HES - The Evolving Energy Business Model: A Transformational Change From 'Drill-Baby-Drill' To 'Show Me The Money'
Originally published March 8, 2019
Over the past decade, exploration and production companies (“producers”) have been in a land grab battle as shale oil resources (“shale oil plays”) have emerged across the United States. Starting in 2009, the Bakken Shale in North Dakota emerged, followed by several other oil plays including the Eagle Ford Shale in South Texas, the Denver-Julesburg ((DJ)) Basin in Colorado, and most prominently the resurgence of the Permian Basin in West Texas and Southeast New Mexico. New technologies have unlocked these vast reserves in the US and some estimates now show