Here are areas of often-overlooked opportunities that could be a perfect fit for the small independent or new team of independent geoscientists / engineers / landmen / petroleum accountants. This article, which is excerpted from a larger study, is not intended to be all-inclusive, but is a starting point.
There are areas in the continental U.S. where the small independent oil and gas producer can buy production, put together a revitalization / workover plan, assist in productive divestitures, and conduct in-field drilling. Specifically, individuals and teams can do the following:
- Revitalizing reservoirs in mature fields
- Hitting sweet spots in shale plays
- Buying minerals in plays you know and love
- Drilling low-risk developmental plays
- Buying and reworking old wells / mature fields
- Developing bold, visionary plays while prices are low
To read more U.S. Oil and Gas Plays
New AAPG Workshop! New Thinking and Value Propositions in Exploration and Production: ProActive Steps Now May 17-18 / Houston, TX
HGS Getting Started as a Self-Employed Geologist. May 20 / Houston, TX