Headquartered in Texas at Dallas, Aschere energy is known to be a leader in the oil and gas industry. The company has a team of very qualified and competent professionals in their employ who have immensely contributed towards making the company play a significant role in the energy revolution that is sweeping through North America, especially the United States. This set of experienced professionals has been able to focus on research and development in all the relevant existing fields. The company continues to participate in a number of fast growing industry trends in the country, prominent among which is the Eagle Ford Shale.
Aschere energy is well known to take a unique approach to the market scenario, by preferring to put most of its resources into regions that have already proven to be doing exceptionally well in the past. They ensure that they employ a number of strategies, making sure that they meet all the challenge, along the way ahead. The company has many partners for different projects with whom they have agreements depending on the requirements and also cost sharing, which is also very important. This helps them deliver the projects they undertake, on time at affordable costs.
Aschere energy however has ensured that they limit the scope the partner commitments but using participation agreements. This clearly sets out strict cost constraints for the well drilling and completion of the other phases of the projects. The company tends to act as an interest partner and take on the responsibility for a considerable share of all the operational expenses. They also maintain good and steady relationship with reputed service companies that help with seismic mapping, drilling, thus enabling many projects to be initiated.
As compared to the competitors in the industry, Aschere energy has been able to produce greater results. This has been made possible by the above mentioned long term standing contractual agreements they have with service companies that provide well and drilling services. By working cohesively in a planned manner with these companies, it has become easier for them to guarantee that every single project is completed to the satisfaction of the client without any delay.
The United States government has also ensured that their policies are altered to support this energy resurgence in the country. These industry friendly policies combined with the sound infrastructure will definitely help the country, to stay ahead of competition in the shale and tight oil industry. It is expected that companies such as Aschere energy will use the various investments made in the infrastructure and technology sectors, to develop further and become key players in the global energy market. They can also increase production, add new professionals and make considerable contributions to the local, state and the national economies.
Besides focusing on successful drilling projects Aschere energy also provides a very positive atmosphere for its employees to grow in their careers along with the company. The company also has internal network of knowledge aimed at this purpose. They offer world class training, professional mentoring and also other relevant educational services. It is no wonder that trained professionals opt to work for this company as they are assured to get the incentive to grow personally and professionally too.
Allowing export of U.S. crude oil would help keep prices low and create growth in domestic oil industry !!
2/25/15Reuters — Over the past few weeks a silent (and perhaps sometimes audible) cheer has risen in the most unlikely of places — gas stations around the country, as Americans have gleefully filled their cars at almost half the recent cost.
It wasn’t too many weeks ago that the U.S. was in an energy renaissance, primarily by innovations in hydraulic fracturing and horizontal drilling, domestic oil production topped the high since 1988 of 8 million barrels a day.
“If we want both low prices at the gas pump and continued growth in the domestic oil and gas industry, the U.S. should allow the export of crude oil and let the free-market system work.” -Derek Miller
Despite the current economic dynamics, however, the choice between either low gas prices or a robust oil production economy in the U.S. is a false one. There is one thing that would help stabilize the energy production economy in both the short-term and provide stability to the boom and bust cycle in the long-term, and that is allowing U.S. companies to export crude oil.
The current ban on crude oil exports has its roots in the energy crisis of the 1970s. In 1973, an oil embargo led to fuel shortages and sky rocketing prices for Americans.
A direct response to this energy crisis was the Energy Conservation Act of 1975, which banned U.S. oil exports in an effort to establish a reserve of petroleum. While it is a truism that government policy lags innovation in business and advances in the economy, basing current energy economics on the geopolitics of four decades ago is silly.
This silliness is even starker given that the government prohibits crude oil exports but allows refined oil products, such as gasoline, to be exported and even considers crude oil with a certain density as “refined.”
Most importantly, when oil is exported, free markets work the way they are designed. Removing the prohibition on exporting crude oil will lead to increased domestic oil production, greater energy independence, job creation and economic growth. In fact, the American
As of late, OPEC has made the decision not to protect the price of oil, but has instead decided to make an attempt at stabilizing their market share of oil, which has dropped from over 40 percent before the 2008 financial crisis to around 30 percent at the end of 2014. As such, it’s up to oil companies to keep the price of oil in manageable ranges by continuing to invest in new oil projects. Otherwise, prices could go back up over $100, while the leader of OPEC has suggested that even a massive spike to around $200 is possible should companies cut back on their investing. Rick Kinder, the CEO of Kinder Morgan has stated that OPEC could lose full control over oil prices if they stay away from regulating oil prices for too long. It was his suggestion that the U.S. oil market is soon to be in control over what happens when it comes to oil prices.
