TOGY Eagle Ford, Texas Shale 2014 launch
TOGY Eagle Ford, Texas Shale 2014 launchMay 30, 2014
The Oil & Gas Year Eagle Ford Texas Shale 2014 book launch, sponsored by Team Oil Tools, was held at the Houston Club today. Produced in collaboration with the Railroad Commission of Texas and the Independent Petroleum Association of America, TOGY’s second energy report on Texas features an in-depth interview with governor Rick Perry and presents an overview of new and existing upstream developments as well as efforts taking place in developing the US’ and Texas’ unconventional resource plays.
Texas Railroad Commissioner David Porter delivered a keynote address, after which TOGY’s regional director and country director presented BHP Billiton vice-president of government and external affairs Fred Hagemeyer with the Company of the Year award. BHP Billiton’s $4-billion-per-year commitment to developing the Eagle Ford, as well as its drive for continued drilling and operating efficiencies, is an indication of the oil and gas industry’s confidence in developing unconventional shale in the US and an example of the valuable role international investors play in realising the US goal of energy independence.
With horizontal drilling and the hydraulic fracturing of shale driving Texas’ surge in hydrocarbons production, The Oil & Gas Year Eagle Ford Texas Shale 2014 pays particular attention to water management and technological innovation. Recognising the importance of the innovative NOMAD and ROVER water treatment systems, TOGY presented Fountain Quail the Water Management Company of the Year award. Santrol was awarded the Technology Innovation of the Year award for the development of self-suspending proppants allowing for better proppant penetration in horizontally fractured wells. Having closed more than 100 deals in the US between 2010 and 214, totalling just under $1 billion in value, Pickering, Holt & Co. was named Finance Provider of the Year. BG Group and Energy Transfer Partners were handed the LNG Deal of the Year award for their work on the Trunkline LNG Facility in Lake Charles, Louisiana.
Placing special emphasis on emerging resource plays, The Oil & Gas Year Eagle Ford Texas Shale 2014 also offered an in-depth look at the economic impact of Eagle Ford shale play activity in years to come, especially as the benefits of exploitation increasingly extent throughout the Texas economy, enabling new infrastructure investment and bringing new business to the logistics and oilfield services sector.