Haynesville Shale Remains Profitable At Low Prices

摘要

American technology has played a large part in creating the flood of oil and natural gas pushing down commodity prices. According to William Marko, managing director, energy investment banking group, for Jeffries LLC, technology offers survival if the financial sector cooperates. Marko, keynote speaker at the Louisiana Oil & Gas Association's annual convention, held Jan. 27-29 at the Golden Nugget Casino in Lake Charles, said five years ago, Middle East political turmoil would have added a $10 risk premium to every barrel of oil, but the U.S. shale revolution had kept that premium at bay. In addition, he pointed out, efficiency improvements are increasing oil and gas supplies as service companies become better at extracting hydrocarbons. However, before the energy sector can revive itself, it must quiet financiers seeking profits from oil and gas, Marko cautioned, saying most private money funds today focus on investment opportunities.