If this is the case, then oil prices will rise or fall depending primarily on how many new oil wells will continue to be drilled, which further depends on how much money oil companies in America are willing to spend. If money and profits can still be made at these lower oil prices, then new oil wells should be drilled. However, if the opposite happens and oil companies deem that there isn’t money to be made, then they will likely wait it out until prices rise. It was fully expected that OPEC will keep with their strategy of maintaining the line of $100 per barrel of oil in order to stay over budget. This would have to be done by reducing output. Instead, OPEC has kept production levels at the same point, which has sent oil prices down to the level they are at now. If American oil companies continue to stay away from investing in new oil projects, oil supplies will reduce, leading to higher oil prices.
What matters now is what the free market decides to do with oil investments. Prices for oil were hovering in the mid $40’s just a month or so ago. Currently, prices have rebounded to above $60 per barrel. It’s clear that prices are gradually beginning to go up and have reached a point where it is finally safe to invest once again. As Rick Kinder states that the nominal price per barrel is $65 to $75 in order for companies to make profit on their investments, today is the perfect time to invest with Aschere Energy, before OPEC returns and begins to regulate prices again. As prices have begun to stabilize and rise, now is the best time to start the initial stages of an oil project. There’s little to no risk at the moment and choosing to invest in oil and gas with Aschere Energy just as prices are arriving at profitable ranges would provide you with all of the necessary tools to ensure your next oil project is a success.
Aschere energy is based out of Texas and it is known to lease out to existing oil and gas fields. These fields offer high production success rates. The company employs state of art drilling technologies and is therefore able to drill and finish the wells, at very affordable and cost effective prices. Their charges are considerably lower than that of their competitors’. Aschere energy basically takes up drilling offset wells that are positioned in close proximity to the existing oil or gas producing sites. These prospects are located well within the reservoirs that are already mapped out.
Energy is known to be a very volatile industry in the world today. The need for additional sources of both gas and oil has never been greater than today, as the consumption grows and the demand consequently increases. Till a few years ago North America and especially United States largely depended on the supplies from foreign lands, especially for their oil and gas requirements. But in the last several years there has been a great change of scene. This has been a kind of renaissance which is now showing the potential for a resurgent US industrial recovery largely based on the production of cheaper local based energy. Thus companies like Aschere Energy are playing a very important role in the energy revolution. There has been a huge increase in tight oil and shale-gas extraction in the recent times, which has added an impetus to this revolution.
Consequently the government policies have also become very industry friendly. This combined with the better access to drilling sites, various market incentives, stabilization of property rights etc, has helped the companies such as Aschere Energy are able to contribute significantly in the field of oil and gas extraction in the United States. These companies are poised to once again strike it big in the field. All the above point have been welcome incentives and the engineers have been successful in using their skills and the latest in the technology field, to help the country inch very close to being self sufficient and more than being able to meet the energy requirements of the country.
The United States might well surpass Saudi Arabia in the daily oil output in the next few years. The driving force is the non-OPEC production which in the next decade will be responsible for the growth in the global supply. Thus the energy revolution in North America appears definitely unstoppable. As the United States also undergoes energy regeneration, you can be sure that companies such as Aschere Energy will have a large role to play in it. This company is poised to be one of the major players in tight oil production in the United States.
Aschere Energy has many partners with whom they have participation agreements. These agreements set out very stringent cost parameters relating to the well drilling and completion phases of all the live projects The company is renowned for maintaining longstanding relationship with well established service providers, who undertake drilling and seismic mapping. This kind of organized planning enables the company to initiate various projects and successfully finish them within the planned time frame.
Feb 19th 2015— Oil extended three consecutive weekly gains in London as OPEC ministers signaled their confidence that the market can sustain its rebound.
Kuwait’s Oil Minister Ali Al-Omair said at a conference in Kuwait City on Monday that an oil surplus is smaller than previously estimated, while his Qatari counterpart Mohammed bin Saleh Al Sada said there is a “sense of optimism” about Brent crude prices, which traded near $62/bbl on Tuesday.Brent crude is back in a bull market while West Texas Intermediate is close to one on signs that supply may be curbed. U.S. drillers idled 519 rigs in the past 10 weeks, a 33% reduction, according to data from Baker Hughes Inc.
The Organization of Petroleum Exporting Countries lowered its forecast for an oil-supply increase from countries outside the group, and the International Energy Agency said a faster economic expansion will help demand growth accelerate this year.
Brent for April settlement climbed as much as 94 cents to $62.34/bbl on the London-based ICE Futures Europe exchange. The contract fell 12 cents to $61.40 on Monday. The volume of all futures traded was about 8% above the 100-day average.
