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.

A pdf version of the presentation is also available on Scribd.

Dian L. Chu, July 25, 2010