American Oil and Gas Reporter - April 2018 - 81

AMERICA: THE ENERGY SUPERPOWER
cellent opportunities to keep smaller independents active for years.
Meantime, larger independents will
remain the dominant players in the established shale plays. We are seeing the
rise of the pure-play specialist in the Permian and Appalachian basins. There is
some question as to whether these pureplay basin masters will become the commercial masters, which may drive further
consolidation post-2020, but it should
be, more or less, business as usual for
the big players in the big plays.
The Permian provides a good microcosm of the overall trends. There are
some 600 operators active in the basin.
That is related to the fact that when the
majors exited 20-30 years ago, the independents moved in and acquired parts
and parcels of their holdings. The larger
independents are leading the way in the
Wolfcamp, Bone Spring and other plays,
but the majors and super independents
are coming back with Chevron, ExxonMobil and Occidental each announcing
multibillion-dollar investments.

However, while it does not make the
news, a significant percentage of all horizontal wells drilled in the Permian have
been outside the shales in tight conventional formations such as the San Andres,
Clear Fork, and Abo. These off-the-radar
plays are yielding additional hydrocarbons
and boosting EURs in and around the
main shale fairways.
In the final analysis, the rise of resource
plays and the improved economics of
developing these reserves has reset the
oil and gas business in very positive
ways. North America has more than 1,100
trillion cubic feet of estimated economically recoverable gas reserves at a commodity price of less than $4 an Mcf. The
same thing is happening in oil reserves.
This is critical to the long-term sustainability of oil and gas. Affordable prices
and reliable supplies will keep oil and
gas competitive with other energy sources
far into the future, and that is one of the
legacies of lower-48 resource plays that
transcend short- and intermediate-term
market conditions.

For instance, in the race between natural
gas and alternative fuels in power generation, and between oil and electricity for
transportation, efficiency and cost-effectiveness will be of paramount importance.
The U.S. companies that figured out how
to economically produce from shales and
tight rocks, and then pushed into new
productivity and efficiency frontiers during
the downturn, have made the oil and gas
business viable for decades.
r
Editor's Note: As Pete Stark prepares
to retire from a long and productive
career, AOGR's staff extends its sincere
gratitude to Pete for his invaluable contributions to the magazine over the years.
Few industry thought leaders have provided more insights to help AOGR's readers understand market and technical trends.
AOGR Publisher Charlie Cookson adds
his personal thanks for helping him make
it through the rigors of Colorado State
University 40 years ago. Happy trails,
old friend!

Philip H. "Pete" Stark is executive director, upstream research (emeritus) for IHS Markit
in Englewood, Co. Prior to joining IHS in 1969, Stark was an exploration geologist for Mobil
Oil. Stark has authored papers on a range of upstream topics and technologies, and co-authored studies on North American gas supplies, unconventional gas supplies, North American
and global tight oil, and global superbasins. He holds a B.S. in geology from the University
of Oklahoma and an M.S. and Ph.D. in geology from the University of Wisconsin.
PHILIP H. "PETE"
STARK

Bob Fryklund is vice president and chief strategist for IHS Markit's upstream energy
group. With more than 38 years of industry experience, he joined the company in 2006 after
serving in various geologist and leadership positions with ConocoPhillips, British Borneo,
Union Texas and Amerada Hess. Fryklund has published numerous articles and frequently
speaks at conferences and events. He holds a degree in geology from Hamilton College and
has completed advanced studies at the University of Houston and the University of Tulsa.
