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Onshore Rush by Offshore Moratorium
By Dian L. Chu, Economic Forecasts & Opinions
The de facto reinstated drilling ban in the U.S. Gulf of Mexico resulted from the BP oil spill is widely expected to last beyond the announced six months. Investors fled the energy sector, while producers are jumping onshore attempting to make up for the potential reserves and production shortfall due to the moratorium.
This presentation discussed this onshore boom, profiled the prolific Bakken formation, and some observations of the markets and the oil services sector. (pdf of the presentation is attached for your reference as well.)
Onshore Rush by Offshore Moratorium
Dian L. Chu, July 25, 2010
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The sort-of reverse is also happening.
Diamond Offshore's rig Ocean Endeavor left the GoM for Egypt a week or so ago.
pdf link wasn't there earlier and/or Scribd had taken over my laptop so it wasn't showing (was able to use adblock to disable Scribd - so everything is fine now)
what are some names in this sector? what are the enviro implications in comparison to the oil sands?
Scribd totally sucks as a medium for presenting articles, much better to have a PDF and some excerpts or snippets.