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Crestwood Energy Blog

Crestwood Energy, llc. And Your Oil and Gas Investment Success!

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iconFor Your Oil and Gas Investment Success!

The way Crestwood Energy completes successful oil and gas investment wells is fairly simple and logical. We developed a 10-point criteria that our oil and gas drilling projects undergo, such as: in-field drilling, multi-stacked pay zones, under spaced well drainage areas, and use of more advanced imaging & completion technologies. Meeting these parameters creates an environment to increase the percentage chance of success on a well by well basis.

Dedicated to finding the best oil and gas prospect to maximize ROI.

Caterpillar Goes ‘All-In’ On Natural Gas at HHP Summit

First-ever HHP Summit attracted hundreds of executives from across the globe representing the rail, marine, mining, drilling, earthmoving and power generation industries

 

HOUSTON, Oct. 3, 2012 /PRNewswire/ — Caterpillar Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives, announced at the inaugural Natural Gas for High Horsepower Applications (HHP) Summit on Sept. 27 its intentions to go ‘all-in’ on natural gas and produce even more natural gas-fueled equipment and engines for a variety of applications. Joel Feucht, Caterpillar’s director of gas engine strategy for the energy and power systems businesses, made the announcement during his keynote address at HHP Summit 2012, a first-of-its-kind event that examined the economic and environmental benefits of using the clean-burning, domestically abundant natural gas in fuel-hungry high horsepower applications. read more…

There is a saying in the Oil Patch…

There’s a saying in the oil patch. You can find oil with old ideas in new places, or with new ideas in old places. The “new ideas” of fracking horizontal laterals is extremely expensive, usually costing more than 10 million dollars per Well. As a small independent oil company, we don’t spend that kind of money.

Crestwood Energy uses “new imaging technologies” to find by-passed, over-looked reservoirs in old fields. Old geologists will tell you that the best place to find oil is inside a known field. Keep it simple.

To find hydrocarbons, Crestwood thinks of it this way. We’re not using a rotary phone to make a call, we’re using an iPhone 4.

Texas to Play Significant Role in Future U.S. Crude Oil Growth

by Karen Boman | Rigzone Staff | Monday, April 16, 2012

Texas Oil and GasGrowing U.S. crude oil production has placed the nation within spitting distance of the world’s largest producers, Saudi Arabia and Russia, and has made the U.S. more significant on the world energy stage than Iran, China, Iraq or Venezuela.

The state of Texas has a significant role to play in this growth, with production anticipated to reach 2 million barrels of oil per day (MMbopd) in the next few years, thanks to Eagle Ford shale, Permian Basin fields and other plays, said Texas Railroad Commissioner Barry Smitherman.

“We’ve been blessed with abundant natural resources such as oil, natural gas, coal, uranium and wind,” Smitherman told attendees at The Texas Tribune’s Energy and the Environment Symposium, held at the University of Houston on April 13. Read more…

Senate rejects Obama demand for end to oil tax breaks

President Obama on Thursday called for Congress to jettison $4 billion in annual subsidies to oil and gas companies, but minutes later the Senate blocked just such a proposal.

The 51-47 vote, which fell nine shy of the 60 needed to advance in the Senate, likely shelves the plan for this year, but gives both parties a political issue heading into November’s elections. Read More…

Current Oil and Gas Industry News…

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