BOB
FRYKLUND
APRIL 2018 81



American Oil and Gas Reporter - April 2018

Table of Contents for the Digital Edition of American Oil and Gas Reporter - April 2018

Contents
American Oil and Gas Reporter - April 2018 - 1
American Oil and Gas Reporter - April 2018 - 1
American Oil and Gas Reporter - April 2018 - 2
American Oil and Gas Reporter - April 2018 - Contents
American Oil and Gas Reporter - April 2018 - 4
American Oil and Gas Reporter - April 2018 - 5
American Oil and Gas Reporter - April 2018 - 6
American Oil and Gas Reporter - April 2018 - 7
American Oil and Gas Reporter - April 2018 - 8
American Oil and Gas Reporter - April 2018 - 9
American Oil and Gas Reporter - April 2018 - 10
American Oil and Gas Reporter - April 2018 - 11
American Oil and Gas Reporter - April 2018 - 12
American Oil and Gas Reporter - April 2018 - 13
American Oil and Gas Reporter - April 2018 - 14
American Oil and Gas Reporter - April 2018 - 15
American Oil and Gas Reporter - April 2018 - 16
American Oil and Gas Reporter - April 2018 - 17
American Oil and Gas Reporter - April 2018 - 18
American Oil and Gas Reporter - April 2018 - 19
American Oil and Gas Reporter - April 2018 - 20
American Oil and Gas Reporter - April 2018 - 21
American Oil and Gas Reporter - April 2018 - 22
American Oil and Gas Reporter - April 2018 - 23
American Oil and Gas Reporter - April 2018 - 24
American Oil and Gas Reporter - April 2018 - 25
American Oil and Gas Reporter - April 2018 - 26
American Oil and Gas Reporter - April 2018 - 27
American Oil and Gas Reporter - April 2018 - 28
American Oil and Gas Reporter - April 2018 - 29
American Oil and Gas Reporter - April 2018 - 30
American Oil and Gas Reporter - April 2018 - 31
American Oil and Gas Reporter - April 2018 - 32
American Oil and Gas Reporter - April 2018 - 33
American Oil and Gas Reporter - April 2018 - 34
American Oil and Gas Reporter - April 2018 - 35
American Oil and Gas Reporter - April 2018 - 36
American Oil and Gas Reporter - April 2018 - 37
American Oil and Gas Reporter - April 2018 - 38
American Oil and Gas Reporter - April 2018 - 39
American Oil and Gas Reporter - April 2018 - 40
American Oil and Gas Reporter - April 2018 - 41
American Oil and Gas Reporter - April 2018 - 42
American Oil and Gas Reporter - April 2018 - 43
American Oil and Gas Reporter - April 2018 - 44
American Oil and Gas Reporter - April 2018 - 45
American Oil and Gas Reporter - April 2018 - 46
American Oil and Gas Reporter - April 2018 - 47
American Oil and Gas Reporter - April 2018 - 48
American Oil and Gas Reporter - April 2018 - 49
American Oil and Gas Reporter - April 2018 - 50
American Oil and Gas Reporter - April 2018 - 50A
American Oil and Gas Reporter - April 2018 - 50B
American Oil and Gas Reporter - April 2018 - 50C
American Oil and Gas Reporter - April 2018 - 50D
American Oil and Gas Reporter - April 2018 - 51
American Oil and Gas Reporter - April 2018 - 52
American Oil and Gas Reporter - April 2018 - 53
American Oil and Gas Reporter - April 2018 - 54
American Oil and Gas Reporter - April 2018 - 55
American Oil and Gas Reporter - April 2018 - 56
American Oil and Gas Reporter - April 2018 - 57
American Oil and Gas Reporter - April 2018 - 58
American Oil and Gas Reporter - April 2018 - 59
American Oil and Gas Reporter - April 2018 - 60
American Oil and Gas Reporter - April 2018 - 61
American Oil and Gas Reporter - April 2018 - 62
