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Shale

Time & Patience: Napoleon’s (Hard) Lesson for Negotiators [Gaille Energy Blog Issue 67]

“The strongest of all warriors are these two — Time and Patience.” – Leo Tolstoy, War and Peace Even if both parties must conclude a deal, we must consider the question of Time—by when does each need to reach agreement.... Continue Reading →

Shale vs. Deepwater Exploration Part II: The Risks [Gaille Energy Blog Issue 62]

Last week’s issue on Shale vs. Deepwater Returns [Issue 61] featured the below figure from Hess Corporation: Several readers questioned to what extent the figure’s economics reflected different risks, including the chance of success (during exploration) and political risk.  This... Continue Reading →

Shale vs. Deepwater Exploration Rates of Return [Gaille Energy Blog Issue 61]

Last week, the Trump Administration announced that it would open new areas of the United States coast to deepwater exploration: In a striking about-face, the Interior Department announced yesterday that it wants to allow drilling in nearly all U.S. waters,... Continue Reading →

France Passes Law Banning Fossil Fuels [Gaille Energy Blog Issue 59]

Toreador Resources Corporation was one of the first companies to exploit international shale in the late 2000s.  Hydraulic fracturing was working in the United States, and similar shale formations exist around the world.  One of the largest sits in the... Continue Reading →

Do Climate Accords Matter? [Gaille Energy Blog Issue 46]

Talking heads have been complaining about (or alternatively, celebrating) President Trump’s withdrawal from the Paris climate accord.  Lost in their arguing is a simple question.  Can climate accords make (much of) a difference? We live in a global economy in... Continue Reading →

International Shale Gas & Climate Change (Reimagine Energy Policy: Part 3 of 4) [Gaille Energy Blog Issue 35]

“The U.S. leads the world in reducing carbon emissions for the most recent 5- and 10-year periods. Over the past 5 years U.S. carbon dioxide emissions have fallen by 270 million tons.” - Forbes Spinning windmills and glistening solar panels—that’s what... Continue Reading →

Shale Acreage = Out of the Money Options [Gaille Energy Blog Issue 25]

“Out of the money (OTM) is a call option with a strike price that is higher than the market price of the underlying asset. . . . An out of the money option has no intrinsic value, but only possesses... Continue Reading →

Who Killed Aubrey McClendon? [Gaille Energy Blog Issue 20]

“I've always been comfortable thinking things through and doing it, more or less, my way.” – Aubrey McClendon As the Wall Street Journal reported, “there is no denying the significance of Aubrey McClendon: He didn’t just see the energy boom... Continue Reading →

The Shale Fallacy: Why American Shale May Not Be a Reliable Swing Producer [Gaille Energy Blog Issue 13]

The news is filled with articles proclaiming that American shale has become the new “swing” producer in the global oil market. This means that other nations, such as Saudi Arabia, can continue to produce as much oil as possible, at... Continue Reading →

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