Has Plenty of Oil.”...

LNG has long been considered a panacea for US gas demand and a price-dampener in the near term.  However, the fact remains that there is simply not enough LNG supply available at competitive prices to meet any significant new demand from recently-built or in-progress US LNG terminals.  Any...

The idea of cutting jobs to reduce costs has been the bane of the energy industry since the price crash of the mid-1980's resulting in enormous job losses and set the stage for today's vast shortage of personnel and human resources.  Despite such a vivid object lesson, both BP and Shell...

The Bloomberg article presents the view that the largest of the international oil companies will increasing find their access to major projects compromised by the intrusion and involvement of well-funded and frequently publicly traded National Oil Companies such as Petrobras, Gazprom, and PetroChina. ...

For over 100 years, the Western international oil and gas companies (IOC's) have dominated the global oil and gas scene.  However, their technology and personnel ranks were decimated by the layoffs of the 1980's and 90's. Now, the national oil companies (NOC's) are becoming increasingly tough global...

Allis-Chalmers announced their intended buy-out of Bronco Drilling at a price that is significantly above the company's last closing price, but still at about a 20% discount to Bronco's 52 week high.  Just as importantly, ALY is using their own beaten-down stock to underpin about 30% of the purchase...

The manpower shortage in the oil and gas sector has reached legendary proportions with one major oil company reporting that up to 70% of their technical workforce could retire in the next 7 years.  In the meantime, oil prices remain at record high levels as do profits and investment.  Given...