American Oil and Gas Reporter - April 2018 - 63
American Oil and Gas Reporter - April 2018 - 64
American Oil and Gas Reporter - April 2018 - 65
American Oil and Gas Reporter - April 2018 - 66
American Oil and Gas Reporter - April 2018 - 67
American Oil and Gas Reporter - April 2018 - 68
American Oil and Gas Reporter - April 2018 - 69
American Oil and Gas Reporter - April 2018 - 70
American Oil and Gas Reporter - April 2018 - 71
American Oil and Gas Reporter - April 2018 - 72
American Oil and Gas Reporter - April 2018 - 73
American Oil and Gas Reporter - April 2018 - 74
American Oil and Gas Reporter - April 2018 - 75
American Oil and Gas Reporter - April 2018 - 76
American Oil and Gas Reporter - April 2018 - 77
American Oil and Gas Reporter - April 2018 - 78
American Oil and Gas Reporter - April 2018 - 79
American Oil and Gas Reporter - April 2018 - 80
American Oil and Gas Reporter - April 2018 - 81
American Oil and Gas Reporter - April 2018 - 82
American Oil and Gas Reporter - April 2018 - 83
American Oil and Gas Reporter - April 2018 - 84
American Oil and Gas Reporter - April 2018 - 85
American Oil and Gas Reporter - April 2018 - 86
American Oil and Gas Reporter - April 2018 - 87
American Oil and Gas Reporter - April 2018 - 88
American Oil and Gas Reporter - April 2018 - 89
American Oil and Gas Reporter - April 2018 - 90
American Oil and Gas Reporter - April 2018 - 91
American Oil and Gas Reporter - April 2018 - 92
American Oil and Gas Reporter - April 2018 - 93
American Oil and Gas Reporter - April 2018 - 94
American Oil and Gas Reporter - April 2018 - 95
American Oil and Gas Reporter - April 2018 - 96
American Oil and Gas Reporter - April 2018 - 97
American Oil and Gas Reporter - April 2018 - 98
American Oil and Gas Reporter - April 2018 - 99
American Oil and Gas Reporter - April 2018 - 100
American Oil and Gas Reporter - April 2018 - 101
American Oil and Gas Reporter - April 2018 - 102
American Oil and Gas Reporter - April 2018 - 103
American Oil and Gas Reporter - April 2018 - 104
American Oil and Gas Reporter - April 2018 - 105
American Oil and Gas Reporter - April 2018 - 106
American Oil and Gas Reporter - April 2018 - 107
American Oil and Gas Reporter - April 2018 - 108
American Oil and Gas Reporter - April 2018 - 109
American Oil and Gas Reporter - April 2018 - 110
American Oil and Gas Reporter - April 2018 - 111
American Oil and Gas Reporter - April 2018 - 112
American Oil and Gas Reporter - April 2018 - 113
American Oil and Gas Reporter - April 2018 - 114
American Oil and Gas Reporter - April 2018 - 115
American Oil and Gas Reporter - April 2018 - 116
American Oil and Gas Reporter - April 2018 - 117
American Oil and Gas Reporter - April 2018 - 118
American Oil and Gas Reporter - April 2018 - 119
American Oil and Gas Reporter - April 2018 - 120
American Oil and Gas Reporter - April 2018 - 121
American Oil and Gas Reporter - April 2018 - 122
American Oil and Gas Reporter - April 2018 - 123
American Oil and Gas Reporter - April 2018 - 124
American Oil and Gas Reporter - April 2018 - 125
American Oil and Gas Reporter - April 2018 - 126
American Oil and Gas Reporter - April 2018 - 127
American Oil and Gas Reporter - April 2018 - 128
American Oil and Gas Reporter - April 2018 - 129
American Oil and Gas Reporter - April 2018 - 130
American Oil and Gas Reporter - April 2018 - 131
American Oil and Gas Reporter - April 2018 - 132