WTI for March delivery climbed as much as 91 cents from Friday’s close to $53.69/bbl in electronic trading on the New York Mercantile Exchange. It was trading at $53.23 at 11:55 a.m. in London. The floor session was suspended on Monday for the U.S. Presidents’ Day holiday and transactions will be booked Tuesday for settlement purposes.
OPEC, which supplies about 40% of the world’s oil, on Feb. 9 made the deepest cut in at least six years in its monthly projection for output growth from other producers, predicting the market’s drop means U.S. drillers will pump less than previously anticipated.
“Brent is near $62 and there’s a sense of optimism surrounding this issue,” Qatar’s Al Sada said at an annual meeting of Mesaieed Petrochemical Holding Co. in Doha.
Escalating violence in Libya, which holds Africa’s largest oil reserves, has added to supply fears. Egyptian President Abdel-Fattah El-Sisi, whose air force bombed Islamic State targets in Libya on Monday, said his country will ask the United Nations Security Council to authorize intervention in the North African nation.
Oil production, the main source of revenue in Libya, plunged to 350,000 bpd in January from 1.6 MMbopd before the 2011 rebellion that toppled Qaddafi.
“Brent’s premium looks justified due to Libya concerns and recently announced capex cuts,” Michael Hewson, senior market analyst at London-based CMC Markets Plc, said by email. “A general improvement in economic conditions in Europe is also helping underpin prices.”
(Reuters) – The United States will remain the world’s top source of oil supply growth up to 2020, even after the recent collapse in prices, the International Energy Agency said, defying expectations of a more dramatic slowdown in shale growth.
The agency also said in its Medium Term Oil Market report that oil prices LCOc1, which slid from $115 a barrel in June to a near six-year low close to $45 in January, would likely stabilize at levels substantially below the highs of the last three years.
Oil prices deepened their decline after the Organization of the Petroleum Exporting Countries in November shifted strategy and declined to cut its own output, choosing to retain market share that has been eroded by rival supply sources such as U.S. shale oil.
But IEA Executive Director Maria van der Hoeven, launching the report in London, said while OPEC may win back some customers while prices are low, it would not regain the market share it held before the 2008 financial crisis.
“This unusual response to lower prices is just one more example of how shale oil has changed the market,” she said in a statement. “OPEC’s move to let the market rebalance itself is a reflection of that fact.”
The report said supply growth of U.S. light, tight oil (LTO) will initially slow to a trickle but regain momentum later, bringing its production to 5.2 million barrels per day (bpd) by 2020.
Total U.S. supply increases by 2.2 million bpd to 14 million bpd in 2020, with most of the expansion due to LTO.
“The price correction will cause the North American supply ‘party’ to mark a pause; it will not bring it to an end,” said the IEA, which advises industrialized countries on energy policy.
The outlook for output in Russia, one of the world’s top producers, is less optimistic.
“Russia, facing a perfect storm of collapsing prices, international sanctions and currency depreciation, will likely emerge as the industry’s top loser,” it said, forecasting production looked set to contract by 560,000 bpd to 10.4 million bpd from 2014 to 2020.
Partly as a result of lower non-OPEC output, the IEA predicted global demand for OPEC crude will rise in 2016 to 29.90 million bpd, after holding at 29.4 million bpd this year.
Reflecting the rise of shale and slowing demand in the West, OPEC’s market share has fallen to less than 30 percent this year from more than 40 percent in 2008, the IEA said.
Other forecasters see lower prices and investment cuts to have a larger impact on non-OPEC supply. OPEC itself, in a monthly report on Monday, forecast demand for its oil this year would be higher than expected as its strategy to not prop up prices hits other producers.
The IEA’s latest report contrasts with its previous medium-term outlook published in June, which had higher oil demand forecasts and highlighted risks to supply such as from violence Iraq.
Now, the IEA expects global growth in oil demand to accelerate to 1.13 million bpd in 2016 from 910,000 bpd in 2015. Still, it saw the price decline as having a marginal impact on demand growth for the rest of the decade.
“Expectations of global economic growth have been repeatedly revised downwards in the last six months despite steeply falling prices, slashing prior forecasts of oil demand growth for the rest of the decade by about 1.1 million bpd,” the report said.
Low prices, slowing demand and abundant supply have boosted the volumes of oil held in storage, weighing on prices. The IEA sees this build-up halting as early as mid-2015 and the market starting to tighten afterwards.
But oil could face further weakness before that happens, the agency said in a separate monthly report also issued on Tuesday which forecast stocks in OECD nations may by mid-year come close to revisiting the record high reached in 1998.
“Despite expectations of tightening balances by end-2015, downward market pressures may not have run their course just yet,” the monthly report said.