American Oil and Gas Reporter - April 2018 - 133
American Oil and Gas Reporter - April 2018 - 134
American Oil and Gas Reporter - April 2018 - 135
American Oil and Gas Reporter - April 2018 - 136
American Oil and Gas Reporter - April 2018 - 137
American Oil and Gas Reporter - April 2018 - 138
American Oil and Gas Reporter - April 2018 - 139
American Oil and Gas Reporter - April 2018 - 140
American Oil and Gas Reporter - April 2018 - 141
American Oil and Gas Reporter - April 2018 - 142
American Oil and Gas Reporter - April 2018 - 143
American Oil and Gas Reporter - April 2018 - 144
American Oil and Gas Reporter - April 2018 - 145
American Oil and Gas Reporter - April 2018 - 146
American Oil and Gas Reporter - April 2018 - 147
American Oil and Gas Reporter - April 2018 - 148
American Oil and Gas Reporter - April 2018 - 149
American Oil and Gas Reporter - April 2018 - 150
American Oil and Gas Reporter - April 2018 - 151
American Oil and Gas Reporter - April 2018 - 152
American Oil and Gas Reporter - April 2018 - 153
American Oil and Gas Reporter - April 2018 - 154
American Oil and Gas Reporter - April 2018 - 155
American Oil and Gas Reporter - April 2018 - 156
American Oil and Gas Reporter - April 2018 - 157
American Oil and Gas Reporter - April 2018 - 158
American Oil and Gas Reporter - April 2018 - 159
American Oil and Gas Reporter - April 2018 - 160
American Oil and Gas Reporter - April 2018 - 161
American Oil and Gas Reporter - April 2018 - 162
American Oil and Gas Reporter - April 2018 - 163
American Oil and Gas Reporter - April 2018 - 164
American Oil and Gas Reporter - April 2018 - 165
American Oil and Gas Reporter - April 2018 - 166
American Oil and Gas Reporter - April 2018 - 167
American Oil and Gas Reporter - April 2018 - 168
American Oil and Gas Reporter - April 2018 - 169
American Oil and Gas Reporter - April 2018 - 170
American Oil and Gas Reporter - April 2018 - 171
American Oil and Gas Reporter - April 2018 - 172
American Oil and Gas Reporter - April 2018 - 173
American Oil and Gas Reporter - April 2018 - 174
American Oil and Gas Reporter - April 2018 - 175
American Oil and Gas Reporter - April 2018 - 176
American Oil and Gas Reporter - April 2018 - 177
American Oil and Gas Reporter - April 2018 - 178
American Oil and Gas Reporter - April 2018 - 179
American Oil and Gas Reporter - April 2018 - 180
http://www.nxtbook.com/nxtbooks/aogr/201910
http://www.nxtbook.com/nxtbooks/aogr/201909
http://www.nxtbook.com/nxtbooks/aogr/201908
http://www.nxtbook.com/nxtbooks/aogr/201907
http://www.nxtbook.com/nxtbooks/aogr/201906
http://www.nxtbook.com/nxtbooks/aogr/201905
http://www.nxtbook.com/nxtbooks/aogr/201904
http://www.nxtbook.com/nxtbooks/aogr/201903
http://www.nxtbook.com/nxtbooks/aogr/201902
http://www.nxtbook.com/nxtbooks/aogr/201901
http://www.nxtbook.com/nxtbooks/aogr/201812
http://www.nxtbook.com/nxtbooks/aogr/201811
http://www.nxtbook.com/nxtbooks/aogr/201810
http://www.nxtbook.com/nxtbooks/aogr/pbios_201810
http://www.nxtbook.com/nxtbooks/aogr/201809
http://www.nxtbook.com/nxtbooks/aogr/201808
http://www.nxtbook.com/nxtbooks/aogr/201807
http://www.nxtbook.com/nxtbooks/aogr/201806
http://www.nxtbook.com/nxtbooks/aogr/201805
http://www.nxtbook.com/nxtbooks/aogr/201804
http://www.nxtbook.com/nxtbooks/aogr/201803
http://www.nxtbook.com/nxtbooks/aogr/201802
http://www.nxtbook.com/nxtbooks/aogr/201801
http://www.nxtbook.com/nxtbooks/aogr/201712
http://www.nxtbook.com/nxtbooks/aogr/201711
http://www.nxtbook.com/nxtbooks/aogr/201710
http://www.nxtbook.com/nxtbooks/aogr/201709
http://www.nxtbook.com/nxtbooks/aogr/201708
http://www.nxtbook.com/nxtbooks/aogr/201707
http://www.nxtbook.com/nxtbooks/aogr/201706
http://www.nxtbook.com/nxtbooks/aogr/201705
http://www.nxtbook.com/nxtbooks/aogr/201704
http://www.nxtbook.com/nxtbooks/aogr/201703
http://www.nxtbook.com/nxtbooks/aogr/201702
http://www.nxtbook.com/nxtbooks/aogr/201701
http://www.nxtbook.com/nxtbooks/aogr/201612
http://www.nxtbook.com/nxtbooks/aogr/201611
http://www.nxtbook.com/nxtbooks/aogr/201610
http://www.nxtbook.com/nxtbooks/aogr/pbios2016_programguide
http://www.nxtbook.com/nxtbooks/aogr/201609
http://www.nxtbook.com/nxtbooks/aogr/201608
http://www.nxtbook.com/nxtbooks/aogr/201607
http://www.nxtbook.com/nxtbooks/aogr/201606
http://www.nxtbook.com/nxtbooks/aogr/201605
http://www.nxtbook.com/nxtbooks/aogr/201604
http://www.nxtbook.com/nxtbooks/aogr/201603
http://www.nxtbook.com/nxtbooks/aogr/201602
http://www.nxtbook.com/nxtbooks/aogr/201601
http://www.nxtbook.com/nxtbooks/aogr/201512
http://www.nxtbook.com/nxtbooks/aogr/201511
http://www.nxtbook.com/nxtbooks/aogr/201510
http://www.nxtbook.com/nxtbooks/aogr/201509
http://www.nxtbook.com/nxtbooks/aogr/201508
http://www.nxtbook.com/nxtbooks/aogr/201507
http://www.nxtbook.com/nxtbooks/aogr/201506
http://www.nxtbook.com/nxtbooks/aogr/201505
http://www.nxtbook.com/nxtbooks/aogr/201504
http://www.nxtbook.com/nxtbooks/aogr/201503
http://www.nxtbook.com/nxtbooks/aogr/201502
http://www.nxtbook.com/nxtbooks/aogr/201501
http://www.nxtbook.com/nxtbooks/aogr/201412
http://www.nxtbook.com/nxtbooks/aogr/201411
http://www.nxtbook.com/nxtbooks/aogr/201410
http://www.nxtbook.com/nxtbooks/aogr/201409
http://www.nxtbook.com/nxtbooks/aogr/pbios2014_programguide
http://www.nxtbook.com/nxtbooks/aogr/201408
http://www.nxtbook.com/nxtbooks/aogr/201407
http://www.nxtbook.com/nxtbooks/aogr/201406
http://www.nxtbook.com/nxtbooks/aogr/201405
http://www.nxtbook.com/nxtbooks/aogr/201404
http://www.nxtbook.com/nxtbooks/aogr/201403
http://www.nxtbook.com/nxtbooks/aogr/201402
http://www.nxtbook.com/nxtbooks/aogr/201401
http://www.nxtbook.com/nxtbooks/aogr/201312
http://www.nxtbook.com/nxtbooks/aogr/201311
http://www.nxtbook.com/nxtbooks/aogr/201310
http://www.nxtbook.com/nxtbooks/aogr/201309
http://www.nxtbook.com/nxtbooks/aogr/201308
http://www.nxtbook.com/nxtbooks/aogr/201307
http://www.nxtbook.com/nxtbooks/aogr/201306
http://www.nxtbook.com/nxtbooks/aogr/201305
http://www.nxtbook.com/nxtbooks/aogr/201304
http://www.nxtbook.com/nxtbooks/aogr/201303
http://www.nxtbook.com/nxtbooks/aogr/201302
http://www.nxtbook.com/nxtbooks/aogr/201301
http://www.nxtbook.com/nxtbooks/aogr/201212
http://www.nxtbook.com/nxtbooks/aogr/201211
http://www.nxtbook.com/nxtbooks/aogr/201210
http://www.nxtbook.com/nxtbooks/aogr/201209
http://www.nxtbook.com/nxtbooks/aogr/2012_pbios
http://www.nxtbook.com/nxtbooks/aogr/201208
http://www.nxtbook.com/nxtbooks/aogr/201207
http://www.nxtbook.com/nxtbooks/aogr/201206
http://www.nxtbook.com/nxtbooks/aogr/201205
http://www.nxtbook.com/nxtbooks/aogr/201204
http://www.nxtbook.com/nxtbooks/aogr/201203
http://www.nxtbook.com/nxtbooks/aogr/201202
http://www.nxtbook.com/nxtbooks/aogr/201201
http://www.nxtbook.com/nxtbooks/demo/aogr_clone
http://www.nxtbook.com/nxtbooks/aogr/201112
http://www.nxtbookMEDIA.com